State of Artificial Intelligence Development in India | Bhupesh Daheria | Aegis School of Data Science

Are Indian Markets matured enough to leverage AI as it is in other markets ?

Bhupesh Daheria, CEO, Aegis School of Data Science in an exclusive interaction with CXO TV throws light on the State of AI in India along with how Lending is shaping a new era of business with transformation.

Are Indian Markets matured enough to leverage AI as it is in other markets ?

India is among Top 3 markets as far as AI is concerned wherein number one is North America, Second is China and third is India. India has always been an early adopter of technology. Today, by and large India is No. 1 player as far as producing the number of skilled people in data science, AI , machine learning because we have large population of students who understand the mathematics and coding as these are the two important foundations for really growing into data science and perhaps in AI. Organisations are heavily investing on AI, they are using AI, chat bots like profile matching in HR etc though HR was considered as the late adopter as far as technology is concerned so this is really exciting to see. So India is not behind developed markets.

How Transforming Lending Shaping a New Era of Business ?

OLA, UBER & OYO are the examples of transforming lending. Neither Oyo own any hotel not UBER owns any cab still they have become largest aggregators. They are able to do this because of disruptive technologies. E- Commerce was there for long but in e-commerce the way personalization has happened because of the recommended system has led to growth. These recommended system and all these e- commerce companies roughly constitute almost one – third of the revenue. So, this AI wave is leading to the new kind of businesses which are emerging. Everyday hundred and thousands of the companies are being registered and start-up companies are coming and disrupting India coming up with new business models.

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