Concluding remarks

In the “Age of WithTM”: Humans and machines, adopting AI organisation-wide is swiftly becoming an integral part of the corporate strategy across industries. Organisations are undertaking multiple initiatives, from setting up AI/ML COEs, training senior and mid-management on leveraging AI, and modernising data infrastructure, to effecting companywide adoption and gaining a competitive advantage.

AI offers tremendous growth opportunities for current and future adopters, who can take a centralisedfederated approach and focus on integrating and scaling across functional units. Emerging risks and regulations may slow down overall adoption and innovation efforts but addressing the risks in a comprehensive manner can make the transition smoother. Designing principles and processes to actively manage AI risks can help the organisations build trust with its stakeholders.

The “Age of WithTM” is going to disrupt businesses over the next 18–24 months and AI adoption strategies and implementation practices will define the competitive advantage organisations gain as a result.

CII Profile

The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering industry, Government and civil society, through advisory and consultative processes.

For 125 years, CII has been working on shaping India's development journey and, this year, more than ever before, it will continue to proactively transform Indian industry's engagement in national development.

CII is a non-government, not-for-profit, industry-led and industry-managed organization, with about 9100 members from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 300,000 enterprises from 288 national and regional sectoral industry bodies.

CII charts change by working closely with Government on policy issues, interfacing with thought leaders, and enhancing efficiency, competitiveness and business opportunities for industry through a range of specialized services and strategic global linkages. It also provides a platform for consensus-building and networking on key issues.

Extending its agenda beyond business, CII assists industry to identify and execute corporate citizenship programmes. Partnerships with civil society organizations carry forward corporate initiatives for integrated and inclusive development across diverse domains including affirmative action, livelihoods, diversity management, skill development, empowerment of women, and sustainable development, to name a few.

With the Theme for 2020-21 as Building India for a New World: Lives, Livelihood, Growth, CII will work with Government and industry to bring back growth to the economy and mitigate the enormous human cost of the pandemic by protecting jobs and livelihoods.

With 68 offices, including 10 Centres of Excellence, in India, and 8 overseas offices in Australia, Egypt, Germany, Indonesia, Singapore, UAE, UK, and USA, as well as institutional partnerships with 394 counterpart organizations in 133 countries, CII serves as a reference point for Indian industry and the international business community.

Confederation of Indian Industry (Northern Region) - Sub-Regional Office Plot No. 249-F, Sector-18, Udyog Vihar, Phase IV, Gurugram - 122 015 T: +91-0124-4014073 • F: +91-0124-4014070 E: ciinr@cii.in • W: www.cii.in

Contacts

Contributors

Deloitte

Prashanth Kaddi

Partner, Consulting Deloitte Touche Tohmatsu India LLP. kaddip@deloitte.com

Saurabh Kumar

Partner, Consulting Deloitte Touche Tohmatsu India LLP. sakumar@deloitte.com

Confederation of Indian Industry

Deepak Sidha

Deputy Director deepak.sidha@cii.in

Vishesh Tewari

Deloitte Touche Tohmatsu India LLP.

Ashish Dhuwan

Deloitte Touche Tohmatsu India LLP.

No part of this publication may be reproduced, stored in, or introduced into a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise), in part or full in any manner whatsoever, or translated into any language, without the prior written permission of the copyright owner. CII has made every effort to ensure the accuracy of the information and material presented in this document. Nonetheless, all information, estimates and opinions contained in this publication are subject to change without notice, and do not constitute professional advice in any manner. Neither CII nor any of its office bearers or analysts or employees accept or assume any responsibility or liability in respect of the information provided herein. However, any discrepancy, error, etc. found in this publication may please be brought to the notice of CII for appropriate correction.

Published by Confederation of Indian Industry (CII).

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see www.deloitte.com/about for a more detailed description of DTTL and its member firms.

This material is prepared by Deloitte Touche Tohmatsu India LLP (DTTILLP). This material (including any information contained in it) is intended to provide general information on a particular subject(s) and is not an exhaustive treatment of such subject(s) or a substitute to obtaining professional services or advice. This material may contain information sourced from publicly available information or other third party sources. DTTILLP does not independently verify any such sources and is not responsible for any loss whatsoever caused due to reliance placed on information sourced from such sources. None of DTTILLP, Deloitte Touche Tohmatsu Limited, its member firms, or their related entities (collectively, the “Deloitte Network”) is, by means of this material, rendering any kind of investment, legal or other professional advice or services. You should seek specific advice of the relevant professional(s) for these kind of services. This material or information is not intended to be relied upon as the sole basis for any decision which may affect you or your business. Before making any decision or taking any action that might affect your personal finances or business, you should consult a qualified professional adviser.

No entity in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person or entity by reason of access to, use of or reliance on, this material. By using this material or any information contained in it, the user accepts this entire notice and terms of use.