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TechVoice: Opportunities in AI Short and Medium Term

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AI as a field in not new but it was hampered with few Lull periods (AI winters) until back-propagation algorithm was invented that paved the way for present deep learning methodologies.  In spite of having solved the larger challenge of learning the network without handcrafting the features, the availability of data set was hindrance for large-scale deployments of AI. The dawn of internet and followed by the mobile revolution created much needed data for the algorithms. The reducing cost of computing and reducing cost of storage combined with recent development in the algorithms have made AI as a potential candidate to compare with Industrial revolution. In words of Andrew Ng, “AI is new Electricity”. Business wire mentions, “The artificial intelligence market is expected to reach USD...

3 Reasons for Opening the Doors of Automation in a Geopolitical World

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“Knock! Knock! “Who’s there?” “Pen!” “Pen who?” “..’pen the doors of automation before it’s too late.” Apologies, if I cracked a poor ‘knock knock’ joke, but hey, that seems to be the buzzword nowadays, isn’t it? It amazes me to learn that while I was taught subjects like Geography, Computer Science etcetera in school, the youth today will be exposed to skills like Data Science and AI. The Indian Government launched the Responsible AI for Youth Program making the AI revolution real easily accessible to government school students between classes 8 and 12. This move suggests that the doors for automation are wide open and will largely impact both the present and the future. According to a report by Cairn, automation and AI are likely to determine the international order for decades to come, ...

Automation , Aatmanirbharta (Self-Reliance) & Vada Pav (Indian Burger)

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Finding the New Deal in my Happy Meal My husband and I walked into the nearest Mc Donald’s store (in Pune) for a lazy Sunday binge earlier this year. It’s a large outlet and remains fairly crowded over the weekends. Primarily thronged by youngsters and children leaning over the billing counters asking for their favourite meals makes the store vibrant and cheerful. We noticed a change that day! The children who usually lined up at the billing counters, were lining up to explore the NEW automated ‘Order and Pay Here’ and pick up at the counter instead of bothering the man at the counter. Perhaps, the added fun element was swiping their parents’ card while making click choices for their meals themselves. They were becoming self-reliant (or aatmanirbhar) and automation only aided the aatmanirb...

Economic implications of AI – 2.5% hike in India’s GDP

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In my previous article on Conceptualizing AI as a General Purpose Technology, we talked about how we best understand the implications of AI by viewing it as a General Purpose Technology (GPT). This is the second article of the series and focuses on quantifying the impact of AI on Indian economy. The economic impact of AI-led innovations are not only being reflected as direct contribution to multiple sectors but also as indirect effects on productivity that GPTs trigger. Recent report by ICRIER, NASSCOM and Google on Implications of AI on the Indian Economy adopts a Solow model and finds a positive and significant relation between AI using firms and total factor productivity (TFP) growth. Source: Analytics Insights Econometric Estimation The report conceptualizes AI as a GPT, and since GPTs...

How AI and ML is Set to Transform Healthcare and Agriculture in India

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When the whole world seems to come to a standstill because of the COVID-19 pandemic, the two sectors that have become extremely critical are agriculture and healthcare. Agriculture is the backbone of any economy, and it has become all the more important during this crisis to keep the global food supply chain running smoothly to ensure that there is no food crisis. On the other hand, the healthcare sector is the most stressed out sector right now that is working hard to ensure the health and safety of the population. While technology has played a critical role in ensuring business continuity across various sectors, let us take a look at how the latest technologies like AI and ML are set to transform these two critical industries. AI in Agriculture The food crisis has plagued the world for l...

Conceptualizing AI as a General Purpose Technology

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AI’s true potential emerges from its ability to drive transformation across multiple sectors through diverse range of applications. Research suggests that we can best understand the implications of AI by viewing AI as a General Purpose Technology (GPT). AI as a GPT implies, that AI led innovations will be reflected not only as direct contribution in the sectors it is applied to, but also drive complementary innovations and spillover benefits across the economy. Source: Implications of AI on Indian Economy “For more than 250 years the fundamental drivers of economic growth have been technological innovations…… The most important general-purpose technology of our era is artificial intelligence, particularly machine learning.” —Erik Brynjolfsson and Andrew McAfee, 2018 Three critical fe...

How to Become a Collaboration Expert at the Workplace by Using AI?

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Online tools have transformed the way we work, innovate, meet, and collaborate. The current cloud applications have fully enabled teamwork to remote members, cut down blockades, and made collaboration simple. We recognize these benefits now, and we’re on the verge of tremendous growth with the guidance of artificial intelligence (AI) in the workplace. At present, AI is growing speedily. Thanks to the more massive, more structured data sets and improved computer processing power, machines are promptly learning how to learn, understand, translate complicated information, and make smart data-driven decisions. Intelligent machines bring in the latest smart automation to our personal devices and the workplace.   For our journey into how AI will improve collaboration, we concentrate o...

Towards an AI Revolution: OpenAI’s GPT-3 is a big leap forward

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Did you know AI can now produce poetry and write fiction? That is not all it can also generate CODE ! Isn’t that amazing ! OpenAI’s newest AI language model – GPT-3, is trending all over the internet! Source: Unite.AI Background Elon Musk and Sam Altman started OpenAI in 2015 to advance the state of the art of AI and to ensure AI was used for the human good. OpenAI recently released the third version Generative Pre-training Transformer (GPT) – GPT-3. They first described GPT-3 through a research paper published in May but last week rolled out a beta version access to a select set of people and its capabilities are mind blowing! What is GPT-3 and why is everyone talking about it? Here are some quick pointers to help you understand what GPT-3 is, and why it is a step towards an A...

Globotics: The future of work and workforce

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By Rohit Madhok, Vice President, Engineering, GlobalLogic India When Albert Einstein spoke of how the human spirit must prevail over technology, little did the world know that decades later this statement would hold true for the human race trying its best to stay relevant in the world of ‘Globotics’. This interesting term has kicked up quite a storm recently when globalisation expert Richard Baldwin wrote on the fast-paced effects of digital disruption and the need for humans to adapt to the inevitable transition. In simpler terms, Globotics refers to robotics in times of globalisation. Since liberalization in the late 90s, globalisation has been opening up new avenues in different parts of the world by bringing in innovations and machines into a world that was striving to connect people a...

Role of AI in data-led digital transformation: 10 Key Takeaways from #TwitterChat

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AI is transforming businesses and organizations across various industries are harnessing the power of AI to automate mundane, time-intensive tasks to make data-driven decisions and improve operational efficiency. NASSCOM Insights hosted a Twitter Chat via @NasscomR on 16th June, 2020 and it witnessed huge success. The theme of the discussion was “The Role of AI in data-led digital transformation” and the invited guests were Dr. Reema Aswani, AI Research Specialist, NASSCOM Research, Vijay S Bhaskaran, Partner Intelligent Automation Leader, EY and Rimjhim Ray, Co-Founder, Spotle.AI. Here are my key takeaways from the Twitter Chat Accelerated growth in organized retail and e-commerce will bring AI-led disruption opportunities Indian Retail is one of the top five retail markets in...