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Artificial Intelligence to Double Innovation Speed in India by 2021: Study - The Next Tech

Artificial Intelligence to Double Innovation Speed in India by 2021: Study

Evelyn Addison
by Evelyn Addison — 1 year ago in Artificial Intelligence 2 min. read
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More than twice speed of innovation and employee growth in India

Artificial Intelligence (AI) is anticipated to more than twice the speed of innovation and employee growth in India from 2021, said fresh Microsoft-IDC research on Monday.

While just one-third of businesses in India have embarked on their Artificial Intelligence journeys, these businesses which have embraced this technology anticipate it to boost their competitiveness by 2.3 times in 2021, ” said the research that studied 200 business leaders and 202 employees in the nation.

“Economies and companies who have yet to embark in their AI travel run a real danger of falling out on the competitive advantages that are appreciated by leaders,” said Rohini Srivathsa, National Technology Officer, Microsoft India.

According to the findings, India should build upon its own investment, strategy and data so as to quicken its AI travel.

The study also underlined the need for cultural changes and skilling and re-skilling workforces to make AI work for the country.

The growth of Artificial Intelligence and the development of artificial intelligence means there was a requirement for employees to upskill and upskill to stay applicable and play a role in the workforce of the future.

Also read: Can You Imagine Ai’s Promise after the Coronavirus? Doesn't have to be Hard

“The occupations of today work won’t be the tasks of tomorrow and we’ve already seen need for software engineering functions extend rapidly past only the technology industry.

To assist programmers and organiaations build experience in Cloud computing, information sciences, AI and Web of Things (IoT), Microsoft on Monday also announced the roll from this”intersection of AI”, a specially curated five-day workshop series.

The session is going to be addressed by info scientists and AI specialists from companies like Flipkart, Reliance Jio and InMobi which are leading the way in changing their businesses and the business using technologies, Microsoft said.

To satisfy with the Artificial Intelligence developer demanded by business leaders, Microsoft had announced the launching of its AI Business School earlier this season.

Evelyn Addison
Evelyn Addison

Evelyn is an assistant editor for The Next Tech and Just finished her master’s in modern East Asian Studies and plans to continue with her old hobby that is computer science.

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