THE RISE OF THE AI ECONOMY

The pandemic has taught India understanding the potential of technologies such as artificial intelligence (AI) and machine learning (ML)

AI/ML models and algorithms have supplemented the work of healthcare professionals, medical researchers, public health authorities and local administrations in monitoring and predicting trends.

Lockdowns have led to a boom in Internet consumption. According to the Department of Telecommunications, Internet consumption in India rose by 13% after the lockdown was announced.

Higher consumption has generated goldmines of user data that online businesses can harness.

NITI Aayog’s national strategy for AI envisages ‘AI for all’ for inclusive growth, and identifies healthcare, agriculture, education, smart cities and infrastructure.