11.1 C
Tuesday, May 28, 2024

Upcoming of Artificial Intelligence in India

Must Read

India’s innovation efforts have been boosted thanks to Covid-19. Other than that, Net Neutrality debates have also given rise to new deliberations on the subject concerning the various stakeholder’s varying viewpoints. Upcoming of Artificial Intelligence in India, There are also diverging perspectives about how net neutrality can be treated in the future. Artificial Intelligence (AI), Digital Marketing, and other emerging developments have forced us to re-imagine our companies and make them more scalable, versatile, and customer-sensitive.

But how did we reach here?

Initiatives of the Indian Government So Far

Since the early 90s, India’s IT and ITeS services industry has played an increasingly important role in its economy, accounting for 7.7% of GDP in 2016. To capitalize on this basis, the new Indian administration declared in February 2018 that the government think-tank, the National Institution for Transforming India (NITI) Aayog (Hindi for Policy Commission), will lead a national AI research initiative. This development comes on the heels of a Task Force’s launch on AI for India’s Economic Transformation by the Commerce and Industry Department of the Indian Government in 2017.

Today we have finally reached the state of affairs where India’s overall number of tech start-ups has risen to 8,900-9,300, with 1,300 new ones introduced only this year. As India’s technology start-up scene grows to become the worlds fourth-biggest, it’s time to put academics, business, and policymakers together to develop a well-thought-out strategy and promote solutions to real-world issues of the real world.

What kind of Possibilities lies ahead?

According to several reports, it will take another 2-5 years for AI to become popular, and even then, it will be at the level of pilots and programmers rather than transformative performance. With the government’s growing interest in India’s AI applications, experts claim that AI’s interest has increased significantly across all business sectors in India. Artificial intelligence Training Institute in Noida

There lie great possibilities in AI to add $957 billion or 15% of the present gross value – to the Indian economy by 2035. AI can provide considerable incremental value to sectors, for example, energy, retail, manufacturing, healthcare, education, and agriculture. And will simultaneously increase the opportunity for jobs in all these sectors, each for AI experts and others.

Existing Momentum Challenges for Artificial Intelligence in India

In spite of the initial excitement for AI, some experts expressed concerns about untapped opportunities and suggested that the country should do even more to embrace and incorporate AI technologies.

Another recurring factor that stands like a hurdle is the cost of loss in India is far higher than in the West. In contrast to Western Society, Indian culture is less accepting of entrepreneurship loss. The main reason behind this is the fact that our country can’t afford such losses. So far, this has resulted in designs being copied from other sources and then customised.

In India’s comparatively underdeveloped economy, this “learning” process – obvious given the state of AI adoption in Western markets – may last longer. However, we all can keep hope for better future ideas and innovative entrepreneurs to draw on the IT services sector’s success in the near future to develop internationally competitive AI businesses.

Stay Ahead of the AI Curve

Backed by the specialized digital marketing skills, get all the insights you need from us. Think First Digital is one of the leading digital marketing services companies in Mumbai. We provide expert solutions in SEO, SMM, Content Marketing, Graphic Designing, Augmented and Virtual Reality, Website Development and Domain Hosting, App Development, and more. Machine learning training institute in Delhi

Striving to deliver you smart and immersive experiences for your business, we at TFD have raised the bar with the help of new-age technologies.


Please enter your comment!
Please enter your name here

Latest News

What are the steps to apply a roof water repellent?

Proper application of a roof water repellent is of critical importance in residential maintenance, ensuring the longevity of the...

More Articles Like This