Many multinational corporations are using AI to manage supply chains
Many multinational corporations are leveraging AI to manage their supply chains. Currently, numerous large-scale enterprises worldwide have formally integrated AI into their work processes. The global race for the application and development of AI in business is in a breakthrough stage, and Vietnam does not want to miss out on this competition. However, is there room for high-tech businesses to develop AI in Vietnam? Let’s explore the example of an integrated business park for high-tech businesses in Ho Chi Minh City.
1. Many global corporations are utilizing AI in their work processes
Artificial intelligence (AI) has become a valuable ally for many multinational corporations such as Unilever, Siemens, and Maersk in managing increasingly complex supply chains. Faced with geopolitical tensions and pressure to eliminate suppliers violating human rights and the environment, these companies have applied artificial intelligence to optimize processes and reduce the impact of supply chain disruptions. Unilever, Siemens, and Maersk are not only using AI for contract negotiations and finding new suppliers but also to identify those involved in risk-related issues. AI technology has advanced significantly, providing more opportunities for automating supply chain management.
AI is working effectively in supply chain management activities
The disruption of supply chains has become a significant issue due to the impact of the Covid-19 pandemic and geopolitical tensions in many regions today. Germany and many countries have enacted laws requiring companies to monitor environmental and human rights issues within their supply chains. This has stimulated interest and investment in using AI in supply chain management.
Leading corporations have recognized the value of AI in rapidly identifying the locations of alternative suppliers or filling gaps in the supply chain. They also utilize AI technology to communicate with hundreds of thousands of suppliers, helping to reduce response times in case of incidents.
AI can be more effective at finding supplier information than humans
AI technology has assisted these corporations in capturing critical information and optimizing supply chain management amid rapid changes. Despite concerns about the impact of technology on employment, over 96% of supply chain experts plan to use AI in the future to enhance their supply chain management.
2. Global Race for AI Development and Vietnam
Many businesses are making efforts to develop AI
AI has become an invaluable support tool for many corporations, with large enterprises increasingly investing in developing AI for their specialized operations.
A notable example is Maersk, the world’s second-largest container shipping group, which invested $20 million in the technology company Pactum to develop a contract negotiation chatbot. This chatbot aids in negotiating contracts with Maersk’s suppliers, Walmart, and Wesco. Pactum’s founder, Kaspar Korjus, mentioned that major events like pandemics and wars can disrupt supply chains, and during such times, businesses need to connect with new suppliers. Pactum’s chatbot is effectively handling this task by negotiating deals worth millions of dollars with Fortune 500 companies.
AI chatbots are being developed to serve many fields
In addition to Maersk, Siemens, a leading German industrial conglomerate, has intensified efforts to reduce dependence on Chinese suppliers by using the services of Scoutbee, a startup company based in Berlin. Scoutbee has developed a chatbot capable of responding to requests to identify alternative suppliers or gaps in the supply chain. The CEO of Scoutbee also mentioned that the Unilever group is using this service to find alternative sources when China tightens its lockdown measures during the Covid-19 pandemic.
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Can Vietnam Participate in the AI Race?
It can be seen that the era of artificial intelligence is approaching rapidly. With economic and scientific potential that is not yet prominently positioned on the global map, Vietnam is taking strong steps to enhance its national technological potential. Specifically, the construction of High-Tech Parks in major cities such as Ho Chi Minh City, Hanoi, and Da Nang aims to attract both domestic and international businesses to invest and develop technology products. Additionally, tax incentives for high-tech projects are creating favorable conditions for many technology startups to enter the market.
Vietnam has the potential to participate in the race to develop AI as well as high-tech industries
With the direction of shifting focus away from traditional industry sectors like agriculture, the State and Ho Chi Minh City have established the innovative urban area of Thu Duc. This area concentrates dozens of universities along with the Saigon High-Tech Park, featuring continuously upgraded infrastructure to provide the best conditions for the development of technology businesses. Notably, a pioneering 5G system will be implemented in Thu Duc and plans are underway to expand and upgrade the city’s transportation system.
However, infrastructure upgrades alone are not sufficient. Technology businesses also require specialized facilities such as data centers or high-quality offices to meet the stable and long-term operational needs of enterprises.
OneHub Saigon – an integrated business park for high-tech businesses
OneHub Saigon is an integrated business park in the Saigon High-Tech Park. With a vision to become a Tech Hub that attracts and hosts technology companies, OneHub Saigon provides various services tailored to the characteristics of high-tech industries.
Overview of the integrated business park – OneHub Saigon
With Grade A quality offices in sub-urban and operating 24/7, businesses will benefit from flexible working hours, especially those operating internationally. Inside the office, there is a column-free space with a high ceiling of 3 meters, suitable for arranging machinery and equipment for businesses. Adopting a campus office model, the outdoor space surrounding OneHub Saigon is predominantly greenery, offering outdoor areas for recreational activities, sports, and community engagement. To build a thriving business ecosystem, connectivity between businesses will be enhanced, as both within and outside the OneHub Saigon there are shared spaces for people in the building to meet and communicate.
As a comprehensive integrated business park, in addition to offices, OneHub Saigon provides various services and facilities such as entertainment and shopping areas, a cafeteria, a combined accommodation and office area, a training center, and most notably, a Tier 3 data center with a total investment of over 70 million USD as part of the OneHub Saigon project. This will be an excellent facility to help technology businesses manage and maintain their operations easily and efficiently.
A data center is an indispensable service in data-related industries such as machine learning, AI training, software technology,…
OneHub Saigon has many bright spots to become an excellent office space, including convenient transportation connections and attractive rental prices. Businesses here have the opportunity to access multinational technology corporations such as Nidec, Intel, and Samsung. In summary, OneHub Saigon is a promising integrated business park for high-tech businesses.
Conclusion
Many international corporations across various sectors are actively developing and implementing AI into their operations. AI has become an indispensable tool for large corporations to operate more efficiently, leading to a global race in AI development. Vietnam is also keen to embrace this trend, evidenced by the upgrading of infrastructure and creating conditions for the development of high-tech businesses, both domestic and international. The OneHub Saigon, an integrated business park in the Saigon High-Tech Park is indeed a potential Tech Hub where technology businesses can converge and grow together.
See more: Data center with investment capital of 70 million USD – 1Hub Data Center[:]
