As the race to establish AI supremacy picks up, India is taking giant strides in implementing artificial intelligence (AI). Significantly , majority of Indian enterprises are going beyond pilot and test projects and adopting AI at a larger scale. The economic impact of AI in GDP for India, will be primarily driven by productivity gains from businesses augmenting their existing labor force with AI and Increased consumer demand resulting from the availability of personalized and/or higher-quality AI-enhanced products and services
Increasingly, Startups have initiated leveraging AI to the core and consequently, external funding deployed to artificial intelligence (AI) startups by VC/PE firms have reached a record high. Last year, VCs struck 859 deals with AI companies, nearly five times the number that signed on the dotted line four years before. To date, the market contains 2,045 AI startups with more joining by the day.
Global Capability Centers(GCCs) are at an inflection point as the pace at which AI & Digital technologies is changing every aspect is exponential and at high velocity. GCCs are contextually empowered with critical and strategic business capabilities. They are rapidly evolving as enterprise transformation hubs and are beginning to be in the center of AI & Digital driven transformation wave.
Facebook has been trying to get a foothold in the news space for many years. Last year, the company launched a dedicated section on its site called Facebook News for users in the US. It also wants to expand this program to other countries such as Brazil, Germany, and India.According to a report from BuzzFeed […]
Featured Article: Author: Amita Mirajkar, EXL As technology permeates every aspect of our lives, the education sector stands on the verge of a transformative change, courtesy Generative AI. Last few months, we have seen a surge of concern across institutions of higher learning as Generative AI programs, such as ChatGPT, gain popularity. According to MarketResearch, Generative […]
Featured Article: Author: Tarana Chauhan, Procurement Analyst, AB InBev Dependency on Commodities and Associated Risks: Companies with Agricultural commodities as their core raw material face several risks in supply security. Agricultural commodities not only suffer from the risks associated with market dynamics like all other commodities but are also impacted by environmental factors making them […]
Featured Article: Author: Nikhil Bimbrahw, Genpact From the moment we wake up, to the moment we go back to sleep, technology is everywhere. The highly digital life we live in and the development of our technological world has become the new normal. According to the International Telecommunication Union (ITU), almost 50% of the world’s population uses the […]