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27min

Hype vs Reality: How Companies Can Harness AI in the Era of Data | Propulsion 2024

Professor Nitesh Chawla explains why actionable data is the only ingredient for success in today’s chaotic market—and generative AI is the key to remaining competitive.

Artificial intelligence is creating the biggest leap in corporate productivity since the internet 30 years ago. But while companies know they need AI, many of them still don’t understand what impact it will have on their workforce, corporate strategy, or global supply chains. Nitesh Chawla, Professor of Computer Science and Engineering at the University of Notre Dame, sits down with Propel CEO Ross Meyercord to discuss why companies must embrace generative AI and machine learning to remain competitive in a world where success is increasingly reliant on actionable data to guide business decisions. 

The uses of AI and machine learning are vast, from workforce productivity gains to matching demand signals with supply chains to earlier detection of product quality issues. Even bigger shifts will take place at the global level, where generative AI will allow a new generation of outsourced manufacturing to flourish in countries where barriers have previously restricted growth. Professor Chawla provides insights into these trends and more, helping you prepare for the inevitable changes that will transform all of our industries.

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Key Insights

"Doomsday scenarios sell, they are good click bait, right? But I am in the optimism camp for AI, because I do believe there is significant potential for impact across manufacturing, across a variety of sectors."

"With AI innovation, I draw a parallel to the FDA and CDC. We get a vaccine or we take a drug, and it's acknowledged that some folks will have a side effect. Some folks may have it worse, but what is the overall benefit to the society? Do the goods outweigh the risks? I believe that's where we have to start thinking about AI and taking a pragmatic approach."

"There is no supply chain today that will not be impacted by AI. The question is how do we get ahead of it and embrace AI for our benefit".


Click here to watch all the inspiring speakers and panelist presentations from Propulsion 2024.

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Nitesh Chawla
Professor of Computer Science and Engineering, University of Notre Dame

Nitesh Chawla, the Frank M. Freimann Professor at the University of Notre Dame, specializes in artificial intelligence, data science, and network science. Founding Director of the Lucy Family Institute for Data and Society, Chawla also holds faculty appointments across multiple departments. A Fellow of AAAS, AAAI, ACM, and IEEE, his research emphasizes technological advancements for societal good. He has received numerous awards, including the IEEE CIS Outstanding Early Career Award and the IBM Watson Faculty Award. Chawla also co-founded Aunalytics, a data science firm, underscoring his commitment to applying technology for community impact.

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Nitesh Chawla