siliconindia | | APRIL 20238ARTIFICIAL INTELLIGENCE'S FOOTHOLD IN TODAY'S INDUSTRIESAs we enter a digital phase, India is witnessing technological innovations across all industries. Realizing the wonders technology can do, companies are harnessing the power of artificial intelligence and machine learning in every way possible. Once a dream, today AI/ML has become an integral part of our lives. However, what has gained more importance over the last few years and is also the sole fuel for these AI/ML models is, `data'. To decipher the troves of value that data holds in today's dynamic market, the opportunities that AI/ML and data possess for digital India, and how the adoption of AI and data has changed over the years, Silicon India reached out to Rajsekhar Aikat. Rajsekhar Aikat is the Chief Technology & Product Officer at iMerit. Raj has over 18 years of technical & product experience across multiple verticals, including automotive, IoT, robotics & telecom. Rajsekhar joined iMerit from Qualcomm, where he was Senior Director of Product Management. Before Qualcomm, he was the Director of Product at Brain Corporation, where he was responsible for scaling BrainOSTM, an autonomous mobile robot platform & ecosystem, as well as overseeing the development and commercialization of commercial cleaning and delivery robots globally. Insights on AI & Big DataThe AI industry has matured significantly, not just in India but globally. The problem statement has moved from AI research and training neural networks and deploying and influencing that to a data problem. There are lots of analysts giving multiple different numbers; at least for India, the Mass communication data published by the industry will get about $7 billion by 2030. There are a couple of things happening with data. What we have yet to touch today is the tip of the iceberg. From a neural network perspective, it is perfect accuracy. However, from a part of human society, it is entirely unacceptable. But there are other different technology pieces. So, it provides a whole suite of tools for different use cases. In some places, accuracy is critical. Depending on that, we are leveraging the tools and AI analysis once. AI Scope in IndiaIndia is one of the top five leading markets, one from NASSCOM that granted you an SOE in India and was released a few months ago. India has primarily followed the previous path of incorporating AI into consumer items. In other words, a significant quantity of money has been invested. But it already has a multibillion-dollar industry. It will expand at a CAGR of 35 to 40 percent during the following five to ten years, even if it exceeds that by order of magnitude. If you saw AI, it's entering the large-scale law market where India has many humans today. So, if you go into consumer verticals, you quickly get hundreds of millions of consumers in their everyday lives. It is creating this vast data at scale. The Indian ecosystem is trying to cater to that. And that is maturing the AI industry in India much faster than the big hubs we IN FOCUS
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