The next phase of evolution involves gaining a level of autonomy in operations and making smarter decisions. Business processes and operations must be infused with intelligence end-to-end, using explainable algorithms and smart contracts. As AI adoption matures, algorithms will evolve to take on the functions of inference and decisions that were once the exclusive domain of humans.<\/p>\n\n\n\n

Innovative AI-driven industry platforms and ecosystems will come into existence, creating new revenue streams. A case in point is Skywise, an aviation data platform developed by Airbus. It allows aircraft owners and operators to collect data \u2013 throughout its manufacturing and operational life \u2013 onto a single platform and apply AI-driven analytics to help them make informed decisions that improve aircraft operations.<\/p>\n\n\n\n

Here is another example of AI-powered data and analytics enabling utilities to become carbon neutral from a supply standpoint. A cloud data analytics platform provides them with real-time insights on grid operations. To build grid resiliency programs, utilities use advanced AI\/ML models to run on massive datasets to analyse, classify, and associate unstructured datasets. Detailed insights on usage and billing ensure energy efficiency.<\/p>\n\n\n\n

The success of a data-based economy must be supported by sound policies on data ownership, exchange, retention, protection, and usage to ensure the data-centric structure of the enterprise is well protected. Similarly, business leaders must re-think governance to formulate and enforce policies on the ethical use of AI and algorithms to eliminate bias while providing autonomous command and control.<\/p>\n\n\n\n

Summary<\/strong><\/h2>\n\n\n\n

With the explosion of data, digital transformation will only work if systems and processes are platform-ized. As we\u2019ve seen in the pandemic, data-rich and data-powered businesses adapted better to the new normal.<\/p>\n\n\n\n

Enterprises will have to establish a symbiotic relationship with their customers, partners, community, government, and the environment at large across geographies. They will need to invest in and leverage AI to fuel data and analytics to augment business intelligence and drive further innovation and efficiencies.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Satish H C, Executive Vice President, Data & Analytics and Digital, Infosys Limited We are in a transformative era where the confluence of cloud, data, AI, and automation have …<\/p>\n","protected":false},"author":564,"featured_media":137635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_glsr_average":0,"_glsr_ranking":0,"_glsr_reviews":0,"footnotes":""},"categories":[40,39],"tags":[],"class_list":["post-137632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analytics","category-data"],"_links":{"self":[{"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/posts\/137632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/users\/564"}],"replies":[{"embeddable":true,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/comments?post=137632"}],"version-history":[{"count":1,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/posts\/137632\/revisions"}],"predecessor-version":[{"id":137636,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/posts\/137632\/revisions\/137636"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/media\/137635"}],"wp:attachment":[{"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/media?parent=137632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/categories?post=137632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aijourn.com\/wp-json\/wp\/v2\/tags?post=137632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}