01062023 Editorials, Indian AI Markets Globally:
- How does the world rate Indian AI
- What are our markets for AI
- How is the talent pool in AI
- Which country leads in AI
- What is the market size for AI globally
India has been experiencing significant growth in the AI sector in recent years. The Indian government has recognized the potential of artificial intelligence and has been actively promoting initiatives to support its development. This has led to the emergence of numerous AI startups and a growing market for AI products and services.
According to the Feb report by NASSCOM, “India has the second largest pool of highly-skilled AI, machine learning and big data talent after the US.” The report further adds that “India currently ranks first in terms of AI skill penetration and AI talent concentration and fifth in AI scientific publications.”
It may be noted nearly 16% of the world’s AI talent pool hails from this nation.
Analysts believe that with the stakeholders like the government, knowledge banks and the industry coming together on a common platform the country could foresee an explosive growth of professionals in data science and AI. And if everything happens as per predictions there could be a real boom for almost one million professionals in the coming year itself. Added AI could bring in really big numbers to the national economy by approximately USD 500 billion.
Several Indian companies have made notable contributions to the AI market, both domestically and globally. These companies offer a range of AI products and solutions in various sectors, including healthcare, finance, e-commerce, agriculture, and manufacturing. Many Indian AI products focus on solving local challenges and catering to the specific needs of the Indian market.
India is also home to some prominent research institutes and academic institutions that are actively involved in AI research and development. These institutions contribute to the growth of AI products by fostering innovation and providing skilled talent to the industry.
However, it’s worth noting that the AI market is highly competitive and dynamic. Success in this field requires not only innovative products but also effective marketing, scalability, and continuous adaptation to evolving technologies. Additionally, the COVID-19 pandemic has had a significant impact on the global economy and could have affected the AI market in various ways.
To get the most accurate and up-to-date information about the current state of the Indian AI market, it’s advisable to consult recent market reports, industry news, and local experts who specialize in this field.
Please like our pages: on Facebook & LinkedIn. #Way2World brings #StartUpNews from #StartUpResources about #StartUpFounders, #Co-Founders, #WomenEntrepreneurs, #WomenLeaders, #StartUpMentors, #StartUpInnovation #StartUpIncubators, #StartUpAccelerators and #StartUpListing. The #StartUpArticles, #StartUpReviews and #StartUpStories discuss #StartUpFunding, #IndianStart-Ups their #BusinessServices along with #StartUpName and #technologyimpactness With Inputs from the Internet – RajKishan
DISCLAIMER: The above news item is provided for informational purposes only and does not constitute professional advice, legal opinion, or endorsement by WAY2WORLD. The accuracy, completeness, or timeliness of the information contained in this news item cannot be guaranteed. WAY2WORLD or its affiliates shall not be held liable for any errors, omissions, or damages arising from the use of the information provided. Readers are advised to verify the information from multiple sources and seek professional advice before making decisions based on the content of this news item. The views and opinions expressed in this news item are those of the author(s) and do not necessarily reflect the views of the publisher or its affiliates. WAY2WORLD does not endorse or promote any specific product, service, or organization mentioned in this news item unless otherwise stated. Readers are encouraged to use their discretion and judgment when interpreting and applying the information provided in this news item.