India is a fast growing economy and Indian government has set a target of taking the country’s economy to five trillion dollars.
Artificial Intelligence alone can give solid boost to our economy and can give India an opportunity to become a 15 trillion dollars i.e. 15 lakh crores economy. In times to come AI- based micro transactions and personalized services are going to be promoted.
AI-based services in the supply chain
There is a great need for AI-based services in the supply chain which will give strength to the AI
economy in India. Due to this, despite hesitation some companies have started promoting innovation to
take AI data-based decisions to increase productivity. Big companies are also using AI to understand
consumer behaviour.
AI will spread from supply chain to vendor management
According to some reports in the coming days AI will spread from supply chain to vendor management.
Currently, companies deal with a large number of clients and consumers on the basis of a large data
pool. A large infrastructure is created for this, which carries out this work with the help of trained
employees. Doing this in the coming days will not be considered wise. AI will do this work easily and
pave the way for new and more profitable business models. Many business leaders of India have still not
understood the amazing potential of AI bot sooner it will going to revolutionize the overall production
system.
AI tools can increase productivity
Instead of blindly trusting this technology the companies should use AI tools only to increase the
productivity. This will gradually change people’s perspective about the positive outcome of AI. Most of
the big companies in India have started using AI. In the coming days, no sector will going to remain
untouched by it.
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