One of the major innovation epochs - Artificial Intelligence, is driving the world into a different zone altogether. Research states that rise of AI in developing countries would be much faster than in developed nations because of the larger magnitude of change being experienced in developing countries. "The premise is that when any technology comes in, there is a lot of hype. Everyone talks about it but most don’t know how to adopt it," said Milan Sheth, partner, advisory services and technology sector leader, EY India.
A study by Accenture, reports that AI could dramatically boost economic growth and productivity by up to 40% in 2035. Lot of developments are being carried out to open AI Centres in India. Embarking a new journey to bridge the gap between the lab and the market, it will concurrently nurture a research and innovation ecosystem around. Some of the recent developments happening around the same are:
- EY will be opening its first artificial intelligence centre in Mumbai to help its clients figure out the best way to use these emerging technologies. EY’s AI Center will draw together teams of multi-disciplinary practitioners, combining expertise in AI and robotics along with domain experience in various sectors.
- Intel endeavor to train 15,000 scientists, developers, engineers and students on AI in India over the next one year is making headlines all over. It bets heavily on India to boost artificial intelligence usage. Intel powers 97% of data centre servers running AI workloads and offers flexible performance-optimized portfolio of solutions.
- Sophos is also ramping up R&D activities from India. Post merger of the Ahmedabad based network security brand Cyberoam, UK-based network and endpoint security provider Sophos, is now looking at growing its machine learning and AI based security product portfolio in India.
More than 200 AI-focused global companies have collectively raised more than $1.5 billion in half the year of 2016 alone
Not only corporate, even Indian states are creating budgets to encourage research and innovation in artificial intelligence and machine learning. Recently, The State budget of Karnataka did set aside funds for technologies that are expected to play a big role in the future. The State government of Karnataka, despite its conservative approach, has proposed to establish an Artificial Intelligence and Robotics Centre at the Indian Institute of Information Technology in Bengaluru.
As India undergoes digital transformation, the data centre and the intelligence behind the data collected will enable the government and industry to make quick decisions based on algorithms,” said Intel South Asia Managing Director Prakash Mallya on the margins of Intel’s ‘AI Day 2017’.
Current and Future developers will have to work closely with big corporations and invent creative ways to leverage big data sets to train their AI systems. Due to this current surge of innovation, our education system needs to respond quickly. A curriculum and pedagogy in similar lines need to be evolved with policy makers to prepare the majority of the population for a very different job market in next 10 years.
A clarion call to come together and help build an AI ecosystem in India will go a long way for India. It will definitely help to take a quantum leap into the AI-driven future.