Artificial intelligence (AI) is no longer fancy jargon for enterprises across the globe. According to research firm Gartner, AI-derived business value will hit the USD 3.9 trillion mark in 2022.
India too seems to have bitten into the AI pie. For a growing economy with the second-largest population in the world, AI has the potential to be the biggest enterprise disruptor for India Inc. A 2017 IDC survey of 194 Indian businesses (large and very large IT end user organizations across BFSI, TMT, manufacturing, retail, professional and healthcare services) revealed that AI has already captured the interest of IT leaders across the country.
According to the survey, nearly 70 percent of organizations are expected to deploy AI in 2019, with telecom, media, tech and BFSI already leading the pack. Whereas, retail, professional services, manufacturing (including auto) are expected to catch up with the early adopters.
Rajeeb Hazra, Corporate VP, Data Center Group, Intel Corporation, explains, “Artificial intelligence is a set of tools that have an unparalleled ability to generate insights for businesses. Data in the data centric age is a huge asset for organizations. The CIO’s chief concern has been to make sure that procuring, storing, moving and computing the data is done efficiently – and more importantly in a secure manner.”
Top Trends for 2019: Rajeeb Hazra
Innovation in AI algorithms
Specialized Silicon in compute and system architecture
Critical AI software on open source
Hybrid Cloud & Multi-Cloud Orchestration
If data is the next oil then it is coming to the surface faster than before. “I see AI as the transformer that takes that oil and generates insights not just at a rate, but also at a depth and level that wasn’t possible before,” he adds.
The Fintech revolution, ‘Digital India’ vision, and the connected era will keep adding to the volume of data being generated across verticals. This gives enterprises the opportunity to take advantage of the innovation momentum enabled by tech. Hazra agrees, “The applications of AI vary across verticals, industries and geographies. This is what we at Intel are excited about. The ability to participate and not just push technology rather new innovations forward to drive new ecosystems so AI can be democratized.”
The AI-driven future
With machine-led algorithms and sophisticated software at play on AI platforms, the analytics engine and its ancillaries require an IT infrastructure that is super agile, highly robust, secure and scalable.
Intel has been at the heart of innovative technologies including next-gen in-memory processors, to empower organizations on their digital transformation journey in the era of multi cloud and multi layered IT ecosystems. “Intel has an unparalleled set of assets - the silicon technology, product architecture, and most importantly the ability in the AI field to partner with customers and end users to create solutions and evolve according to their needs,” highlights Rajeeb.
More than two-thirds of organizations in India are expected to deploy machine learning with BFSI, telecom, retail and media sectors taking the lead by 2020.
In 2019, you will see a proliferation of AI algorithms in real business cases, he mentions. There will be a rapid growth in compute and system architecture to support that. And this journey has already started with specialized silicon. “The landscape of computation fabric will continue to expand. At Intel, it is called the CPU + XPU phenomena,” says Rajeeb.
Also, hybrid cloud will drive the multi cloud orchestration, according to Rajeeb. Having a multi cloud strategy will evolve with established players making it real in the enterprise space.
Additionally, blockchain too will be implemented in ways it was not intended initially. “I have high hopes for blockchain becoming a real addition to the way a collaborative, distributed infrastructure is prepared for the age of AI and data,” adds Rajeeb.