At the 9th TiECON Chandigarh, artificial intelligence (AI) was the most talked-about issue. Stakeholders agreed that AI is going to play a major role in many businesses and industries.
During a session titled “AI in practice: Real-world applications and implications,” the focus of discussion was on AI’s potential for automation. It was estimated that this technology might automate approximately 40% of labour.
The inventor of XLScout and XLPAT, Jitin Talwar, provided insights on the influence of AI, noting that 18% of work has already been automated and that it will impact 6% of the world GDP.
In his exploration of AI applications for companies, Vinayak Hegde, CTO-in-Residence at Microsoft for companies, introduced “5C Network” as a healthcare co-pilot that automates processes like MRI scans.
He discussed how “One Pitch AI” can serve as a salesperson’s wingman, supporting them with their research and pitching.
Former Swiggy CTO and former Amazon director Dale Vaz reviewed the history of artificial intelligence (AI), showing how it was first applied in 2007 for searches and recommendations and how it is currently used to estimate delivery times for popular app-based delivery services.
According to him, artificial intelligence (AI) is not a superpower but rather a journey that “takes over the complexity of the business.” However, it isn’t flawless. Because riders may need to refuel while travelling, we still can’t guarantee delivery on time. Thus, there is room for education.
The creator of DigitalXForce Dallas, Lalit Ahluwalia, discussed the difficulties posed by deepfakes and emphasised how AI is incorporated into many facets of life, imagining a time when individuals “live” digitally.
The creator of Chaupal OTT, Ujjwal Mahajan, described in detail the AI uses in his streaming service, including instances such tag display, alcohol and smoking warnings, and even dubbing automation.
He talked about how AI may be used by streaming services like Netflix to assess viewing patterns and provide viewers more personalised recommendations.
The complementary economies of the UK and India, as well as London’s growing status as an AI hub, were highlighted by Harjinder Kang, UK’s HM trade commissioner for south Asia, during a session examining international expansion, trade, and innovations in nations like the UK, Canada, and the USA.
Minister of Commerce Jennifer Daubeny of the Canadian High Commission in New Delhi spoke on the implications of AI and emphasised Toronto’s reputation as a centre for AI-based businesses, which are projected to generate 16,000 new employment.
