In this episode, we hosted a globally renowned and prolific guest Dr. Alok Aggarwal, founder, CEO, and Chief Data Scientist of Scry AI, the Author of the book "The Fourth Industrial Revolution & 100 Years of AI (1950-2050)" and an Inventor with 8 patents. Dr. Aggarwal pioneered the concept of “Knowledge Process Outsourcing (KPO)”, “co-founded” Evalueserve (4000+, employees), “founded” IBM’s India Research Laboratory, founded Scry AI that builds proprietary AI products for enterprises globally. He has published 125 research articles, taught 2 courses at the Massachusetts Institute of Technology (MIT), has a Ph.D from Johns Hopkins University and a B. Tech. from the Indian Institute of Technology (IIT) Delhi. In this conversation with Pankaj, with insights drawn from his book, "Fourth Industrial Revolution in 100 Years of AI from 1950 to 2050," Dr. Alok presents a compelling argument for why AI is not just another technological trend but a catalyst for a new industrial revolution. He delves into the history of industrial revolutions to understand what makes AI stand out. From steam engines to CPUs, each era has been marked by inventions that transformed societies. This episode offers a thorough analysis of how AI compares to these past innovations, while also cautioning against the hype that surrounds it. He explains how AI's unique capabilities in classification, pattern recognition, and data processing are reshaping industries from banking and technology to healthcare and heavy engineering.For entrepreneurs, the episode highlights the risks of getting caught up in AI hype without developing robust intellectual property and suggests strategies for creating high-value AI products. In this podcast episode we spoke about the below topics, dive in:03:55 - Historical Analysis of Industrial Revolutions19:11 - The Impact of AI on Industries34:05 - Navigating AI and Intellectual Property45:27 - AI Transforming Services in IndiaEnjoyed the podcast? Please consider leaving a review on Apple Podcasts and subscribe wherever you are listening to this.Follow Prime Venture Partners:LinkedIn: https://www.linkedin.com/company/primevp/Twitter: https://twitter.com/Primevp_inThis podcast is for you. Do let us know what you like about the podcast, what you don't like, the guests you'd like to have on the podcast and the topics you'd like us to cover in future episodes.Please share your feedback here: https://primevp.in/podcastfeedback