If data is the new oil, then artificial intelligence (AI) is the refinery, says Michael Zeller, Head of AI Strategy and Solutions at Temasek.

With the rise of Industry 4.0, the integration of AI into business processes has the potential to not only improve efficiency but also drive better business decisions, he says. For an investment company like Temasek, this means it can lead to more precise investment decisions — and even new business opportunities. Zeller shares his thoughts on the various applications and opportunities in AI.