Intelligent innovations with Dr. WP Hong Future Investment Initiative 2019 Day 3

The discussion at the Future Investment Initiative 2019 with Dr. WP Hong, President and CEO of Samsung, highlighted the significant influence of AI, 5G, and IoT in various industries. Dr. Hong emphasized the challenges faced by tech companies in adopting these technologies, particularly the dependency of AI on high-quality data sets and the issue of energy consumption in data centers. He also discussed Samsung's strategic focus on AI, 5G, and IoT, and their potential to transform industries. From a business perspective, Samsung is focused on a wide range of industries, including construction, consumer electronics, IT services, healthcare, and cybersecurity, with a particular interest in smart cities. Dr. Hong also emphasized the revolutionary impact of 5G in enhancing AI and IoT utilization due to its unique strengths, such as high speed and ultra-low latency. Additionally, he highlighted the evolution of IoT, particularly its ability to introduce large volumes of real-time data, which is crucial for various industrial applications.