The Significant Growth of Artificial Intelligence in India

The Significant Growth of Artificial Intelligence in India

by November 6, 2020

Significant Growth

Artificial intelligence in India has positively grabbed the eye of the Indian government and the tech community lately.

In the last two years, we have seen a consistent expansion in our percent of readership in India. At some point in 2017, Bangalore got probably the biggest sources of job candidates, and the single greatest city as far as readers– surpassing both London and NYC

Since the mid 90s, the IT and ITeS services segment in India has been critical to its economy in the end developing to account 7.7% of India’s GDP in 2016. While trying to profit by this foundation, the current Indian administration reported in February 2018 that the administration think-tank, National Institution for Transforming India (NITI) Aayog (Hindi for Policy Commission), will lead a national program on AI concentrating on research.

This improvement comes on the heels of the launch of a Task Force on Artificial Intelligence for India’s Economic Transformation by the Commerce and Industry Department of the Government of India in 2017.

The business pioneers concur that artificial intelligence has positively grabbed the eye of the Indian government and the tech community lately.

According to a report by Accenture, artificial intelligence can possibly add US$957 billion, or 15% of India’s present gross value in 2035. The blend of the technology, information and ability that make intelligent systems possible has arrived to the critical mass, driving exceptional growth in AI investment.

Similarly as Google, Oracle, Microsoft, and Amazon are fighting to serve the cloud computing and machine learning needs of the US government, the following three to five years may cause a similar dynamic within India. As the Indian government pushes for digitization and sanctions more AI activities, private firms will run to win huge contracts– adding to the pool of assets to grow new technologies and turn out new AI and data science-related startups.

Recently, World AI Show, a series of events by Trescon, conducted a virtual event on ‘driving the future of AI in the new normal’. The show gathers more than 200 data scientists, AI experts, startups, technology leaders, researchers, etc. to discuss AI’s impacts on commercial apps and the disruptive ways to transform government and business operations.

Analytics Insight being one of the proud media partners, the event focused on insightful sessions wherein AI experts spoke on best practices that help in delivering optimum results. There were technology use cases as well to demonstrate the potential of them in the world of AI.

C-suite executives of leading companies in India delivered impeccable insights on potential India has and how it can deliver significant results.

Some important insights covered

• How companies can revamp strategy post Covid-19 with AI at the core

• Different ways companies can transform into AI company post-pandemic

• How the Indian government can fight pandemic and build trust in AI

• The effects of Covid-19 in the automation landscape

• What will be future of AI in cybersecurity during Covid-19

For large organizations and industries, AI can support growth and profitability and change organizations. For instance, manufacturing. The area could see a share-of-profit increase of 39% due to AI-fueled systems whose capacity to learn, adjust and develop over the long run can kill broken machines and idle equipment.

For business visionaries and youthful organizations, AI can fill in as a tool to take on a lot bigger occupants. For society in general, AI can improve public safety and even save lives.

When India is endeavoring to revive profitability and development, AI vows to fill the gap. A full and responsible implementation of AI will open new economic opportunities that would not in any case exist. The core value ought to be to make “people first” approaches and business strategies, focused on utilizing AI to augment and extend individuals’ abilities to help mankind.