LG aims to adopt next-generation technologies

Globally, LG said it aims to adopt next-generation technologies like artificial intelligence (AI), machine learning, big data and more in business and management practices whilst expanding collaborative efforts with other organizations. “LG’s exclusive deep learning-based AI technology is in line with the company’s efforts to speed up the release of new products with the latest and most innovative technology”.

While keeping up the momentum within the AI led technology and products, LG’s CLOi Robot which made its debut appearance at the recently concluded LG MEA Innofest 2018 drew spurring interest from attendees with high excitement and anticipations, LG said.

LG Electronics also announced the creation of ThinQ brand to identify all of its 2018 home appliances, consumer electronics and services that utilize artificial intelligence. LG ThinQ products and services will all have the ability to employ deep learning and communicate with one another, utilizing a variety of AI technologies from other partners as well as LG’s own AI technology, DeepThinQ, the multinational company said.

According to a recent report by IDC, the MEA spending on cognitive and AI Systems is expected to pass $ 114 million by 2021, LG said in a statment.

“Furthermore, according to the 2017 World Economic Forum’s Global Shaper Survey, young people in the Middle East and North Africa expect the Fourth Industrial Revolution to have a significant impact on their working and daily lives, while many are comfortable about living in a future where robots work and exist alongside humans”.

“The advancements in AI and robotics are expected to transform lifestyles and industries around the world, ultimately improving humankind’s experiences from reducing repetitive tasks at home or work to even eliminating age-old malignant practices which is why significant investments will be made in this area,’ said  Kevin Cha, President LG Electronics Middle East & Africa, in the statment.

“We are confident that as the years progress, consumers in the region will see significant value brought to their lives by our AI enabled electronics and home appliances making it extremely fruitful for both  as well as our retail and distribution partners”, he added.

The purpose of the ThinQ brand is to highlight that LG intelligent products are always thinking of you in order to make your life better. With AI being at the next frontier in technology, LG is working towards making AI more approachable and less intimidating, he said.

DeepThinQ 1.0 was developed last year with the establishment of LG’s Artificial Intelligence Lab in Korea to accelerate research into AI. The platform enables easy integration of AI into a wider range of products, allowing LG product developers to apply deep-learning technologies to future products. In line with the open strategy of its recently announced AI brand ThinQ, LG products developed with DeepThinQ – from mobile devices to home appliances – will deliver a comprehensive user experience by linking a host of technologies and solutions to its state-of-the-art AI platform.

“LG is committed to enhancing its portfolio of products with AI,” added  Derek Sim, Marketing Director, LG Electronics, Middle East & Africa. “Globally our mission has always been to add value to people’s lives and we strongly believe that investing in emerging technologies will significantly contribute to this goal. We are excited about what the future will bring and we look forward to how we can assist our valued customers become even more productive and efficient in their daily lives.”