“A day may come in the future when words spoken in one vernacular language would automatically be translated into another to ease out communication between people belonging to two distinct geographies.
We will set up 25 hubs focusing on diverse areas. Each hub will have multiple academic institutions and industry.
Even with government funding and industry participation, India is just at the starting point of a promising long road to harness AI for societal benefits.”
“Four self-reflections for leaders that make a case for why they need to consider adopting AI, ML and advanced analytics.
(1) The power and the limitations of tacit knowledge – In comes a pillar of advanced analytics that uses machine learning for predictive modeling.
(2) Cognitive challenges in processing multi-dimensional spaces – These algorithms fall in the descriptive analytics pillar, a branch of machine learning that generates business value by exploring and identifying interesting patterns in your hyper-dimensional data
(3) Our weakness in counter-factual thinking – Overcoming this requires embracing causal analytics, a pillar that is most often missed out by the industry ‘ladder of analytics’ frameworks
(4) Our challenges in combinatorial thinking – Combinatorial thinking, which is encompassed in the prescriptive analytics pillar of advanced analytics, can provide answers.
In short, advanced analytics, machine learning and AI are arguably the most powerful general-purpose technologies invented since the advent of modern computing. Extracting value from these is an imperative for business and society. It requires a deeper understanding and self-reflection among leaders of human strengths and frailties in contrast to that of modern, software based, machines and algorithms.”
“Artificial intelligence (AI) and machine learning (ML) are making productive inroads in the cybersecurity space.
AI and ML can help by processing and analyzing massive amounts of data to spot unusual trends, behavior, and patterns in what is known as anomaly or fraud detection. It’s an essential tool to help stop crime in the world of finance.”