Saturday, July 14, 2018

Artificial Intelligence Has Potential To Add US $1 Trillion to Indian Economy by 2035: Vijay Thadani of NIIT Ltd

Vijay K Thadani, Vice Chairman & Managing Director of NIIT Limited said, "Artificial Intelligence (AI) has the potential to add $1 Trillion to the Indian Economy by 2035.

Speaking at the inauguration of Confederation of Indian Industry [CII] 14th India Innovation Summit he said, "AI has been compared to electricity and the disruption it brought 100 years ago. Its application is limited only to your imagination." he said.

AI will help automate administration tasks in learning and development such as calendar scheduling and notifications (L&D). This will also help the L&D professional to focus on more value-adding tasks of a strategic nature thereby increasing learner engagement, Thadani adds.

He concludes saying that AI is also likely to play a significant role for people who will ensure that AI-systems operate as they do. Tasks in this category might include setting limits for AI-systems of flagging errors in machine judgment.

CII held its annual flagship event - Fourteenth India Innovation Summit 2018 - from July 12 & 13, 2018 at Hotel Lalit Ashok, Bengaluru. The theme of the Fourteenth India Innovation Summit was “India.AI – Driving the future for the world”. It is also a platform to engage and drive the innovation led growth strategies from India for global markets.

Many leading CEO’s/CXO’s,  Functional Heads,  Evangelists, Technical Strategists Design thinkers, Academia/ Students took part in the two day event.

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