This report looks at the state of industry-led GenAI adoption and implementation in Asia Pacific (APAC)
ARTICLE Generative Artificial Intelligence-led industry transformation Generative Artificial Intelligence-led industry transformation is a report from Economist Impact sponsored by ServiceNow, which explores the opportunities and challenges of Generative Artificial Intelligence (GenAI) in Asia-Pacific (APAC) countries with industry-specific case studies based on desk research, two workshops and qualitative interviews with experts and executives. Download Report

Generative Artificial Intelligence-led industry transformation

Generative Artificial Intelligence (GenAI)— algorithmic technology based on large language models (LLM) capable of generating text, images or other data in response to user prompts—can boost productivity and create competitive organisational advantages. The global GenAI market has been predicted to grow by over 40% annually, from US$40bn in 2022 to US$1.3trn by 2032.

This report looks at the state of industry-led GenAI adoption and implementation in Asia Pacific (APAC), with a particular focus on government, financial services (banking and insurance), manufacturing, telecommunication service providers and technology service providers. The expert workshops were conducted on 8 February and 15 February 2024.
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