Introduction
Artificial Intelligence (AI) has revolutionized the way businesses operate, making it an essential component of India’s growth strategy. With AI expected to add Rs. 83,02,662 crore (US$ 967 billion) to India’s GDP by 2035, it’s crucial for the country to build trust in AI to harness its full potential. In this article, we’ll explore the opportunities and challenges India faces in its AI journey.
Body
Collaboration and Innovation
Tata Communications has collaborated with Amazon to establish an advanced AI-ready network in India, paving the way for innovative solutions in the country. This partnership demonstrates the potential for collaboration between industries to drive growth and adoption of AI.
AI in Business
AI is transforming the business landscape, automating routine tasks, and allowing workers to focus on strategic and creative roles. Paytm’s clean execution, cost discipline, and merchant dominance reinforce the long-term confidence in AI-driven business models. As India’s industries rely more on data and AI-driven insights, it’s essential to develop AI-enabled business leaders who can lead this transformation.
Challenges and Opportunities
While AI has the potential to boost productivity levels, it’s crucial to address the challenges surrounding trust in AI. Courts should be transparent about AI usage, offering remedies if errors occur. India’s judiciary, legislators, bar leaders, and technologists must work together to ensure AI tools uphold due process and public trust.
Conclusion
AI is transforming economies and boosting productivity levels. With 16% of the global AI talent pool residing in India, the country is uniquely positioned to harness AI for significant economic growth. The integration of AI promises accelerated growth and the creation of a resilient, adaptable workforce. As India’s AI journey unfolds, it’s essential to build trust in AI to unlock its full potential.
Admissions Open: A New Chapter Begins
Applications are now open for the BSc in Business AI programme, designed to equip students with the tools and foundation to lead the AI-driven transformation in India. This ground-breaking academic journey is poised to shape the future of AI-enabled business leaders in the country.
Originally published on https://www.businessworld.in/article/building-ai-is-easy-earning-trust-will-be-indias-challenge-564264
