The Scope of Artificial intelligence in India

Artificial intelligence has gained immense importance over the years, so much so that it is has found its presence felt in almost all the sectors that one can think of. Words cannot suffice the potential that AI holds when it comes to adding value to the Indian economy. There are certain factors that have paved the way for heavy AI investment across the globe. Talking about India, the combination of the AI technology, data, and talent that is responsible for making the systems intelligent systems, etc. has worked wonders for the economy and thus accounts for massive growth in AI investment. In the midst of all this, what needs to be answered is whether India is all set to seize the opportunities put forth by Artificial intelligence. Read on to find out what is the current situation of our country as far as AI is concerned, what is the scope of AI in India, and how well is India prepared to explore the opportunities in this field.

The stakes are high for India

What is quite surprising is the fact that despite being loaded with a tech-savvy talent pool, renowned universities, healthy levels of entrepreneurship, and strong corporations, India, as a country, lags on a certain set of indicators when it comes to AI development. A point that is worth a mention is that the stakes are high. The number of companies adopting AI technology in India is increasing with every passing day. However, there is still a long way to go for there are a good number of countries, especially the G20 ones, which are doing way better than us on this front.

Scope of artificial intelligence

There isn't any sector that hasn't fetched desired results by virtue of AI. With the kind of potential that AI holds, no wonder, it can boost growth and profitability and transform businesses beyond anticipation. The AI-powered systems have the ability to learn, adapt and evolve over time, thereby making it all the easier for organizations to achieve their goals. Right from serving as a tool to achieve the business objectives to improving public safety and saving lives, artificial intelligence has changed our lives for the better.

Making the best of the available opportunities

Artificial intelligence has opened up a plethora of options for improving the performance of the business. In order to make the best of the available opportunities, here are a few tips that can come in handy. Have a look!

An organization should take efforts to strengthen the country's AI research and development ecosystem. One can achieve this through better international cooperation. Steps like forging a national AI plan and multi-stakeholder partnerships in key sectors, enabling and broadening the access to data, creating a workforce of the AI future, etc. will undoubtedly fetch the desired results in no time. Additionally, embracing smart regulation in order to safeguard responsible AI turns out to be extremely beneficial.

During the times when India is taking every possible step to rekindle productivity and growth, artificial intelligence serves to be no less than a savior. Ultimately, what matters at the end of the day is that AI stands the potential to open new economic opportunities. Giving the potential and enormous growth in the years ahead, it is now time that we realize its worth and acknowledges the same in order to reap the best benefits out of it.