AIQRATE in 2020 ….A walk to remember
“Enabling clients reimagine their decision making & accentuate the business performance with AI strategy in a transformation, innovation and disruption driven world”
In today’s fast paced & volatile VUCA world, leaders face unprecedented challenges. They need to navigate through volatility while staying focused on strategy, business performance and culture. Artificial Intelligence is fast becoming a game changing catalyst and a strategic differentiator and almost a panacea to solve large, complex and unresolved problems. To be an AI powered organization, leaders not only need to have a broad understanding of AI strategy, they need to know how and where to use it. AIQRATE advisory services and consulting offerings are designed to enable leaders and decision makers from Enterprises, GCCs, Cloud Providers, Technology players, Startups, SMBs, VC/PE firms, Public Institutions and Academic Institutions to become AI ready and reduce the risk associated with curating, deploying AI strategy and ensuing interventions and increase the predictability of a durable leader’s success.
In the age of the bionic enterprises, AI continues to dominate the technology & business landscape. Under the aegis of transformation, disruption and innovation, AI has several applications and impact areas which usher a new change in how we make decisions in the enterprise and personal spheres. Traditionally, human decisions are to a large extent based on intuition, gut and historical data. In the age of AI, several of our decisions will be taken by algorithms. Leveraging AI, the ability to mimic the human brain and the ensuing ability to sense, comprehend and act will significantly go up and will result in emergence of augmented intelligence in decision making. Enterprises, GCCs, SMBs, Startups and Government Institutions are attempting to harness the power of AI to change the way they do business. All these industry segments are looking at AI becoming the secret sauce behind making them gain a competitive advantage. If you have not started yet, you are already behind the competition, however large or pedigreed you might be.
So, where are you placed on your AI journey? At AIQRATE, we can guide you on your journey of understanding what AI can do for you, embedding it within your business strategy, functional areas and augmenting the decision-making process.
At AIQRATE, we are here to help you with the art of the possible with AI. Through our bespoke AI strategy frameworks, methodologies, toolkits, playbooks and assessments, we will bring seamless Transformation, Innovation and Disruption to your businesses. Leveraging our proven repository of consulting templates and artifacts, we will curate your AI strategic approach roadmap. Our advisory offerings and consulting engagements are designed in alignment with your strategic growth, vision and competitive scenarios.
We are at an inflection point where AI will revolutionize the way we do business. The paradigms of customer, products, offerings, services and competition will change dramatically; and being AI-ready will become a true differentiator. AIQRATE will be your strategic partner to help you to prepare for what’s next in order to stay relevant.
Wish you a great 2021!
Chief Executive Officer
Bangalore , India
AI led Algorithms can decide on how we need to emote, behave, react, transact or interact with an individual – Sameer with SCIKEY
AI led Algorithms can decide on how we need to emote, behave, react, transact or interact with an individual – Sameer with SCIKEY
In an exclusive interaction with SCIKEY, Sameer Dhanrajani, CEO at AIQRATE Advisory & Consulting, speaks about how the future of work will look like enabled by AI, and it’s contribution in building productive teams and the emerging AI trends to watch out for in Post COVID scenario.
“AI led algorithms can decide on how we need to emote, behave, react, transact or interact with an individual,” Sameer Dhanranjani
Sameer is a globally recognized AI advisor, business builder, evangelist and thought leader known for his deep knowledge, strategic consulting approaches in AI space. Sameer has consulted with several Fortune 500 global enterprises, Indian corporations , GCCs, startups , SMBs, VC/PE firms, Academic Institutions in driving AI led strategic transformation and innovation strategies. Sameer is a renowned author, columnist, blogger and four times Tedx speaker. He is an author of bestselling book – AI and Analytics: accelerating business decisions.
In an exclusive interaction with SCIKEY, Sameer Dhanranjani, CEO at AIQRATE advisory consulting, speaks about how the future of work will look like enabled by AI, and it’s contribution in building productive teams and the emerging AI trends to watch out for in Post COVID scenario.
Mr Dhanranjani, you have consulted with several Fortune 500 enterprises, GCCs also start-ups in driving AI-led strategic transformation strategies. What according to you, are the topmost strategic considerations to weigh for managing accelerating business in Post COVID world for a start-up?
The unprecedented times of COVID-19 have brought the aspect of decision making under consideration. This includes tactical, strategic, and operational decision making that is crucial to make the venture more sustainable. Today the use of artificial intelligence is quite high amongst organizations. It can be used by start-up ventures and other outfits to make decisions irrespective of the area that needs decision making.
Most decisions that need to be made strategically are being passed on to artificial intelligence-enabled interventions. The algorithm makes similar decisions based on the previous decisions taken. Algorithms can decide how we need to emote, behave, react, transact or interact with the opposite individual This advancement in AI brings the challenge for organizations to create products and services specific to each customer through hyper-personalization and micro-segmenting. However, it can also be considered as an opportunity for organizations to emerge from the pandemic with newer business models and experiences for customers. Start-ups, especially, can make use of such advancements to reinvent and rejuvenate the organizational ecosystem.
You are known for your passion for Artificial Intelligence and are an author to the bestselling book – AI and Analytics: Accelerating Business Decisions. Tell us where how can AI be strategically significant while building productive teams.
My experience has led me to deal with engagements in the entire value chain of HR, ranging from hiring to engagement to incentivization that has leveraged using AI. It is phenomenal to see how AI can help build, engage, and sustain productive teams. AI can help in hiring through the detection emotions, facial expressions, tone modulations of the interviewee through computer vision and image classification techniques.
In the creation of productive teams, AI can gauge the engagement levels of an employee. It tries to look at the various interventions made by an employee regarding their attendance, participation in virtual meetings, and propensity to ask and engage themselves in conversations. It also keeps in check the number of pauses, intervals, and breaks taken by an employee. Every aspect of the employee is being marked to see how productive, inclusive, as an individual and in teams.
What are the top 5 AI trends to watch out for in Post COVID the scenario of the next one year?
When it comes to AI, the first trend emerging is that AI is not a tool or a technology, but it is now being touted as a strategic imperative for any organization. This means that AI strategies will become an intrinsic part and feature of every organisation.
The second trend is the democratization of AI. There is a possibility of the emergence of an AI marketplace where virtual exchanges related to business problems, demo runs etc. can be conducted. One would actually be able to figure out which algorithm is best for them in customer experience, supply chain etc.
The third trend being the cloud will act as a catalyst for AI proliferation. The propensity for cloud providers to enable AI companies with possible aspects of microservice API’s, Product Solutions will be created on the go. This means that the cloud enablers will have options to see various possibilities specific to their organisation when it comes to AI-specific use cases.
The fourth trend is linked to skilling. AI today is a part of a lot of course curriculums. But what is missing is the whole aspect of how does it get applied? The new courseware will be focused on how is AI implemented, adopted in the organization.
The last fifth trend is decision-making enabled by AI, which means humans will have no option but to upskill and reskill themselves to take a more rational, pragmatic and sanguine approach. So new models, new emerging realities of decision making will emerge.
How is AI powering the Future of Work, what are critical considerations for business and tech leaders considering the rapidly changing business dynamics due to COVID?
The future of work will be about AI and what we call AI plus a set of exponential technologies. This means that every aspect of our performance interaction and our responses will be gauged very manually through these technologies. This indicates that the level of performances in terms of how we go up-to-date needs to be worked upon. The future of work is an ecosystem where one particular employer cannot do it all.
This means that if learning must occur through an external player, it must come through the ecosystem of co-employees and the employer. In the future, we will not be caged as mere professionals doing our job but will be encouraged to push our boundaries to explore more at work. At the same time, transformation, innovation, and disruption will be a part of the future’s performance metrics. They will become a major parameter for the organization to create a mediocre versus proficient employee or a professional. This is where the onus will fall on the employees to ensure that they are not just doing what is being called out, but are going beyond to create what we call a value creation for the organisation.
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Lock in winning AI deals : Strategic recommendations for enterprises & GCCs
Artificial Intelligence is unleashing exciting growth opportunities for the enterprises & GCCs , at the same time , they also present challenges and complexities when sourcing, negotiating and enabling the AI deals . The hype surrounding this rapidly evolving space can make it seem as if AI providers hold the most power at the negotiation table. After all, the market is ripe with narratives from analysts stating that enterprises and GCCs failing to embrace and implement AI swiftly run the risk of losing their competitiveness. With pragmatic approach and acknowledgement of concerns and potential risks, it is possible to negotiate mutually beneficial contracts that are flexible, agile and most importantly, scalable. The following strategic choices will help you lock in winning AI deals :
Understand AI readiness & roadmap and use cases
It can be difficult to predict exactly where and how AI can be used in the future as it is constantly being developed, but creating a readiness roadmap and identifying your reckoner of potential use cases is a must. Enterprise and GCC readiness and roadmap will help guide your sourcing efforts for enterprises and GCCs , so you can find the provider best suited to your needs and able to scale with your business use cases. You must also clearly frame your targeted objectives both in your discussions with vendors as well as in the contract. This includes not only a stated performance objective for the AI , but also a definition of what would constitute failure and the legal consequences thereof.
Understand your service provider’s roadmap and ability to provide AI evolution to steady state
Once you begin discussions with AI vendors & providers, be sure to ask questions about how evolved their capabilities and offerings are and the complexity of data sets that were used to train their system along with the implementation use cases . These discussions can uncover potential business and security risks and help shape the questions the procurement and legal teams should address in the sourcing process. Understanding the service provider’s roadmap will also help you decide whether they will be able to grow and scale with you. Gaining insight into the service provider’s growth plans can uncover how they will benefit from your business and where they stand against their competitors. The cutthroat competition among AI rivals means that early adopter enterprises and GCCs that want to pilot or deploy AI@scale will see more capabilities available at ever-lower prices over time. Always mote that the AI service providers are benefiting significantly from the use cases you bring forward for trial as well as the vast amounts of data being processed in their platforms. These points should be leveraged to negotiate a better deal.
Identify business risk cycles & inherent bias
As with any implementation, it is important to assess the various risks involved. As technologies become increasingly interconnected, entry points for potential data breaches and risk of potential compliance claims from indirect use also increase. What security measures are in place to protect your data and prevent breaches? How will indirect use be measured and enforced from a compliance standpoint? Another risk AI is subject to is unintentional bias from developers and the data being used to train the technology. Unlike traditional systems built on specific logic rules, AI systems deal with statistical truths rather than literal truths. This can make it extremely difficult to prove with complete certainty that the system will work in all cases as expected.
Develop a sourcing and negotiation plan
Using what you gained in the first three steps, develop a sourcing and negotiation plan that focuses on transparency and clearly defined accountability. You should seek to build an agreement that aligns both your enterprise’s and service provider’s roadmaps and addresses data ownership and overall business and security related risks. For the development of AI , the transparency of the algorithm used for AI purposes is essential so that unintended bias can be addressed. Moreover, it is appropriate that these systems are subjected to extensive testing based on appropriate data sets as such systems need to be “trained” to gain equivalence to human decision making. Gaining upfront and ongoing visibility into how the systems will be trained and tested will help you hold the AI provider accountable for potential mishaps resulting from their own erroneous data and help ensure the technology is working as planned.
Develop a deep understanding of your data, IP, commercial aspects
Another major issue with AI is the intellectual property of the data integrated and generated by an AI product. For an artificial intelligence system to become effective, enterprises would likely have to supply an enormous quantity of data and invest considerable human and financial resources to guide its learning. Does the service provider of the artificial intelligence system acquire any rights to such data? Can it use what its artificial intelligence system learned in one company’s use case to benefit its other customers? In extreme cases, this could mean that the experience acquired by a system in one company could benefit its competitors. If AI is powering your business and product, or if you start to sell a product using AI insights, what commercial protections should you have in place?
In the end , do realize the enormous value of your data, participate in AI readiness, maturity workshops and immersion sessions and identification of new and practical AI use cases. All of this is hugely beneficial to the service provider’s success as well and will enable you to strategically source and win the right AI deal.
(AIQRATE advisory & consulting is a bespoke global AI advisory & consulting firm and provides strategic advisory services to boards, CXOs, senior leaders to curate , design building blocks of AI strategy , embed AI@scale interventions & create AI powered enterprises . Visit www.aiqrate.ai , reach out to us at email@example.com )
Better business with AI
The Artificial Intelligence revolution in the enterprise is well under way. According to Gartner’s 2018 CEO and Senior Business Executive Survey, 65% of respondents think that AI will have a ‘material impact on an area of their business’. Due to the combination of three critical factors – improved data availability and machine learning techniques, increased computing power and storage, and a strong enterprise thrust on data-driven decision-making – AI has taken a strong foothold in some of the largest corporations in the world today, commanding executive-level interest, attention and urgency.
Beyond simple automation, AI is powering complex, critical decisions in several areas from Renaissance Technologies’ Medallion Fund, which uses statistical probabilities and quantitative models and has become one of the startling successes in the hedge fund industry, to complex image annotation and deep learning that helps radiologists detect cancer in MRI scans. Here is a look at some of the critical areas where AI is augmenting human decision-making:
As multiple countries grapple problems from an ageing population, rising healthcare costs and low doctor-to-patient ratios, AI can help improve healthcare outcomes in a variety of ways. For instance, AI is being leveraged for public health studies – from detection of potential physical or psychological pandemics to epidemiology – by mining social media and other data sources.
Further, startups and conglomerates are working on AI for diagnostics – from detection of early warning signals to identifying and quantifying abnormalities/tumours. In the pharma industry, AI is helping improve site studies, drug development and clinical trials through analysis of meaningful data.
A common AI use case for financial services is in the domain of fraud detection and anti-money laundering. AI can help surface bad actors by quickly scanning data for anomalous behaviour. Similarly, AI is also powering customer interaction decisions through intelligent chatbots that can address common concerns, thus reducing the need for human intervention in repetitive, menial tasks. We’re also seeing increased proliferation of robo-advisers – which are advanced AI tools that help make investment decisions by matching investible capital and returns expected.
The media and entertainment industry is going through an AI and digital disruption due to the combination of huge datasets and success of torchbearers like Netflix and Spotify. Content recommendation and personalisation are decisions that are autonomously delivered by AI, which can quickly scan a user’s history and match it with the preferences of similar users.
The industry is also relying on AI to make decisions around content creation, again taking a leaf out of Netflix to make content more engaging and sticky. There is also a strong use case of AI helping identify and attract customers by surfacing tailored content and promotions to increase subscriptions, loyalty and share-of-wallet.
Retail was one of the first industries to witness the rise of a data-powered competitor that eventually decimated incumbents. The brick-and-mortar retail industry is now incorporating AI in its decision-making process to replicate the customer experience expectations set by Amazon and the like.
Retailers leverage user purchase to identify next-best product and create tailored loyalty programmes. It is also being increasingly used for rapid experimentation to define store location, layouts and product-shelf decisions. Retailers can better anticipate demand, leading to leaner supply chains and warehouses, optimised inventory and fewer stockouts.
Manufacturing companies are bringing in AI interventions to run leaner supply chains to cut the cost of transportation and wastage. AI also enables them to better anticipate demand by looking at historical sales, current uptake and other business environment factors to run on-demand production.
Some AI-led decisions are pervasive across multiple industries. For instance, digital personalisation, ie, serving targeted promotions to customers based on their key purchase drivers, is a multi-industry example of AI in action.
The other is for detecting security threats through anomaly detection and video analytics to identify unauthorised entry. Human Resources is another function that is rapidly changing, with companies using AI to speed up talent acquisition by scanning resumes for relevancy and reducing attrition by identifying key drivers that lead to employees leaving.
Successful AI-led Decisions
The business value of AI is significantly lowered when performed ad hoc, without a strong foundational strategy. It is important that the organisation clearly defines the decisions that should be powered by AI to maintain a high standard of outcomes. The responses will differ from company to company and from industry to industry, but it is important that corporations establish transparent standards for fair use.
We see enough examples of hastily implemented AI, leading to calamitous consequences and companies can no longer hide by saying, ‘The AI made me do it’. To demarcate the clear go and no-go zones for AI, here’s a handy questionnaire to ask yourself:
– Do we have enough superior quality data now and in the future for AI to make the best decision?
– Do we need to bring in insights from multiple sources to contribute to the decision-making process at a speed and scale, which cannot be efficiently handled by human cognition?
– Is human decision-fatigue or bias currently creating a sub-optimal outcome in this area?
– Could there be ethical or moral implications to an AI-led decision that might lead to disastrous consequences?
We also need to address the confidence issues. For instance, a lot of executives look down upon some of the black-box processes performed by AI algorithms. We need to find a way to address these issues by creating a transparent trail of AI decisions and the reasons why AI took a decision. Even in unsupervised learning scenarios, a trail of decisions will not only boost confidence but will also help build better AI and better businesses.
Re-imagined AI-powered decisions will become de rigueur only by the quality of the outcomes they deliver. According to Dr John Kelly, SVP — IBM Research and Solutions portfolio, “The success of cognitive computing will not be measured by Turing tests or a computer’s ability to mimic humans. It will be measured in more practical ways, like return on investment, new market opportunities, diseases cured and lives saved.” This is a crucial way to look at and measure the impact of AI on our businesses, society and lives.
Top 10 Exponential Technologies Trends – 2019
Across the world of technology, we are seeing the proliferation of new age developments across software and hardware – titled “Exponential Technologies”. The term refers to a wide range of recent technology breakthroughs – Artificial Intelligence, Internet of Things, Cloud Computing, Augmented and Virtual Reality, Blockchain and the allied. They are collectively referred to as ‘exponential’ considering the humungous potential value that they could possibly add to business. As these technologies continue to mature in their development and adoption, the world is gaining a more concrete insight into the worth of these technologies and their use cases. 2019 will most certainly be the year where these technologies will go mainstream – and deliver exponential value to their proponents. With high investor interest (and money) riding on these new age technologies, I am confident that in 2019, there will be a high uptake in their commercialization. Here are the top10 trends that I foresee in 2019 in exponential technologies :
1. Blockchain Beyond the Hype
In 2018, there was no doubt a lot of excitement and buzz as technology vendors and investors started investigating blockchain and cryptocurrency. In 2019, expect blockchain to move beyond the hype and enter the mainstream. Gartner estimates that blockchain applications will create $3.1 trillion in business value by 2030. Over 2018, several tech-savvy businesses started their own experiments with blockchain in areas such as supply chain, which is ripe for a blockchain-powered disruption. Within blockchain, I foresee:
Increased collaboration between businesses and tech vendors to unlock the power of blockchain across multiple use cases. Given its immutable and decentralized nature, blockchain will be invaluable in sectors such as manufacturing, defense and financial services – and we will see innovative use cases coming out of these domains
Within blockchain, smart contracts specifically will gain immense traction. The business value of smart contracts is remarkably clear – they drastically reduce the time and effort for routine but lengthy paperwork processes, while maintaining the sanctity through a blockchain network
Due to the numerous crypto frauds seen uncovered in the last year, more and more sovereign governments will push legislation to regulate and establish clear rules around blockchain and cryptocurrency. I have no doubts that this will have a net positive impact – as it will demonstrably improve the consumer confidence and enterprise adoption for these technologies by laying down a clear legal framework for their use
2. 3rd Platform Technology to Accelerate Digital Transformation
A combination of social, mobile, data-driven decision-making and cloud infrastructure and processing is commonly referred to today as 3rd platform technology. In 2019, there will be no stopping the juggernaut of internal IT departments moving ever faster towards digital technology.
According to a research by IDC, it is expected that by 2023, 75% of all IT spending will be on such 3rd platform technology, with over 90% of all enterprises building “digital native” IT environments
Further advanced technologies such as distributed cloud, hyperagile app technologies and architectures, AI at the edge and AI-powered voice UIs will be central to how enterprises enable digital transformation using 3rd platform technologies.
This expansion in demand for 3rd platform technologies will be the outcome on increasing pressures on internal IT to become profit centers and unlocking new sources of revenue for the parent enterprise. Using easily scalable and replicable digital frameworks, early adopter IT departments would be able to commercialize this technologies to their competitors while giving their businesses critical competitive advantage
3. Quantum Computing to Come of Age
Quantum computing is a non-traditional form of computing operating on the quantum state of subatomic particles and representing information as elements denoted through quantum bits. The unmitigated rise in the development and permeation of quantum computing is the third key trend that I see for 2019. It is estimated that by 2023, 20% of organizations will carve out budgets for quantum computing projects, as opposed to less than 1% today.
With heavier software paradigms such as Internet of Things, Artificial Intelligence and blockchain achieving mainstream status, there will be large scale demand for quantum computing to come out of the shadows of academia and into business. Quantum computing will move well beyond a buzzword and will be part of multiple projects at an experimental scale at corporations.
Quantum Computing will succeed where traditional computing has failed, providing parallel execution and exponential scalability. Such systems will take on problems too complex for a traditional approach or where the latency for traditional algorithms would be untenable
Business leaders across multiple industries – automotive, financial, insurance, pharmaceuticals, military and research organizations – will see massive gains through the advancements in Quantum Computing .
4.Acceleration in the Pervasiveness of the Internet of Things
While Internet of Things has demonstrably hit mainstream status across industries such as consumer goods and retail, and use cases such as supply chain and logistics, we will see further acceleration in its adoption in 2019
IOT-enabled hardware devices will proliferate nearly all walks of human life. Devices from sensors, wearables, smart assistants and wearables will be a feature in everyday life for most individuals in the developed world and will be a key focus for powering digital transformation
With increasing demand for IOT-powered devices across use cases will definitively bring endpoint security into focus for enterprises. As IOT devices become the first frontier for communication with consumers through highly sensorized environments, we will see a rapid escalation in the adoption of endpoint security practices and software
To support this deep network of the Internet of Things will require an immediate focus on rapidly enabling 5G connectivity in 2019. Not having a robust underlying infrastructure to support IOT will be disastrous for businesses and individuals who will be highly reliant on it for their day-to-day activity.
5. Convergence of AI, Blockchain, Cloud and IO
Could a future software stack comprise AI, Blockchain and IOT running on the cloud? It is not too hard to imagine how these exponential technologies can come together to create great value. In 2019, I expect that we will see a strong spread of use cases that effectively combine these technologies.
Internet of Things devices will largely be the interface with which consumers and other societal stakeholder will interact. Voice-enabled and always connected devices – such as Google Home and Amazon’s Alexa will augment the customer experience and eventually become the primary point of contact with businesses
Artificial Intelligence frameworks such as Speech Recognition and Natural Language Processing are making huge advances. These will be the translation layer between the sensor on one end and the deciphering technology on the other end
Blockchain-like decentralized databases will act as the immutable core for managing contracts, consumer requests and transactions between various parties in the supply chain
Cloud will be the mainstay for running these applications requiring huge computational resources and very high availability. I expect more cloud vendors to come forward (Amazon and Google for instance already have) with specialized cloud frameworks to handle the torrent of requests that these type of applications would require.
6.New UI/UX Interfaces to Emerge on the Scene
To unlock and harness the true value of exponential technology it is incumbent that we do not rely only on existing paradigms of end-user interfaces such as web and mobile. We need to reinvent new paradigms and explore game changing new interfaces that will help usher better customer and user experiences.
Conversational platforms – ones which are primarily activated through voice and voice-recognition AI will conduct numerous exchanges on behalf of customers. Already we are seeing rapid adoption of conversational interfaces such as Google Home, Amazon Alexa and Apple’s Siri. These will only grow and prominence and entire CX use cases will be centered around these platforms
Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR) will be increasingly leveraged across a vast selection of topical use cases. Incorporating these alongside traditional interfaces will be crucial to delivering the future of an immersive user experience. According to Gartner, we will shift from thinking about individual devices and fragmented user interface (UI) technologies to a multichannel and multimodal experience.
These immersive experience-led interfaces such as VR and AR will become increasingly popular, with 70% of enterprises experimenting with such technology for consumer and enterprise use and 25% of organizations deploying it into production.
7.Edge Computing to become an Enterprise Mandate
Simply put, edge computing is a computing topology in which information processing, and content collection and delivery, are placed closer to these endpoints. For reducing the latency running AI algorithms and eventual response times, edge computing will become an enterprise mandate for use cases involving a convergence of IOT and AI.
In 2019, adoption of edge computing will be driven by the need to keep the processing power close to endpoints as opposed to a centralized cloud server. Having said that, edge computing will not necessitate the creation of a new architecture. Cloud and edge computing will complement each other. Cloud services will be charged with centralized service execution, not only on centralized servers, but also across distributed servers on-premises and on-the-edge devices themselves.
Five years down the line expect to see specialized AI chips, supporting greater processing power, storage and other advanced capabilities. They will be incorporated into a wider array of edge devices. Not too far into the future, we will see 40% of organizations’ cloud deployments include an element of edge computing and 25% of endpoint devices and systems will execute AI algorithms.
We will see more intelligent and empowered edge computing devices as well. According to Gartner, storage, computing and advanced AI and analytics capabilities will expand the capabilities of edge devices through 2028.
8. DevOps Augmented by AI
Despite almost universal acceptance of the DevOps framework across global enterprises, adoption has been patchy and slow. This is due to numerous reasons, ranging from a distributed toolset and a paucity of expert practitioners. However with the emergence of AI, we will see an increased process automation between software development and deployment, accelerating the enablement of DevOps
AI-powered QA suites will increase the automation quotient in the DevOps process. Given the advancements seen in automation, AI will rapidly intervene in the QA process across unit testing, regression testing, functional testing and user acceptance testing.
DevSecOps will combine the power of DevOps and AI in the field of information security. A centralized logging architecture recording suspicious activity and threats combined with ML-based anomaly detection techniques will empower developers to accurately pinpoint potential threats to their system and secure it for the future.
AI will also break the cultural barriers that typically exist between developer and operations teams. . AI-powered systems will enable DevOps teams to have a single, unified view into system issues across a complex toolchain while improving the collective knowledge of anomalies detected and the pathways for redressal.
9.Autonomous Things on the Rise:
At present, we are seeing experiments at an advanced level in the field of autonomous things. Autonomous things comprise whole gamut of unmanned objects – from drones, cars and robots. In 2019, I expect there to be a steady rise in the adoption and appreciation of this area of technology
Autonomous things of today are largely centered around the current paradigm of basic automation and rigid if-else programming rules. The next revolution in the field of autonomous things will be by exploiting the power of AI to exhibit more advanced, proactive and multi-threaded behaviors
Demand for autonomous things will continue to grow, specifically for autonomous vehicles. According to a Gartner survey, by 2021, 10% of new vehicles will have autonomous driving capability, compared to less than 1% in 2017.
Robotics and drones powered by AI will be able to address more complex use cases bringing in further efficiencies to incumbent businesses in the field of logistics delivery, warehouse management and manufacturing
10. AI to Disrupt Cybersecurity
Finally, the last key trend in the exponential technologies space for 2019 pertains to cybersecurity. While this is a remarkably advanced field, we will see continued growth and evolution of cybersecurity in combination with artificial intelligence
Using anomaly detection and machine learning, AI will hugely disrupt the field of cyber security. Security practitioners will be empowered to identify intrusions and malafide behavior faster using automated, always-on algorithms to constantly survey the secured network for wrongful activity and address concerns before they break-ins occur
AI can be quickly training over a massive data set of cyber security, network, and even physical information. Cyber security vendors will soon roll out AI-enabled solutions that will learn at an abstract level to detect and block abnormal behavior, even when this behavior does not fit within a known pattern. I expect that in 2019 companies will incorporate ML into every category of cybersecurity products.
By extension, we will see a fight between good AI and bad AI in the domain of cybersecurity. There are genuine fears that the next generation of attacks will not be carried out by human hackers but pieces of code designed to rapidly infiltrate a secure environment. Countering that with so-called ‘good AI’ will be crucial in undermining the impact these fast-paced attacks can have
Here are the top 10 AI trends to watch out for in 2019
The year 2018 will be remembered as the year that artificial intelligence stopped being on the periphery of business and entered the mainstream realm. With increasing awareness and capability of AI among the numerous stakeholders, including tech buyers, vendors, investors, governments, and academia, I expect AI will go beyond just tinkering and experiments and will become the mainstay in the business arena.
With an increasing percentage of these stakeholders professing their commitment to leveraging this technology within their organisations, AI has arrived on the world scene. We are sure to see transformative business value being derived through AI in the coming years. As we come to the close of 2018, let us gaze into the crystal ball to see what 2019 will hold for this game-changing technology:
The rise of topical business applications
Currently, we have a lot of general purposes AI frameworks such as Machine Learning and Deep Learning that are being used by corporations for a plethora of use cases. We will see a further evolution of such technology into niche, topical business applications as the demand for pre-packaged software with lower time-to-value increases. We will see a migration from the traditional AI services paradigm to very specific out-of-the-box applications geared to serve particular use cases. Topical AI applications in this space that serve such use cases will be monumentally useful for furthering the growth of AI, rather than bespoke services that require longer development cycles and may cause bottlenecks that enterprises cannot afford.
The merger of AI, Blockchain, cloud, and IoT
Could a future software stack comprise AI, Blockchain, and IoT running on the cloud? It is not too hard to imagine how these exponential technologies can come together to create great value. IoT devices will largely be the interface with which consumers and other societal stakeholders will interact. Voice-enabled and always connected devices – such as Google Home and Amazon’s Alexa – will augment the customer experience and eventually become the primary point of contact with businesses. AI frameworks such as Speech Recognition and Natural Language Processing will be the translation layer between the sensor on one end and the deciphering technology on the other end. Blockchain-like decentralised databases will act as the immutable core for managing contracts, consumer requests, and transactions between various parties in the supply chain. The cloud will be the mainstay for running these applications, requiring huge computational resources and very high availability.
Focus on business value rather than cost efficiency
2019 will finally be the year that majority of the executive and boardroom conversations around AI will move from reducing headcount and cost efficiency to concrete business value. In 2019, more and more businesses will realise that focusing on AI solutions that reduce cost is a criminal waste of wonderful technology. Ai can be used to identify revenues lost, plug leakages in customer experience, and entirely reinvent business models. I am certain that businesses that focus only on the cost aspect will stand to lose ground to competitors that have a more cogent strategy to take the full advantage of the range of benefits that AI offers.
Development of AI-optimised hardware and software
Ubiquitous and all-pervasive availability of AI will require paradigm shifts in the design of the hardware and software that runs it. In 2019, we will see an explosion of hardware and software designed and optimised to run artificial intelligence. With the increasing size and scale of data fueling AI applications and even more complex algorithms, we will see a huge demand for specialised chipsets that can effectively run AI applications with minimal latency. Investors are showing heavy interest in companies developing GPUs, NPUs, and the like – as demonstrated by Chinese startup Cambricon, which stands valued at a whopping $2.5 billion since its last round of funding this year. End-user hardware such as smart assistants and wearables will also see a massive increase in demand. Traditional software paradigms will also continue to be challenged. Today’s novel frameworks such as TensorFlow will become de rigueur. Architectural components such as edge computing will ensure that higher processing power is more locally available to AI-powered applications.
‘Citizen AI’ to be the new normal
One of the reasons we saw widespread adoption of analytics and data-driven decision-making is because we built applications that democratised the power of data. No longer was data stuck in a remote silo, accessible only to the most sophisticated techies. With tools and technology frameworks we brought data into the mainstream and made it the cornerstone of how enterprises plan and execute strategy. According to Gartner, the number of citizen data scientists will grow five times faster than the number of expert data scientists. In 2019, I expect Citizen AI to gain traction as the new normal. Highly advanced AI-powered development environments that automate functional and non-functional aspects of applications will bring forward to a new class of “citizen application developers”, allowing executives to use AI-driven tools to automatically generate new solutions.
Policies to foster and govern AI
Following China’s blockbuster announcement of a National AI Policy in 2017, other countries have rushed to share their take on policy level interventions around AI. I expect to see more countries come forward with their versions of a policy framework for AI – from overarching vision to allaying concerns around ethical breaches. At the same time, countries will also be asked to temper their enthusiasm of widespread data proliferation by releasing their own versions of GDPR-like regulations. For enabling an ecosystem where data can be used to enrich AI algorithms, the public will need to be convinced that this is for the overall good, and they have nothing to fear from potential data misuse and theft.
Speech Recognition will revolutionise NLP
In the last few years, frameworks for Natural Language Understanding (NLU) and Natural Language Generation (NLG) have made huge strides. NLP algorithms are now able to decipher emotions, sarcasm, and figures of speech. Going forward, voice assistants will use data from voice and combine that with deep learning to associate the words spoken with emotions, enriching the overall library that processes speech and text. This will be a revolutionary step forward for fields such as customer service and customer experience where many bots have typically struggled with the customer’s tone of voice and intonation.
The growth of explainable AI
And finally, with numerous decisions powered by AI – and specifically unsupervised learning models – we will see enterprises demand “explainable” AI. In simplified terms, explainable AI helps executives “look under the hood” to understand the “what” and “why” of the decisions and recommendations made by artificial intelligence. Development of explainable AI will be predicated on the need for increased transparency and trust. Explainable AI will be essential to ensure that there is some level of transparency (and potentially, learning) that is gleaned from unsupervised systems.
Convergence of AI and analytics
This is a trend that is a logical consequence of the decisive power of data in business today. In 2019, we will see a merger of analytics and AI – as the one-stop for uncovering and understanding insights from data. With advancements in AI seen so far, the algorithms are more than capable of taking up tasks that involve complex insight generation from multi-source, voluminous data. This convergence of AI and analytics will lead to automation that will improve the speed and accuracy of the decisions that power business planning and strategy. AI-powered forecasting will help deliver faster decisions, with minimal human interventions and create higher cost savings for the business.
Focus on physical and cybersecurity paradigms
Two of the domains ripe for an AI transformation are the fields of physical and cybersecurity. As intrusions into physical and virtual environments become commonplace and threats become hugely pervasive, AI will be a massive boost to how we secure these environments. Advances in fields such as ML-powered anomaly detection will drastically reduce the time required to surface potential intrusions into secure environments. This will enable organisations to better protect user data. When combined with Blockchain, AI will give cybersecurity a huge boost through decentralised, traceable databases containing valuable client and strategic information. On the physical security side, Computer Vision is rapidly gaining currency in the fields of physical intruder detection. Surveillance cameras, originally manned by security guards, will soon be replaced by AI-powered systems that will be able to react faster and more proactively to intruders that pose a threat to physical premises. When you combine that with face recognition, working with a database of known offenders, we will see a quantum drop in the time required to adjudicate and address cases of theft and unauthorised entry by law enforcement agencies.
In summary, the broad directions that I predict AI will take include interventions to make it more embedded, responsible, and explainable; convergence with other exponential technologies such as cloud, Blockchain, and IoT; cybersecurity; a greater proliferation and development of use cases; and great strides in the technology and its supporting infrastructure. Enterprises would do well to adopt this revolutionary technology and ensure a strong availability of talent to conceptualise, develop, and unleash value from AI applications.
2017 Digital Trends
Digital transformation reshapes every aspect of a business. As digital technology continues to evolve, I believe that successful digital transformation will require careful collaboration, thoughtful planning, and the inclusion of every department.
During recent years, we’ve seen shifts in how traditional leadership roles operate, as silos break down and the scopes of various roles widen and change. Digital transformation has morphed from a trend to a central component of modern business strategy. Following are the enlisted major trends that will capture the gist of what is to come in 2017.
DIGITAL PLATFORM VIEW OF BUSINESS
A platform provides the business with a foundation where resources can come together — sometimes quickly and temporarily, sometimes in a relatively fixed way — to create value. The value comes largely from connecting the resources, and the network effects between them. As digitalization moves from an innovative trend to a core competency, enterprises will understand and exploit platform effects throughout all aspects of their businesses.
- The deepening of digital means that lines are becoming increasingly blurred, and boundaries semi porous — both inside and outside the enterprise — as multiple networks of stakeholders bring value to each other by exploiting and exploring platform dynamics
- CIOs are clearly being given the opportunity to lead a digital transformation that exploits platform effects majorly in managing delivery, talent and executing leadership
Detailed Analysis can be found here:
THE ADVENT OF IMMERSIVE CONTENT: AUGMENTED REALITY AND VIRTUAL REALITY
The booming success of the Pokémon GO AR app is a wakeup call to any business that hasn’t evaluated the potential of AR and VR. These technologies were once limited to the gaming realm, but they’re now easier to implement than ever before. The mainstream shift toward AR and VR provides new ways to connect with customers and offer unique, memorable interactions.
- The AR and VR resurgence will open up the gates for workplace gamification in a big way into a core business strategy
- 2017 is also going to mark a turning point in the way audiences interact with and consume video content through the releases of the HTC Vive, Oculus Rift, PSVR etc.
- Significant improvements in immersive devices as well as software is anticipated
Detailed Analysis can be found here:
SMART MACHINES AND ARTIFICIAL INTELLIGENCE ARE TAKING OFF IN A BIG WAY
Our relationships to technology continue to evolve. Soon machines will be able to learn and adapt to their environments. While advanced learning machines may replace low-skill jobs, AIs will be able to work collaboratively with human professionals to solve intensely complex problems.
- Data complexity is the top challenge standing in the way of digital transformation
- AI tools will evolve to read, review and analyze vast quantities of disparate data, providing insight into how customers feel about a company’s products or services and why they feel the way they do
- using AI to expedite knowledge-based activities to improve efficiency and performance will spread from reducing costs through automation, to transforming customer experience
Detailed Analysis can be found here:
GROWING IMPORTANCE OF THE USER EXPERIENCE
The customer experience (including employees) is the ultimate goal of any digital transformation. Customers are more cautious than ever; they’ll turn away from brands that don’t align with their values and needs. A top-notch user experience is a fantastic way to keep customers involved and engaged with your brand.
- Every touch point matters, and those leading the transformation will strive to constantly ask how they are removing friction and enhancing the experience for every customer regardless of where they are in the journey
- Understanding digital consumers’ biases, behaviors and expectations at each point along the customer journey will be at the heart of every successful digital transformation
Detailed Analysis can be found here:
BLOCKCHAIN’S DISRUPTIVE GROWTH
What Uber did for on-demand auto transformation, Blockchain will to do for financial transactions. And with $1.4 billion in venture-capital money in the past three years, 24 countries investing in Blockchain technology for government services, 90-plus central banks engaged in related discussions, and 10 percent of global GDP to be traded via Blockchain technology by 2025-2027, it is important that marketers understand the potential implications for their business.
- Blockchain technology will majorly be a part of the next great flattening and removal of middle-layer institutions
- The semi-public nature of some types of Blockchain paves the way for an enhanced level of security and privacy for sensitive data – a new kind of database where the information ‘header’ is public but the data inside is ‘private’
- Data analytics using Blockchain, distributed ledger transactions and smart contracts will become critical in future, creating new challenges and opportunities in the world of data science
Detailed Analysis can be found here:
DIGITAL TRANSFORMATION DRIVEN BY THE INTERNET OF THINGS (IOT).
Speaking of how invaluable big data is to marketers, the IoT offers immeasurable insight into customer’s mind. Businesses and customers alike will continue to benefit from the IoT. With an estimated 50 billion IoT Sensors by 2020 and more than 200 billion “Things” on the Internet by 2030, it is no question that IoT will be not only transformative, but disruptive to business models.
- IoT will change how daily life operates by helping create more efficient cities and leaner enterprises
- The staple tech for autonomous systems would be the Internet of Things (IoT) which would be the infrastructure, as well as the customers, since they work, interact, negotiate and decide with zero human intervention
- Real-time streaming analytics will collection, integration, analysis, and visualization of IoT data in real-time without disrupting the working of existing sources, storage, and enterprise systems
Detailed Analysis can be found here:
We live in an API economy, a set of business models and channels based on secure access of functionality and exchange of data. APIs will continue to make it easier to integrate and connect people, places, systems, data, things and algorithms, create new user experiences, share data and information, authenticate people and things, enable transactions and algorithms, leverage third-party algorithms, and create new product/services and business models.
- An industry vision seeks using APIs to turn a business into a platform involving digital business models
- As the Internet of Things (IoT) gets smarter, things using an application programming interface (API) to communicate, transact and even negotiate with one another will become the norm
Detailed Analysis can be found here: