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Alan Qi, @HuaweiCloud1, outlines the rate of digital transformation in the region and the challenges that could slow the rate of enterprise AI adoption.
Read the full interview below.
https://www.tahawultech.com/features/huawei-cloud-president-outlines-their-efforts-to-leverage-ai-technology/
#HuaweiCloud #AI #tahawultech
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Gulf Business
23 minutes ago
- Gulf Business
Think big, start small, iterate often: A practical guide to setting up successful AI projects
Image: Supplied While AI and generative AI are top tech priorities for companies in 2025, with This is often due to a lack of clear purpose, unrealistic expectations, or a fundamental misunderstanding of AI's nature. Companies tend to jump into an AI project without identifying the problem that needs solving or with the misguided notion that AI is simply a more sophisticated form of automation. The twin pitfalls of overpromising and underdelivering are compounded when AI professionals lack the necessary project management skills to run a full-scale AI transformation project and when project managers treat AI projects like non-data projects. The high failure rates indicate the urgency for organisations to fine-tune their strategies and align goals between key stakeholders to position their projects for success. To drive value from AI, project professionals must identify the specific problem(s) they're trying to solve. This will help guide how they measure success – through savings in cost, time, and resources, or by improving compliance and user satisfaction. Data is the lifeblood of any AI initiative AI projects are not like traditional software projects. Data is the lifeblood of any AI initiative – and not just any data, but high-quality, relevant, and properly curated data. This means that project managers must take a data-centric perspective to better understand how that data drives outcomes. Using a framework that accounts for the unique demands of data-driven projects and provides clear processes and practices for data-heavy, iterative projects is essential. To do this, project managers must learn to ask the right questions to make a critical AI Go/No-Go decision. What problem are we trying to solve? Can this be solved through other methods such as automation or programming, or does it require AI? If AI solutions are required, what is the return on investment that we are targeting? To make the project viable and ensure a sound business case, robust data availability, and supporting technologies aligned to the project needs are key requirements. Other crucial deciding factors include establishing relevant KPIs that highlight key aspects of the project's impact; understanding how success is measured; availability of sufficient historical data; and recognizing the potential integration challenges within the organisation's existing systems. For successful AI project management, remember this key principle to guide your thinking: 'Think big. Start small. Iterate often'. Begin by focusing on a small but specific, well-defined problem. Look at the data available. Is it 100 per cent accessible and usable? Is it internal data? External data? How will you prep the data? Working with data you can immediately access makes it easier to iterate and move on to solving bigger challenges. In this way, the process is driven by business understanding but shaped by data understanding. The CPMAI methodology positions AI projects for long-term success as it turns the spotlight on people and processes, making these processes more iterative and adaptable. However, project management professionals must remember that a proof of concept alone is not enough. As AI solutions need to be trained on real-world data — rather than lab-controlled data -— building a small pilot project in the real world, using real-world data, with real-world users is what AI project leaders should aim for. This makes it easier to see how your AI solution works in the real world, allowing the team to monitor performance, gather feedback, and immediately address issues to make the model work and scale up based on the outcomes. No room for a 'set it and forget it' A key feature of all AI projects is that their lifecycles are continuous. Treating AI projects as one-time investments is setting them up for failure. In AI, there is no room for a 'set it and forget it' mentality as models require regular evaluation and retraining. Without this ongoing process of refinement, it can lead to misaligned ROI and poor or costly outcomes. My colleague, Hanny Alshazly, MD for the Middle East and North Africa at PMI, has described AI as 'a game-changer' in driving the success of the region's ambitious mega projects. 47 per cent of project managers in the MENA today utilise AI to predict and mitigate risks and AI-enabled performance monitoring is shrinking project delivery timelines by 20 per cent, demonstrating its impact on overall project outcomes. AI elevates the role of project professionals, making them strategic partners in ensuring the organisation's ability to implement AI-driven transformation. Project managers are responsible for adopting methodologies tailored to the unique challenges of AI projects such as iterative development, data-centricity, and real-world pilots. The project manager's pivotal role in a project's success makes it imperative to invest in their training and education to help organisations drive real business value from AI. Finally, we must remember that AI is not a replacement for humans or human intelligence. It's a tool that can augment human capabilities, enabling individuals to perform a task or function better, faster, or with more precision or accuracy. Decisions, at the end of the day, are still made by humans. For AI to have an enduring positive impact, it must be done responsibly. This means considering ethical implications, ensuring fairness and transparency, and protecting data privacy. We need to build AI systems that are not only intelligent but also trustworthy. Maintaining an always-learning growth mindset is key and will ultimately determine whether an organization thrives or falters in the age of AI. The writer is the director, AI Engagement and Community at Project Management Institute. Read:


Zawya
26 minutes ago
- Zawya
Sanad, AerCap Materials finalise $109mln engine, airframe component deal
NEW DELHI - Sanad, a global leader in aerospace engineering and leasing solutions and a wholly owned subsidiary of Mubadala Investment Company PJSC, has finalised one of the largest engine and airframe component sales with AerCap Materials, the materials arm of AerCap, the world's largest aviation leasing company. The agreement, signed during the IATA Annual General Meeting in Delhi, is valued at over AED400 million (US$110 million). It marks a significant advancement in aviation asset management, aimed at boosting component availability, improving operational efficiency and strengthening supply chain resilience. The transaction covers over 6,000 high-demand components across multiple lessees and aircraft platforms, including Airbus: A220, A320, A330, A340, A380; Boeing: 737, 777, 787; Embraer: E-Jet series. The portfolio includes both on-lease components supporting airline and Maintenance Repair and Overhaul operations worldwide, and off-lease components positioned to meet increasing demand. Its scale and immediate availability set a new benchmark for agile and efficient asset management. With global supply chain constraints continuing to affect operators, the deal ensures airlines have prompt access to vital components, supporting fleet reliability and business continuity. The agreement supports AerCap Materials' efforts to scale its aftermarket services, while enabling Sanad to streamline its portfolio and focus on strategic growth. Mansoor Janahi, Managing Director and Group CEO of Sanad, said, "This transformative transaction reflects Sanad's commitment to building a more resilient aviation supply chain and forging partnerships that deliver long-term industry value. With this partnership, we're extending access to critical assets while accelerating Sanad's next phase of growth." By integrating Sanad's inventory, AerCap Materials expands its global parts offering for the most widely operated aircraft types, reinforcing its role as a responsive and trusted partner for commercial operators. Aengus Kelly, Chief Executive of AerCap, said, "This acquisition strengthens our inventory and responsiveness, especially at a time of continued supply chain challenges. Partnering with Sanad allows us to scale faster and provide tailored solutions globally. We appreciate the trust Sanad has placed in AerCap and look forward to a long-standing collaboration." The partnership brings together complementary strengths, enhancing aviation service synergies and expanding international reach to meet evolving industry demands with greater efficiency and innovation.


Zawya
26 minutes ago
- Zawya
Ascott Grows The Crest Collection in East Asia and the Middle East, Extending the Brand's Heritage-Inspired Luxury Beyond Europe and Southeast Asia
Added new locations in Japan, China, the UAE and Saudi Arabia, including the brand's first resort La Clef Bangkok by The Crest Collection is set to open soon, bringing the brand's number of operating properties in Southeast Asia to four Launches The Crest Chronicles, the inaugural brand programme celebrating the unique heritage stories that define each property and enrich guest experiences SINGAPORE - Media OutReach Newswire - 3 June 2025 - The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (CLI), is accelerating the global expansion of its European-born luxury brand, The Crest Collection, in response to growing demand from luxury travellers for distinctive, heritage-rich stays. Over the past six months, the brand has gained strong momentum across East Asia and the Middle East, adding over 1,200 units from four new signings and one opening. The portfolio now comprises 16 properties with over 2,700 units, both operational and in the pipeline, across 11 countries and 13 cities. As a key brand within the Ascott Star Rewards (ASR) programme, The Crest Collection enhances the diversity of the ASR portfolio, offering members a broader range of luxury options and more opportunities to experience heritage-inspired stays around the world. Among the newest additions in East Asia is SEN/KA TOKYO by The Crest Collection, set to open in the second half of 2029, marking the brand's debut in Japan. Also contributing to growth in the region are two developments in China: Hong Yuan Hotel by The Crest Collection, which opened in Haikou, Hainan Province, at the end of last year, and a property slated to open by mid-2026 in Wuhan's Donghu New Technology Development Zone, commonly known as Optics Valley. In the Middle East, Al Mahra Resort by The Crest Collection – the brand's first resort and its debut in the United Arab Emirates – will open in early 2027, to be followed by the brand's first property in Saudi Arabia, opening in Riyadh in 2028. This expansion into East Asia and the Middle East builds on the brand's growing traction in Southeast Asia. La Clef Bangkok by The Crest Collection, set to open in mid-2025, will become the brand's fourth property in the region, following the 2023 debut of The Grand Mansion Menteng by The Crest Collection in Indonesia, The George Penang by The Crest Collection in Malaysia and The Robertson House by The Crest Collection in Singapore. Meanwhile, the brand's seven other operational and pipeline properties are located across Europe, where The Crest Collection was first established in 2016. Ms Serena Lim, Chief Growth Officer, Ascott, said: "Interest in luxury stays continues to rise in Asia and the Middle East, driven by travellers seeking meaningful connections to the region's rich culture and heritage. The Crest Collection meets this aspiration with its 'A Story Behind Every Door' brand promise, delivering culturally immersive experiences enriched by each property's distinctive identity, while enabling owners to tap into the strength of Ascott's global commercial ecosystem. Supported by our flex-hybrid model and multi-typology brand strategy, The Crest Collection is highly conversion-friendly, adapting seamlessly across serviced residences, hotels, resorts and other accommodation types. While recent signings highlight new builds such as the brand's first resort, its adaptability also makes it ideal for property conversions that enable swift time-to-market. By tailoring solutions to the unique demands of each location, our market-driven approach empowers us to respond to evolving traveller expectations with agility and deliver sustained value for owners." The luxury travel sector is projected to grow from US$1.4 trillion in 2024 to US$2.2 trillion by 2030, driven not just by affluence among the wealthy but also by younger travellers who are willing to pay top dollar for meaningful experiences[1]. With luxury travellers drawn to destinations that excite, along with surprising environments and experiences that speak to their individuality[2], it is clear that the true essence of luxury lies in celebrating unique stories rather than uniformity. Ms Tan Bee Leng, Chief Commercial Officer, Ascott said: "Curating experiences that resonate with the expectations of the most discerning travellers has become the currency of modern luxury. Our most affluent guests are seeking emotional connection, personal transformation and cultural resonance. By integrating heritage narratives with thoughtfully curated hospitality, The Crest Collection offers our guests a luxurious and storied experience rooted in the unique identity of each property and its locale. Defined not only by what is provided, but by what is remembered, every stay at a Crest Collection property reflects Ascott's boutique lens on luxury – one that nurtures individuality and crafts hyper-localised, distinctive experiences that engage all the senses. This approach allows us to offer timeless sophistication, elevated by bespoke touches that reflect the spirit of each destination. As The Crest Collection expands from Europe to Asia and the Middle East, we remain dedicated to redefining modern luxury through evocative, story-driven experiences that deliver meaningful moments with purpose and creativity." Distinctive Heritage Stories Shape The Crest Collection's Luxury Expansion With every addition, The Crest Collection reinforces its vision of heritage-inspired hospitality. Each property brings local culture to life through design, storytelling and immersive guest experiences. La Clef Bangkok by The Crest Collection, opening in mid-2025, is situated near Thong Lo BTS station on the historically significant Sukhumvit Soi 38. The 115-unit luxury serviced residence artfully blends French Art de Vivre with cherished Thai heritage, offering a range of premium amenities including a luxurious swimming pool, rejuvenating onsen, inviting residents' lounge and state-of-the-art fitness centre. Beyond easy access to upscale shopping destinations, vibrant entertainment venues and top-tier medical facilities, guests can look forward to a refined selection of studios and one- to two-bedroom apartments, each thoughtfully designed to embody the timeless elegance and rich legacy of its distinguished location. The upcoming SEN/KA TOKYO by The Crest Collection is part of the landmark Yaesu 1-Chome North District Type 1 Urban Redevelopment Project, located near Tokyo Station in the Yaesu district. The property's name pays tribute to its location, historically known as Gofuku-cho (Kimono Fabric Town) during the Edo period, once home to prestigious kimono fabric shops patronised by the shogunate and the Imperial Household. The district's rich heritage of delicate artistry and craftsmanship will be brought to life through the design and storytelling of this luxury hotel-in-residence, which features 92 guestrooms designed for both short and extended stays. Hong Yuan Hotel by The Crest Collection, which opened late last year in Haikou, China, draws inspiration from the city's historic role as a key gateway on the ancient Maritime Silk Road. Located in the Jiangdong New District of the Hainan Free Trade Port, the 261-key hotel blends Song Dynasty aesthetics with modern luxury. Guests are immersed in a richly storied environment – from copper screen partitions in the lobby and architecture echoing Song-era design, to Chinese paintings depicting maritime trade scenes in the restaurant, all reflecting Haikou's historic role as a hub of global cultural and commercial exchange. The upcoming property in Wuhan's Optics Valley will further grow The Crest Collection's presence in China, offering a narrative rooted in the city's academic and innovation heritage at the heart of a national high-tech development zone. Al Mahra Resort by The Crest Collection located on Marjan Island, Ras Al Khaimah, takes its name from the Arabic word 'mahra', referring to a young female horse – a symbol of youthful grace, strength and noble spirit in Bedouin heritage. Reflecting these qualities, the 539-key beachfront resort will blend Arabian heritage with contemporary design, offering guests an experience rooted in the UAE's rich equestrian and cultural legacy. The Crest Collection will also make its debut in Saudi Arabia when it opens in Riyadh, offering bespoke hospitality in the Kingdom's capital with a stay experience inspired by local culture. Strategically located on King Fahd Road and surrounded by key commercial and lifestyle hubs, the property will house a selection of accommodation options spanning elegant hotel rooms, serviced apartments, and suites, catering to both leisure and business travellers. Guests can expect access to an array of premium amenities, including specialty dining restaurants, a signature 'Reading Room' lounge and café, and comprehensive wellness facilities featuring a pool, gym, and treatment rooms. The property will also offer state-of-the-art meeting and multi-functional spaces. The Crest Chronicles: Showcasing Heritage and Hospitality at The Crest Collection Through a carefully curated series of activations spanning gastronomy, literature, architecture, art and performance, The Crest Chronicles brand programme brings heritage stories to life at each property within The Crest Collection. From culinary events that evoke the flavours of the past to literary legacies that immerse guests in historic narratives, this programme reveals the stories behind every door. In Paris, France, La Clef Champs-Élysées Paris by The Crest Collection, the flagship property that launched the brand, has hosted Cognac Heritage Tastings featuring three exceptional eaux-de-vie – Hennessy, A.E. Dor and Koya – offering guests a unique journey through fine cognacs and brandies inspired by the heritage of the former Hennessy family mansion, now home to the hotel. Meanwhile, history enthusiasts can explore the 1889 Exposition Universelle through a Literary Display opening mid-June in the lobby of La Clef Tour Eiffel Paris by The Crest Collection. At Hong Yuan Hotel by The Crest Collection in Haikou, China, guests can immerse themselves in the cultural richness of the Song Dynasty, the hotel's key design inspiration. Titled "The Four Refinements of the Song Dynasty", year-round activities include tea tastings, floral arrangement workshops, incense crafting, art appreciation and guqin performances. Complementing these experiences, a thoughtfully curated culinary menu inspired by the 24 solar terms of Chinese culture promotes health, relaxation and seasonal nourishment. Starting early June in Singapore, cocktail aficionados can toast to the rich history of The Robertson House by The Crest Collection through a series of cocktail workshops that tell the story of the locale with expertly crafted spirits. Discover more about The Crest Chronicles at Hashtag: #TheAscottLimited #Growth The issuer is solely responsible for the content of this announcement. About The Ascott Limited The Ascott Limited (Ascott) is driven by a vision to be the preferred hospitality company, enriching global living with heartfelt experiences. With a portfolio of over 990 properties across 230 cities in over 40 countries, Ascott's presence spans Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA. Its diverse collection of award-winning brands includes Ascott, Citadines, lyf, Oakwood, Somerset, The Crest Collection, The Unlimited Collection, Fox, Harris, POP!, Preference, Quest, Vertu and Yello. Ascott specialises in managing and franchising a wide range of lodging options, including serviced residences, hotels, resorts, social living properties and branded residences, catering to the varying needs and preferences of global travellers. Through the Ascott Star Rewards (ASR) loyalty programme, members enjoy exclusive privileges and curated experiences, enhancing every aspect of their travel journey. As a wholly owned business unit of CapitaLand Investment Limited, Ascott generates fee-related earnings by leveraging its expertise in both lodging management and investment management. It also drives the expansion of funds under management by growing its sponsored CapitaLand Ascott Trust and private funds. For more information on Ascott and its sustainability programme, please visit Alternatively, connect with Ascott on Facebook, Instagram, TikTok and LinkedIn. About CapitaLand Investment Limited Headquartered and listed in Singapore in 2021, CapitaLand Investment Limited (CLI) is a leading global real asset manager with a strong Asia foothold. As at 31 March 2025, CLI had S$117 billion of funds under management held via stakes in seven listed real estate investment trusts and business trusts and a suite of private real asset vehicles that invest in demographics, disruption and digitalisation-themed strategies. Its diversified real asset classes include retail, office, lodging, industrial, logistics, business parks, wellness, self-storage, data centres, private credit and special opportunities. CLI aims to scale its fund management, lodging management and commercial management businesses globally and maintain effective capital management. As the investment management arm of CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand Group's development arm. In 2025, CapitaLand Group celebrates 25 years of excellence in real estate and continues to innovate and shape the industry. As a responsible company, CLI places sustainability at the core of what it does and has committed to achieve Net Zero carbon emissions for Scope 1 and 2 by 2050. CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders. The Ascott Limited