AIBusiness recently interviewed Kalyan Kumar, Executive Vice President and CTO for ITO and Digital at HCL Technologies. HCL Technologies are a thriving multinational IT services company, with offices in 32 countries and operations across a wide range of industries. At The AI Summit in London on 5 May, Kalyan will join three fellow AI experts on the Closing Keynote Plenary Panel to discuss the practical challenges of implementing AI in business organisations. The panel will also address the issue of bad publicity and ethical dilemmas behind the development of AI technologies, ultimately answering why we can't forfeit the future benefits of AI due to concerns and temporary challenges. As The AI Summit approaches, AIBusiness spoke to Kalyan to find out his views on AI's broad impact on business, as well as his vision for HCL specifically, looking ahead to 5 May.
Every person interacts with some device or application that is AI-enabled at least once a day. That is how widespread AI is today. Every time you perform a voice search using Siri or Google Assistant, you are leveraging the power of artificial intelligence. As AI continues to evolve and improve, it will find more and more practical use in everyday business operations. Moving into 2022, AI will play a pivotal role in influencing digital transformation across industries.
The RPA stands for "Robotic Process Automation." It supports several manual and repetitive tasks to automate like human beings. We can say that "RPA is a process of creation and training of software bot (automated programs) to automate the business process." "The RPA is the technology which allows anyone to configure the computer software or robot for emulating and integrating the actions of humans to interact within the digital systems to implement or execute the business process." RPA is the digital workforce. It interacts with the computer system in the same as the human does. It automates repetitive and tedious tasks. Robotic Process Automation is the sequence of commands which are executed by the automated programs under some defined sets of business rules. The primary purpose of RPA is to replace repetitive and boring clerical tasks into the virtual workforce by robots or machines. We train the bots (automated programs) what to do and let them do the work. The RPA is an acronym for Robotic Process Automation. The Robotic Process automation is used in both IT and Non-IT industries. Nowadays, every organization have a repetitive, boring, tedious task so, RPA is necessary to eliminate these types of task by making the automation of tasks.
The company of the future will be a new type of symbiotic organization of autonomous technology and autonomous humans, working effectively together, accelerating the flow of value, as and when needed, to our customers and all other stakeholders in the ecosystem. Your next company is designed like a Tesla. The power of automation and autonomy will define the purpose of digital transformation for businesses in the next normal. The benefit of automation will be the ability for organizations to implement design thinking principles of flow, powering individuals and teams to create value at the speed of need. The seven principles of Flow by Design will guide digital business transformation initiatives for a more sustainable paradigm of success.
Artificial intelligence (AI) is starting to be utilized in almost every aspect of the business world, and this article showcases 21 interesting examples and use cases of this. The article is divided into two categories. The first category discusses 10 examples and use cases related to business processes that will be changed by artificial intelligence, and the second covers 10 examples and use cases related to industries being changed by AI. As you read, think about whether there are any examples of how artificial intelligence is being used in business today that you would suggest I add to this list. If you think of any, please feel free to post them in the comments section. Practically every business process will be changed and taken over by artificial intelligence, since AI can be trained to do almost everything that involves a process, and do it better than a human.