1. Could you tell us more about the AI innovations you are bringing to the show?
The product to be introduced at the AI Innovation Exhibition is ‘ExRBM’, a predictive maintenance solution that can optimally manage facilities.
ExRBM is a solution that collects data in real time through sensors attached to equipment and detects abnormal conditions in equipment in advance and informs managers at the early stage of a defect before a failure occurs through an automatic diagnosis and analysis function using artificial intelligence technology.
In particular, by combining big data analysis technology and artificial intelligence algorithms with facility defect pattern data accumulated over 38 years, it automatically diagnoses facility defects in real time, predicts failures, and even suggests countermeasures. In addition, by combining augmented reality technology, the response ability of field managers was further improved.
This technology represents a revolutionary approach to equipment and asset management as conventional monitoring systems merely notify the user of facility abnormalities. ExRBM has been recognized and awarded with both the Special Award, from Saudi Inventors Association along with the Gold Award at the International Invention Exhibition in Geneva, Switzerland.
ExRBM is composed of a user-friendly UI so that facility managers can easily understand and make quick decisions. Furthermore, in an independent diagnostic reliability performance test by the accredited agency, Korean Testing Laboratory (KTL), ExRBM measured an accuracy rating of 98.3%.
This technology is highly essential, especially in critical national infrastructure plants such as manufacturing companies, power plants, and petrochemical facilities, where a shortage of specialised personnel can lead to production disruptions when facility malfunction occurs.
2. How do you envision generative AI shaping the global economic landscape, and what repercussions might it have on individual regional markets?
Generative AI will bring new changes to the global economic ecosystem, and companies that utilize Generative AI have the technical ability to overcome the shortage of skilled labour, have faster decision, and overcome various problems. As a result, they can secure a Strong Competitive Edge as compared to those that do not use Generative AI.
In the case of South Korea, the fusion of K-content and Generative AI will lead to global interest and popularity, and Regional Tourism Businesses will also see a rapid increase in growth rate compared to existing business forms.
3. As we look towards a sustainable future, what pivotal role do you see AI startups assuming across different global regions?
AI startups will play a leading role in various industries as well as various global regions. AI startups that have secured Generative AI technology will stand out in all industries, including advertising, content development, video production, and customized tour guides, and partnerships between companies with AI technology and Cloud technology and Companies with Specialized Stores will change the Market Landscape.
4. How can emerging AI solutions bolster the potential of new startups, and could this pave the way for the emergence of future industry giants or "unicorns"?
The artificial intelligence technology that can significantly enhance the potential of startups is, without a doubt, Generative AI. Because startups must quickly and actively respond to customer demand, this is not possible with existing artificial intelligence technology (Analytical AI). In addition, in order to increase customer satisfaction, professional knowledge is needed to evaluate and verify the areas and results desired by customers.
In the case of ExRBM, FutureMain's artificial intelligence facility management system, when a customer intends to implement ExRBM their own facility management system, our team of facility analysis, artificial intelligence and process analysis experts collect and analyze data on target facilities through on-site surveys. We provide customers with the most appropriate facility management system. This improves the reliability of defect diagnosis through Fine-tuning ExRBM, to suit the Customer's Facilities.
If a startup develops Generative AI technology and secures expertise, customer satisfaction tends to be very high. This can, as a result, give the startup a strong competitive edge compared to other companies in the same industry, potentially leading to market dominance and becoming a unicorn company.
5. As AI startups continue to innovate, what transformative effects are you observing in the realm of cybersecurity? Are there potential pitfalls in this rapidly advancing AI-centric landscape?
Cybersecurity is pivotal in AI startups. As personal information can be exposed and cybercriminals can manipulate data to distort software or images, robust security measures are essential.
In order to respond to possible cyber threats, AI Startups are configuring ‘’AI Red Team’’. This involves creating virtual adversaries to test security systems against potential cyber threats and then enhancing the system’s defenses to counter these attacks. Through this simulation, vulnerabilities in security can be addressed, and a better understanding of the various attack methods employed by cybercriminals can be gained. This knowledge can furthermore be used to develop new defense strategies.
6. As AI startups strive for mass adoption of their solutions, what ethical concerns do you foresee as being most pressing?
When AI startups strive to adopt a solution, especially one involving generative AI technology, they must pay significant attention to ethical issues. AI startups utilizing generative AI in the production processes of computer applications, video creation, and animation, among other complex tasks, can enable the technology to complete the tasks without human supervision. This can potentially lead to biased or distorted outputs, making human intervention necessary and the need for validation of accuracy paramount.
In the case where AI startups actively utilize AI technology, it can surpass human capabilities and significantly transform the nature of work and roles within the organization. This could potentially result in certain human roles and job functions being replaced. It is crucial for businesses and society to carefully consider the ethical and societal implications of adopting AI and to plan for a future where AI and humans can coexist and complement each other effectively. Therefore, it can cause various problems, including various ethical and legal issues.
In summary, the most urgent ethical issues for AI startups are factitiously produced or altered outcomes, and the potential elimination of jobs.
Get in touch with Expand North Star Press Office at firstname.lastname@example.org for media inquiries