Latest news with #SandipPatel
Time of India
4 days ago
- Business
- Time of India
IBM study: Indian CEOs double down on AI investments to drive long-term innovation
74% of surveyed CEOs say more budget flexibility is needed to capitalize on digital opportunities that drive long-term growth and innovation64% of surveyed CEOs strongly agree that their organization is realizing value from GenAI investments beyond cost reduction A new global study by the IBM (NYSE: IBM ) Institute for Business Value suggests that surveyed Indian CEOs are open to investing in digital opportunities that drive long term growth and innovation but need more budget flexibility to do so. They also cite lack of expertise and knowledge as a top barrier to innovation in their organization. The study also points to Indian CEOs investing in AI with purpose and having clear metrics to measure innovation ROI. The annual IBM CEO study , which surveyed 2,000 CEOs globally, revealed that executive respondents expect the growth rate of AI investments to more than double in the next two years. In India, 51% of surveyed CEOs confirm they are actively adopting AI agents today and preparing to implement them at scale. According to the findings, in India 58% of surveyed CEOs identify integrated enterprise-wide data architecture as critical for cross-functional collaboration, and 71% view their organization's proprietary data as key to unlocking the value of generative AI . However, the research indicates organizations may be struggling to cultivate an effective data environment: 53% of respondents acknowledge that the pace of recent investments has left their organization with disconnected, piecemeal technology. 'Indian CEOs are at the forefront of a massive transformation fuelled by technological advancements like generative AI and Agentic AI. It is no longer if they should adopt AI but where it can deliver the strongest competitive edge, and accelerated growth,' said Sandip Patel, Managing Director, IBM India & South Asia. 'To lead in this era, CEOs must see disruption as opportunity, focusing on tangible business outcomes while navigating constant change. At IBM, we're helping Indian enterprises scale AI responsibly and drive seamless AI adoption for long-term growth,' he added. Highlights for India from the IBM CEO Study include: Less Than a Third of AI Initiatives Met ROI Expectations, But Indian CEOs Stay Committed Surveyed CEOs report that only 25% of AI initiatives have delivered expected ROI over the last few years, and only 15% have scaled enterprise wide. To accelerate progress, 62% of CEO respondents say their organization is leaning into AI use cases based on ROI, with 66% reporting that their organization has clear metrics to measure innovation ROI effectively.64% of CEO respondents say their organization is realizing value from generative AI investments beyond cost reduction.69% of CEOs surveyed acknowledge that the risk of falling behind drives investment in some technologies before they have a clear understanding of the value they bring to the organization, but only 39% say it's better to be 'fast and wrong' than 'right and slow' when it comes to technology adoption. 44% of surveyed CEOs admit their organization struggles to balance funding for existing operations and investment in innovation when unexpected change occurs, as 74% of say more budget flexibility is needed to capitalize on digital opportunities that drive long-term growth and 2027, 84% of surveyed CEOs expect their investments in scaled AI efficiency and cost savings to have returned a positive ROI, while 78% expect to see a positive return from their investments in scaled AI growth and expansion. Indian CEOs Prioritize Strategic Leadership and AI Talent to Unlock Future Growth 67% of CEO respondents say their organization's success is directly tied to maintaining a broad group of leaders with a deep understanding of strategy and the authority to make critical decisions.61% of CEOs surveyed say that differentiation depends on having the right expertise in the right positions with the right cite lack of clear innovation strategy, aversion to risk and disruption, and lack of expertise and knowledge as top barriers to innovation in their organization.68% of CEOs say their organization will use automation to address skill gaps.54% of CEO respondents say they are hiring for roles related to AI that did not exist a year ago.
Time of India
4 days ago
- Entertainment
- Time of India
Jenn Osborne's 'Holy Ghost' explores the supernatural through redemption and truth
The makers of 'Holy Ghost' have unveiled the gripping trailer of Jenn Osborne's upcoming horror-mystery, and it promises more than just jump scares. Unlike typical ghost stories, "Holy Ghost" delves into themes of redemption, buried truths, and emotional reckoning. Set against an eerie backdrop, the film follows a deeply human journey wrapped in a chilling narrative. The trailer begins with eerie glimpses of a remote American town, accompanied by a chilling narration from Grace Brown-a young woman recently rescued from a kidnapper's farm. Her startling revelation that a long-deceased police officer was behind her rescue triggers a spine-tingling series of events. As Detective Madison Wells investigates, she's pulled into a world where the line between the living and the dead grows increasingly blurred. The trailer sets the tone for a gripping supernatural mystery. Jenn Osborne brings intensity to her role as Detective Wells, while Maya Adler's portrayal of Grace delivers emotional depth. Aaron Blomberg's haunting performance as the spectral officer adds an unsettling edge to the narrative, promising a ghost story layered with psychological and emotional complexity. Speaking about the film, producer Sandip Patel emphasized that "Holy Ghost" goes beyond a typical ghost story, exploring themes of redemption, truth, and the powerful grip of the past on the present. He noted that the trailer offers just a glimpse of the layered narrative that awaits audiences. Patel also shared that the film introduces a new style of horror-one that blends emotional depth with spine-chilling suspense. The upcoming horror thriller has been directed by 'Murshid' fame Shravan Tiwari. "Holy Ghost" is set to hit theatres across India on August 1, 2025, with distribution handled by Cinepolis India. Interestingly, NRI producer Sandip Patel, who is set to debut in Hollywood with "Holy Ghost," has already unveiled plans for its sequel, titled "Holy Father."
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Business Standard
5 days ago
- Business
- Business Standard
Indian CEOs embrace AI for innovation but seek more flexibility: IBM
Indian CEOs are open to investing in digital opportunities that drive long-term growth and innovation but need more budget flexibility to do so, according to a new global study by the IBM Institute for Business Value. They also cite lack of expertise and knowledge as a top barrier to innovation within their organisations. The study highlights that Indian CEOs are approaching AI adoption with clear purpose and well-defined metrics to evaluate innovation return on investment (ROI). According to the findings, 58 per cent of Indian CEOs identified integrated, enterprise-wide data architecture as critical for cross-functional collaboration, while 71 per cent viewed their organisation's proprietary data as key to unlocking the value of generative AI. However, the research also indicates that many organisations may be struggling to cultivate an effective data environment: 53 per cent of respondents acknowledged that the pace of recent investments has left their organisation with disconnected, piecemeal technology. 'Indian CEOs are at the forefront of a massive transformation fuelled by technological advancements like generative AI and Agentic AI. It is no longer about if they should adopt AI but where it can deliver the strongest competitive edge and accelerated growth,' said Sandip Patel, managing director, IBM India & South Asia. 'To lead in this era, CEOs must see disruption as opportunity, focusing on tangible business outcomes while navigating constant change. At IBM, we're helping Indian enterprises scale AI responsibly and drive seamless AI adoption for long-term growth,' he added. The annual IBM CEO study, which surveyed 2,000 CEOs globally, revealed that executive respondents expect the growth rate of AI investments to more than double over the next two years. Highlights from the IBM CEO Study – India Insights: Less Than a Third of AI Initiatives Met ROI Expectations, But Indian CEOs Stay Committed Surveyed CEOs reported that only 25 per cent of AI initiatives have delivered expected ROI over the past few years, and only 15 per cent have scaled enterprise-wide. To accelerate progress, 62 per cent of respondents said their organisations are prioritising AI use cases based on ROI, with 66 per cent stating they have clear metrics to measure innovation ROI effectively. 64 per cent of CEOs said their organisations are realising value from generative AI investments beyond cost reduction. 69 per cent acknowledged that fear of falling behind drives investment in certain technologies, even before fully understanding the value they bring. However, only 39 per cent agreed it is better to be 'fast and wrong' than 'right and slow' when it comes to technology adoption. By 2027, 84 per cent of CEOs expect their investments in scaled AI efficiency and cost savings to yield positive ROI, while 78 per cent expect positive returns from scaled AI investments focused on growth and expansion.
Time of India
03-06-2025
- Business
- Time of India
'Roles within IBM in India haven't dipped'
India is among the fastest growing markets for IBM, which expects to open a new centre in Lucknow by September this year, said Sandip Patel, the technology giant's managing director for India and South Asia. 'India is designated as one of the five growth markets for IBM around the world, the other ones being Saudi Arabia, Indonesia, Mexico, and UAE,' Patel told ET. In the last four years or so, IBM has more than doubled its business in India, he said. It has also been expanding in tier-2 and 3 cities, such as Gandhinagar and Kochi. Now, it is looking for fresh talent for the proposed Lucknow centre. 'We are going to make it the hub for a lot of our data capabilities… hoping we will inaugurate sometime in September,' said Patel. India with its demographic dividend can become the 'skill capital' of the world, but meaningful upskilling is needed, he said. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 'Work is going to take fewer people-no questions about it. With automation, the traditional jobs will go away. So, if you don't skill yourself to stay ahead of the curve, it is going to be very difficult,' said Patel. At IBM, artificial intelligence (AI)-aided productivity boost has saved the company $3.5 billion in the last two years. 'There is a lot of coding that is automated, but that automation of that coding does not preclude people who are good test engineers, who can develop the right kind of test scripts around it, (from evolving into) prompt engineering, which is becoming a huge discipline--so those roles are getting created,' said Patel, adding that we are yet to scratch the surface of these new roles. 'For those roles, you will need basic technology acumen of people who have the right way of thinking logically about programming and writing code,' he said. While most Indians are apprehensive that lower-level roles in the IT sector may be taken over by AI, disrupting the traditional pyramid hiring structure, Patel believes that early professional hired talent is a good thing, with more staying power within an organisation and the ability to adapt culturally. 'Shaping talent to adapt to the kinds of technologies that you ultimately want to proliferate, I think it's going to still be a blend of both (fresh and experienced hires),' he said. The total number of roles within IBM in India has not dipped, Patel said, adding that the level may be higher than before it divested its managed infrastructure services arm Kyndryl in 2021. Today, businesses haven't yet scaled AI to the point where the jobs are being impacted, he said. While about 97% of Indian businesses say they are investing in AI, only 25-26% are moving from experimentation to scale, according to an IBM study. The top challenge is AI governance . 'That ties back to the lack of trust-can you really trust the data that is being used? Can you trust the models? Can you trust the provenance of models? Can you ensure that there is no bias that has crept into these models?' said Patel. IBM has been investing in 'client engineering' to run proofs of concepts (POCs) to demonstrate solutions rather than simply talking about them, he said. 'Now, banks and public sector units and others that we have been working with, they are moving into getting their data platforms organised so that they can take advantage of AI,' said Patel. 'That is another phase of transformation. Digital transformation (in) core banking was done, but now core banking has become stale. What do you do with it to actually get to the next phase?'
Economic Times
30-05-2025
- Business
- Economic Times
AI regulations key to safe usage amid possible disruption: Tech experts
Artificial intelligence is ushering in a new era of productivity as well as risks that enterprises and the government need to be prepared for, industry leaders said on Thursday. While AI will be a catalyst for India's economic growth, guardrails and governance will be key to adopt the technology safely and to build resilience amid possible disruption, they said. 'If we truly want to move towards Viksit Bharat in 2047, that will be rooted in technological empowerment, inclusive economic growth, and digital sovereignty, and AI truly can be an accelerator,' said Sandip Patel, MD, IBM India & South Asia. AI adoption in India is higher than in other countries, as per a global survey carried out by IBM, Patel said. However, this is more experimentation while adoption at scale still in trust and confidence in the technology are a key reason for this, he said, adding that credible cases with the right ROI are also needed. IBM itself is adopting the technology, with 95% of its HR processes now being done using AI agents, said B Lall, COO, Microsoft India & South Asia, said businesses should look at how to reshape their processes. 'As the world gets more agentic AI, we're hearing of terms like human-in-the-loop, human-on-the-loop and human-out-of-the-loop, as agents get to be more autonomous and they do most of the work by talking to other agents,' he said. At the same time, enterprises need to empower their employees with AI, he added. 'It's not just about giving them a tool that helps them to use AI, it's fundamentally changing the way organisations are looking at talent – do you need somebody with 20 years of experience or you could get somebody with lesser experience with a powerful AI assistant?'AI is bringing a moment of irreversible acceleration where intelligence is not confined to machines but also gets embedded into life itself, said Debjani Ghosh, distinguished fellow, NITI Aayog and chief architect, NITI Frontier Tech Hub.'India will have a very key role to play in shaping this future,' said Ghosh. 'Our tradition of human centric thinking, inclusivity, respect for collective good - this must become our competitive advantage in a world that needs to get anchored in trust for its survival.'There will be bad actors who master the technology much faster, however, and countries need to build resilience to recover quickly when things go wrong, she added. Shiv Siddhant Kaul, co-chair, CII National AI Forum & MD, NICCO Engineering Services, said that CII's AI taskforce has been focusing on outreach and workshops to familiarise businesses with AI, especially MSMEs which may not be engaging much with the is also a generation gap in awareness and use of AI, he said, with the 48–55 year age group lagging.'For most companies, it's going to be existential because newer companies that are empowering younger people are going to figure out how to use AI, and our challenge will be making sure that the companies that are left behind don't leave a big-sized hole in our society in terms of employment,' Kaul Singh Bhamra, founder & CEO, AgNext Technologies, said that startups are embracing AI and tend to do this with precise use cases rather than broad experimentation given their relatively limited resources compared to large it comes to agriculture, AI can play a role in optimising inputs and measuring output quantity and quality, which would be needed to build algorithms that can help us increase food production, he said.
