Question: Artificial Intelligence ( AI ) has become a transformative force in the corporate world, impacting every industry from finance to healthcare, and retail to manufacturing.

Artificial Intelligence (AI) has become a transformative force in the corporate world,
impacting every industry from finance to healthcare, and retail to manufacturing. It
holds the potential to revolutionize how corporations operate, make decisions, and
interact with customers and suppliers. As AI technologies evolve, they present
opportunities for increased efficiency, new product offerings, and more personalized
service delivery. However, they also pose challenges related to ethics, privacy,
employment, and the necessity for new skills and organizational structures.
Malaysia can propel its economic engine and become a leading innovation hub in the
region by embracing AI and addressing existing challenges. Through fostering
collaboration between public and private sectors, investing in talent development and
prioritising AI implementation, Malaysia can unlock the true potential of this
transformative technology and become more competitive.
Malaysia is at the forefront of AI with its policies and various initiatives. Its digital
economy is on course to hit its goal of contributing more than 25.5% of the nations
gross domestic product (GDP) by 2025. Unlike in the past, these initiatives will synch
with the implementation from its government-linked companies and timely actions from
the private sector.

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