Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Artificial Intelligence is Reshaping the Indian Industry Landscape, and Business Leaders Look to Capitalize on Strategic and Economic Benefits of AI Applications
save 25 %
* Required Fields
Pay by invoice
Artificial Intelligence (AI) allows computer and computer-enabled systems to transcend beyond traditional computing and provides a layer of intelligence through algorithms that enable machines to complete tasks and produce results that are analogous to human-like thought processes, decision making and problem solving. The democratization of data brought about by the digital revolution has led to increasing adoption of AI-related technologies, which help business processes shift from a traditional data-centric IT to a more evolved information-centric IT process. The combination of superior hardware, cloud-based computing, and the proliferation of Big Data technology has spurred considerable development in the performance of machine learning - one of the pillars of AI that enables machines to learn from their own experience rather than from human intervention. By leveraging the advanced insight-generation and knowledge engineering capabilities of AI, businesses have the power to make informed decisions based on logical reasoning. The last decade has seen the growth of AI from a technological luxury providing static intelligence to a strategic necessity delivering incremental intelligence through revenue generation. The Indian market offers tremendous scope for technology-assisted solutions, and in recent years, it has been an active enabler for adopting analytics and AI-based solutions. The push from the government to utilize technological advancements to reduce financial losses and increase output efficiency has also been a key driver for the adoption of AI applications in India. While there is considerable traction in the adoption of advanced technology, the Indian market has its own challenges as compared to other developed nations. As a result, service offerings in the AI market are subjected to challenges such as reluctance to invest, lack of trust owing to data privacy concerns, and security issues. There has been an exponential increase in the number of AI-based start-up companies in the last five years, which are focused on delivering solutions that cater to industry-specific requirements and generate reliable, revenue-generating insights.
The study provides an overview of the AI market in India, driving factors and challenges for AI adoption, popular AI applications that have found increasing adoption in the market, and case studies demonstrating success of AI adoption and also explores some of the key industry verticals that have either already infused or are looking to incorporate AI into their business processes along with guidance on areas of opportunity for organizations in the AI space. The study also aims to inform AI services about the potential growth opportunities for AI offerings and possible strategies to increase their footprint in the Indian market.
Author: Rakesh Thayyil
Latin America in the Post-pandemic World
IoT Start-Up Tracker: Smart Home
North American Mobile Trackers, Q2 2021
Customer Perspectives on Contact Center Trends Amidst the COVID-19 Pandemic
COVID-19 Pandemic Accelerates Managed Cloud Services Adoption
GROWTH OPPORTUNITIES IN CLOUD-, AUTHENTICATION-, AND AI-BASED SECURITY INNOVATIONS
Rising Demand for Digital Technologies Accelerates Asia-Pacific Business Process Management (BPM) Services Market Growth
US SD-WAN End User Survey Analysis, 2021
Global Retail Artificial Intelligence (AI) Growth Opportunities
Navigating Digital Transformation Through COVID-19 and Beyond, Asia-Pacific
smart wearables market
residential energy storage market
cardiovascular devices market
3d printer market share
aerospace industry outlook
biometric authentication market
wearable electronics market
agricultural drones market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.