South Korean companies use AI and Big Data to manage agricultural and fishery products. Customs support blockchains.
【Published by Lai Hong Chang】
Yonhap News Agency reported that the South Korean business company “Korea Agro-Fisheries & Food Trade Corporation (see photo)” announced on the 20th that it will use big data and artificial intelligence (AI) to effectively manage the supply of agricultural and fishery products. . The company said it will test advanced product management systems based on big data and AI this year to improve the forecast accuracy of agricultural and fishery product prices.
The new system will use data from relevant agencies such as agricultural cooperatives, state-owned agricultural research institutions and Korea Export-Import Bank to adjust the supply of major products.
South Korea’s Vanguard reported on March 7 that Korea Customs Service said that in response to the increasing volume of trade and e-commerce processing, advanced technologies including AI, big data and blockchain will be adopted in the future. According to the statistics of the Korea Customs Service, there were only 3 million trades (including imports and exports) in 1990, and 27 million last year.
Customs will establish an AI customs clearance system to enhance the screening rate of high-risk illegal items through deep learning techniques. In addition, the Korean Customs will also strengthen border surveillance through smart CCTV and drones.
The European Commission launched an action plan on March 8 on how to fully grasp the potential business opportunities related to financial technology innovation. The European Commission said that Europe should become the center of the global financial technology (FinTech), EU companies and investors should be able to take advantage of the vast majority of the advantages of this market in this fast-growing industry. The latest release of the action plan hopes to enable the financial sector to build fast-growing trains with new technologies such as blockchain, AI and cloud services.
The Information and Software Services Division of the Ministry of Industry and Information Technology of China announced on March 12 that it is currently conducting a special study on the preparation of the National Blockchain and Distributed Accounting Technology Standardization Technical Committee. The Information and Software Services Division will actively promote related work and accelerate the establishment of the Standardization Committee to provide better services for the development of the blockchain technology industry.
The Financial Times reported in January that Hyundai Motor Group plans to invest 23 trillion won (equivalent to US$21.56 billion) in new growth drivers such as electric vehicles, self-driving cars and AI in the next five years.
Gartner, Inc. pointed out in January that global information technology (IT) spending is expected to grow 4.5% to $3.7 trillion in 2018. According to John-David Lovelock, vice president of research at Gartner, digital business, blockchain, the Internet of Things (IoT), and progress from big data to algorithms, machine learning, and AI will continue to be the main drivers of growth.
■ Source: Moneydj
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