Artificial intelligence in India has captured the attention of the Indian government and the tech community. For the past two years, it’s been observed that there is a consistent expansion in the readership in India. In 2017, Bangalore was the biggest source of job candidates, and the only greatest city as far as readers.
From the mid-90s, the IT and ITeS services in India has been not so good to its economy, it added only 7.7% of India’s GDP in 2016. The Indian administration think-tank, National Institution for Transforming India Aayog, lead a national program on AI concentrating on research in February 2018.
According to research by Accenture, AI can add US$957 billion, or 15% of India’s present gross value by 2035. With the help of technology, information, and ability that make intelligent systems possible has arrived at the exceptional growth in AI investment.
As Google, Oracle, Microsoft, and Amazon are competing to serve the cloud computing and machine learning needs of the US government, the same change will be applied in India by three to five years. As the Indian government pushes for digitization and more AI activities, private firms will gain huge contracts adding to the assets to grow new technologies and turn out new AI and data science-related startups.
World Artificial Intelligence show recently conducted a series of events by Trescon, conducted a virtual event on ‘driving the future of AI in the new normal’. This event gathered more than 200 data scientists, AI experts, startups, technology leaders, researchers, etc. to discuss AI’s impacts on commercial apps and the ways to transform government and business operations.
For large organizations and industries, AI can support change by increasing its growth and profitability. The area could see a profit increase of 39% due to AI-implemented systems whose capacity to learn, adjust, and develop over the long run can kill broken machines and idle equipment.
When India attempts to revive profitability and development, AI helps to fill the gap. The responsible implementation of AI will open new economic opportunities. The core values such as making “people first” approaches and business strategies, focused on the implementation of AI to augment and extend individuals’ abilities to help mankind.