KX's Strategic Growth: Generative AI Pioneering Digital Futures
Artificial intelligence (AI) stands out as a revolutionary force in the ever-evolving world of modern technology, transforming industries, economies, and the fabric of our everyday lives. The strategic integration of AI is no longer merely a competitive advantage as we traverse the complexity of today's environment; it is now a necessity for those who want to succeed in the digital era.
AI is the hottest buzzword, with the ability to slowly transform science into reality. According to a PWC report, by 2035, AI might contribute $15.7 trillion to the global economy. The AI industry in India is being driven by a large pool of qualified personnel in the science, technology, engineering, and mathematics (STEM) sectors, which leads to the development of novel AI algorithms, applications, and solutions for both domestic and worldwide markets.
Harjinder Kang, His Majesty’s Trade Commissioner for South Asia, and the British Deputy High Commissioner for Western India spoke about the changing landscape with the AI revolution. He said that the AI market is currently valued at 21 billion and is estimated to grow by 20–30 percent per year. There are about 300 companies in the field of AI operating in the UK, employing about 50k people.
He even highlighted the fact that the G20 has brought India onto the global map, which will create opportunities for human progress. “Bringing AI to the agenda was the key thing India managed to achieve. Economies such as India and the UK can create symbiotic relationships in various technological contexts, AI being one of those”, he added.
AI technologies include machine learning (ML), natural language processing (NLP), computer vision, and robots. AI is widely used in a variety of areas, including automation, healthcare, finance, and transportation, revolutionising industries by boosting human capabilities and enabling machines to accomplish complicated tasks effectively and independently.
Beyond Borders: India, UK, and AI Knowledge Connection
India envisaged artificial life, automatons (or robots), and self-moving devices long before technology allowed them to be realised. Generative AI is the solution to various existing and complex issues. Driving Gen AI can develop a human-centric approach to integrate and scale usage to build trust and responsibility among operations.
Ashok Reddy, CEO of KX, throws light on India having the best opportunity in the world in terms of leading in AI. He also discussed the importance of finding both core and differentiating AI-powered services or products, pointing out that a major role for the CEO will be to identify a company’s golden AI use cases for generative AI, ones that will drive competitive advantage. “Understanding core use cases will be strategically important; discovering unique ones will be transformative,” says Reddy.
He also touched on how the need for software-based artificial intelligence is driven by its flexibility, scalability, and simplicity of integration into existing systems. “Today's technical workforce is dominated by developers and analysts. The GenAI workforce may be dominated by humanists and prompt engineering.".
The Economics of AI: What It Brings
Software-based AI is cost-effective and accessible, allowing enterprises of all sizes to incorporate AI capabilities without large infrastructure expenditures. Reddy highlighted that a primary benefit of AI is that it decouples prediction from the decision-making process and transfers prediction from humans to machines. AI enables system-level innovation, he added.
Giving the right input and training in an actionable format is likely to produce outcome-based data. Decisions are the key building blocks for such systems, and AI enhances decision-making.
He pointed out that the value of AI unfolds when systems integrate with supervised learning, unsupervised learning, and generative AI to create reinforcement learning. The right balance and decisions of discriminative and generative AI derive the route towards Golden AI.
Reddy Highlighted the KX Golden AI Use Cases
Time to Get 100x Faster with KX
Reddy is excited about the launch of KDB.AI, a knowledge-based vector database and search engine for real-time contextual AI. KDB.AI enables developers to create scalable, dependable, and real-time apps by delivering enhanced search, recommendation, and customization for AI applications using real-time data. He is confident about its potential to deliver significant benefits to Indian developers and data scientists with up to 100x the performance of alternative solutions.
Tangible Outcomes Meeting Healthcare Aspirations
The rise of artificial intelligence (AI) in healthcare has been unconventional, transforming the way we diagnose, treat, and monitor patients. This technology is dramatically boosting healthcare research and outcomes by delivering a more accurate diagnosis and enabling more personalised treatments.
Rajeshwar Anand Raghavan, General Manager, RxDS India, a Syneos Health Company, talked about the improvement in drug development because of this emerging trend of AI in healthcare. “The biggest power we have with KX is its deployment capability into multiple numbers of solutions that you want,” he points out.
Using AI in healthcare allows medical personnel to make better-educated decisions based on more accurate information, saving time, lowering expenses, and enhancing overall medical records management. “The outputs are collated in a tangible manner, which can lead to informed decision-making and save a lot of time and money in the process of conducting a study”, mentions Raghavan.
Technology is a great help in storing databases. The management of huge amounts of data is not feasible to comprehend in the real world. Raghavan specified the key elements that can administer these items, benefiting the real world and the population. It combined support, scalability, cost-efficiency, multi-language operations, reliability, auto-shutdown, and stability.
