Introduction
Artificial intelligence has progressed from a fictional concept to a reality over the last few decades. Businesses and organizations worldwide are already acquainted with artificial intelligence (AI) in their day-to-day operations. There are several means by which artificial intelligence has demonstrated its ability to improve the efficiency of processes, reduce human errors and labor.
Artificial Intelligence
When a computer or a computer-controlled robot performs tasks normally associated with intelligent beings, it is known as artificial intelligence. The term refers to the goal of creating systems that have cognitive abilities similar to those of humans, such as reasoning, meaning discovery, generalization, or the ability to learn from prior experience.
Automation is the most evolved and complex form of Artificial intelligence. With AI, computers are now making decisions based on previous data or events. Almost every industry and individual’s future are being impacted by artificial intelligence. It has contributed to the development of technologies such as big data, the Internet of Things, and robotics.
In terms of job growth, the field of artificial intelligence appears to be promising and competitive, with employment opportunities expected to grow faster than the national average. These are highly specialized positions that require extensive technical knowledge and practical experience. AI professionals will be in high demand as the economy grows and businesses use technology to improve their customer service, increase sales, and streamline operations. This will, in turn, result in greater demand for Great Learning online artificial intelligence courses.
Artificial Intelligence in India
Because of its large population and rapid economic growth, India has a significant stake in the future of AI. In 2017, India’s Commerce and Industry Ministry formed an Artificial Intelligence India Task Force for India’s economic transformation. The Government think tank, the National Institution for Transforming India (NITI Aayog), prioritized AI research in the information technology industry around 2018. Since then, artificial intelligence has become a part of nearly every industry in India. Artificial intelligence is being used in various fields, including healthcare, education, agriculture, smart cities, and infrastructure.
According to a NASSCOM report, India has seen a significant rise in AI-focused innovations in the past five years. During this period, more than 4,000 AI patents were filed, which is six times as many as in 2011-2015.
Artificial intelligence is becoming popular in various business industries in India. Three factors have contributed to the growing interest in AI:
- Businesses have recognized the importance of AI for growth and development and have begun to train their employees to compete with other global players.
- There has been a rise in the number of educational institutions that are offering training in artificial intelligence (AI), machine learning (ML), and other relevant topics.
- These skills are being acquired by individuals and professionals alike, with many pledging to invest in their education.
The following are some of India’s strengths in AI augmentation:
- India’s technology sector is very strong.
- IT schools produce a large number of talented IT experts.
- The Government is promoting digitization.
- The diversity of cultures means the diversity of data, which is used to develop powerful software applications.
- There is no legacy infrastructure present in many business sectors, so India may decide to skip this step of upgrading the same.
Artificial Intelligence India ecosystem
Accenture’s recent AI research study provides a methodology for assessing the economic impact of artificial intelligence for some G20 countries, with AI expected to boost India’s annual growth rate by 1.3 percentage points by 2035.
Artificial Intelligence companies in India
In the coming years, artificial intelligence will have a significant impact on how we live and work. Investor interest in AI companies’ stocks has grown in tandem with the rise in demand for AI technologies. Listed below are India’s leading artificial intelligence firms:
- Coforge & Co.: It’s an IT company that provides end-to-end software solutions and support. In terms of software exports, it is ranked in the top 20 in India.
- Saksoft: It is a leading provider of information management solutions to successful businesses across the globe. It delivers end-to-end business solutions that harness AI technology to help its clients improve business performance.
- Happiest Mind Technologies: The company develops and provides disruptive technologies such as cloud computing, artificial intelligence, blockchain, robotics/drones, the internet of things (IoT), and other services. It also employs artificial intelligence in language processing, video analytics, image analytics, and emerging technologies such as AR and VR.
- Tata Elxsi: A member of the Tata Group, is one of the leading providers of technology services across several industries such as automotive, transportation, healthcare, broadcasting, and communication.
- Persistent Systems Ltd (PSL): It is an industry leader in outsourced software applications development services and has steadily expanded its AI footprint over the years.
Key AI initiatives of the Indian Government:
In the 2019 Union Budget, India’s Finance Minister announced that the Government would provide industry-relevant training to 10 million youth in technologies such as big data, AI, and robotics. To promote AI, big data, machine learning, cybersecurity, and robotics, the Indian Government increased its investment in Digital India to $477 million by 2020. The country’s digital initiative seeks to increase internet access by promoting e-banking, e-education, e-governance, and e-health.
The Indian Government is at the forefront of the AI revolution, using it for criminal investigation, biometric identification, facial recognition and hotspot analysis, digital agriculture, tiger protection, traffic and crowd management, student progress monitoring, and other applications. Additional efforts by the Ministry of Electronics and Information Technology (MeitY), NASSCOM, and the DRDO (Defence Research and Development Organization) have laid out a roadmap for AI in India. In 2014, the Centre for Artificial Intelligence and Robotics (CAIR) laboratory was established by DRDO for research and development in AI, networking, robotics, command & control, and communication & information security. A primary objective of CAIR is the development of mission-critical software for use in military communication and management systems.
Final Thoughts
Artificial Intelligence in India is advancing rapidly at the moment. In addition, the Government is focusing on digital transformation and artificial intelligence initiatives. Policy structures and initiatives are being developed by various artificial intelligence institutes as well as various business sectors. As a result of the growing need for AI experts, many educational institutions have sprung up offering artificial intelligence courses online.
Take up Great Learning AI courses online as they can help you upskill and progress in your career. These comprehensive courses are curated and delivered by industry experts and focus on practical and personalized learning to establish your career in the field of AI.
