India is in prime condition to fully utilize AI technology to further boost her already flourishing economy . Prime Minister Narendra Modi has unashamedly praised the potential of AI and encouraged Indians to embrace the latest technology .
New Delhi (India), December 7 : As artificial intelligence comes to an end, countries around the world are jumping on the AI bandwagon.Artificial intelligence seems to be on the verge of revolutionizing virtually every facet of society, and no one wants to be left behind.Its ever-expanding use across industries is evidence that AI is here to stay and thrive, according to Prime Minister Narendra Modi, who has unashamedly praised the potential of AI and encouraged Indians to embrace the latest technology.I think AI is the single most promising emerging technology in this area.
With government backing fully in this emerging technology, more and more industries have adopted AI, ranging from improving the health system to collecting tolls on highways.According to many observers, India is in prime condition to fully utilize AI technology to further boost her already flourishing economy.Many private companies have jumped on board and have been quick to embrace the opportunities that AI has to offer.The 39th annual World AI Show was held in Mumbai, India's financial capital. According to the World Economic Forum, AI expenditure in Indian healthcare increased by over 109 per cent in 2018, totaling USD 665 million USD, and is projected to reach USD 11.78 billion USD by 2025, adding USD 1 trillion USD to India's economy by 2035.The technological revolution has also boosted individual curiosity, and many promising, young students have recently developed new theories.Although many fear that AI and Machine Learning will continue to dominate all industries, experts also believe that AI's rise would result in more employment openings and opportunities.In 2017, an estimated 33.4% increase in jobs related to data science and mathematical analysis will be achieved, much of which will be AI-based, according to Rajkumar Sharma, AICRA President.