Research firm International Data Corporation (IDC) has revealed predictions impacting the Artificial Intelligence (AI) investments for organizations in India for 2020 and beyond.
# Outcomes as a Service
By 2025, AI will be integral to every part of the business in India, resulting in 20 percent of the overall spend on AI solutions as “outcomes as a service” that drives innovation at scale and superior business value.
# Worker Augmentation
By 2024, 50 percent of enterprises in India will invest in employee retraining and development, including third-party services, to address new skill needs and ways of working resulting from AI adoption.
# Digital Trust
By 2024, top 100 organizations in India will have formal programs to monitor their “digital trustworthiness” as digital trust becomes a critical corporate asset.
# Intelligent Process Automation
By 2024, 50 percent of enterprises in India will embed intelligent automation into technology and process development, using AI-based software to discover operational and experiential insights to guide innovation.
# AI is the New UI
By 2024, AI in India will become the new user interface by redefining user experiences where over 20 percent of user touches will be augmented by computer vision, speech, natural language, and AR/VR.
By 2023, 10 percent of customer experience applications in India will be continuously hyper-personalized by combining a variety of data and newer reinforcement learning algorithms.
# AI Edge Applications
By 2025, 30 percent of computer vision and speech recognition models in India will run on the edge (including endpoints) and feature deep learning on convolutional and recurrent neural networks.
# Embedded AI
By 2025, at least 50 percent of new enterprise application releases in India will include embedded AI functionality, but truly disruptive AI-led applications will represent only about 5 percent of this total.
# AI Accelerated Chips
In 2023, technology buyer spending on semiconductors (GPUs, FPGAs, AI ASICs, and AI ASSPs) used specifically to accelerate AI training and inferencing will reach nearly $120 million in India.
# AI Edge Computing
By 2024, nearly 10 percent of servers that process AI workloads using AI-optimized processors and coprocessors in India will be deployed at the edge.
With the increasing availability of data, AI can be effective in multiple applications across various verticals including agriculture, transportation, finance, healthcare, retail and many more, says Swapnil Shende, senior market analyst for AI at IDC India.
Indian organizations are looking at leveraging AI driven by the need for automation to increase the productivity. As we deal with large set of unstructured data being created in the digital era, AI will be the backbone when it comes to extracting valuable insights, said Rishu Sharma, principal analyst, Cloud and Artificial Intelligence, IDC India.