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 industry formulate strategy


Technology helped industries formulate strategy, adapt to changing future

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Addressing the FICCI's 93rd Annual General Meeting on a fireside chat, industry leaders such as Satya Nadella, Chief Executive Officer, Microsoft, Dr Eric Schmidt, ex-Chairman Alphabet and Chairman of National Security Commission on AI (NSCAI), Nivruti Rai, Country Head, Intel India & Vice President, DPG, Intel Technology India Pvt Ltd. amongst others highlighted the role of technological developments and trends in the artificial intelligence (AI) space and how businesses can utilise AI in the new normal. In conversation with FICCI President Dr Sangita Reddy, Nadella said, "Despite the constraint caused by the pandemic, digital technology is being adopted at scale for core resilience, not only for future transformation but for business continuity, which is the biggest structural change globally. The ability to use digital tools and our built-in infrastructure and capability around the digital track is going to create resilience and transformation." Right from manufacturing, health, education, government, and service sectors, artificial intelligence and digital technology are being accelerated in every sector since COVID-19 outbreak. Amidst all this, data analytics, speech recognition and machine learning have helped industries formulate strategy and adapt to a changing future.