Cognitive India: How AI is transforming Indian business, economics and engagement
India is uniquely positioned to succeed in the artificial intelligence (AI) economy. By dramatically expanding human capabilities, AI has the potential to amplify – perhaps exponentially – India’s demographic advantages. With 10-12 million new workers joining the Indian labor force every year, the leverage that can be provided by AI-augmented productivity expansion is little short of remarkable.
Vikram Chandra, Consulting Editor, NDTV asked some industry stalwarts their views on Artificial Intelligence (AI) at the Think Dialogue held at the sidelines of the IBM Think Summit. It is interesting to hear diverse views from Harmeen Mehta (Bharti Airtel Ltd), Antony Jacob (Apollo Munich Health Insurance) to Bhaskar Bhat (Titan) among others on ‘Leadership in the era of AI’.
Data privacy, sovereignty, and residency are some of the pertinent issues that are just not weighing on the large corporates only- they have kept the tech vendors on their toes as well. Increasing concerns around data privacy and governance have forced them to design solutions that measure up to the customers’ expectations as well as address such issues at hand.
The cloud has not only made computational power more accessible and affordable than ever before, but also made the application of AI to data a reality. Pioneering technologies like blockchain and quantum computing are fast becoming viable before our eyes.But these smart tools won't count unless they can be applied to our businesses and industries, our schools and stores, to farms and pharmacology, to our banks and energy grids. Smart doesn't matter until it's put to work where it matters.
Applying smart technology takes expertise in industry, in regulations and workflows, in enterprise-grade security. It might not be the most glamorous work -- among the nuts and bolts of manufacturing, amid the paper trails of supply chains or the underbelly of the stock exchange -- but, if together, we can put smart to work we can change how businesses, industries, and so the world, works.
Incumbents Strike Back – Insights From the Global C-suite Study
We have come a long way from the early days of the Internet and the world has witnessed a transformation at unprecedented levels. However, the way to the future is not always clear. As winner-takes-all organizations rise, an ecosystem of collaboration is flourishing as well. Organizations are not lying in wait for the ‘next big thing’. They are looking to reinvent and champion change even as they recognize that the status quo is working well.
In this third cross-C-suite Study and the 19th edition in the ongoing series of CxO studies, the IBM Institute for Business Value (IBV) presents its key findings of CxO insights, experiences, and sentiments about the future of the industry and the landscape as it evolves. The C-suite is evenly divided on whether the focus will shift in the future from established market or new ones. They observed that there is a retreat to emphasis on proprietary innovation rather than those sourced externally. Yet, they also note that there is increased space for collaborative innovation.