India's Tech Services Industry: Harnessing Generative AI
- According to a McKinsey study, generative AI is estimated to generate an annual economic value of US$2.6 trillion to US$4.4 trillion worldwide.
- Promoting AI requires strong infrastructure, efficient algorithms, and a clear understanding of market requirements.
- Potential areas of opportunity for the industry related to Artificial Intelligence include expansion in addressable markets, delivery excellence, sales excellence and productivity gains.
- 'National Program on Artificial Intelligence' is a major initiative of the Government of India, which aims to build a domestic Artificial Intelligence ecosystem.
- Under this initiative, emphasis is being laid on four measures namely- National Data Management Office, National Centre on ....
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