Dell Set to Lead USD 295B AI Market Growth, Says VP Vivek Mohindra

Dell Technologies strongly supports on-premise AI deployments, claiming that bringing AI to data rather than vice versa results in significant cost savings, improved security, and regulatory control. This strategy comes as Vivek Mohindra, SVP, Corporate Strategy at Dell, revealed that the AI addressable market is expected to reach a whopping $295 billion by 2027, up from $124 billion just 18 months ago.

Speaking recently to the media at Dell Technologies World in Las Vegas, Mohindra outlined Dell's five core beliefs that underpin their AI strategy:

Data is critical: AI's effectiveness is dependent on the quality and availability of data.

Bring AI to data: With 83% of data residing outside the public cloud and 50% generated at the edge each year, processing AI where it lives is critical. 

According to Mohindra, this approach can result in a 60% reduction in Total Cost of Ownership (TCO) for on-premise workload inference, as well as improved security and regulatory compliance.

No one-size-fits-all. The AI landscape will include a wide variety of models, such as large language models (LLMs), small language models, general-purpose models, and custom-built models.

An open ecosystem is critical for effectively bringing AI to data, as different layers of technologies stack evolve at varying rates.

Broad ecosystem of players: No single entity can provide all of the components required for AI, necessitating collaboration with a diverse set of partners.

The rise of Artificial Intelligence (AI) will fundamentally reshape the global workforce, causing existing roles to evolve, new ones to emerge, and some to disappear. This was a key message from Mohindra, who emphasized the critical need for governments to invest in AI infrastructure and skill-building programs to prepare citizens for the inevitable shift.

Mohindra drew historical parallels, noting that just as spreadsheets eliminated manual "calculators" but created the entire field of financial planning, AI will drive similar transformations. "60% of the roles that exist today did not exist in 1940," he said adding that "85% of the new roles that have been created since 1960, have been created on the back of technology change and technology evolution." He believes that this historical trend will continue to apply to AI.

He emphasized that with the advent of "agentic technologies," the level of formal training traditionally required for highly productive roles, such as software coding, could be significantly reduced. This creates enormous opportunities, especially for countries with large youth populations like India.

Dell, with its significant and long-standing presence in India, is confident in the quality of AI talent available in the country. Mohindra emphasized India's talent pool and its importance to Dell. He acknowledged that, while AI evolution is accelerating, India's current efforts to provide the necessary tools and talent are commendable. However, he urged continued investment in AI infrastructure and skilling to sustain this momentum and secure India's leadership in the rapidly evolving AI landscape.

Finally, Dell believes that, while AI will undoubtedly disrupt existing job structures, it also represents a powerful opportunity for human progress, provided that governments around the world make strategic investments in education, infrastructure, and an adaptable regulatory environment.