SigmaWay Blog
The rise of analytics and artificial intelligence in India
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India devotes only 0.6% of the GDP to research and development and it is estimated that AI will increase global GDP by 14% by 2030. Of this trillions accrue to china and North America and only 957$ billion to India. The sector is dominated by American firms and around 70% of the AI research is carried out by non-Indian firms. The central government has increased the investment for digitalizing India. Also the ministry of commerce and industry has made a special taskforce on AI that encourages new policy development in these areas. AI is being used in the following areas:
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