Surely the Pandemic has caused havoc in the world. However, it has also made an evident statement that Emerging Technology is gradually becoming an inevitable part of our daily lives. According to a recent report by PwC, 94% of Indian organisations now perceive AI will help to create more opportunities than cause a serious threat to their industry. The country has observed over a 45% increase in AI adoption rates in 2020.
It was previously assumed that a country like India with diversities needs a considerable amount of time to embrace AI as a solution, but the pandemic has been an accelerator and proved this theory wrong.
We are being a part of a sector reconfiguration. Be it medical facilities, universities or start-ups, they are trying their best to keep up with the changing times and receive potential benefits through Artificial Intelligence. The report also analysed the growth of AI during the next two years in the Indian market and its states that the adoption of AI by companies for various applications like customer profiling, due diligence, quality checking, classification of documents, compliance monitoring, and others presents a great opportunity gaining a significant advantage.