CIO & LEADER-Issue-10-January 2018 (1)

COLUMN
By Aashish Kalra
How
Enterprises
Are Redefining
Businesses
With Big Data
Powered By AI
How these technologies is giving
businesses a new lease of life
T
The author is Chairman, Cambridge
Technology Enterprises Limited
The world is transforming and
economies like India and China that
remained undiscovered in early 90s,
hold the potential to be discovered as
growth stories and creators of asset
class because of their ability to create
unstructured data sets. Data is the
next natural resource, like air,
oil, water, and the convergence of
Big Data and Cloud powered by AI
and ML is a potential multi-trillion
dollar opportunity.
Artificial Intelligence is no longer
a theory, it is for real because of the
availability of unstructured data,
high bandwidth and affordable computing
resources.
Discovering AI is the
new normal
As the world transforms, businesses
are going to need a lot of elements to
implement AI. They need an element
of Big Data and Cloud, then they need
to manage data, followed by an ability
to see panoramic view of data to
innovate and help businesses leapfrog
and most importantly, draw
insights to take the decisions. Majority
of the companies will not be able
to articulate the problem or hire the
people to execute.
There will be businesses with the
resources and capital to get to decisions
while some may still be finding
the way to cross the bridge. Discovering
the power of AI for your business
will be the new impact. Gartner
recently estimated that the term “AI”
ranked seventh in the most searched
terms. This is significant jump compared
to January 2016 when “AI”
was not even in the top 100 for the
same category.
Artificial Intelligence is transforming
the way businesses are defined,
designed and delivered and enterprise
value is captured. Asian economies
like India and China are poised to
leapfrog the world in Artificial Intel-
10 CIO&LEADER | January 2018