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AI augmentation to Create $2.9 Trillion of Business Value in 2021

Augmented intelligence reduces mistakes while delivering customer convenience and personalisation at scale, democratizing what was previously available to the select few

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The enterprise solutions major has integrated SAP CoPilot with the
"A tectonic shift is happening in AI. Nearly 85 per cent of enterprises globally will use AI in some form or the other by 2020.

Artificial intelligence (AI) augmentation will create $2.9 trillion of business value and 6.2 billion hours of worker productivity globally in 2021, according to a forecast by Gartner.

Augmented intelligence refers to a human-centred partnership model of people and AI working together to enhance cognitive performance.

This includes learning, decision making and new experiences.

“Augmented intelligence is all about people taking advantage of AI,” said Svetlana Sicular, Research Vice President at Gartner.

AI has the potential to increase India's annual growth.
AI has the potential to increase India’s annual growth. Pixabay

“As AI technology evolves, the combined human and AI capabilities that augmented intelligence allows will deliver the greatest benefits to enterprises,” she added.

Customer experience is the primary source of AI-derived business value, according to the Gartner AI business value forecast.

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Augmented intelligence reduces mistakes while delivering customer convenience and personalisation at scale, democratizing what was previously available to the select few.

“Augmented intelligence is a design approach to winning with AI, and it assists machines and people alike to perform at their best,” Sicular said. (IANS)

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Intel Trains 1.5 Lakh Students, Developers to Boost AI in India

The event also serves as a showcase of innovation being driven in collaboration with industry leaders

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Intel
This Jan. 1, 2018, file photo shows an Intel logo on the box containing an HP desktop computer on sale at a Costco in Pittsburgh. VOA

Chip-making giant Intel on Wednesday said it has trained more than 150,000 developers, students and professors across 150 organisations in India over the past two years to boost the Artificial Intelligence (AI) ecosystem in the country.

“At Intel, we’re encouraged by the impact that AI is having, driven by our rich community of developers,” Prakash Mallya, Vice President and Managing Director, Sales and Marketing Group, Intel India.

“In addition to training 150,000 developers, students and professors, we have also trained 50 per cent of our employees across functions in India on the basic concepts of AI with the goal to have the majority of our employees trained by the end of the year,” Mallya said.

Intel hosted its premier global AI developer event, the Intel AI DevCamp in Bengaluru on Wednesday.

artificial intelligence, nobel prize
“Artificial intelligence is now one of the fastest-growing areas in all of science and one of the most talked-about topics in society.” VOA

“AI is swiftly becoming a reality for enterprises and has found applications across industries. With talent becoming a key driver of competitive advantage, India has an opportunity to tap into its existing pool of mathematicians, statisticians and programmers and nurture this talent to leverage their skills for analytics and AI,” Mallya said.

The Intel AI DevCamp event helps put AI tools into the hands of scientists, developers, analysts, and engineers.

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The event also serves as a showcase of innovation being driven in collaboration with industry leaders.

This year, Wipro demonstrated Intel AI-powered use cases such as medical image segmentation and diagnosis, the detection of anomalies in pipelines, and detection of surface cracks in high-rise buildings, bridges and complex structures. (IANS)