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Invest in Augmented Intelligence for digital transformation: Gartner analyst

Gartner predicts that by 2023, 50 per cent of major enterprises will use digital twins of the organisation in combination with digital business platforms.

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New Delhi, Nov 16: Companies should focus on “Augmented Intelligence”, digital product management, and in creating a digital twin of an organisation (DTO) for their next level of digital transformation and boost in growth, a top Gartner analyst has said.

Augmented Intelligence is the step beyond Artificial Intelligence (AI), where you marry AI with human capability, Partha Iyengar, Vice President and Gartner Fellow, told IANS in a telephonic interaction.

The concept refers to implementation of AI not just as a replacement of human work through automation, but as a means to augment their abilities.

“Augmented Intelligence could be applied across processes, across verticals and even across job functions,” Iyengar said, adding that some organisations in India, including Indian Oil, have already started focusing on AI augmentation in a big way.

Globally, Singapore is at the forefront of implementing AI augmentation, according to Iyengar.

“They have created DTO where the organisation happens to be Singapore itself and there they are using Augmented Intelligence for a better future — providing healthcare, emergency services, improved citizen services, etc.”

With digital twins, organisations can simulate business processes and change things with the digital model first before supplying within enterprises, thereby helping them take better business decisions, Iyengar said.

Gartner predicts that by 2023, 50 per cent of major enterprises will use digital twins of the organisation in combination with digital business platforms.

According to a Gartner report, AI augmentation will generate $2.9 trillion in business value and recover 6.2 billion hours of worker productivity by 2021.

AI will create 2.3 million jobs in 2020, while eliminating 1.8 million, the report, titled “Predicts 2018: AI and the Future of Work”, said.

Starting in 2020, AI-related job creation will cross into positive territory, reaching two million net-new jobs in 2025, it added.

“In general, technology adoption in India is keeping pace with global trends. Increasingly, business leaders are thinking that technology could be a strong determinant for growth of their organisations and we are seeing that happening in India as well,” Iyengar said.

“The earlier separation that existed between business leaders and IT personnel are disappearing in Indian enterprises. That will accelerate technology adoption,” he added.

Implementation of AI augmentation could be all pervasive in India in three to five years, he said. But there are still a few barriers to technology-adoption in India, the biggest among which is culture, Iyengar added.

“The biggest obstacle is culture. The technology is the easier part, but adapting your enterprise culture to embrace and completely adopt the technology is the first barrier that we see,” he added.

Finding people with the right skills is the second barrier to technology adoption, he said.

“The third is the danger of chasing technology for technology’s sake. You need to have the organisation’s readiness in place before implementing new technology. You need to have very specific business use-cases to which you want the technology to be applied,” he added.

The silver lining, he added, was that Indian companies continue to have the highest technology budget in the world for the sixth year in a row.

“Technology budget is different from the IT budget. And even in IT budget, Indian companies lead the world,” he added.

According to the findings of the “2019 Gartner CIO Agenda survey”, the transformation toward digital business is supported by steady IT budget growth. Indian IT budgets are expected to grow by 3.9 per cent in 2019, which is less than the 7.4 percent growth rate of the previous year, showed the findings presented at the ongoing Gartner Symposium/ITxpo in Panaji, Goa.

This slowing can be attributed to the larger macro-economic situation concerning slow economic growth, corporate earnings and market volatility, the study showed.

Despite the slowdown, Indian IT budget would still be higher than the global average. Globally, CIOs expect their IT budgets to grow by 2.9 per cent in 2019, the findings showed.

IANS

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Eliminated JeM leadership within 100 hrs of Pulwama attack: Army

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Dantewada Attack

Srinagar, Feb 19 (IANS) The Indian Army on Tuesday said within 100 hours of the February 14 Pulwama attack on a CRPF convoy that left 40 troopers dead, it eliminated the Jaish-e-Mohammad (JeM) leadership in the valley that planned and executed the deadly carnage.

This was stated by Lt Gen K.S. Dhillon of the 15 Corps Commander, at a joint press briefing here in Jammu and Kashmir, along with officials state police and the Central Reserve Police Force (CRPF).

He also made it clear that the Pulwama attack was carried out by the JeM, which is based in Pakistan, with active support of the Inter-Services Intelligence (ISI) and the Pakistan Army.

“Within 100 hours of the Pulwama terror attack, we hit the JeM in the Kashmir Valley which was being handled by the Pakistan-based JeM,” Dhillon said.

He also added that the details of the two terrorists and one local conduit who were killed in the operation was shared on Monday.

“The local commanders, most of them Pakistanis, who were in-charge of controlling, coordinating, fabricating and executing the attack on Thursday, were the top leadership of the JeM in the valley,” Dhillon said.

Since the JeM leadership was already being tracked, the Indian operation was launched on Sunday night on specific information of the module.

Giving a stern warning to sympathisers of the terror movement in the state, he said: “Anyone who picks up a gun in Kashmir will be eliminated, unless the person surrenders.”

“I would also like to tell one thing to the parents of the Kasmhiri youths, especially the mothers, as I understand that they have a key role. Through you, I request the sons to surrender and join the main stream,” the officer said.

In the biggest crackdown after the February 14 attack by a suicide bomber that left 40 CRPF troopers dead in Pulwama district, the security forces ringed a militant hideout in Pinglena village, just 10 km from the Thursday’s terror attack site, triggering a gun battle Sunday overnight that continued intermittently till Monday evening.

They killed three militants of the Pakistan-backed JeM, two of them Pakistani nationals identified as Kamran and Abdul Rashid alias Ghazi Umar. Besides, a Major, three soldiers and a civilian were also killed in the initial burst of gunfire by the militants.

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Dealings of European missile manufacture under scanner

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Rafale Fighter Jet

New Delhi, Feb 17 (IANS) A leading European arms manufacturer MBDA, which supplies missiles for the Rafale jets, has come under the scanner of probe agencies here for its suspected links with lobbyist Deepak Talwar, who was extradited from Dubai last month.

The country head of MBDA, Loic Piedevache, has been summoned by the Enforcement Directorate to appear before it on Monday in connection with the probe relating to the company’s links to Talwar, who is believed to have steered several deals with Airbus, which holds a stake in MBDA, during the UPA regime, according to sources.

Infrastructure major Larsen & Toubro had entered into a joint venture with MBDA to supply missiles and missile systems to the Indian armed forces.

L&T holds 51 per cent stake in the joint venture, L&T MBDA Missile Systems, and had identified defence as one of the key drivers for achieving growth in the sector.

The sources claimed that apart from questions on the company’s engagement with the Indian forces, Piedevache would also be questioned on the alleged payments to Talwar’s NGO. Advantage India, to the tune of Rs 88 crore between 2012 and 2015, from MBDA and Airbus.

Later, the entire money was said to have been withdrawn in cash by using “fake purchases”, the sources said.

Analysts said this was probably a rare occasion when the India head of a leading international firm was being summoned by a probe agency.

Piedevache has been heading the company’s operations in India for a decade. The Mirage upgrade programme and Rafale were signed during Piedevache’s tenure in India and he could be privy to information, the sources said.

“If required, the probe agency may also summon group export director Jean-Luc Lamothe. First of all, Piedevache would be asked to explain the company’s payments to Talwar’s NGO,” the sources said.

Piedevache could not be reached for his comments. An MBDA spokesperson said the company would support the authorities in their probe. It maintained that it had supported social development initiatives in India as part of corporate social responsibility, which included some payments to the NGO.

The company is involved in the Rs 30,000 crore offset programme associated with the 36 war planes.

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Rupee weakened against $ in choppy weekly trade

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India Rupee

Mumbai, Feb 17 (IANS) In a choppy week’s trade, the Indian currency weakened against the US dollar to close above the 71 a dollar mark on Friday, owing to a sharp rise in crude oil prices, turmoil in the equity markets and uncertainty around the US-China trade relations.

In what could translate into further trouble for the domestic currency, analysts see an upward move of 6 to 7 per cent in the Brent crude prices in the coming week.

The rupee lost heavily towards the end of the week – over 70 paise in the last three trading session – as traders reacted to the sanction on Venezuela and production cut by OPEC and Saudi Arabia.

Sajal Gupta, Head Fx & Rates Edelweiss, said “technically … crude now looks set for another 6-7 per cent rise” which would mean that the rupee was likely to depreciate further in the coming sessions. “And if Rs 71.80 per dollar is broken, we can head towards Rs 72.50 mark.”

Among other factors impacting the currency, Gupta said, with crude and dollar index giving breakout, rupee would remain under pressure. Trade deficit data released on Friday post market was also not very encouraging with monthly deficit touching almost 15 billion dollars.

“Political tensions would also remain heightened with key leaders vowing strong retaliation in wake of the biggest terror attack in the Kashmir valley.”

Explaining the factors which has caused volatility, Anindya Banerjee of Kotak said the currency markets largely depend on the capital flows … and right now the fear of a possible retaliation by the government in response to the Pulwama attack is having an affect.

“The context of the whole event is also important because (Lok Sabha) elections are around the corner,” Banerjee said.

Also, the currency losing against the dollar and rising crude oil prices was a double whammy for the bond markets, he added.

On the global front, discussing the factors affecting the currency, Banerjee said, the Chinese economy was very fragile right now and moreover investors were looking for developments in the US-China trade talks.

However, Gurang Somaiya, currency analyst, Motilal Oswal, felt that the rupee was protected from any major weakness as “Foreign Institutional Investment (FII’s) came around good”, especially in February.

According to data from the bourses, FII has seen inflows worth Rs 1,096 crore in February.

India on Friday revoked the Most Favoured Nation Status (MNS) of Pakistan and has warned that more stern actions will follow the attack in Pulwama. Additionally, equity markets have declined for 6 straight sessions showing weak investor sentiments.

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