A Deep Dive Into India in AI, despite low Investment
Artificial Intelligence is growing rapidly in global markets, but the Investment in AI sector is still a small percentage (1.5%) of the total worldwide spend. The transformation nature and the rapid strides of the sector in India has given more awareness about the product in few years.
AI is emerging as essential Technology sectors in india are widely and its contribution to India’s GDP, it is important to help small, medium and large Enterprise level. The Artificial Intelligence helps many sectors and help it own way from workplace, Banking, healthcare, defence and government.
NASSCOM have collabrated with Tech gaints Microsoft, Capegemini and EXL to bring NASSCOM AI Adoption Index to bring Innovation and transformation in many sectors. India is classified as enthusiast and will take its own maturity time on AI technology.
By 2026 AI will contribute 60% of India's GDP through sector's like Banking, Healthcare, e-commerce and Consumer goods, the consumers can see a vaalue in adopting the AI. The usage of AI by the Corporate stector is less than 15% will contribute more in the comming years.
Building dedicated AI for workplace is limited with 40% with the use-case for multiple functions. The operational cost for the organization is mainly driven by the AI which helps in revenue and productivity in organisation.
The Low maturity level of a Artificial Intelligence helps to adapt to the major organisation which helps to solve the task enhances end-user experience through real-time. The Omni channel support which can also make a greater revenue. Continous upskilling of AI helps effective market for value driven innovation.
