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On July 19, 2024
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[1]
AI reshaping industries, 'cornerstone' of business strategy: Rishad Premji
"We have been intentional in serving as client zero for our own AI solutions, disrupting ourselves in the process. We have leveraged our talent to build GenAI-based solutions that streamline our internal processes, create delightful experiences, and boost productivity throughout our organization. For example, WiNow, our AI-powered enterprise chat bot for self-service is used by nearly all our employees, and has processed around 6.5 million queries."
[2]
AI a distinct opportunity to reshape industries: Wipro Chairman Premji
"We have been intentional in serving as client zero for our own AI solutions, disrupting ourselves in the process. We have leveraged our talent to build GenAI-based solutions that streamline our internal processes, create delightful experiences, and boost productivity throughout our organisation. For example, WiNow, our AI-powered enterprise chatbot for self-service, is used by nearly all our employees and has processed around 6.5 million queries," said Premji.
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Wipro Chairman Rishad Premji emphasizes the transformative power of AI across industries, highlighting its potential to reshape business strategies and drive innovation.
Wipro Chairman Rishad Premji has emphasized the transformative power of Artificial Intelligence (AI), describing it as a "distinct opportunity" to reshape industries and become a cornerstone of business strategy [1]. Speaking at the company's 77th Annual General Meeting (AGM), Premji highlighted the rapid advancements in AI technology and its potential to drive innovation across various sectors.
Premji noted that AI is not just a technological advancement but a fundamental shift in how businesses operate. He stated, "AI is reshaping industries and has become the cornerstone of business strategy" [2]. This observation underscores the growing importance of AI in driving competitive advantage and operational efficiency across diverse sectors.
As a leader in the IT services industry, Wipro has been at the forefront of AI adoption and innovation. Premji revealed that the company has been investing significantly in AI capabilities:
While acknowledging the immense potential of AI, Premji also addressed the challenges that come with its rapid adoption:
Despite these challenges, Premji remains optimistic about the opportunities AI presents, particularly in areas such as:
Premji also touched upon how AI is reshaping the future of work. He emphasized that while AI will automate certain tasks, it will also create new job roles and opportunities:
In conclusion, Premji outlined Wipro's vision for an AI-driven future:
By positioning itself at the forefront of the AI revolution, Wipro aims to help its clients navigate the complexities of digital transformation and harness the full potential of AI technologies [2].
Reference
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Ola CEO Bhavish Aggarwal highlights India's potential in AI development, while experts emphasize the importance of AI adoption and usage for India's technological growth.
2 Sources
A panel discussion at the Economic Times Women's Leadership Forum explores the impact of AI in India, emphasizing the need for adaptation and regulation in the rapidly evolving technological landscape.
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A recent SAP study reveals that Indian midmarket companies are leading the charge in adopting generative AI technologies, with 96% prioritizing AI implementation. This trend highlights India's accelerated digital transformation efforts compared to global counterparts.
2 Sources
Mukesh Ambani, Chairman of Reliance Industries, emphasizes the transformative potential of AI in India. The conglomerate plans to leverage AI across its businesses, aiming to revolutionize various sectors and boost India's technological capabilities.
6 Sources
HGS CEO Partha DeSarkar discusses the opportunities for generative AI in sectors facing manpower shortages. He highlights the technology's potential to enhance productivity and efficiency in various industries.
2 Sources