Artificial Intelligence (AI) is revolutionizing industries across the globe, and Indian enterprises are poised to embrace this transformative technology. According to Scott Tease, VP, GM Artificial Intelligence and HPC worldwide at Lenovo, Indian businesses are keeping pace with advanced economies in adopting AI solutions.
In an interview with businessline, Tease shed light on Lenovo’s AI strategy and how the company pitches its solutions to customers. Lenovo recognizes the value it brings to various verticals such as retail, manufacturing, banking and financial services, smart buildings, smart cities, and healthcare. By partnering with innovators in these sectors, Lenovo aims to find solutions to the challenges faced by businesses.
One of the popular AI applications being implemented by Lenovo is queue management and people tracking. This versatile solution can benefit diverse venues, including stadiums, hospitals, and retailers. Lenovo’s goal is not only to identify innovative solutions but also to conduct a responsible AI audit on potential partners. This audit ensures that data security and bias prevention measures are in place, guaranteeing the sanctity of data.
While Indian enterprises are exploring AI solutions, many projects remain in the pilot stage. To ensure successful implementation, Lenovo focuses on solutions that offer a solid return on investment (ROI). Rather than emphasizing hardware or software, Lenovo positions itself as a provider of cognitive capabilities. This approach resonates with customers, particularly those lacking deep AI skills. By delivering focused solutions, Lenovo enables businesses to achieve tangible ROI.
An exemplary demonstration of Lenovo’s impact is their collaboration with the US grocery store, Kroger. The supermarket experienced substantial losses due to inventory discrepancies during the self-checkout process. To address this challenge, Lenovo leveraged computer vision technology. When an inexpensive item is scanned while an expensive product is placed in the bag without scanning, the system detects the anomaly and halts the transaction. This simple yet effective solution addresses a billion-dollar problem, showcasing the potential of AI-driven innovations.
India is well-positioned to adopt the AI technology cycle, according to the Lenovo CIO study. The study reveals that India is ahead of many countries, including Japan, in terms of AI investment and AI at the edge. Indian enterprises understand the need to differentiate themselves in the competitive global marketplace and are eager to leverage AI for that purpose. With the advantage of starting from scratch in many markets, Indian businesses have the opportunity to build a strong foundation with smart data practices and easy integration of AI technology.
While a skill gap exists when it comes to AI implementation, India fares relatively well compared to other regions. The country’s focus on educating engineering teams and data scientists puts it ahead of the United States and Europe. However, the shortage of data science skills is a global issue, creating opportunities for India to fill the gap and become a prominent player in the AI landscape.
In terms of investments, Lenovo’s interactions with 153 Indian CIOs indicate significant AI spending at the edge. Recognizing the importance of processing data in proximity to its source, Indian enterprises are inclined towards edge AI. As more data is generated in the future, through cloud computing and smart appliances, the integration of AI at the edge will become even more vital.
Indian enterprises are standing at the forefront of the AI revolution. With the right investments, skill development, and a strategic approach, India has the potential to lead the way in deploying AI solutions across various sectors. Lenovo remains committed to supporting Indian businesses in this journey, ensuring that AI becomes a transformative force within the Indian enterprise landscape.
FAQ
1. What industries are Lenovo’s AI solutions valuable in?
Lenovo’s AI solutions find their value in verticals such as retail, manufacturing, banking and financial services, smart buildings, smart cities, and healthcare.
2. How does Lenovo ensure responsible AI deployment?
Lenovo conducts responsible AI audits on potential innovators to ensure data security measures and prevent bias in the solutions they provide.
3. How does Lenovo pitch its AI solutions to customers?
Lenovo positions its AI solutions as cognitive capabilities rather than just hardware or software, providing customers with focused solutions that offer a solid return on investment.
4. How is India positioned to adopt AI technology?
India is ahead of many countries in terms of AI investment and AI at the edge. Indian enterprises understand the competitive global marketplace and are eager to differentiate themselves through AI adoption.
5. How does India fare in terms of AI skill development?
India performs relatively well in AI skill development compared to other regions. The country’s emphasis on educating engineering teams and data scientists provides a competitive advantage.
6. Where are investments happening in India for AI?
Investments in AI in India are primarily focused on edge AI, recognizing the importance of processing data close to its source for optimal efficiency and effectiveness.
The Indian enterprises are well-poised to embrace the transformative technology of Artificial Intelligence (AI), according to Scott Tease, VP, GM Artificial Intelligence and HPC worldwide at Lenovo. They are keeping pace with advanced economies in adopting AI solutions. Lenovo recognizes the value it brings to various verticals such as retail, manufacturing, banking and financial services, smart buildings, smart cities, and healthcare. By partnering with innovators in these sectors, Lenovo aims to find solutions to the challenges faced by businesses.source
One of the popular AI applications being implemented by Lenovo is queue management and people tracking. This versatile solution can benefit diverse venues, including stadiums, hospitals, and retailers. Lenovo’s goal is to not only identify innovative solutions but also conduct a responsible AI audit on potential partners. This audit ensures that data security and bias prevention measures are in place, guaranteeing the sanctity of data.source
While Indian enterprises are exploring AI solutions, many projects remain in the pilot stage. To ensure successful implementation, Lenovo focuses on solutions that offer a solid return on investment (ROI). Rather than emphasizing hardware or software, Lenovo positions itself as a provider of cognitive capabilities. This approach resonates with customers, particularly those lacking deep AI skills. By delivering focused solutions, Lenovo enables businesses to achieve tangible ROI.source
An exemplary demonstration of Lenovo’s impact is their collaboration with the US grocery store, Kroger. The supermarket experienced substantial losses due to inventory discrepancies during the self-checkout process. To address this challenge, Lenovo leveraged computer vision technology. When an inexpensive item is scanned while an expensive product is placed in the bag without scanning, the system detects the anomaly and halts the transaction. This simple yet effective solution addresses a billion-dollar problem, showcasing the potential of AI-driven innovations.source
According to the Lenovo CIO study, India is well-positioned to adopt the AI technology cycle. The study reveals that India is ahead of many countries, including Japan, in terms of AI investment and AI at the edge. Indian enterprises understand the need to differentiate themselves in the competitive global marketplace and are eager to leverage AI for that purpose. With the advantage of starting from scratch in many markets, Indian businesses have the opportunity to build a strong foundation with smart data practices and easy integration of AI technology.source
While a skill gap exists when it comes to AI implementation, India fares relatively well compared to other regions. The country’s focus on educating engineering teams and data scientists puts it ahead of the United States and Europe. However, the shortage of data science skills is a global issue, creating opportunities for India to fill the gap and become a prominent player in the AI landscape.source
In terms of investments, Lenovo’s interactions with 153 Indian CIOs indicate significant AI spending at the edge. Recognizing the importance of processing data in proximity to its source, Indian enterprises are inclined towards edge AI. As more data is generated in the future, through cloud computing and smart appliances, the integration of AI at the edge will become even more vital.source
Indian enterprises are standing at the forefront of the AI revolution. With the right investments, skill development, and a strategic approach, India has the potential to lead the way in deploying AI solutions across various sectors. Lenovo remains committed to supporting Indian businesses in this journey, ensuring that AI becomes a transformative force within the Indian enterprise landscape.source
The source of the article is from the blog kunsthuisoaleer.nl