The Scope of AI in India
India has been on the map of technological advancement, and the world is looking up to it with lots of curiosity. The world has been consistently talking about the role that India would play in the 21st century and the impact it would have on the globe. India, in fact, is adopting AI Technology with open arms.
Building intelligent machines, algorithms, and systems that can carry out tasks that traditionally require human intelligence is the focus of the broad field of artificial intelligence (AI). It has multiple approaches, but advancements in machine learning and deep learning are creating a shift in virtually every sector of the tech industry. AI allows machines to model and emulate the capabilities of the human mind.
Role of AI in Various Fields
From the development of self-driven cars to the entry of smart assistants like Siri and Alexa, AI is growing every day. Many tech companies across various industries are vouching for artificially intelligent technologies.
Artificial intelligence is also a field of data science that teaches machines to learn from inputs and adjust to inputted fields and criteria and perform tasks that match certain human levels. AI has emerged as a primary data function by activating advanced algorithms and increasing computing power. The algorithms are now changing business domains and organisations as they are now designed to make real-time decisions and interpret various types of data.
AI operation is becoming increasingly useful with personnel from non-technological backgrounds adopting AI processes. These technologies are central to the functioning of smartphones, Smart TV, household appliances, and automobiles.
The AI function is evolving into an innovative enterprise segment. MNC technology, advanced domestic engineering, healthcare, and semiconductor firms, to name a few, are now developing advanced artificial intelligence capabilities in India and providing top-notch AI services to firms across various industries and geographic areas.
AI in Indian Market
The Indian artificial Intelligence market is rated at 7.8 billion USD, and this figure represents a 22% increase in the size of the market over 2020. After the adoption of AI Services in 2020 to ensure contactless payments and virtual banking services, the BFSI’s contribution to the AI industry has remained constant.
The AI market share and size in relation to the types of companies is the highest across the broad MNC IT/TECHNOLOGY/ELECTRONIC CATEGORY, which includes high-end software and hardware technology, IT services, and semiconductor and electronics firms. There are about 109000 artificial intelligence personnel working in India, and the salary of an AI professional in India is close to 14.3 Lacs.
The highest middle-level salary is drawn by AI professionals in Mumbai at INR 17.3 Lacs.
About 14500 open positions in AI are currently available to be filled in India. Accenture has the largest AI operations base in India. IBM and Capgemini are among others who provide AI services as a part of the larger digital service offerings to their international and domestic clients.
India as an International Hub for AI
Soft Technology firms such as Microsoft have the largest AI operations in India across this subcategory. Electronics and semiconductor firms such as Samsung, Intel, Nvidia, Qualcomm, and AMD develop AI technologies for smartphones, processing units, Chips, Memory Devices, Servers, DATA centres, and other sensor-driven technologies.
India may be on the path to becoming an international hub for Artificial Intelligence, and it is well on its way to becoming one of the most important destinations for the development of AI across the globe. Thus aspirants must consider opting for a degree in Computer Science (Artificial Intelligence) from one of the best artificial intelligence engineering colleges in Jaipur.
Concluding thoughts
To conclude, India is all set to emerge as a major player in the field of Artificial Intelligence, facilitated by a large workforce consisting of highly skilled technology professionals and a flourishing startup ecosystem backed by government support and investment. As the country continues to invest in AI research and development, we may anticipate the emergence of cutting-edge new AI-powered solutions that have the potential to drive momentous social and economic benefits both in India as well as around the globe.