Human intelligence & AI converge
2023-10-26![Human intelligence & AI converge Human intelligence & AI converge](https://varindia.com/public/index.php/storage/news/uploads/2018/02/653a3b2a05aac.jpg)
AI-powered automation solutions has paved the way for a collaborative future, where human intelligence and AI, converge to reshape work, creating an inseparable bond between efficiency and innovation.
The Indian AI market is slated to grow at the fastest CAGR over 2022-2029. The major factors leading to the growth of the Indian AI market is the increasing amount of data generated by businesses and the growing need to extract insights from this data. There is an increasing demand for AI-powered applications and services across industries especially in banking & finance, healthcare, and manufacturing.
The growth of the Indian AI market rests upon the adoption of AI applications that reduce manual workload and help improve critical business processes. Companies are already adopting data-based AI solutions to optimize processes, gain insights and enhance decision-making processes.
AI's impact on efficiency is undeniable. By automating mundane, time-consuming tasks, AI is streamlining workflows and reducing operational costs. AI-powered chatbots, for instance, are handling customer inquiries, freeing up human representatives to focus on more complex issues.
However, there are privacy and security concerns surrounding AI that pose one of the major hurdles to its adoption. To harness the potential of AI, we must ensure the tech is trustworthy and transparent. That’s why AI should encompasses three essential pillars: openness, flexibility, and enterprise readiness.
Having said that, AI is now ubiquitous, and every enterprise needs to use AI at the heart of its technology stack to meet the ever-evolving customer expectations. The emergence of AI-based start-ups in India looks promising as they go on to create an ecosystem that proliferates the importance and benefits of leveraging AI.
It creates a foundation that allows you to put great ideas into practice faster while giving the freedom to be more creative and discover smarter and more innovative ways of doing things. So, eventually, these AI-based start-ups will change the way business is done.
Moreover, businesses need to understand that AI and automation are no longer mere “nice to have” capabilities. These are imperative to enable companies to realize their digital transformation goals and compete effectively. To succeed with intelligent automation at scale, customers will need solutions that are simple to deploy.
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