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Artificial intelligence to amplify digital transformation: Vishal Sikka

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San Francisco: The digital transformation can best be achieved by adopting automation and artificial intelligence (AI) and the growing symbiosis between Infosys and Oracle is going to help achieve this goal faster than ever, said Infosys CEO Vishal Sikka.

Addressing a gathering of top innovators at Oracle’s OpenWorld 2015 conference here on October 27, Sikka emphasised on how AI can be a great amplifier to simplify and enable existing landscapes as well as build intelligent systems that help us solve our most complex emerging problems.

“The world is looking at providing services in a better way. I observe three major shifts – focus on experience among consumers, emergence of AI and the ultimate cloud phenomenon,” he added.

Sikka also announced that the Infosys Finacle’s core banking solution – running on new and secure Oracle SuperCluster M7 microprocessor – has set a new record for the number of banking transactions processed.

“The solution supported more than two billion bank accounts with near linear scalability. The results showcase Finacle’s capabilities to manage extraordinarily large transaction volumes to help banks cater to their growing business demands at reduced costs,” he said.

The tests were conducted across a mix of delivery channel transactions that could originate from branches, ATMs, online and mobile channels.

According to Ganesh Ramamurthy, senior vice president (product development) at Oracle, the SuperCluster M7 microprocessor and SPARC T7 and M7 systems offer breakthrough technology for memory intrusion protection and encryption.

“Infosys’ latest Finacle results on SuperCluster M7 demonstrate the superior performance, efficiency and security capabilities of SPARC M7 with Oracle Database 12c and WebLogic Server 12c for critical banking functions,” he explained.

According to Sikka, their future strategy will not be completed without the help from Oracle and its diverse portfolio.

“We together are creating a sort of symbiosis. Infosys is emerging as a great change agent and we are collaborating with Oracle in innovations in java,” he said.

He also spoke about AiKiDo – a new offering that comprise three enhanced service offerings in knowledge-based IT (KBIT), platforms and design thinking.

Infosys has deployed a number of systems that replicate human decision-making in areas such as financial service regulation and ticketing of IT issues, thus enabling productivity improvements by up to 40 percent and saving customers millions of dollars annually.

In addition to this, Infosys is working with global clients to use artificial intelligence to address business challenges.

Infosys is utilising artificial intelligence techniques to solve complex engineering problems in design, testing, and certification of complex engineering products.

“I am optimistic that artificial intelligence techniques will help us solve next-generation problems, and that humans will play the most important part in this process,” Dr Sikka added.

Infosys has delivered nearly 30 projects for clients using artificial intelligence. Many of these first projects have been in manufacturing and financial services.

Infosys is currently developing solutions based on artificial intelligence to solve complex problems in the engineering space.

(Nishant Arora,IANS)

 

 

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Enterprises now deploying AI technologies: Infosys

More than 1,000 business and IT leaders with decision-making power over AI solutions

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  • Enterprises are deploying AI more broadly
  • This is bringing in a positive change in their working
  • Companies are investing huge amount in AI technology

Enterprises are moving beyond the experimentation phase with Artificial Intelligence (AI) and are now deploying AI technologies more broadly, said an Infosys survey on Tuesday.

There is a fundamental shift in how enterprises operate as AI takes hold, according to the “Leadership in the Age of AI” survey.

Also Read : Artificial intelligence to amplify digital transformation: Vishal Sikka

India to deploy more AI technology, revealed Infosys survey.
India to deploy more AI technology, revealed Infosys survey.

“AI, as the research shows, is becoming core to business strategy, and is compelling business leaders to alter the way they hire, train and inspire teams, and the way they compete and foster innovation. Industry disruption from AI is no longer imminent, it is here,” Mohit Joshi, President, Infosys, said in a statement.

“The organisations that embrace AI with a clearly-defined strategy and use AI to amplify their workforce rather than replace it, will take the lead, and those that don’t will fall behind or find themselves irrelevant,” Joshi added.

Seventy three per cent respondents strongly agreed that their AI deployments have already transformed the way they do business, and 90 per cent C-level executives reported measurable benefits from AI within their organisation.

Use of AI is transforming businesses.
Use of AI is transforming businesses.

Also Read : Humanity’s days are numbered, Artificial Intelligence will cause mass extinction, warns Stephen Hawking 

Organisations are taking steps to prepare employees and business leaders for the future of work, with 53 per cent respondents indicating that their organisation has increased training in the job functions most affected by AI deployments.

More than 1,000 business and IT leaders with decision-making power over AI solutions or purchases at big organisations across seven countries were included in the survey. IANS

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