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.
Featured Article: Author: Divya Kalra, Analytics Practice Lead, Philips Background and Context Efficient Supply chains mean provide right product at the right time and right place. The focus of supply chains has always been operational excellence. However, the recent pandemic, chip shortages has forced the supply chains to focus on customer experience as well. The […]
Since its inception, AI has experienced at least two major hype cycles with resulting winters of disillusionment. Although after the first “winter”, many financial firms deployed a number of successful applications, by the 1990s, AI went into its second winter of disillusionment as realization set in that these systems were harder and more costly to build and maintain […]
Featured Article: Author: Nitin Srivastava, Director – Data & Analytics, Advance Auto Parts India To ride this tide of disruption, it is crucial to understand the pulse of customer behavior and demand and integrate it into a digital first approach. One of the key changes brought about by the COVID pandemic was the acceleration of […]
Featured Article: Author: Jayachandran Ramachandran, Senior Vice President – Artificial Intelligence Labs Course5 Intelligence There are multiple inflection points in the history of the computation industry since the invention of computers in 1945. Some of the seminal moments are the advent of mainframe technology, personal computing, graphical user interface, Internet, mobile tech, cloud tech, artificial […]