The future of Artificial Intelligence (AI) in India is looking bright. According to the International Data Corporation (IDC), the Indian AI industry is expected to expand at a compound annual growth rate of 20.2 per cent, from 3.1 billion USD in 2020 to 7.8 billion USD by 2025. This growth is driven by the increasing demand for AI-based solutions across various sectors such as healthcare, retail, finance, and manufacturing.
The Indian government has also taken steps to promote the use of AI in the country. In 2019, the government launched the National Artificial Intelligence Portal, which provides resources and guidance to help businesses, government departments, and citizens leverage AI. The government has also set up the National AI Mission, which is tasked with developing AI-based solutions for various sectors.
AI is being used in a variety of ways in India. In healthcare, AI is being used to diagnose diseases, predict medical outcomes, and provide personalized treatments. In retail, AI is being used to analyze customer data and provide personalized recommendations. In finance, AI is being used to detect fraud and automate financial processes. In manufacturing, AI is being used to automate production processes and optimize inventory management.
The increasing use of AI in India is creating a number of job opportunities. According to a report by McKinsey & Company, the AI industry in India is expected to create around 500,000 jobs by 2022. These jobs will be in the areas of data science, machine learning, natural language processing, and computer vision.
The future of AI in India looks very promising. With the government’s support and the increasing demand for AI-based solutions, the AI industry is expected to grow rapidly in the coming years. This growth will create new job opportunities and open up new possibilities for businesses and citizens alike.