A deep dive into how India's AI advancements are set to revolutionize industries and uplift society, guided by a commitment to responsible innovation
Alok Ohrie, President and Managing Director, Dell Technologies India
Artificial Intelligence stands to make a progression in 2024, from training to inference-based applications. This crucial transition will have far-reaching ramifications for businesses across sectors, driving productivity, profits, and return on investment. Maturation of pre-trained models and the widespread adoption of transfer learning techniques for enhancing the overall efficiency of AI-powered solutions is empowering enterprises to generate business value through improved decision making, reduced costs, and faster time-to-market.
In India, wide adoption of Artificial Intelligence— by almost 59% of enterprise as per estimates— is revolutionizing operations through business process optimization, enhanced customer experiences, and risk mitigation and compliance, thereby positioning India amongst the top countries utilizing AI technologies. Artificial Intelligence could contribute up to USD 500 billion to India's GDP by 2025 and increment USD 1 Trillion to the economy by 2035.
India has the capability to emerge as an influential player in the international AI landscape, and as a global hub for tomorrow's AI revolution. To claim its position at the top of the AI value chain, India must adopt a multi-faceted approach that leverages its inherent strengths in IT services, workforce, and vibrant startup ecosystem.
Through strategic investments prioritizing sectors where India has compelling strengths or needs— such as healthcare, agriculture, finance and education, we can improve services, drive economic growth and enhance quality of life while at the same time accelerating relevant research and development.
Recent events have underscored the need for fostering responsible AI innovation in the light of algorithmic bias, inaccuracies, possible misuse and discrimination that could dilute the transformative potential of cognitive technologies and undermine fundamental rights such as privacy and freedom of expression.