Sanjay Srivastava, Chief Digital Strategist at Genpact, discusses the importance of creating an AI-first culture in organizations. Topics include shifting mindsets towards automation, navigating digital transformation in large enterprises, exploring enterprise architecture in a changing global landscape, and opportunities in precision medicine, sustainability, and social inclusion with AI.
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Quick takeaways
Continuous innovation is essential in adapting to the ever-evolving technological landscape.
Establishing a culture conducive to AI projects is vital for successful adoption and implementation.
Deep dives
The Increasing Pace of Technological Change
The podcast episode emphasizes the rapidly evolving pace of technological change, highlighting that current advancements represent the slowest rate of change that will ever occur. This perspective underscores the critical need for individuals and organizations to continually adapt and innovate in order to thrive amidst technological disruptions.
Cultural Shifts for AI Success
A major focus of the discussion centers around the importance of establishing a conducive culture for AI projects to succeed. The guest speaker, Sanjay Srivastala, shares insights on how cultural transformation is crucial in adapting to the evolving landscape of AI technology. He emphasizes the significance of aligning processes, people, and mindset to create an environment where AI projects can flourish.
Transitioning to Full Automation
Sanjay provides a compelling example of a company's strategic shift towards an 'AI first' mindset, aiming for 100% automation of business processes. The company's approach involves labeling manual interventions as defects, driving a culture focused on continuous automation improvement. This significant mindset change marks a departure from incremental automation and reflects a commitment to full process automation.
Challenges and Opportunities Across Business Sectors
The conversation extends to diverse business sectors, highlighting unique challenges and opportunities in enterprises of varying sizes. Large corporations grapple with integrating emerging technologies within existing structures, while startups face the need to align technological innovations with market demands. The discussion also delves into medium-sized companies navigating the transition from agile small firms to scalable enterprises, showcasing the multifaceted nature of adopting AI across different business sizes.
Last year saw the proliferation of countless AI tools and initiatives, many companies looked to find ways where AI could be leveraged to reduce operational costs and pressure wherever possible. 2023 was a year of experimentation for anyone trying to harness AI, but we can’t walk forever. To keep up with the rapidly changing landscape in business, last year’s experiments with AI need to find their feet and allow us to run. But how do we know which initiatives are worth fully investing in? Will your company culture impede the change management that is necessary to fully adopt AI?
Sanjay Srivastava is the Chief Digital Strategist at Genpact. He works exclusively with Genpact’s senior client executives and ecosystem technology leaders to mobilize digital transformation at the intersection of cutting-edge technology, data strategy, operating models, and process design. In his previous role as Chief Digital Officer at Genpact, Sanjay built out the company’s offerings in artificial intelligence, data and analytics, automation, and digital technology services. He leads Genpact’s artificial-intelligence-enabled platform that delivers industry-leading governance, integration, and orchestration capabilities across digital transformations. Before joining Genpact, Sanjay was a Silicon Valley serial entrepreneur and built four high-tech startups, each of which was successfully acquired by Akamai, BMC, FIS, and Genpact, respectively. Sanjay also held operating leadership roles at Hewlett Packard, Akamai, and SunGard (now FIS), where he oversaw product management, global sales, engineering, and services businesses.
In the episode, Sanjay and Richie cover the shift from experimentation to production seen in the AI space over the past 12 months, the importance of corporate culture in the adoption of AI in a business environment, how AI automation is revolutionizing business processes at GENPACT, how change management contributes to how we leverage AI tools at work, adapting skill development pathways to make the most out of AI, how AI implementation changes depending on the size of your organization, future opportunities for AI to change industries and much more.