This article aims to identify the opportunities for India in an emerging technological revolution predicated on Artificial Intelligence and the potential for positive changes across different spheres of the nation’s social and economic life. India has been steadily building its tech ecosystem as part of a significant IT infrastructure along with a talented workforce that places it on the world map of AI.
Overall, the government’s active position, demonstrated, among others, by the National AI Strategy, speaks about its definite willingness to promote research, development and integration of AI solutions into society.
In healthcare, AI’s application in terms of diagnostics is ongoing, particularly in the field of remote/telemedicine, which in underserved rural regions can provide timely and accurate healthcare. Technological advances in the field of artificial intelligence help doctors identify ailments at an early stage and prescribe optimal treatment regimens for their patients; thus, AI helps improve healthcare conditions across the country.
Marketing and sales benefit from managing key operational metrics with the help of AI, while agriculture gets more effective upon the introduction of predictive analytics. Businessmen simply take advantage of the weather data, the quality of the soil, and the condition of crops for them to efficiently allocate resources for production.
This is important in regards to food security because it monitors and controls the right ways to farm and redresses the damage of climate change.
Applying AI in Financial technologies to unlock banking and insurance services for the people of India. Through the application of AI algorithms, credit assessment is done quickly and efficiently, financial advice .
