While many U.S. companies have garnered attention for their involvement in the artificial intelligence (AI) boom, a new report by Morgan Stanley highlights the presence of “underappreciated beneficiaries” in the Asia-Pacific region. Among them, Japan emerges as a notable player with 53% of companies seen as AI beneficiaries—a close match to the United States’ 54%. Interestingly, this figure surpasses Europe’s 50% and the rest of Asia-Pacific’s 39%.
Morgan Stanley points out that tightening labor markets and the implementation of digitalization policies make Japan an underacknowledged opportunity for AI growth. In their analysis, AI beneficiaries can be categorized as both adopters and enablers, encompassing companies that utilize AI as well as those that facilitate its use for other organizations. The IT and communications sectors within Asia, along with emerging markets, were found to have the highest concentration of AI beneficiaries.
Financial institutions were also identified as well-positioned to adopt AI, with over half of the companies in this sector anticipating significant benefits within the next 12 to 24 months. The healthcare and health tech industries were also noted as potential AI beneficiaries. Conversely, sectors such as real estate, materials, and energy were found to have an “unknown” impact from AI, although the utilities sector may see an uptick in electricity demand to power AI servers and computing.
While AI enablers have demonstrated strong performance across all regions, the report suggests that companies in Asia-Pacific still lag behind their counterparts in Japan and the United States. To navigate this expanding landscape, Morgan Stanley has identified several names with the most potential for outperformance in the next year. These companies fall into the categories of AI enablers, adopters, or both, and are expected to thrive in the evolving AI ecosystem.
As the AI revolution continues to reshape industries worldwide, Japan and other Asian countries are positioning themselves as significant players in this rapidly evolving field. With increasing adoption and enabling capabilities, the Asia-Pacific region is poised to make significant contributions to the global AI landscape in the coming years.
Frequently Asked Questions (FAQs) about AI Beneficiaries in the Asia-Pacific Region:
1. Which region has a high percentage of AI beneficiaries according to a report by Morgan Stanley?
Japan emerges as a notable player in the Asia-Pacific region, with 53% of companies seen as AI beneficiaries.
2. How does Japan’s percentage of AI beneficiaries compare to other regions?
Japan’s percentage (53%) is close to that of the United States (54%). It surpasses Europe’s percentage (50%) and the rest of Asia-Pacific’s (39%).
3. Why does Morgan Stanley consider Japan an underappreciated opportunity for AI growth?
Tightening labor markets and the implementation of digitalization policies in Japan make it an underacknowledged opportunity for AI growth.
4. How are AI beneficiaries categorized?
AI beneficiaries are categorized as both adopters and enablers. Adopters refer to companies that utilize AI, while enablers facilitate its use for other organizations.
5. Which sectors in Asia have the highest concentration of AI beneficiaries?
The IT and communications sectors within Asia, along with emerging markets, were found to have the highest concentration of AI beneficiaries.
6. Which industries, besides financial institutions, are identified as potential AI beneficiaries?
The healthcare and health tech industries were also noted as potential AI beneficiaries.
7. Which sectors were found to have an “unknown” impact from AI?
Sectors such as real estate, materials, and energy were found to have an “unknown” impact from AI.
8. Are companies in Asia-Pacific lagging behind in terms of AI adoption?
Yes, the report suggests that companies in Asia-Pacific still lag behind their counterparts in Japan and the United States in terms of AI adoption and enabling capabilities.
9. Has Morgan Stanley identified companies with potential for outperformance in the next year?
Yes, Morgan Stanley has identified several companies with the most potential for outperformance in the next year. These companies fall into the categories of AI enablers, adopters, or both, and are expected to thrive in the evolving AI ecosystem.
10. How do Japan and other Asian countries position themselves in the global AI landscape?
Japan and other Asian countries are positioning themselves as significant players in the rapidly evolving field of AI. With increasing adoption and enabling capabilities, the Asia-Pacific region is expected to make significant contributions to the global AI landscape in the coming years.
Definitions:
– Artificial Intelligence (AI): The simulation of human intelligence by machines, which includes learning, reasoning, and problem-solving capabilities.
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The source of the article is from the blog papodemusica.com