Globee® Business Awards

Business Awards | Recognizing Achievements – Inspiring Success

Monday, September 18, 2023

Satish Kumar Boguda | Impact of Artificial Intelligence, Big Data analysis, and most dominant technology advancements

What impact will Artificial Intelligence (AI) have on people and their workplace? 

Satish Kumar Boguda: Technology is advancing at a frenetic pace with the increasing numbers of people, systems and smart products getting connected to the Internet. Furthermore, with the advent of smart phones, we currently have much more power in our pockets than that of the mid-sized company what it combinedly had in the last decade of the 20th century. It is apparent that what we saw a few decades ago is not quite the same today, and it is possible what we are perceiving currently may not be the same tomorrow. In the era of digital transformation, Artificial General Intelligence (AGI) is perhaps the center of gravity for human creativity that really goes well beyond the imagination where sky is the limit for bringing in the 21st century innovative advancements which already are shaping the future of numerous industrial sectors. The fact of the matter is that, the idea behind having to bring in AGI is to perform monotonous, traumatic and potentially dangerous jobs with much less human interaction that tends to increase efficiency and eliminates risks such that people could operate more productively and have a better quality of life. In other words, it is “Man + Machine” in together, simplifying life on this planet. Moreover, these days collaboration with AGI is becoming part of daily routine, which has an impact on human civilization to stay upright of jobs being lost in and out of various business domains, whereby man-made redundant operations undertaken by workers are supplanted with autonomous robots propelled through AGI. At the same time, this also brings in a new paradigm shift from old fashioned ways of handling the task to many more innovative ways of providing solutions which results in great opportunities among companies and workers leading to increased demand for skilled manpower all throughout the next decade.

In the Information Age of Artificial Intelligence, data is the primary fuel offering a competitive advantage to countless organizations, regardless of their size and business sector.

Satish Kumar Boguda

What are some examples of benefits that organizations can gain from analysts of big data? 

Satish Kumar Boguda: In a strategic competitive era of Big Data, the winning factors even for the billion-dollar companies, is the competence to accumulate, process and visualize the massive amounts of data being generated in order to understand the real-time trend lines and behavioral patterns of consumer preferences through keeping up pace with the ever-changing customer demands. This accumulated timely information offers the business executives with the right edge to make any strategic decisions which ultimately helps global enterprises continue to deliver high-quality products and services that eventually turns up the dial on the profitability to achieve sustainable value proposition for the organization. Real-time interpretation not only improves the dynamics of existing services, but it also opens up new opportunities throughout different sectors of the economy. For example: be it from maximizing the accuracy of palliative diagnostics in the healthcare industry or progressively forecasting insurance premiums depending on the driving habits, or empowering financial institutions to avoid unauthorized transactions even before they occur by predicting customer spending habits. Driven by business results and high value potential, the benefits of big data analysis lead to informed business movements with a comprehensive understanding of industry trends, cost effective, faster decision-making, enhanced customer service and productivity gains.

What technology advancements will be most dominant in the next few years? 

Satish Kumar Boguda: Irrespective of the industry sector all throughout the last 100 years, technology has come a long way revolutionizing the universe with infinite possibilities. These days, with both the emergence of some life-changing scientific discoveries moving forward and power to operate anything controlled right on the finger tips, technological advances are becoming insanely powerful, almost to the extent that these rapidly developing breakthroughs can even get directly into our blood attempting to fundamentally redefine biological DNA’s in order to amalgamate humans and machines to standardize life on this planet. In the Information Age of Artificial Intelligence, data is the primary fuel offering a competitive advantage to countless organizations, regardless of their size and business sector. In the decades to come, the key trends and components that will fundamentally change the sectors of the economy will indeed be the applications of below technologies offering world-class customer experience by connecting through digital and physical world.

  • Next generation robotics powered by Artificial Super Intelligence.
  • Redefined customer experience by augmented or virtual reality applications
  • Cyber Security in the era of quantum computing
  • Consumer availability of autonomous vehicles
  • Mass production of edge computing devices
  • 3D printing in context of healthcare
  • Internet of everything with more than trillion sensors connected
  • Nano Technology
  • Holograms
  • Hyperloops
  • Blockchain

About Satish Kumar Boguda

Satish Kumar Boguda is an award-winning technology specialist who makes his living at the nexus of people and innovation. He helps fortune 100 clients take advantage of the emerging innovations by adapting new technology ideas, tackling complex issues, delegating duties thoughtfully and managing time appropriately. This results in generating more revenue, high profitability, customer satisfaction & competitive advantage to customers. He enjoys talking to machines and says that perhaps the easiest way of doing this is through various programming languages. He is primarily a specialized technical adviser on system upgrades, complex IT environments, intelligent applications, interfaces, solution designing and data migration methodologies for numerous technology and business groups. He is currently working as a senior software developer for Dynamic Enterprise Solutions Inc. and can be reached at LinkedIn.