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Artificial intelligence is no longer an option but a necessity that will transform every aspect of every business in the world, digital consultancy firm Publicis Sapient CEO Nigel Vaz has said. Speaking with PTI during the World Economic Forum Annual Meeting that ended on Friday, Vaz also said he doesn't see much progress happening on any global regulation for AI and what was most likely that some standards will come from some countries and those would be adopted by others in some form or the other. Publicis Sapient, established in 1990 as Sapient in Cambridge, Massachusetts, is now part of Publicis Groupe of France. "I think this year's Davos is very prescient because almost every organisation and every country is looking to find out how they can harness data to enable this intelligent world to empower their citizens and empower their businesses. Almost every CEO here has a focus area on how we can advance their products in their target markets using AI, give the right message to
The growth is expected to gain momentum as Indian enterprises start actively adopting machine learning techniques and smart data discovery solutionse (BI) software market in India is projected to reach $213.8 million in 2016, an increase of 18.6 percent over the 2015 revenue of $180.2 million, technology research and analyst firm Gartner said in a report.These software solutions include BI platforms advanced analytics platforms, analytic applications and corporate performance management (CPM) software.The growth is expected to gain momentum as Indian enterprises start actively adopting machine learning techniques and smart data discovery solutions, it added. "The BI and analytics market is undergoing significant change. Adoption of machine learning techniques, and the emergence of smart data discovery solutions are fueling next round of investments," said Bhavish Sood, research director at Gartner. "The way traditional enterprise business intelligence solutions such as SAP were disrupt