{"id":350,"date":"2024-04-03T09:36:22","date_gmt":"2024-04-03T09:36:22","guid":{"rendered":"https:\/\/et-edge.com\/conferences\/datacon\/demo\/?page_id=350"},"modified":"2024-07-19T05:12:07","modified_gmt":"2024-07-19T05:12:07","slug":"overview","status":"publish","type":"page","link":"https:\/\/et-edge.com\/conferences\/ai\/overview\/","title":{"rendered":"Overview"},"content":{"rendered":"\t\t
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Overview<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tTransforming Enterprises Towards an AI-Driven Future\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Technology has been instrumental in helping businesses navigate through formidable challenges, and its significance will only amplify in India’s digital future, fueled by the rapid adoption of new digital services among citizens. Whether you belong to a digitally proficient workforce or an enterprise seeking to embrace cutting-edge tools and technologies to enhance business competitiveness, your trajectory towards growth hinges on the innovation of AI.<\/p>

According to Statista, the artificial intelligence (AI) market in India was valued at over $4.1 billion in 2023, with machine learning (ML) accounting for the largest share at $2.7 billion. The market is expected to grow at a compound annual growth rate (CAGR) of 29.1% from 2024\u20132032, with some projections estimating it could reach $17 billion by 2027.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t

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AI holds significant promise for transforming the Government and Public Services (GPS) sector by automating tasks, enhancing policy analysis, and promoting transparency. As per the EY survey, 61% of GPS organizations believe that Generative AI (Gen AI) will enhance the citizen experience, while 67% believe that it will act as a catalyst to drive innovation. By 2026, 60% of governments will close digital gaps by automating and connecting data, processes, and employees and deploy AI-enabled platforms for intelligent operations end-to-end. The EY survey also reveals that 50% of GPS organizations are ready to implement their first Gen AI solution within one year, expecting significant impacts on various government departments and functions, ranging from data-driven decision-making and enhanced citizen engagement to driving overall efficiencies across processes.<\/p>

Generative AI has truly taken the world by storm, revolutionizing the way we communicate, work, and innovate. Going forward, this technology could help write code, design new drugs, develop products, redesign business processes, and transform supply chains. A 2022 McKinsey survey shows that AI adoption has more than doubled over the past five years, and investment in AI is increasing rapidly.<\/p>

According to Gartner’s “Predicts 2024” research, by 2026, more than 90% of IT operations management vendors will have embedded Gen AI capabilities in their products and services, up from less than 5% in 2023. An IDC study predicts that AI spending in the Asia-Pacific region is forecast to grow at a compound annual growth rate (CAGR) of 28.9% from 2022, reaching $90.7 billion by 2027. Additionally, 70% of Asia-Pacific organizations cited Gen AI as a significant or dominant factor driving up IT spending. AI-augmented quality management investigation and recommendation systems, along with automated threat intelligence and prevention systems, are expected to significantly impact the market. By 2028, real-time sentiment analytics powered by CX analytics at the edge will drive 33% of customer engagements, delivering 10% growth in customer loyalty and retention for banking firms. The integration of AI\/ML into robotic and automation routines within industrial operations is projected to increase by 30%, driving higher efficiencies and a 10% reduction in downtime.<\/p>

Aligned with recent disruptions from digital transformation, which have fundamentally reshaped the strategies of IT leaders in fortifying businesses and driving growth, India’s ambitious goal to transition into a $5 trillion digital economy, as highlighted by Finance Minister Nirmala Sitharaman, underscores the pivotal role of technology in fostering innovation and revolutionizing enterprises.<\/p>

In 2024, Gartner projects worldwide public cloud end-user spending to surge to $679 billion, driven by the imperative for business innovation fueled by emerging technologies like Gen AI. As organizations increasingly deploy Gen AI services, the scale of infrastructure required leads them to turn to the public cloud. However, effectively leveraging Gen AI necessitates cloud providers addressing non-technical challenges such as cost, sovereignty, and sustainability. Hyperscalers capable of meeting these demands stand to seize a significant revenue opportunity amidst the growing adoption of Gen AI.<\/p>

With a growing number of companies in the region accelerating their digital transformation customized for India, the upcoming AI Summit presents a pivotal opportunity to convene and explore the synergies between AI technologies. By converging at this summit, participants can gain valuable insights into the evolving landscape of technology and its integration with AI, thereby driving innovation across industries and within businesses. Delve into the latest trends and best practices shaping the dynamic realm of infrastructure, with a dedicated focus on vital topics such as availability, scalability, and monitoring. The summit will provide a comprehensive exploration of how AI can enhance business operations and competitive positioning, equipping attendees with the knowledge and tools needed to stay ahead in a rapidly evolving technological landscape.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Key topics at DataCon 2024<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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One of the key focal points of the summit will be the role of cloud computing in driving digital transformation. With the proliferation of cloud technologies, organizations are reimagining their IT infrastructure, embracing scalability, agility, and cost-effectiveness. Sessions at the summit will delve into best practices for cloud adoption, hybrid cloud strategies, and the future of cloud-native architectures.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Data security will also take center stage, as organizations grapple with the increasingly complex threat landscape. With cyberattacks on the rise, safeguarding sensitive data and ensuring regulatory compliance are top priorities for IT leaders. The summit will feature discussions on emerging cybersecurity threats, data privacy regulations, and strategies for implementing robust security measures.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Artificial intelligence and its transformative potential will be another key theme of the summit. From machine learning algorithms to advanced predictive analytics, AI is revolutionizing how organizations leverage data to drive business outcomes. Sessions will explore the latest advancements in AI technology, practical use cases across industries, and ethical considerations in AI deployment.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Furthermore, the summit will shed light on the emergence of generative AI, also known as Gen AI, which promises to take AI capabilities to new heights. Gen AI encompasses technologies that can autonomously create, adapt, and improve upon existing AI models, paving the way for unprecedented innovation and efficiency in data-driven decision-making.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Analytics will continue to play a crucial role in unlocking the full potential of data. Sessions will delve into advanced analytics techniques, such as prescriptive analytics and real-time data processing, enabling organizations to extract actionable insights from vast volumes of data in real-time.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Finally, the summit will explore the importance of customer experience in the digital age. With consumers demanding seamless, personalized interactions across all touchpoints, organizations must leverage data-driven insights to deliver exceptional customer experiences. Sessions will focus on leveraging data analytics, AI, and machine learning to enhance customer engagement, drive loyalty, and optimize the customer journey.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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With a diverse lineup of speakers, interactive sessions, and networking opportunities, the DataCon summit is set to empower organizations to harness the power of data and drive innovation in the years to come.<\/p>\n\t\t\t\t<\/div>\n\t\t\t<\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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The conclave over the past 4 editions has drawn over 1500+ people with 200+ speakers and featured 50+ chat sessions with eminent speakers including Joyce L. Myers, Chief Data & Analytics Officer, U.S. Army Aviation and \u00a0Missile Command, Vijay Balakrishnan, Global Chief Data Officer, Michelin, Daniel Jevons, VP Computational Science & Digital Innovation & IT CTO, Shell, Brijesh Singh, Inspector General of Police, Government of Maharashtra, Sunil Kumar, Deputy Director General, National Informatics Centre, Government of India and many other technology and security leaders.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Key topics at DataCon 2025<\/h5>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tOne of the key focal points of the summit will be the role of cloud computing in driving digital transformation. With the proliferation of cloud technologies, organizations are reimagining their IT infrastructure, embracing scalability, agility, and cost-effectiveness. Sessions at the summit will delve into best practices for cloud adoption, hybrid cloud strategies, and the future of cloud-native architectures.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tData security will also take center stage, as organizations grapple with the increasingly complex threat landscape. With cyberattacks on the rise, safeguarding sensitive data and ensuring regulatory compliance are top priorities for IT leaders. The summit will feature discussions on emerging cybersecurity threats, data privacy regulations, and strategies for implementing robust security measures.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tArtificial intelligence and its transformative potential will be another key theme of the summit. From machine learning algorithms to advanced predictive analytics, AI is revolutionizing how organizations leverage data to drive business outcomes. Sessions will explore the latest advancements in AI technology, practical use cases across industries, and ethical considerations in AI deployment.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tFurthermore, the summit will shed light on the emergence of generative AI, also known as Gen AI, which promises to take AI capabilities to new heights. Gen AI encompasses technologies that can autonomously create, adapt, and improve upon existing AI models, paving the way for unprecedented innovation and efficiency in data-driven decision-making.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tAnalytics will continue to play a crucial role in unlocking the full potential of data. Sessions will delve into advanced analytics techniques, such as prescriptive analytics and real-time data processing, enabling organizations to extract actionable insights from vast volumes of data in real-time.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tFinally, the summit will explore the importance of customer experience in the digital age. With consumers demanding seamless, personalized interactions across all touchpoints, organizations must leverage data-driven insights to deliver exceptional customer experiences. Sessions will focus on leveraging data analytics, AI, and machine learning to enhance customer engagement, drive loyalty, and optimize the customer journey.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
  • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t<\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\tWith a diverse lineup of speakers, interactive sessions, and networking opportunities, the DataCon summit is set to empower organizations to harness the power of data and drive innovation in the years to come.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    Overview Transforming Enterprises Towards an AI-Driven Future Technology has been instrumental in helping businesses navigate through formidable challenges, and its significance will only amplify in India’s digital future, fueled by the rapid adoption of new digital services among citizens. Whether you belong to a digitally proficient workforce or an enterprise seeking to embrace cutting-edge tools and technologies to enhance business competitiveness, your trajectory towards growth hinges on the innovation of AI. According to Statista, the artificial intelligence (AI) market in India was valued at over $4.1 billion in 2023, with machine learning (ML) accounting for the largest share at $2.7 billion. The market is expected to grow at a compound annual growth rate (CAGR) of 29.1% from 2024\u20132032, with some projections estimating it could reach $17 billion by 2027. AI holds significant promise for transforming the Government and Public Services (GPS) sector by automating tasks, enhancing policy analysis, and promoting transparency. As per the EY survey, 61% of GPS organizations believe that Generative AI (Gen AI) will enhance the citizen experience, while 67% believe that it will act as a catalyst to drive innovation. By 2026, 60% of governments will close digital gaps by automating and connecting data, processes, and employees and deploy AI-enabled platforms for intelligent operations end-to-end. The EY survey also reveals that 50% of GPS organizations are ready to implement their first Gen AI solution within one year, expecting significant impacts on various government departments and functions, ranging from data-driven decision-making and enhanced citizen engagement to driving overall efficiencies across processes. Generative AI has truly taken the world by storm, revolutionizing the way we communicate, work, and innovate. Going forward, this technology could help write code, design new drugs, develop products, redesign business processes, and transform supply chains. A 2022 McKinsey survey shows that AI adoption has more than doubled over the past five years, and investment in AI is increasing rapidly. According to Gartner’s “Predicts 2024” research, by 2026, more than 90% of IT operations management vendors will have embedded Gen AI capabilities in their products and services, up from less than 5% in 2023. An IDC study predicts that AI spending in the Asia-Pacific region is forecast to grow at a compound annual growth rate (CAGR) of 28.9% from 2022, reaching $90.7 billion by 2027. Additionally, 70% of Asia-Pacific organizations cited Gen AI as a significant or dominant factor driving up IT spending. AI-augmented quality management investigation and recommendation systems, along with automated threat intelligence and prevention systems, are expected to significantly impact the market. By 2028, real-time sentiment analytics powered by CX analytics at the edge will drive 33% of customer engagements, delivering 10% growth in customer loyalty and retention for banking firms. The integration of AI\/ML into robotic and automation routines within industrial operations is projected to increase by 30%, driving higher efficiencies and a 10% reduction in downtime. Aligned with recent disruptions from digital transformation, which have fundamentally reshaped the strategies of IT leaders in fortifying businesses and driving growth, India’s ambitious goal to transition into a $5 trillion digital economy, as highlighted by Finance Minister Nirmala Sitharaman, underscores the pivotal role of technology in fostering innovation and revolutionizing enterprises. In 2024, Gartner projects worldwide public cloud end-user spending to surge to $679 billion, driven by the imperative for business innovation fueled by emerging technologies like Gen AI. As organizations increasingly deploy Gen AI services, the scale of infrastructure required leads them to turn to the public cloud. However, effectively leveraging Gen AI necessitates cloud providers addressing non-technical challenges such as cost, sovereignty, and sustainability. Hyperscalers capable of meeting these demands stand to seize a significant revenue opportunity amidst the growing adoption of Gen AI. With a growing number of companies in the region accelerating their digital transformation customized for India, the upcoming AI Summit presents a pivotal opportunity to convene and explore the synergies between AI technologies. By converging at this summit, participants can gain valuable insights into the evolving landscape of technology and its integration with AI, thereby driving innovation across industries and within businesses. Delve into the latest trends and best practices shaping the dynamic realm of infrastructure, with a dedicated focus on vital topics such as availability, scalability, and monitoring. The summit will provide a comprehensive exploration of how AI can enhance business operations and competitive positioning, equipping attendees with the knowledge and tools needed to stay ahead in a rapidly evolving technological landscape. Key topics at DataCon 2024 One of the key focal points of the summit will be the role of cloud computing in driving digital transformation. With the proliferation of cloud technologies, organizations are reimagining their IT infrastructure, embracing scalability, agility, and cost-effectiveness. Sessions at the summit will delve into best practices for cloud adoption, hybrid cloud strategies, and the future of cloud-native architectures. Data security will also take center stage, as organizations grapple with the increasingly complex threat landscape. With cyberattacks on the rise, safeguarding sensitive data and ensuring regulatory compliance are top priorities for IT leaders. The summit will feature discussions on emerging cybersecurity threats, data privacy regulations, and strategies for implementing robust security measures. Artificial intelligence and its transformative potential will be another key theme of the summit. From machine learning algorithms to advanced predictive analytics, AI is revolutionizing how organizations leverage data to drive business outcomes. Sessions will explore the latest advancements in AI technology, practical use cases across industries, and ethical considerations in AI deployment. Furthermore, the summit will shed light on the emergence of generative AI, also known as Gen AI, which promises to take AI capabilities to new heights. Gen AI encompasses technologies that can autonomously create, adapt, and improve upon existing AI models, paving the way for unprecedented innovation and efficiency in data-driven decision-making. Analytics will continue to play a crucial role in unlocking the full potential of data. Sessions will delve into advanced analytics techniques, such as prescriptive analytics and real-time data processing, enabling organizations to extract actionable insights from vast volumes of data in<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-350","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/et-edge.com\/conferences\/ai\/wp-json\/wp\/v2\/pages\/350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/et-edge.com\/conferences\/ai\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/et-edge.com\/conferences\/ai\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/et-edge.com\/conferences\/ai\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/et-edge.com\/conferences\/ai\/wp-json\/wp\/v2\/comments?post=350"}],"version-history":[{"count":124,"href":"https:\/\/et-edge.com\/conferences\/ai\/wp-json\/wp\/v2\/pages\/350\/revisions"}],"predecessor-version":[{"id":2351,"href":"https:\/\/et-edge.com\/conferences\/ai\/wp-json\/wp\/v2\/pages\/350\/revisions\/2351"}],"wp:attachment":[{"href":"https:\/\/et-edge.com\/conferences\/ai\/wp-json\/wp\/v2\/media?parent=350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}