IT influencing companies to adopt AI and Machine Learning for business forecasting
By MYBRANDBOOK
Dr. Makarand Sawant
VP - IT
Sahyadri Group
CIO priorities for 2022
Organizations are now focusing on having a long term and short term digital strategy. It has to cover all the business functions and entire operations for identifying possible IT and digital interventions which can add value to overall business operations to fulfil strategic goals and leverage latest technologies.
Digitization - opportunities galore
IT has to drive digital interventions across organizations to tap new opportunities for growth and efficiency that can take the organization to the next level. Digital strategy and roadmap will play a critical role in enabling further expansions and growth of business.
Tech talent: A challenge
To encounter this challenge of skill sets organizations will have to leverage solutions that can be delivered as a service by the solution providers so that they do not have to depend on hiring and maintaining different skill sets. Adoption of cloud and SAAS solutions can overcome this challenge to some extent.
Technology & Brand amalgamation
The traditional sources of competitive advantage and typical barriers to entry like distribution, scale, and brands are melting away as technology enables overnight unicorns with global access to customers through digital channels. Branding has to be maintained through digital platforms created by companies to ensure brand value.
IT: The Future of India
The IT industry is helping many companies turn to AI and Machine Learning for business forecasting as it can monitor, analyze and adapt to changes in Big Data, and they can also find correlations in thousands of seemingly disparate metrics. The main advantage of Machine Learning for business forecasting is that one can take thousands of metrics that one has at the disposal and consider each one for the prediction at hand to plan far more accurately than with manual methods. Many Indian companies are adopting digital platforms in business for enabling business and leveraging technology to forecast the growth.
The traditional sources of competitive advantage and typical barriers to entry like distribution, scale, and brands are melting away as technology enables overnight unicorns with global access to customers through digital channels. Branding has to be maintained through digital platforms created by companies to ensure brand value.
BREAKING NEWS
TECHNO TRENDS
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
E-Magazine
TECHNOTAINMENT
Hrithik Roshan to endorse RuPay as Brand Ambassador
RuPay is reportedly planning to feature Bollywood superstar Hrithik Rosha
India Today Group launches – AI Pop Stars
Staying true to our industry leadership position in using cutting-edge tech
MOVERS & SHAKERS
TelioLabs ropes in Phaniraj V A as the Group CEO
TelioLabs has announced the onboarding of Phaniraj V A as its new Group CE
Wipro Appoints Amit Kumar as Managing Partner and Global Head
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology s
OPEN YOUR EYES
INTERVIEWS
Alpha Max offers high end solutions in the network space to en
The vision at Alpha Max is to attain quality as the trademark and create a
Cisco building a trusted and resilient future for the nation
Security is foundational to everything Cisco does and customers insist on e
HOT PICK
MSI Announces the availability of RTX 50 series of laptops in
MSI, the innovative computing manufacturer in gaming, creator
Nothing Phone (3a) goes on sale today, starting at Rs 19,999
The phone was launched on March 4, featuring a 50MP main, ultra-wide, and t
MAKE IN INDIA BRANDS
ACER INDIA PVT. LTD.
PDRL - Passenger Drone Research Pvt. Ltd.
PRAMA HIKVISION INDIA PRIVATE LIMITED
DIGISOL SYSTEMS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India : PRATIVA MOHAPATRA
Prativa is a transformational leader with an incredible breadth of exp...
ICONS OF INDIA : SACHIN BANSAL
Sachin Bansal is an Indian entrepreneur. He is best known as the found...
ICONS OF INDIA : SUNIL BHARTI MITTAL
Sunil Bharti Mittal is the Founder and Chairman of Bharti Enterprises,...
PARTNER SPEAKERS
PSU
NPCI - National Payments Corporation of India
NPCI is an umbrella organization for operating retail payments and set...
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
DRDO - Defence Research and Development Organisation
DRDO responsible for the development of technology for use by the mili...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Sundar Pichai, CEO- Alphabet Inc.
Sundar Pichai, the CEO of Google and its parent company Alphabet Inc.,...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...
Indian Tech Talent Excelling The Tech World - RAVI KUMAR S, CEO- Cognizant
Ravi Kumar S, appointed as CEO of Cognizant in January 2023, sets the ...
ITFORUM 2025
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
of images belongs to the respective copyright holders
