Artificial Intelligence (AI) Now not just an emerging technology, but has become the backbone of India’s digital future. This technology is no longer limited to research labs, but it is being widely used in all small and big businesses. A new report by Boston Consulting Group (BCG) and Nasscom has revealed shocking figures about AI’s fast growing market and its possibilities.
According to the report, where India’s AI market was about $ 6 billion in 2023, it is expected to reach $ 17 billion by three times by 2027. This shows that in the coming years companies will fully include AI in their strategies.
Where earlier companies used to test only AI, they have now made it a part of their main operations. In areas such as customer service, data analysis, automation, AI has not only accelerated, but has also become more accurate.
The number of AI professionals in India has crossed 6 lakhs and by 2027 it can reach 12.5 lakhs. After the US, India is now second in the world in terms of AI talent.
Platforms like Cowin, Digilocker and UPI have designed a strong digital structure, giving further speed to the development of AI.
Due to AI, there is a big change in companies:
The Government of India has announced an investment of ₹ 10,000 crore under the AI mission. At the same time, private companies are also going to invest in AI training up to ₹ 8,300 crore.
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AI will enter areas such as education, agriculture, healthcare, manufacturing and finance in the coming years. Along with this, issues like data security, morality and job security will also be revealed.
AI is not just a technological change for India, but a revolution to move forward in the digital age. This will not only give new direction to business and jobs, but will also establish India as a technology leader globally.
