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Google sees artificial intelligence as "an economic equaliser", and believes technology is at its best when it is inclusive and democratic, giving even the leanest teams the same intelligence, speed and security as a large global enterprise, Preeti Lobana, Vice President and country manager of Google India, said on Wednesday. Speaking at the Google Cloud Day event where she addressed over 600 business owners, managing directors and technology executives, Lobana said in her conversations with business leaders across the country, she often hears "a mix of excitement about AI's promise" and understandable apprehension about the complexities ahead. Many growing businesses, she said, worry about cost. "In fact, many growing businesses worry that AI requires massive IT teams, complex integrations, and deep pockets. People worry about the cost. But at Google, we see AI differently," she said. For Google, AI is a powerful technology, which more than anything else, is "an economic ...
Oracle co-founder Larry Ellison has dismissed fears that artificial intelligence (AI) will kill the traditional software industry, saying it will instead let companies build complete, ready-to-use applications for entire industries that need no training and can be switched on without lengthy installations. Speaking at Oracle AI World here, Ellison, the company's executive chairman and chief technology officer, rejected talk of a "SaaS apocalypse", in which businesses would use AI to build their own applications instead of buying software-as-a-service (SaaS) products. "I don't think that's quite true. I think companies will continue to build applications, but they will be quite different because of AI. They will be much, much better," he noted. Business software has so far never been fully finished for any one industry, Ellison said. A hospital, bank or hotel using even the best commercial products has had to build its own extensions or connect applications from other vendors. "Beca
India is one of Oracle NetSuite's highest-priority markets, a senior company executive said, adding that small Indian businesses, especially those outside the big metros, are increasingly using artificial intelligence (AI) and cloud to expand into new states and, in some cases, overseas. Speaking to PTI on the sidelines of Oracle AI World, Amit Suxena, group vice president and head of Asia at Oracle NetSuite, an AI-native business management platform, said momentum among Indian businesses had been growing over the last four to five years. "One of the biggest advantages India has is that we have a young population which is actually now native to using cloud and AI, which means that India is not burdened like some of the other mature economies where they like to use legacy systems," Suxena said. He said technology was narrowing the gap between small firms and large companies, letting smaller businesses grow beyond the city they started in. "Overall, from a business perspective, I'm .