Search
Register

Conceptualizing AI as a General Purpose Technology

|

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?

|

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...

How Corona Has Impacted Blockchain Payments?

|

Cryptocurrencies such as bitcoin are slowly making a transition from speculative investment instruments to payments. Special attention to payment habits and the financial life cycle as the COVID-19 pandemic leads to more calls for dematerialization of payments. Overview Impacts Geographic location matters significantly when measuring awareness of cryptocurrencies and interest in making cryptocurrency payments for goods and services. For customers, any transition from currency speculators to retail shoppers is not straightforward. And most consumers are not currency speculators. The acceptance cost for businesses will be significant, especially compared to alternative existing payment options. Companies accepting cryptocurrencies as payment for goods and services may benefit from short...

Top Considerations while Implementing Blockchain

|

If you are seeing technology making a difference in the startup ecosystem, you might have seen a lot of hype around Blockchain. Innovative characteristics of Blockchain- decentralization, immutability, transparency, and automation- can be applied to various industry verticals, thereby creating a multitude of use cases. Blockchain technology is still in its nascent phase and, while cryptocurrency platforms like Bitcoin and Ethereum have been in use since long, its adoption into the mainstream software industry has been limited. Having worked on Blockchain implementation for startups from various domains, I have tried to list down the top seven considerations while implementing a Blockchain in a product. On-Chain or Off-Chain One of the key architectural decisions while working on Blockchain...

Columnar Format in Data Lakes For Dummies

|

Columnar data formats have become the standard in data lake storage for fast analytics workloads as opposed to row formats. Columnar formats significantly reduce the amount of data that needs to be fetched by accessing columns that are relevant for the workload. Let’s look at how this is happening with an example. Analytical queries on stocks represent a multi-billion dollar business in the US because companies use these queries to understand sales trends, and understand stocks buying and selling patterns. Analytic queries mostly involve scans on the data. As an example, let’s try to query the average price for TESLA stock this year. TESLA is a popular stock and there’s going to be multiple records and the below scan will be a good way to evaluate this query. Select  avg(price) FROM STOCKD...

Implications of AI on the Indian Economy

|

AI’s transformational potential stems from its ability to lend itself to diverse range of applications across a range of sectors. The study is based on the understanding that the implications of AI can be best understood 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 any given sector, but also inspire complementary innovations and spill over benefits across the economy. The objective of this report is to estimate the impact of AI on Indian economy. The report also provides policy recommendations that can enable the sustainable growth of the AI ecosystem in India. These include actionable policy steps that are individually important to the implementation of a large-scale AI program. Report...

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

|

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...

NASSCOM CoE’s Manufacturing Innovation Challenge 2020: What innovation & collaboration looks like in 2020

|

The past five months have been a learning like no other. Every business, small or big, has been compelled to think out of the box to ensure their own survival. Specifically, the chatter around Industry 4.0 and building the factory of the future has sped up to become a decisive issue among industries today that determines their sustenance in the future. Pivoting to a digital-first strategy is imperative and the sooner companies adopt a digital-first strategy, the better off they are. Now this is easier said than done, of course. Industry leaders have a plethora of use cases, and are constantly on the lookout for solution providers. Meanwhile, tech startups today are highly competent and are working on a suite of digital solutions that are agile and scalable. However, they seek data and an o...

Globotics: The future of work and workforce

|

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

|

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...