AS INDIA APPROACHES its 100th year of Independence, it stands on the brink of a monumental transformation. Emerging technologies such as artificial intelligence (AI), electric vehicles (EVs), and semiconductors are poised to become the pillars that will shape the country’s future. Experts believe that by embracing these innovations, India will not only secure its place as a global powerhouse but will also be able to tackle some of its most pressing challenges.
THE AI REVOLUTION
Let us kick things off with AI, which has the potential to revolutionise industries, improve governance, and enhance everyday life, say experts. Puneet Chandok, President of Microsoft India and South Asia, says as the world’s fastest-growing major economy, India is uniquely positioned to harness AI’s potential. “Generative AI’s rapid diffusion is transforming boardrooms to classrooms... We envision a future where every student has a personalised tutor, and every person can access personalised medical advice,” he says, adding that India has the twin advantages of a young population and a large developer base. And with 76% of enterprises focussed on Gen AI investments and with 1.5 million engineering graduates passing out annually, the market is poised to transition from the “information revolution” to the “intelligence revolution” by skilling its workforce in AI, he adds.
Rajiv Kumar, MD of Microsoft India Development Center, agrees. “AI’s growth will evolve from basic language models to advanced ones, excelling in analytical, emotional, and action intelligence, moving India towards its goal of being an AI-first nation,” he says.
This story is from the September 15, 2024 edition of Business Today India.
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This story is from the September 15, 2024 edition of Business Today India.
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