BIG DATA & AI: TRENDS TO GET EXCITED ABOUT
In the last part of the #futureeconomy series on Singaporean entrepreneurs and businesses, we speak to Richard Eu, CEO of Eu Yan Sang – a Traditional Chinese Medicinal (TCM) business that has embraced modern technologies to transform itself in the future economy.
Read on to find out why Richard chose entrepreneurship, which trends he’s excited about, and why it’s important for Singaporeans to visit museums and art galleries.
1. What’s the one health supplement you can’t live without?
2. Why entrepreneurship?
It’s challenging and fun. The path is not easy. You may encounter more interesting, funny, frustrating, weird and, most of all, educational discoveries along the way.
3. What are the trends you’re most excited about?
Big data, Artificial Intelligence, Personalised Medicine.
These trends will move the practice of modern “scientific” medicine closer to the way that traditional medicine has been practised and will allow the different modalities to work together.
4. In your opinion, is expanding overseas critical for growth?
For Singapore companies, yes, because our domestic market is small.
5. Where do you see your business in 5-10 years?
Hopefully all over the world!
6. What’s one skill Singaporeans should pick up today?
Visit museums and art galleries more!
We need to learn to appreciate the arts and also to form opinions and articulate them. This is important to learning critical thinking skills.
7 What’s the best advice you’ve ever received, and what’s one piece of advice you’d give to young Singaporeans?
If you want to keep something, you’ve got to be able to give it away.
8. If you could, what’s one thing you’d do differently?
I wish I would have stuck to my piano lessons longer, as I enjoy music and I could have done with more formal training.
More inspiring stories here.