Shamit Khemka sees the potential of AI in automation & data extraction

Shamit Khemka, the founder of SynapseIndia, says that emerging technologies have the potential to reshape the dynamics of the business landscape. In the wake waves of disruptive technologies, even technology-enabled companies are struggling to stay relevant, he adds. Mr. Khemka says that not every business can survive the technological shift. Businesses should, therefore, be ready to embrace the changing trends and excel in their niche. Artificial Intelligence, popularly known as AI, is one such technology that can drastically alter the industrial landscape. AI, combined with similar technologies like automation and machine learning, has compelled business leaders to think about innovative management strategies.

Mr. Khemka says that data is the new fuel for industries and companies. But, according to him, many companies just don't know where to start with automation and data analytics. Companies can automate the entire data extraction process to reduce labor, time, and cost. They can install data-hungry AI and machine learning systems that can be programmed to collect structured and unstructured data.

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