Babak Hodjat, CTO of AI at Cognizant, discusses the impact of advancements in AI and the factors that have enabled its rapid progress, including increased processing capacity, access to large amounts of data, and improved neural network architectures. Babak also highlights the importance of moving to the cloud and leveraging AI to make informed decisions.

Key Takeaways:

• Advancements in AI have been driven by increased processing capacity, access to large amounts of data, and improved neural network architectures.
• Moving to the cloud is essential for companies to leverage the power of AI and stay competitive.
• AI agents can help companies reduce tech debt and navigate complex data flows, enabling faster and more efficient AI adoption.
• Synthetic data plays a crucial role in building AI models and simulating real-world scenarios.
• AI-enabled decision-making has the potential to transform various industries and improve outcomes. 
• Enterprises are gradually moving toward agent-oriented architecture, enabling robust and scalable systems
• Agent-based AI systems can streamline workflows and simplify everyday tasks

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