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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