Arjun Vishwanathan,
associate director, emerging
technologies, IDC India“AI must be
vIewed In
A holIstIc
mAnner”
Artificial intelligence (AI) is touching new
heights across all verticals, including consumer
services, e-commerce, mobile phones, life
sciences and manufacturing, among others.
But how will AI transform itself over time?
Arjun Vishwanathan, associate director,
emerging technologies, IDC India, discusses
the transformation of AI in an exclusive
conversation with Jagmeet Singh of OSFY.
Edited excerpts...Q
What are the latest trends in
the world of AI?
IDC predicts that by 2018, 75 per cent
of enterprise and ISV development
will include cognitive, AI or machine
learning functionality in at least one
application, including all business
analytics tools. The adoption of AI
solutions is set to grow at a fast pace,
especially in the Asia Pacific region
(excluding Japan) (APEJ). More
than half of the organisations in this
region are planning to adopt AI within
a five-year timeline.Q
What are your observations
on the evolution of AI?
Global spending on cognitive and AI
solutions will continue to see significant
corporate investment over the next
several years, achieving a compound
annual growth rate (CAGR) of 54.4 per
cent through 2020 when revenues will
be more than US$ 46 billion. Around 59
per cent of organisations plan to make
new software investments in cognitive
or AI technologies, whereas 45 per cent
will make new investments in hardware,
IT services and business services. Data
services have the lowest rank in all the
categories. Overall, IDC forecasts that
worldwide revenues for cognitive and
AI systems will reach US$ 12.5 billion
in 2017, an increase of 59.3 per cent
over 2016.Q
In what ways can AI become
the icing on the cake for
enterprises moving towards
digital transformation (DX)?
The adoption status of cognitive/AI
correlates highly with the information DXFor U & Me Interview
20 | December 2017 | OPeN SOUrce FOr YOU | http://www.OpenSourceForU.com
Interview