Tuesday, 1 April 2025

Latest Developments in Artificial Intelligence of Bangladesh

 

1. AI Integration in Various Sectors

Bangladesh is making progress in AI adoption across industries such as telecom, finance, and retail. Companies like Intelligent Machines (IM) have successfully implemented AI solutions, improving business efficiency. For example, Unilever used AI-powered Fordo for precision marketing, achieving a 260% increase in performance, while bKash saw a 15% rise in monthly onboarding due to AI-powered automation. Additionally, Telenor reduced its KYC costs by 92.5% using AI-driven document verification tools​


2. Bangladesh’s AI Policy and Regulations

The Bangladesh government has drafted a National AI Policy that aims to guide AI development in 10 key sectors, including finance, education, and climate change. The policy emphasizes ethical AI use, data governance, and skill development, along with the establishment of a National AI Center of Excellence

To regulate AI usage, the government is also working on the AI Act 2024, which is expected to be finalized by September 2025. The law aims to address AI risks while promoting innovation and aligning with the country's Smart Bangladesh Vision 2041

3. Challenges in AI Adoption

Despite progress, Bangladesh faces challenges such as a lack of digital infrastructure, AI skill shortages, and limited data governance frameworks. The country's AI Preparedness Index score (0.38) is lower than that of regional competitors, indicating the need for faster workforce development and regulatory improvements

4. Future Prospects

Experts believe that investing in AI education, research, and policy implementation can position Bangladesh as an AI-driven economy. Successful execution of AI strategies could enhance productivity, attract investments, and drive innovation​

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