The study provides an overview of the AI market in India, driving
factors and challenges for AI adoption, popular AI applications that
have found increasing adoption in the market, and case studies
demonstrating success of AI adoption and also explores some of the key
industry verticals that have either already infused or are looking to
incorporate AI into their business processes along with guidance on
areas of opportunity for organizations in the AI space.
The study also aims to inform AI services about the potential growth
opportunities for AI offerings and possible strategies to increase their
footprint in the Indian market.
Market Insights
The democratization of data brought about by the digital revolution has
led to increasing adoption of AI-related technologies, which help
business processes shift from a traditional data-centric IT to a more
evolved information-centric IT process.
The combination of superior hardware, cloud-based computing, and the
proliferation of Big Data technology has spurred considerable
development in the performance of machine learning - one of the pillars
of AI that enables machines to learn from their own experience rather
than from human intervention.
By leveraging the advanced insight-generation and knowledge engineering
capabilities of AI, businesses have the power to make informed decisions
based on logical reasoning.
The last decade has seen the growth of AI from a technological luxury
providing static intelligence to a strategic necessity delivering
incremental intelligence through revenue generation.
The Indian market offers tremendous scope for technology-assisted
solutions, and in recent years, it has been an active enabler for
adopting analytics and AI-based solutions. The push from the government
to utilize technological advancements to reduce financial losses and
increase output efficiency has also been a key driver for the adoption
of AI applications in India.
While there is considerable traction in the adoption of advanced
technology, the Indian market has its own challenges as compared to
other developed nations. As a result, service offerings in the AI market
are subjected to challenges such as reluctance to invest, lack of trust
owing to data privacy concerns, and security issues.
There has been an exponential increase in the number of AI-based
start-up companies in the last five years, which are focused on
delivering solutions that cater to industry-specific requirements and
generate reliable, revenue-generating insights.
Key Topics Covered
1. Executive Summary
Disruptive Trends for Artificial Intelligence (AI) in India
2. Scope and Segmentation
Market Overview - Definitions
3. Industry Overview
Evolution of AI Systems
Transformative Landscape of AI
AI - Value Chain
Government Initiatives - Push for Adoption
Economic Impact of AI for India
4. Drivers and Restraints
Key Drivers for AI Adoption in India
Key Restraints for AI Adoption in India
5. Growth Opportunities and Companies to Action
Growth Opportunity 1 - Acceleration of Digital Automation
Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume...
WomenHeart: The National Coalition for Women with Heart Disease, in collaboration with Bayer, is proud to announce the launch of the Understanding Her Heart: Women and Cardiovascular Disease initiative. This groundbreaking partnership aims to bolster...
At KU, we recognize how family and work commitments, health or mobility limitations, and other responsibilities can create barriers to education and career advancement. With the goal of creating degree programs that are accessible to everyone with...
Atlanta Business Chronicle announced that Invisors, a Workday Services Partner, made the 2024 Pacesetters list for the 3rd consecutive year. The list represents the 100 fastest-growing privately held companies in the metro Atlanta area....
VinFast Auto today announced the launch of Sony's new online entertainment service, RIDEVU, on its VF 8 electric car model in the U.S. As the world's first automobile manufacturer to launch RIDEVU, VinFast reaffirms its commitment to providing...