The potential of AI to revolutionize industries is undeniable. Yet, many businesses struggle to translate this potential into real-world results. One of the key challenges is the perception of AI as a mysterious and complex technology, inaccessible to most. However, the truth is that AI is simply a practical tool designed to help us make sense of the massive amount of data we generate daily.
By democratizing access to AI and integrating it with high-performance computing, enterprises can unlock its true power and drive significant business value. AI solutions can help businesses understand their customers better, optimize their processes, and make data-driven smart decisions.
CXOs are embracing AI as a strategic imperative, developing comprehensive AI strategies that go beyond technology deployment. This includes building a network of connected devices and establishing a robust edge-to-cloud infrastructure. By taking this holistic approach, businesses can leverage AI to its full potential.
In a closed-door discussion curated by CORE Media, powered by Lenovo and AMD, CIOs and Digital leaders reflected on adopting emerging technologies like AI and ML for better business value.
Anoop Mathur, Founder, CORE Media, along with Srinivas Rao, Director, Presales and Solutions, Lenovo ISG India and Ajay Koul, Country Head BFSI segment and Regional Head Enterprise Division, AMD India spearheaded the conversation about AI's impact on their enterprises, its role in fostering innovation, and its potential for optimizing business value.
The key points highlighted by the CXOs and digital leaders attending the discussion were as follows:-
- Enterprises are navigating a dynamic landscape by leveraging AI/ML for customer-centricity, efficiency, and competitive advantage. Chatbots, personalized offerings, and real-time insights personalize customer experiences. AI-driven automation, resource optimization, and innovative product development enhance operational efficiency.
- CXOs from BFSI and Pharmaceutical sector are wary of making AI accessible in their enterprises due to cybersecurity concerns whereas CXOs from Manufacturing sector are optimistic about integrating AI in their infrastructure and solutions for enhanced business outcomes. Ensuring data privacy, mitigating algorithmic bias, and promoting transparency remain key challenges to AI adoption.
- CXOs and digital leaders should embrace AI as a strategic imperative, and develop comprehensive AI strategies that go beyond technology deployment. This includes building a network of connected devices and establishing a robust edge-to-cloud infrastructure. By taking this holistic approach, enterprises can leverage AI to its full potential.
