If you are looking for an answer to the question What is Artificial Intelligence? and you only have a minute, then here's the definition the Association for the Advancement of Artificial Intelligence offers on its home page: "the scientific understanding of the mechanisms underlying thought and intelligent behavior and their embodiment in machines."
However, if you are fortunate enough to have more than a minute, then please get ready to embark upon an exciting journey exploring AI (but beware, it could last a lifetime) …
SAP Labs in India is the second largest R&D centre for the company after its centre in Walldorf, Germany and among the three hubs in the SAP Labs network of 19 Labs across 16 countries. Dilipkumar Khandelwal, MD for SAP Labs in India, has a dual role as he is also the EVP and Global Head of Enterprise Cloud Services for SAP. In an exclusive interview with Ayushman Baruah, Khandelwal talks about their India focus, latest technologies, and their emphasis on innovation. Excerpts: What is the SAP Lab's focus here? Over a period of 19 years, SAP Labs India has evolved to become an integral part of SAP's global strategy.
"There has been a dramatic increase in work in the last five or six years, coming from the exponential data explosion and an increase in audit regulation bureaucracy," Neil Kinson, chief of staff at enterprise process automation provider (and long-time SAP partner) Redwood Software, said in ZDNet last week. "The automation is being created to solve that problem, rather than to cut costs, [and] a lot of organizations are applying automation just to cope." And we may have only spotted the tip of this iceberg. "We'll see more innovation in the next two years than we have in the last 10 years, all driven by AI," Rod Drury, CEO and founder of New Zealand's cloud-based accountancy software provider Xero, said in Business Insider on Monday. "We're getting a fantastic hit because the fintech space is a relatively small domain with massive amounts of data, and it's inherently high value."
In total, SAP Labs pitched 15 all-new ideas to seven VC funds. Other ideas that made an impact came from Cooey, an analytics business that enables corporates to manage employee healthcare. There was also a panel discussion with VCs like Ravi Gururaj, Sanjay Anandram, and Rahul Chowdhuri, who along with the host Shradha Sharma, founder & CEO of YourStory, discussed the entrepreneur's ability to build sustainable B2B businesses. You need to know how corporate sales cycles work and also understand that not all meetings end up in business," says Ravi Gururaj, founder and CEO of QikPod.
SAP SE is exploring augmented reality and intelligent assistant software in initiatives intended to boost employee productivity, according to new SAP CIO Thomas Saueressig, who at 31 is the youngest CIOworking for a global 2000 company. More productive employees will ultimately improve the business software maker's ability to serve customers, one of the German company's core tenets. "I fundamentally believe that the new generation and the expectations of our customers and our employees are changing so significantly," says Saueressig, who took over for Helen Arnold on May 1. "And we need to shift our focus purely on the end-user [employees and customers]." Saueressig is something of a rarity among first-time IT leaders. As a millennial, he is a member of a generation HPE CEO Meg Whitman describes as as supremely confident if not entitled.