Hannah Qiu
CO-GENERAL MANAGER
PING AN ONECONNECTCheng Li
CHIEF TECHNOLOGY OFFICER
ANT FINANCIALPiyush Gupta
CHIEF EXECUTIVE OFFICER
DBS GROUP HOLDINGS LTD.Kevin Bong
DIRECTOR OF ECONOMICS AND INVESTMENT STRATEGIES
GICAI and data are getting a lot of investment and attention. I think the related important thing
will be augmented reality and virtual reality, because when you merge AR into virtual
reality, you can get into a completely different world. ¶ It’s meaningful because—can you
imagine?—you can live in a whole alternate world your whole life. I don’t need to be phys-
ically here. I can be sitting in my office, I project, and you can see my augmented-reality
thing and I can be telling you everything you really need. I don’t physically move. So the
notion of hologram, the notion of avatar, the notion of virtual people going everywhere—we
can make that possible.We live in an era where all of the ways in which we
live and work today can be made far more efficient
and inclusive through digital technology. Not just
seeking out far-fetched moonshots, but also focusing
on the ordinary that’s all around us—conventional
ideas that haven’t been reimagined in decades or
even centuries. Take, for example, how we buy and
sell, receive and pay, and how we transfer money
globally. All these have hidden possibilities waiting
to be revolutionized through digitalization, to make
it easier to do business anywhere, and bring equal
opportunities all around the world.In recent years, emerging markets have
become major hubs for innovation and
technology adoption, and hence invest-
ment opportunities. Their strengths:
nascent infrastructure with room for
substantial growth, highly innovative
companies addressing challenges from
the ground up, and greater openness to
experimentation. ¶ Over the long term,
we believe that technological disruption
can be even more powerful in emerging
economies, as these economies have
more unmet and undiscovered needs and
more leapfrogging opportunities. Their
companies offer products that are better,
cheaper, and faster. New entrants and
innovators often create entirely new cat-
egories. For example, micro banking and
e-commerce have been big boons to small
businesses and consumers, giving them
much-needed access to financing and
new marketplaces.Unstructured data currently accounts for more than
80% of all data, but the centralization and governance
of unstructured data in text, voice, and video have
not yet been well established. The value of applying
this data still needs to be further developed. The
current research and development of fundamental
AI technology is relatively robust; however, the appli-
cation of AI technology into finance still needs work.
Due to the lack of cross-border discipline talent and
the sensitivity of financial data, the fast development
of innovation in AI plus finance is currently limited.
The establishment of standards and risk-prevention
systems also lags behind.Reporting by Alfred Liu and Cathy Chan in Hong Kong; Takako Taniguchi in Tokyo; Chanyaporn Chanjaroen and David Ramli in Singapore; and Jun Luo in Shanghai.12 BLOOMBERG MARKETS