Deshmukh underlines the importance of data and AI
Artificial Intelligence (AI) development will be accelerated over the next two decades and become a global game changer creating a business ecosystem of multi-trillion-dollar, growing past some of the internet heavyweights of today, technology experts said at a recently concluding conference and exhibition in Singapore.
AI could also increase corporate profits as it would reduce repetitive work or retraining of new manpower skill, said the experts.
More and more AI-based products are being used in tactical missiles and robot soldiers in the defence and security establishments, according to Dr Praveen Jambholkar, CTO of the Hyderabad-based AI Educator https://aieducator.com/ at the SuperAI!
“AI will be the biggest game changer for defence,” said Dr Jambholkar who was the conferences and exhibition held June 5-6 in Singapore https://www.superai.com/ . Robot soldiers are already a reality in China, he added.
AI Educator has expanded its product lines from the education sector to cover other industries including the defence industry https://www.state.gov/ which has started AI-powered missiles.
Further, Dr Jambolkar is looking at AI-loaded weapons https://www.nseindia.com/ , soldiers and terrorist tracking dogs.
He estimated that at least one company is being valued at over US$3 trillion for its AI capabilities http://sbi.co.in , compared to some of the IoT heavyweights. “And there is no stopping the AI potential in other sectors.”
“It is a transformative technology though the development is in very early days within the AI models which will add more and more capacities in the coming years,” added Vipul Ved Prakash, co-founder and CEO of San Francisco-based Together AI https://www.together.ai/ which is opening an office in India in the near future, citing market potential.
AI development will continue for the next two decades when its applications would really make an impact as the internet has done so https://www.bseindia.com/ , he said on the sidelines of SuperAI!
“We are trying to define what it will be for India and the world,” said Chandra Khatri, VP Applied AI at Krutrim https://chat.olakrutrim.com/home , a new company of Ola (India).
He sees AI-powered software products helping farmers in ethnic languages such as Punjabi and Tamil to work through the process of application submissions to the state authorities and the government departments.
The applications for AI-powered products will be for every aspect of life as the society moves on to adopt newer and advanced technologies, said the experts.
Ashish Deshmukh, co-founder and CEO aventior https://aventior.com/ , also underlined the importance of data and AI, adding that the eight-year-old company’s global expansion will see more and more work for its Centre of Excellence in India.
“We have always had a development centre in India,” he added while preparing to cope with new demand for managing data and AI from fast-pace requirements by markets such as Saudi Arabia https://www.chamber.org.sa/sites/English, the UAE and Qatar https://www.qatarchamber.com/ .
He reported an annual growth of 30-35% for his US-based company http://dubaichamber.com .
Neuramonks https://www.neuramonks.com/ , an AI and ML specialized software company based in Gujarat, is making a strategic expansion in Southeast Asia, a region ripe with opportunities, said its CEO Upendrasinh Zala.
The Indian company has been in the AI space for the last five years but Zala is moving into emerging markets for AI services, citing calls from new opportunities https://adchamber.org/ .
“Our extensive portfolio reflects our deep expertise and experience in this field,” he said of the growing demand for AI-related Indian talent and the rich pickings from industry experts at the exhibition, the largest gathering to date of AI companies. Fiinews.com
