The FinTech Association of Hong Kong (FTAHK) has today released the results of a new survey of the local Artificial Intelligence (AI) and Big Data ecosystem. The survey illustrates the current situation and points to future opportunities for the sector in Hong Kong.
The findings show that 75% of respondents have chosen Hong Kong as their headquarters while around 70% regard Hong Kong as their top market. These results align with recent similar surveys ranking Hong Kong in the top three attractive locations for AI in Asia.
The survey was led by Chris Barford and Guillaume Huet, co-chairs of FTAHK’s AI and Big Data Committee, and was based on responses from over 60 companies from across the regional AI and Big Data ecosystem. These companies are involved in activities including analytics and business intelligence, core AI, conversational AI/bots as well supporting FinTech organisations.
Other key findings from the survey include:
- Hong Kong is viewed as an attractive location to build a business based on AI & Big Data thanks to its well-developed and thriving ecosystem of AI companies
- AI & Big Data companies in Hong Kong are looking to expand and are focused on hiring engineers, product managers and analytics staff
- There is a continued desire for government support around customer education and nurturing talent, as well as in addressing regulatory challenges