How India is Rapidly Adopting Generative AI on the Path to Global AI Leadership

India's ascent as an AI powerhouse is resonating across various sectors and geographies and is enabling the nation to lead a global AI revolution by 2047. Saurabh Kumar Sahu , Managing Director and Lead – India Business, Accenture spoke about India’s rapid adoption of AI, helping it evolve into the AI cradle of the world, at Business Today’s recent India@100 event in Delhi.

He laid stress on how India is one of the fastest adopters of generative AI in the world, with its benefits felt across multiple industries. To claim a leadership position, the country not only needs to be a thought leader, steering AI development and its ethical implementation — but also go beyond its technology supplier status and increase its AI consumption across various sectors. Saurabh further pointed out that in the next 2 decades, India is well-positioned to integrate AI into numerous applications, thereby strengthening its leadership position, fostering digital literacy and workforce skilling as well as preparing for more nuanced innovations.?

To attain maturity and prepare India for the global AI revolution, the entire ecosystem of government, private enterprises, partners, associations and academia must come together. Saurabh also noted how generative AI will play a significant part in creating new roles that will redefine careers and the talent industry in India by 2047. He drew the audience’s attention toward the evolution of responsible AI with its ethical implementation and tangible benefits. Watch Session | Read More | Discuss

NEWS & VIEWS

• Responsible Generative AI to Augment India’s Economic Value by 2038: Accenture Report

According to Asia Pacific insights from the Accenture report on Work, Workforce, Workers – scaled and responsible adoption of generative AI could lead to a 0.6 percentage point increase in GDP growth per year and $675 billion in economic value for India by 2038. The CXO survey which was conducted for Asia Pacific’s largest economies mentions 31 percent of working hours in India will either be automated or augmented by generative?AI in the next 14 years. Adding perspective, Saurabh Kumar Sahu, Managing Director and Lead – India Business, Accenture said that to unlock the real value of generative AI, businesses need to have a bold vision for reinvention coupled with a strong digital core and people-centric approach. Read More: Business Standard | ET Telecom | Businessworld

• How Generative AI can Power GCCs to Help Consumer-facing Industries Reinvent

Prominent industries—like consumer goods and services and retail (CGSR)—must reinvent their entire value chains to capitalize on generative AI 's potential. Global Capability Centers (GCCs) in India, which serve as strategic hubs of innovation and operational excellence for multinational corporations, are uniquely positioned to drive this transformation. Pranav Arora , Managing Director and Lead – Consumer Goods and Services, Applied Intelligence, Accenture in India, shared key insights from an authored article (in collaboration with Nasscom) on Generative AI and its Impact on CGSR GCCs at Nasscom’s AI Confluence in Bangalore recently. The article— authored by Pranav along with Dr. Milind Desai , Associate Director – Strategy & Consulting Accenture in India—leverages proven use cases, client examples and local context to bring alive how Accenture helps industries and GCCs reinvent with the power of generative AI. Read Article | Discuss

• Digital Core for Business Reinvention: A “Non-negotiable”

In a world of constant flux, businesses need a ‘digital core’ – the right mix of cloud infrastructure, data, generative AI, AI best practices, digital applications, platforms, next-generation experiences, optimized operations, etc. – to get the best out of disrupting technologies like generative AI and stay ahead of competition. Accenture’s latest report on Reinventing with a Digital Core states that to accelerate growth through change, enterprises must build?an industry-leading digital core, boost?investments in innovation and balance?technical debt. According to the research, in doing so, companies can attain a 60% higher revenue growth rate and 40% higher profitability. In fact, digital core that is “reinvention-ready” is a non-negotiable today. Read More

• Human + Machine: Reimagining Work in the Age of AI

AI—including generative AI—is radically transforming businesses. In an updated and expanded edition of?Human + Machine—including a new chapter on generative AI—Accenture Technology leaders Paul Daugherty and H. James Wilson show that the essence of the AI paradigm shift is the transformation of all business processes within an organization, whether related to breakthrough innovation, everyday customer service, or personal productivity habits. As humans and smart machines collaborate ever more closely, work processes become more fluid and adaptive, enabling companies to change them on the fly—or completely reimagine them. Read More | Pre-order | Discuss

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