Lakhs of Crores: The AI Boom.!
Artificial Intelligence (AI) has rapidly expanded its influence across various sectors, becoming a ubiquitous presence in contemporary technology. Beyond the technological aspects, the financial implications of AI are immense, projecting a market worth lakhs of crores in the coming years. Companies investing heavily in AI technology are poised to reap substantial returns, entering a market that is estimated to reach 17 billion dollars by 2027.
Notably, indian IT companies are directing significant funds towards wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital content, data analytics, and supply chain sectors. Some organizations are not merely utilizing AI but are also transforming their service delivery methods. In india, the number of AI experts stands at 4.2 lakhs, with this figure steadily increasing each year. Projections indicate that certain organizations will allocate over Rs. 8300 crores in AI-related initiatives over the next three years.
Despite being one of the top five countries in terms of AI experts, india boasts three times more talent with AI skills internationally. Over the last seven years, the number of AI experts has surged by 14 times. The country anticipates a 15 percent growth rate in the number of AI experts, data-aligning with the escalating investments in this transformative technology.
Notably, indian IT companies are directing significant funds towards wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital content, data analytics, and supply chain sectors. Some organizations are not merely utilizing AI but are also transforming their service delivery methods. In india, the number of AI experts stands at 4.2 lakhs, with this figure steadily increasing each year. Projections indicate that certain organizations will allocate over Rs. 8300 crores in AI-related initiatives over the next three years.
Despite being one of the top five countries in terms of AI experts, india boasts three times more talent with AI skills internationally. Over the last seven years, the number of AI experts has surged by 14 times. The country anticipates a 15 percent growth rate in the number of AI experts, data-aligning with the escalating investments in this transformative technology.