Follow-up Measures for the Three Data Laws Established... Launch of the 'AI and Big Data Industrial Intelligence Forum'

[Asia Economy Reporter Kim Bo-kyung] The Ministry of Trade, Industry and Energy has launched the 'AI·Big Data Industrial Intelligence Forum' to prepare policies for utilizing AI and big data in industry following the passage of the 'Data 3 Act.'

On the 14th, the Ministry announced in a press release, "Under the chairmanship of Kim Yong-rae, Director of Industrial Innovation Growth Office, the 'AI·Big Data Industrial Intelligence Forum' was launched with data experts from various fields such as manufacturing, standards, trade, and distribution," adding, "We will accelerate the preparation of follow-up policies to apply AI and big data to industry."

Industrial intelligence refers to the introduction of AI and big data across industry and energy sectors to create effects such as high value-added products and services and innovation in manufacturing processes.

The forum was newly established under the recognition that the government and industry must actively play roles to enhance economic vitality by applying AI and big data throughout the industrial value chain.

Forum participants agreed that utilizing industrial data and AI will not only improve the efficiency of manufacturing production methods but also enable innovation across the entire value chain, including R&D, design, procurement, distribution, and marketing.

To achieve this, they exchanged opinions on necessary improvements in systems related to industrial intelligence, such as data collection, sharing, linkage, trading, dissemination, and standardization, as well as international cooperation and trade response measures.

The Ministry plans to invest 164.2 billion KRW to continuously strive for data supply and linkage by industry and focus on policies related to digital trade and international standardization to support companies in smoothly utilizing industrial data.

A Ministry official stated, "We plan to regularize the forum in the future to continuously use it as a platform for discussions on applying AI and big data to industry and to promptly establish concrete strategies for promoting industrial intelligence."

This content was produced with the assistance of AI translation services.