AI: Applications and Challenges
Significance
- Boost Growth: According to certain estimations published by NITI Aayog, AI has the potential to grow India's economy by about $1 trillion and 1.3 percentage points annually by 2035. AI has the potential to enable intelligent automation, or the capacity to automate complicated processes in the physical world, which has the potential to overcome the physical constraints of capital and labour and drive growth.
- Manufacturing: AI may aid in more accurate scheduling, flexible and responsive supply chains, quality assurance, and more. It can enhance capital efficiency and supplement human abilities by allowing people to concentrate on the most valuable ....
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