No technological innovation in recent memory has sparked as much excitement in its ability to radically transform business operations — and make our lives easier — than Artificial Intelligence (AI). Artificial Intelligence that mimics human reasoning, instincts, and perhaps, one day values, presents major challenges to enterprises, like how far should they go to embrace it? To address such and other challenges, and to enhance the impact of AI, Wipro HOLMES™ Advisory Board (HAB) was set up as a collaborative knowledge-sharing forum designed to bring together some of the top minds in AI.
Objective of HOLMES Advisory Board:
- Challenging status-quo and offering an objective assessment of current state of AI ecosystem (holding a mirror)
- Offering fresh and a variety of perspectives from various vantage points (breathing in fresh air)
- Learning from each other and enabling broad-base exposure to diverse pool of partners
- Accelerating decision making through insights from AI thought leaders
- Reducing blind-spots by bringing in an outside-in perspective (breaking the façade)
HOLMES Advisory Board representation
- Industry – Members of Fortune 1000 firms
- OEM – Some of the biggest OEMs working on AI
- Govt. and Academia
Since its inception, the board members have discussed on varied themes that would help define AI and act as guiding light for the future. Bridging the gap between the “Art of the Possible” i.e. what we are exploring, with the “Science of the real” i.e. what is technologically feasible, is an important point of discussion where one tries to find balance between vision and pragmatism. The board has discussed important topics like Ethics in AI, and AI and security and the panel agrees the importance of creating frameworks and policies, at organization as well as government level, to ensure that the future of AI is safe and ethical. There have been relevant discussions on how to approach automation journeys and the partnerships to build along the way to ensure successful digital transformation.
Board members in unison agree that their enterprises are still facing major challenges, including voluminous unstructured data, a severe shortage of AI and machine learning engineers, explain-why ability and trust deficit with AI, and legacy mindsets that are hindering the growth of AI. However, the overall confidence levels on the “Art of Possible” with AI is very high and the members do see AI technologies coming to the fore quickly in the next couple of years. Through peer networking, exchanging best practices and learnings from their industry counterparts, members of Wipro HOLMES™ Advisory Board have gained valuable knowledge about where AI and automation are heading and what still needs to be done.