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View: India's AI program can be greater than the sum of its parts, and propel economic growth
Synopsis
Execution will be the key imperative for success. What is needed is an India AI playbook that can help GoI not just build deployment plans but also figure out how to scale them for maximum impact. Such a playbook requires strategy, data, talent, technology, policy framework, execution and the right culture to come together.
by Debjani GhoshAccording to the August 2020 National Association of Software and Service Companies (Nasscom)-McKinsey report, ‘Unlocking Value From Data and AI: The India Opportunity’, artificial intelligence (AI) deployments, if done right, could add about `500 billion to India’s GDP in the next five years. Nearly 45% of this value is expected to be driven by the consumer and retail, agriculture, and banking and insurance sectors.Execution
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