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AI and data analytics have become strategic imperatives for businesses – The Financial Express

The latest surge in GenAI adoption highlights each its promise and challenges. Many corporations are starting to see tangible advantages by making use of GenAI to particular use circumstances however widespread implementation faces hurdles, says Shukri Dabaghi, senior VP — EMEA Rising Markets & Asia Pacific, SAS. On this interview, he talks to Sudhir Chowdhary concerning the function of information analytics and SAS’ technique to help numerous industries. Edited excerpts:

How does your strategy to GenAI differ from different gamers?

At SAS, our AI technique is leveraging GenAI by our Viya 4 platform to empower organisations with nice productiveness and effectivity positive factors. Not like conventional approaches, SAS Gen AI options combine superior analytics and domain-specific data to ship validated and moral AI fashions tailor-made to our prospects’ wants. By combining GenAI with SAS Viya, we allow organisations to derive actionable intelligence swiftly and successfully. This implies offering solutions that aren’t simply complete but in addition immediately relevant to particular enterprise challenges. SAS distinguishes itself within the Gen AI panorama by delivering options which are each highly effective and purposeful, driving measurable worth and selling a tradition of data-driven excellence.

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Why is information analytics changing into essential throughout industries?

Analytics transforms organisations into resilient and agile entities. Strategic use of analytics, resembling with SAS Viya, empowers corporations to optimise processes, anticipate market adjustments, and shortly reply to buyer calls for. Leveraging AI-driven insights, organisations can personalise buyer interactions, forecast developments, and innovate quickly, which is important in fast-paced industries.  Analytics additionally ensures compliance and efficient threat administration, essential in regulatory environments like that of India. Embracing analytics not solely ensures survival but in addition instills a profound sense of reassurance and confidence to thrive in aggressive international markets.

What new aspects are favouring your progress within the Indian market?

Our  trajectory within the Indian market has been spectacular, pushed by strong double-digit progress and a dedication to innovation. India’s market measurement and forward-thinking strategy in information and AI adoption are notable globally.  There’s a robust urge for food amongst Indian enterprises  to discover and undertake cutting-edge options. Our funding within the area, together with our second-largest R&D centre  after the US, underscores our confidence in India’s capabilities to drive innovation.

The important thing to our success lies in understanding the distinctive wants of Indian enterprises, a lot of which handle buyer bases that surpass international requirements by orders of magnitude. Whether or not in banking, or in insurance coverage,  Indian organisations face the problem of catering to numerous and quickly evolving client preferences. AI and information analytics have thus turn into strategic imperatives, serving to companies to know and fulfill market calls for successfully.

What methods is SAS using to faucet new buyer segments in India?

Our strategy in India revolves round understanding our prospects’ challenges and delivering tailor-made options that drive tangible enterprise outcomes. We help income assurance and fraud detection within the authorities sector. Equally, monetary establishments depend on SAS to crunch huge quantities of information quickly and develop complicated fashions supporting essential decision-making processes.

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