Artificial intelligence (AI) may contribute 10% of India’s GDP by 2025, or by as much as $500 billion. Sangeeta Gupta, Nasscom’s senior VP and chief technique officer, says India can guarantee AI for all using AIaaS (AI-as-a-Service) — simple to implement cost-effective options.
“India is already seen as a rising vacation spot for knowledge annotation and labelling providers globally. The important constructing blocks are in place to propel India into one of many main world hubs for knowledge and AI providers.”
AI to add $500bn to India’s GDP by 2025
AIaaS vista has about 100 gamers (software program & service suppliers, community gamers, area of interest AI & analytics gamers)
The tech ecosystem is AI’s largest adopter
Vibrant SMEs can drive AI adoption
AI market is led by the IT sector, adopted by BFSI, retail, and manufacturing
India’s AIaaS market set to guide the world
Authorities function in AIaaS unfold is vital, as end-user & ecosystem enabler
Authorities-sponsored and industry-academia R&D partnerships are key to native innovation
IT service gamers have the task of collaborating with deep-tech startups
India’s AIaaS market contains world programs integrators and Indian MNCs, specialised AI and analytics service suppliers, world {hardware} and networking giants
India’s expertise in infrastructure
India is the most important exporter of expertise providers globally
About 5.1mn folks employed by the Indian IT providers {industry}
300-320,000: India’s annual provide of AI and Massive Information Analytics professionals
Annual demand is 430-450,000
Information and analytics are the fastest-growing space for IT service suppliers
10-15,000 contemporary STEM graduates with AI/ML curriculum in 2020-21
Tackling lack of expertise
- Entry-level expertise lacks the power to develop sensible AI options for enterprise, necessitating pre-job coaching
- AIaaS wants expertise with the power to combine AI and knowledge expertise to develop options
 may contribute 10% of India’s GDP by 2025, or by as much as $500 billion. Sangeeta Gupta, Nasscom’s senior VP…){kind=link}