2023 will invariably be remembered as a landmark year when the tidal wave of ‘AI’ swept across the globe. Having been brewing under the surface for well over a decade, AI and a slew of intertwined technologies like IoT, Robotics, ML and Data Analytics stand at the precipice of irreversibly transforming age-old workflows and, in the process, ushering in a new dawn for how economic value is inherently created. The transition from a ‘technology-assisted’ economy to a partially & eventually even a wholly autonomous one, has well & truly begun!
Characterized by the ethos of ‘increased efficiency, productivity & data-driven accuracy’, automation has progressively permeated into almost every single industry worldwide. From generative AI (OpenAI, NVIDIA, Lumen5, Midjourney), logistics & delivery via drones (Ameriflight), autonomous vehicles (GM Cruise, Waymo, Tesla) & healthcare (Intuitive Surgical, Aidoc, Beckman Coulter) to the energy ecosystem (Siemens, Schneider Electric), precision agriculture & farm management (Taranis, John Deere), manufacturing (FANUC) and cybersecurity (Palo Alto Networks, Splunk, Tenable), the possibilities are seemingly endless.
Amidst all the chatter of a revolutionary upheaval of business models & the promise of previously unparalleled optimization of resources (human & machine alike), the socio-economic impact of an autonomous economy cannot be understated either. With millions of jobs facing replacement by AI & Robotics-led systems, an unprecedented upskilling and/or reskilling awaits a majority of the industrial workforce, eventually giving rise to a ‘new collar worker’, requiring a high proficiency in the management of automated frameworks.
As we set foot into a new dawn, companies who can quickly pivot to leverage the power of AI in the present, while parallelly strategizing & evolving in the background, to integrate automation into their very fabric in the long term, stand poised for sustained success in the coming decade!
Join us at the MarketsandMarkets Autonomous Economy Roundtable - Chapter 2 on 22nd October 2023 as we convene eminent cross-industry veterans & notable business leaders for a deep dive into the overall effects of cutting-edge technology on revenue streams & long-standing workflows, the rise of the man-machine model & subsequent shift in skillsets, as we attempt to gauge the pulse of how industries shall rise & fall in the age of the Autonomous Economy!
Chief Operating Officer, MarketsandMarkets
Senior Vice President | Chief of Strategy, Innovation, and Industry Solutions, NTT DATA Services
Principal Consultant, Business Strategy, Ericsson inCode
VP and Global Head Venturing, Technology and Innovation, Tata Communications
Senior Vice President and Delivery Head for Digital Business - Tech Industries & Telecom, HCLTech
Worldwide Head - Automotive, Amazon Web Services (AWS)