Busan City Launches Demonstration for AI Network Infrastructure Technology Development... Promoting Smart AI-Based Network Intelligence

Demonstration of Autonomous Network Infrastructure with Korea Electronics and Telecommunications Research Institute

83 Billion KRW of Government Funding by 2025, Impact Since 2017

Conceptual Diagram of On-site Construction and Verification of Network Intelligence Framework.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] An AI network infrastructure technology development demonstration project will be promoted in Busan.

Busan City (Mayor Park Hyung-jun) announced on the 24th that the project "Development of an On-Demand Data-Based Network Intelligence Framework Technology," jointly applied with the Electronics and Telecommunications Research Institute (ETRI) for the Ministry of Science and ICT's "2021 Information and Communication Technology Development Project" contest, has been selected.

With the purpose of developing core technologies for "AI-based networks," a transformative technology that can prepare for the future society such as the advancement of the AI industry and smart city services, a total of 8.9 billion KRW (8.3 billion KRW national funds, 0.6 billion KRW private funds) will be invested over five years from this year to 2025.

▲ Technology development including network AI data collection protocols, monitoring, and data analysis ▲ Promotion of domestic and international standardization for network AI data transmission and processing technologies ▲ Technology demonstration and network AI big data disclosure on Busan Information Highway, Busan City's private network will be carried out.

It is expected that economic ripple effects will occur after 2027, following the five-year technology development period (2021?2025) and one year of commercialization.

With the verified AI data disclosure, IT companies in the Busan area are expected to secure technological competitiveness in network management and analysis solutions, providing opportunities to enter the global market.

The global AI network software solution market is projected to grow at an average annual rate of 22.7%, from 2.4 billion USD in 2027 to 8.1 billion USD in 2033.

Mayor Park Hyung-jun of Busan said, "Through collaboration with ETRI, the nation's top ICT research institute, we will establish the foundation for building and activating next-generation intelligent networks by demonstrating AI network infrastructure technology. Through this, we will also expand the discovery of new AI industries and services and job creation to achieve the goal of an 'AI-based smart city.'"

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