August 07, 2020
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January 19, 2017
Artificial intelligence (AI) is no more the theme for science fiction or Hollywood movie. The fusion of cyber and the manual task is transforming the economic and security landscape not only in India, but across the world. Artificial intelligence is not something new. However, AI is an important development and consumers in India will witness its prominent role – both in society and at work – in 2017. In addition, there is expectation that the use of artificial intelligence will proliferate across multiple business, social and government spheres.
Studies have revealed that as more and more business are tapping into this new wave of cognitive analytics, AI will drive significant investment in application installation, customization, integration, training and maintenance. Companies are also well-prepared to spend on IT hardware and services including computing power, graphics processor units, networking products, cloud computing and storage.
Below listed industry areas is expected to be largely effected by the AI Technology:
Despite the recent demonetization and economic volatility in India, we can expect that there will be a rapid and substantial expansion of financial services as the government’s regulations and legislations are promoting growth in these areas. It is important to note that the adoption of AI technology is not about human elimination, but the elimination of manual and repetitive tasks through software robots.
Guest Blog by:
WPS India Team