When Artificial intelligence was first discussed in a workshop at Dartmouth College in 1956, nobody knew it could be the wheel of innovation for every industry in the next 70 years. In 1960s, AI entered India through the work of Professor H.N Mahabala and there was no looking back.
Today, In India, AI adoption is happening in sectors like banking, financial services, insurance (BFSI), automotive, tech, retail, healthcare, education, and whatnot. These industries alone contribute to a major part of India’s economy. According to a Nasscom report, artificial intelligence (AI) and the data utilization strategy adopted by the Indian government can add about $500 billion to India’s GDP by 2025.
India is on its way to becoming “AI Garage of World”, according to the NetApp report nations such as India, Singapore, the United Kingdom, and the United States are leading the charge on AI adoption and innovation.
Commenting on AI’s positive development, Manish Mohta, Director, Learning Spiral said, The incorporation of AI by 70% of companies in India is a positive development. It stands for a resolute dedication to efficiency, innovation, and global competitiveness. The use of AI has the potential to boost productivity, generate new job opportunities, and stimulate the economy, despite worries about how it may affect the working class. It’s critical to invest in reskilling and upskilling the workforce to make sure they are ready for the changing job market to reduce potential threats. India’s economy can become more dynamic and prosperous by adopting AI responsibly.
For more details, visit – https://observenow.com/2024/05/is-india-the-new-ai-garage-of-the-world-know-how-with-observenow/
