Business Standard Algo Rhythm: AI-as-a-Service can lead to wider adoption of AI
Artificial intelligence (AI) could contribute 10% of India’s GDP by 2025, or by up to $500 billion. Sangeeta Gupta, Nasscom’s senior VP and chief strategy officer, says India can ensure AI for all through AIaaS (AI-as-a-Service) — easy to implement cost-effective solutions. “India is already seen as an emerging destination for data annotation and labelling services globally. The critical building blocks are in place to propel India into one of the leading global hubs for data and AI services.” AI to add $500bn to India’s GDP by 2025
AIaaS vista has about 100 players (software & service providers, network players, niche AI & analytics players) Tech ecosystem is AI’s largest adopter Vibrant SMEs can drive AI adoption AI market is led by IT sector, followed by BFSI, retail, and manufacturing
India’s AIaaS market set to lead the world
Government role in AIaaS spread is key, as end-user & ecosystem enabler Government-sponsored and industry-academia R&D partnerships are key to local innovation IT service players have a role in collaborating with deep-tech startups India’s AIaaS market comprises global systems integrators and Indian MNCs, specialised AI and analytics service providers, global hardware and networking giants
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