Hyderabad: The future is going to be heavily dependent on Artificial Intelligence (AI) and more than 1,000 companies in India claim to be working on AI in some form, according to Suman Reddy, Managing Director, Pegasystems India. Speaking to Telangana Today on emerging technologies, Reddy said major industries in banking, government and automobile manufacturing would use AI to stay competitive while everything would gradually be powered by AI, right from televisions to home appliances. "Everyone from consumer internet, technology, e-commerce, finance, healthcare companies to financial services and automakers are betting big on AI and other new age technologies," he said. With AI expected to fuel almost everything that helps and empowers daily lives, the demand for AI is going to multiply manifold and India will do well to fill this demand and achieve leadership positions by having captive tech talent at the global stage. On the present situation in IT sector, he said one would have to keep an eye on the prevailing industry trends along with constantly testing their skills.

CHENNAI: Construction major Larsen & Toubro (L&T) is focussing on implementation of new age technologies like artificial intelligence (AI) in its operation to make it more smart and efficient, said S Anantha Sayana, chief digital officer, L&T. For the last four years, it has been working to bring in digital transformation in its operations and now it is focusing on deploying new age technologies like AI, internet of things in different verticals such as construction sites, safety and quality process management, and labour to bring in more affordable solutions. Sayana said over 11,000 equipments at their project sites have been equipped with latest technologies, which gives real time data and visibility. As digitalisation has tremendous benefit the company now aims to strengthen use of AI across its operation. "To ensure apt use of AI in different verticals, we need a strong database and we have created as rich storehouse of data bank from our systems. We have started deploying AI for prediction of machine life, quality check and many other sector but we plans to implement AI initiatives in analytic..." said Sayana.

As the Indian government plans modernisation of railways, the government's plans for the future of technology interactions within railways include internet of things (IoT), big data and artificial intelligence. Speaking at an industry summit in Bhubaneswar, RailTel chairman and managing director Puneet Chawla said the Indian Railways will rely heavily on technology as it focusses on the satisfaction of employees and passengers as well as in train operations to ensure safety, punctuality and line capacity. Chawla said that RailTel was the fifth-largest telecom infrastructure provider in the country and listed examples such as "video walls, WiFi, CCTVs, e-office and computer-based signalling used in railway operations". He said the future of technological engagement with railways could include "IoT platforms, big data and artificial intelligence". The modernisation of Indian railways was part of BJP's 2019 manifesto for Lok Sabha elections.

As per a recent study by Manpower group, 56% of the respondents say that employers cannot find the people they need with the right blend of technical skills and human strengths. The situation is more grim for skills like Machine Learning, Data Sciences and Artificial Intelligence where the demand has outgrown supply many times. Reach out to us at https://bit.ly/2N0uMZU to find out how we can help you overcome skills shortage for in-demand skills.

Digital transformation is no longer just jargon, but is in fact now the new norm that is being adopted by enterprises to thrive in the industry. Utilizing new age technologies like artificial intelligence has become imperative to provide enhanced customer experience. In an interview with DataQuest, Deepak Pargaonkar, vice president, solution engineering, Salesforce, talks about why marketers should adopt new age technologies, how artificial intelligence can boost productivity and hyper-personalization, and much more. Today's marketers face a whole different landscape than their predecessors. As connected customer experiences become standard in customers' minds, marketers are expanding beyond their traditional purviews, tactics, and toolkits to meet expectations.

Digital transformation and modern technologies have impacted every single industry that exists, and the banking industry is no different. In fact, technology has touched upon the banking industry to such a large extent that the union of both has given birth to what is now called'FinTech'. In an interview with DataQuest, Jaya Vaidhyanathan, President, Bahwan CyberTek, gives insights on how new age technologies such as artificial intelligence, machine learning and so on are revolutionizing FinTech, and what more consumers can expect on the same in future. How are new age technologies like artificial intelligence, machine learning, predictive analytics and blockchain transforming the FinTech Space? Technology has impacted the financial sector in such a massive way that it has brought about the union of two industries calling it – Financial Technology (FinTech).

New Delhi: The workspace is changing drastically and very soon there will be just two types of people – employable in the augmented workplace and unemployable, a senior official at tech giant Oracle said. Besides, he said, there is a dichotomy emerging in today's workplace -- automation is taking up the repetitive jobs, which in turn means fewer jobs, while companies are struggling to get key talent for specialised jobs. On the other hand, tech experts maintain that though this trend is yet to take off in India, artificial intelligence has started featuring dominantly in HR (human resource) conversations and while terms like AI, chatbots and machine learning may sound intimidating, these technologies will not remove humans from the workplace. While automation will eliminate some jobs, it will also create some jobs that will support the "automation economy". "Employees nee-d to be more intuitive, irrespective of organisation fun-ction, more creative in the work they are doing," Sha-akun Khanna, head of HCM Applications, Asia Pacific, at Oracle told PTI. "The world will just have two types of people – employable in the augmented workplace and unemployable," he added.

Disruptive technologies are driving a new wave of innovation in the IT space. With the emergence of Artificial Intelligence (AI), Machine Learning (ML), Big Data, cloud computing and other concurrent new age technologies, the legacy IT companies and teams need to relook at their internal processes and structure. Bank of America, Merrill Lynch predicts that AI will have a $9 trillion impact on knowledge work over the coming decade. The McKinsey Global Institute says AI is driving the transformation of society at a rate of "3,000 times the impact" of the Industrial Revolution. Solidifying these claims, the Forrester report quotes that there was a greater than 300% increase in investment in artificial intelligence in 2017compared with 2016.