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Positioning India as a Premier Destination for AI Strategic Perspectives
Speark: Snehanshu Mitra, Head - COE, AI & Data Science, NASSCOM
Moderator: Sameer Dhanrajani, CEO & Co-founder, AIQRATE
Thursday, April 30th 2020


As the race to establish AI supremacy picks up, India is taking giant strides in implementing artificial intelligence (AI). More than 40% of the companies are going beyond pilot and test projects and adopting AI at a larger scale. The economic impact of AI in GDP for India, will be primarily driven by Productivity gains from businesses augmenting their existing labor force with AI and Increased consumer demand resulting from the availability of personalized and/or higher-quality AI-enhanced products and services. The consumer revolution set off by AI opens the way for massive disruption as both established businesses and new entrants drive innovation and develop new business models. As India undergoes rapid AI-led transformation journey; enterprises, technology & consulting providers, data centers; GCCs, startups will redefine the AI prowess for India in the coming few years. Though both corporates and startups are making significant inroads in instituting AI in their service architecture and product offerings, and sometimes as part of their core business strategy itself, the challenges in the public sector in instituting AI can be quickly overcome due to huge Digital Movements instituted by the Indian Govt: Digital India, Skill India and Make in India. This will create a solid bedrock of AI Footprint which will act as a foundational infrastructure to base AI implementation on, opening a huge blue ocean in public sector, rich for AI investment. India is poised at an inflection point to establish itself as a premier destination for AI ……