He also said that the physical and digital world converge – Phydigital is the future and that Covid has definitely accelerated the concept of ‘Phydigital . Post pandemic Virtualization of work has created an infrastructure where AI is a natural adjacency. Most companies have invested in cloud, digital etc. whereby it has become easy for them to adopt AI into their Decision Support Systems and Business models. Even traditional sectors like large steel manufacturers could move most of their managerial workforce from their plants to the remote.
In the next 18 to 24 months, expect to see companies addressing the challenge by reengineering the way they capture, store, and process data. He further said that he does not see the dependency on humans going away completely in future. He also coined the word ‘Humanbot’ which is a mix of human and robot. Barik believes that Humanbot is going to the future wherein one aspect of the work is done by human followed by robot doing the ot