The growing interest in artificial intelligence has certainly got a lot of people interested on the topic. Many are wondering what opportunities we may see involving AI in the future? Others are wondering who will stand to benefit. The question we ask today is, will India get anything out of this new, and exciting technological development?
How AI Impacts Industry
The first thing we must bring up is the impact that AI has had, and undoubtedly will have on different industries. For example, iGaming has greatly benefited from artificial intelligence. Some may be confused as to how online casinos in India might benefit from AI. The answer is very simple.
Online casino operators use AI to detect problem gambling, fraud, and even create curated games for fans who are interested in playing these games. So, we see how AI impacts certain industries. But, what opportunities does the new technology provide Indians?
Large Talent Pool
The first thing we have to note regarding AI is that it isn’t what many people imagine. We are quite far off from the self-propagating robots imagined by science fiction greats like Asimov or Clarke. Which means, engineers and programmers are still necessary for AI to work properly.
In India, there is an abundance of people who’ve done the work necessary to be considered programmers and engineers. These people have the expertise necessary to operate, program, and fix AI when it becomes necessary. So, India’s rather large talent pool of engineers may be one of the reasons why AI will result in some big wins for the country as a whole.
Government Initiatives
The growing incorporation of Artificial Intelligence in many industries may be a net positive. However, there are some challenges, as well as opportunities that we will have to deal with when it comes to AI. That is why, many governments are launching initiatives to deal with the problems and benefits.
India is no different. NITI Aayog is a National AI Strategy initiative, with the goal of regulating AI, in order to ensure that India is at the forefront of research and development when it comes to machine learning. There are also organizations like Digital India, which have much the same goal.
Global Outsourcing
For good or ill, India has a reputation as a global outsourcing hub. The development of AI will almost certainly lead to many jobs relating to AI being outsourced, and India is in a prime position to fill the role. Indian firms are ready to handle AI development and data processing, making them the perfect choice.
Not only that, but they are a cost-effective choice. The country offers fair, yet competitive prices for AI development services. It wouldn’t be surprising if these prices attracted developers, not just from the United States, but from all over the world, including Asia and Europe.
Conclusion
India is certainly in a great position to benefit from the development of Artificial Intelligence. The ecosystem is just right for Indian developers to swoop in and show off their skills, which will almost certainly attract funding from overseas.
