Artificial intelligence for Resilient Growth

India’s journey towards embracing technology digital transformation has come a long way. The foundation to leapfrog with the new wave of emerging technologies has been well-laid in terms of flagship programmes such as Digital India, Make in India, Smart Cities, Jan Dhan Yojana, Startup India and Skill India. Every stakeholder group can be proud of the efforts and achievements around the creation of the world’s largest rural broadband network, largest direct benefit transfer system, largest digital identity system and the citizen engagement platform MyGov.

These initiatives, coupled with the push to skilling and entrepreneurship, are providing the foundation for the infusion of the next wave of technology solutions around AI, IOT etc. Artificial intelligence is fast becoming the most significant technology of our era. With techniques like machine learning, we can now build systems that are capable of improving their own performance by learning from data over time.

Fast decision-making is a key ask for the businesses to stay competitive in the market. It is crucial that the business gains insights from its enterprise data set takes necessary and timely action. Tech players rapidly moved into the AI space and have redesigned existing products as well as engineered new ones so as to embed AI within them, with the aim of catering to the diverse requirements of industries.

The advent of affordable and prevalent high compute hardware, coupled with parallel processing on emerging platforms such as cloud-based infrastructure, has made it possible to deploy AI solutions with good enough performance for real-world applications. Additionally, commoditization of AI methods and techniques offered by several AI/ML frameworks and libraries has brought machine learning out for research labs into the mainstream. Digital disruption has transformed global business.

Finally, as new models and processes emerge, artificial intelligence (AI) plays an integral role in boosting companies’ agility, enterprise intelligence and success.