Firms to have chief AI officer: Teradata
‘Executive will help strategise against barriers to adopting artificial intelligence’
As much as 80% of enterprises are investing
in artificial intelligence (AI) today. But, one in three business leaders
believes his/her company will need to invest more over the next 36 months to
keep pace with competitors, according to a survey conducted by market research
firm Vanson Bourne on behalf of Teradata, a U.S.-based data and analytics
company.
At the same time, it said, enterprises are
anticipating significant barriers to adoption and are looking to strategise
against those issues by creating a new C-suite position, the chief AI Officer
(CAIO) to streamline and coordinate AI adoption. Teradata said these results
come from the survey of 260 large organisations that operate globally,
including 60 from the Asia-Pacific region. AI aims to build machines that can
simulate human intelligence processes.
“Enterprises today see artificial
intelligence as a strategic priority that will help them outpace the
competition in their respective industries,” said Atif Kureishy,
vice-president, emerging practices at ThinkBig, a Teradata company.
He said to leverage the full potential of
this technology and gain maximum return on investment, businesses will need to
revamp their core strategies so that AI has an embedded role from “data centre
to the boardroom.”
‘Indian context’
Rajesh Shewani, head, technology and solution
architecture, Teradata India said Indian enterprises are recognising AI as an
enabler that is crucial to transform their business and stay ahead of the
competition.
“In the Indian context, I believe AI can be a
huge disruptor as our social and economic problems are bigger and in many ways
more complex and challenging,” Mr. Shewani said.
Source | http://www.thehindu.com/business/Industry/firms-to-have-chief-ai-officer-teradata/article19847070.ece
Regards
Pralhad
Jadhav
Senior Manager @
Knowledge Repository
Khaitan &
Co
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