The lab will offer all-around support for enterprise customers and leverage the IoT and AI technologies to further the digital transformation
Tech giant Microsoft Corporation announced that it has opened an artificial intelligence (AI) and Internet of Things (IoT) Insider Lab in Shanghai to support digital transformation across industries. This is the fourth and the largest such Insider lab run by Microsoft across the world.
The lab is located in the Zhangjiang Hi-Tech Park of Pudong New Area and in a 2,800-square-meter building. The lab is set up in association with the state-run Zhangjiang Group.
The lab will offer all-around support for enterprise customers and leverage the IoT and AI technologies to further the digital transformation that is taking place across various industries such as manufacturing, healthcare, retail, finance and urban construction, the company said.
As the first batch of enterprises of empowerment in the lab, 30 Chinese and international businesses have been chosen out of around 300 applicants. These include start-ups as well as multinational corporations like Pan Asia Technical Automotive Center Co., Ltd and ABB Engineering (Shanghai) Ltd.
Providing support to enterprises
The lab will offer support for the enterprises in the coming 3-6 months, providing software and hardware resources, cloud services and access to Microsoft ecosystem, it stated.
Commenting on the development, Alain Crozier, Corporate Vice President, Chairman and CEO of Greater China Region, Microsoft, said, “The combination and application of AI and IoT technologies are becoming the latest trends leading global digital transformation.”
Crozier further said, “A survey indicates that global IoT business will exceed 255 billion US dollars in 2022, and China will occupy nearly a quarter of it, which means a market with huge potentials.”
The lab is aimed at helping enterprises in bagging market opportunities that arise due to the technology innovations, he added.
The other three Insider Labs of Microsoft are situated in Redmond of Washington, Munich of Germany and Shenzhen of China.