The Data Chief | Episode 83

Expert Data & AI Industry Predictions in 2024 with Jai Das, Sandy Carter, and Prab Pitchandi

Sandy Carter

Chief Operating Officer

Unstoppable Domains

Prab Pitchandi

Vice President and Global Head

Tata Consultancy Services (TCS)

Jai Das

President/Partner & Co-Founder

Sapphire Ventures

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Current EpisodeEP83: Expert Data & AI Industry Predictions in 2024 with Jai Das, Sandy Carter, and Prab Pitchandi
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Episode Overview

Gen-AI, Gen-AI, Gen-AI. The transformative technology has captured the imagination of everyone in the tech industry. Industries are shifting before our eyes, and the roles and responsibilities of data practitioners everywhere are going to shift again. The question is not whether an impact will be made, but what will the impact be? 

In this episode, Cindi sits down with 3 industry leaders to discuss how AI will impact our work and our personal lives in 2024. Sandy Carter shares how a severe injury in Brazil impacted her outlook on data sharing, and data verification in a world where AI can convince millions that the Pope wears puffy jackets. Jai Das sees a gap in educating technical workers if AI is too widely adopted. Prab Pritchandi shares how the financial industries will modernize in a heavily regulated environment.

Industry Predictions:

 

“There will be an intersection of AI Privacy and blockchain technology that will be poised to reshape the entire landscape of proof of ownership. And therefore, also revolutionize data sharing practices. We will go and move into a decentralized proof of ownership because of the increasing use of Gen AI and the fear of deep fakes.”- Sandy Carter

“Generative AI is going to get rid of a lot of the grunt work that we have day to day. Including some of the groundwork in data prep, some of the groundwork that analysts have to do, or even understanding reports and dashboards. I think the fear about [AI] getting really smart and destroying the world is really far-fetched. All of the LLMs and all of these GPT 5 and all of these models, they're great [but] they're not really reasoning. They're not right. They're great at getting some information and putting it in a new form. They don't come up with anything original. So I'm not actually fearful of [AI] replacing humans. - Jai Das

“90 percent of the data available in the world has been created in the last one year. And every year the amount of data is actually increasing. I could say data is really a good digital twin of your business [but] that itself is not a value unless you're able to convert this data to insights and then convert the insights to actionable insights. - Prab Pitchandi

Key Moments: 

  • Jai observes 2023 AI startups are missing profitable business models (10:55)
  • Jai identifies a gap in education. Developers are trained through repetition. But what happens when repetition is replaced by AI (24:53)Sandy breaks her femur and surgery is delayed by 48 hours due to data (34:54)
  • Sandy says, Taylor Swift is Web 3.0 (46:30)
  • Prab compares banking data and analytics to cricket (51:27)
  • Prab wonders if Formula 1 can be driverless (1:07:00)

Mentions: 

Bio:

Sandy Carter, Unstoppable Domains, Chief Operating Officer
Sandy is the Chief Operating Officer and Head of Business Development at Unstoppable Domains, a company that is building the decentralized web using blockchain and AI technologies. With over 10 years of experience in the technology industry, she has led and created new categories and products that have transformed businesses and markets. Recognized as a CNN Top 10 Women in Tech, Forbes Digital Influencer, Top AI Influencer, a Game Changer, and a Top SXSW Speaker ducts; leveraging data science and machine learning to discover new business opportunities; bringing new, innovative technology within JLL and to the commercial real estate industry.

Prab Pitchandi, Tata Consultancy Services (TCS), Global Head, Analytics and Insights group, Banking, Financial Services, and Insurance (BFSI)
Prab is Vice President and Global Head of the Analytics and Insights group in TCS’ Banking, Financial Services and Insurance (BFSI) business unit. He has over 29 years of experience in the BFSI space with specialization in capital markets and risk management. He is passionate about the potential of data to create value and efficiencies and has been leading this initiative across BFSI. He has led many front-to-back transformations and regulatory programs for leading Wall Street firms and has been involved in setting up new business functions within global banks.

Jai Das, Sapphire Ventures, President/Partner & Co-Founder
Jai spent seven years designing and building software applications as a lead architect and as a product manager at Oracle and at several start-ups. He was also an entrepreneur before deciding to focus on investing in high-growth technology start-ups. Prior to Sapphire Ventures, he worked at two corporate ventures including Intel Capital and Agilent Ventures (formerly part of Hewlett-Packard) and at MVC Capital. He received my MBA from University of Chicago’s Booth School of Business where he was awarded the George Hay Brown Prize for academic excellence. Jai earned a Bachelor of Science degree in Electrical Engineering and Computer Science from Brown University. has led many front-to-back transformations and regulatory programs for leading Wall Street firms and has been involved in setting up new business functions within global banks.