Fast development of Artificial Intelligence in Vietnam

In Vietnam, Artificial Intelligence is growing speedily and continuously confirming that it is a turning point of technology in the 4.0 Generation. High-tech development has established AI tactics to use AI for pushing economic growth. 

In recent years, more and more organizations have applied AI in different areas such as education, healthcare, telecommunications… AI has been not only the lead in the market but also made massive revenue.

Presently, AI has been received the most attention in the world. Several nations have invested billions of US dollars in AI expansion plans with the desire to be the winner on AI racing track.

With AI trend, Vietnam is not the exception. Over the last few years, Vietnam’s AI industry has many incredible developments with AI in a wide range of works.  

Big local technology companies really enjoy spending money on AI, developing AI as well as deploying AI strategies. Furthermore, Inland corporations in addition to inventive star-ups implement AI in lots of products in latest commerce plans.

Otherwise, as other nations, Vietnam also faces the lack of big databases, resources, infrastructure…

External technology enterprises and top AI corporations in the world have launched offices in Vietnam to exploit well-qualified workforce to server for their markets.  

Foreign countries’ invitations have drawn significant attentions of Vietnamese young labor force in AI industry. While the preparation for these people in the AI field is still inadequate as well as not having enough well-trained instructors. Hence, Vietnam need to have appropriate plans in developing AI workforce.

Especially, Vietnam has many people who are doing AI research overseas together with outstanding AI specialists in technologically advanced nations. As a result, it is essential to associate with them and boost their awareness to devote to Vietnam.

At the recent onshore and offshore AI meetings, Vietnam has been said to have a weaker beginning compared to other nations. If Vietnam sticks to AI development strategies as technologically advanced nations, it will be hard to catch up with them.

AI enterprises has selected to pay attention on dealing with minor and particular problems in daily life. However, they have not still had mutual agreements in shaping a shared platform and data sources on technologies for the AI environment.

Hence, it is important for Vietnam to follow its path for the AI development strategies. Vietnam should have special rules to develop engineers in the high-tech field. In addition, Vietnam needs to associate with AI communities, which have shaped freely, to increase the delivery of data, research, and applications to making a stronger AI platform.

About us:

TMA Solutions was established in 1997 to provide quality software outsourcing services to leading companies worldwide. We are one of the largest software outsourcing companies in Vietnam with 2,600 engineers. Our engineering team was selected from a large pool of Vietnam IT resources; they are well-trained and have successfully completed many large and complex projects. Please visit us: https://www.tmasolutions.com/   

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Macau | Chinese tourists drive mobile payment sector to go global - Nielson and Alipay report

Jointly conducted by Nielson Holdings- an American information, data and measurement company- and Alipay, a report on the latest trends in outbound tourism and the consumption habits of Chinese travellers has been released

Macau (MNA) – A report jointly conducted by Nielson Holdings- an American information, data and measurement company- and Alipay on the latest trends in outbound tourism and the consumption habits of Chinese travellers has been released, titled ‘2018 trends of Chinese mobile payment in outbound tourism’.

The report posits that travelling is no longer a luxury for many Chinese citizens as they are now enjoying rising incomes and better living standards, with 140 million outbound trips made in 2018, up 13.5 per cent year-on-year according to the latest statistics from the China Tourism Academy.

The increase in Chinese tourists’ consumption and spending habits overseas has driven China’s mobile payment sector to go global, and the report states that China’s mobile payment brands, represented by Alipay, have moved beyond the initial hurdles and are now experiencing vigorous growth.

In a survey of more than 2,800 Chinese tourists and 1,244 merchants at popular attractions frequented by Chinese tourists in Singapore, Malaysia and Thailand, the report concludes that more than 69 per cent of Chinese tourists paid with their mobile phones while abroad, up 4 per cent the previous year, and 32 per cent of transactions used mobile payments, overtaking cash for the first time.

The survey also found that 93 per cent of Chinese tourists would likely increase their spending if mobile payments were more widely accepted, a higher figure than that in 2017’s survey.

To accommodate this demand, the report states that currently, ’58 per cent of merchants located in areas frequented by Chinese tourists in Singapore, Malaysia and Thailand accept mobile payment, with 70 per cent of them accepting Chinese mobile payment.’

With the increased usage of mobile payment overseas by Chinese tourists and a deeper understanding of Chinese mobile payment brands by existing merchants, more merchants are willing to adopt Chinese mobile payment solutions.

That holds true for Macau and Hong Kong as well – considered top locations for short haul visits by first-tier city dwellers according to the report- when last year, over 8,000 mobile payment machines were installed in local Macau stores to encourage more Chinese tourists to make purchases, and mobile payments accounted for more than half of Chow Tai Fook Jewellery store sales in Macau and Hong Kong in the first quarter of 2018.

Meanwhile, the report states that consumption patterns by Chinese tourists remain largely unchanged from the previous year, with the top three expenditure categories remaining as shopping accounting for 25 per cent, accommodation accounting for 18 per cent and dining accounting for 16 per cent.

About us
TMA Solutions was established in 1997 to provide quality software outsourcing services to leading companies worldwide. We are one of the largest software outsourcing companies in Vietnam with 2,400 engineers. Our engineering team was selected from a large pool of Vietnam IT resources; they are well-trained and have successfully completed many large and complex projects.

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4 requirements of a low-code development platform

Many enterprises are adopting low-code platforms for their ability to enable a broad range of developers to rapidly build and deploy custom web and mobile apps—without the need for time-consuming coding.

Organisations focused on delivering applications for innovation, customer engagement, operational efficiency, or legacy migration are recognising the inherent business value and time-to-market advantages of low-code development platforms.

With business demand for custom applications soaring, it’s clear that traditional development approaches simply can’t keep pace. According to Gartner, through 2021, market demand for app development will grow at least five times faster than IT capacity to deliver it.

So what exactly is a ‘low-code’ development approach? How can it help organisations meet surging demand for applications? What are the key capabilities of a low-code development platform?

 The next step for IT and business leaders is to evaluate platforms carefully and choose the approach that meets your organisation’s needs, now and in future.

Defining low-code development

Forrester defines low – code development platforms as: Products and/or cloud services for application development that employ visual, declarative techniques instead of programming and are available to customers at low- or no-cost in money and training time to begin, with costs rising in proportion of the business value of the platforms.

There are several important features of any low-code development platform:

1. Model-driven development

Low-code platforms offer more intuitive ways to build applications, minimising the use of coding. Model-driven development (MDD) uses visual models for defining an application’s data models, business logic, user interfaces, etc.

This approach enables a range of users—from professional developers to citizen developers—to visually model full-stack web and mobile applications. Using visual tools can result in 10x productivity gains over traditional approaches. As capability matures and organisations begin to scale, some organisations have seen up to 20 times productivity.

2. Reusability

Productivity can be further accelerated with low-code development platforms that promote reusability through an App Store populated with out-of-the-box templates, widgets, plug-ins, business components, and connectors to emerging technologies.

The platform may also offer a private app store, whereby an organisation can distribute company-specific IP for reuse across development teams. In either scenario, building apps becomes more like visually orchestrating the necessary building blocks, versus reinventing the wheel each project.

3. Support beyond just the build phase

It’s easy to fall into the trap of viewing low-code platforms only as a way to speed the build phase. In reality, many platforms are designed to support the entire app lifecycle: design, build, deploy, manage and iterate.

As such, usually include collaboration tools, agile project management, cloud-native deployment, application governance tools, and feedback tools. This is an important part of the time-to-market advantage, with a seamless way to move apps along the lifecycle, particularly in terms of deployment.

4. Cloud-native deployment

Some low-code development platforms offer the flexibility to deploy and manage applications in the cloud of your choice, or even on premises. Offering automated deployment along with a cloud-native, stateless architecture enables out-of-the-box high availability and fail over to support large-scale deployments, particularly in an enterprise context.

Key benefits of a low-code platform

In many business sectors today, the barriers to entry for digital competitors are so low that new players are coming out of nowhere and disrupting industries through technology-led products, services, and business models.

To stay ahead of the competition, organisations must constantly find new ways to do things better, faster and cheaper; and to engage customers and partners in new ways. The challenge is that, while the demand for custom apps has never been higher, traditional development approaches simply can’t keep pace.

It’s clear that businesses need a faster way to deliver applications—and low-code development platforms provide a proven way to shorten time-to-value for new applications. The fundamental value of a low-code development platform is that it brings IT and the business together, enabling more rapid, iterative, and collaborative development.

Applications can be rapidly built, seamlessly deployed and easily changed—all without the need for low-level coding. In addition, these platforms provide an excellent communication mechanism to align business and IT stakeholders, thereby ensuring greater software quality and more successful business outcomes.

The next step for IT and business leaders is to evaluate platforms carefully and choose the approach that meets your organisation’s needs, now and in future.

Source : information – age

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