Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Beyond the Hype: How India Can Be an AI Powerhouse

The New Indian Express Shivamogga

|

January 02, 2025

Though Indian tech companies are investing heavily in AI, most of them are yet to move to the production stage. Robust data governance and partnerships can transform the industry

- RAJESH NAMBIAR

It's been two years since the term 'generative AI' started gaining widespread attention. Although it wasn't new—it appeared on Gartner's 'hype cycle' as early as 2020—by the end of summer 2022, excitement was mounting around genAI tools capable of generating text, images, and computer code.

The estimated $1 trillion investment in generative AI has yet to deliver widespread returns. As with every tech revolution, the hype will fade and real work will begin. This is where India's tech industry stands today—at the crossroads of immense opportunity and significant challenges.

In 2013, the MD Anderson Cancer Center at the University of Texas launched a moonshot project to use IBM's AI-powered Watson system to diagnose certain cancers. By 2017, the $62 million project was paused without being used on patients. Meanwhile, the center's IT team explored smaller-scale cognitive tools for tasks like assisting patients' families, identifying financial aid needs, etc. These efforts proved far more successful. The stark contrast between these two approaches offers valuable insights for anyone planning AI initiatives.

The Indian market is still in its early stages. There has been a 50 percent decline in Indian genAI startup funding in the first half of 2024, compared to that of 2023. While there has been a seven-fold increase in activity by the Indian industry, over half are focused on new product launches.

Most Indian organizations are progressing towards mid-level AI/genAI maturity, with defined strategies and initial use cases aimed at scaling. While 75 percent of the 500 companies surveyed by Nasscom have AI strategies at the proof-of-concept (PoC) stage, only 40 percent demonstrate significant progress in moving to production. Collaborative efforts are driving advancements in telecom, enterprise tools, and retail applications. There is growing emphasis on domain-specific fine-tuning and development of custom, small language models.

FLERE HISTORIER FRA The New Indian Express Shivamogga

The New Indian Express Shivamogga

Vokkaliga seers want caste survey deferred

EVEN as Chief Minister Siddaramaiah stuck to his guns of conducting the Socioeconomic and Educational Survey, known as caste survey, from Monday, the Vokkaliga community leadership, including Adichunchanagiri Mutt head Sri Nirmalanandanatha Swamiji and Union Minister HD Kumaraswamy, here on Saturday issued a warning to the government, saying the survey is being

time to read

1 min

September 21, 2025

The New Indian Express Shivamogga

State forms SIT to probe Aland ‘voter deletions’

THE state government on Saturday formed a Special Investigation Team (SIT) to probe the alleged attempt to delete 6,018 names from the voters' list in the Aland constituency of Kalaburagi district, ahead of the 2023 Assembly elections.

time to read

1 min

September 21, 2025

The New Indian Express Shivamogga

CM takes GBA engineers to task, sets Oct 31 deadline to fill potholes

ENRAGED over negative media reports highlighting the poor condition of roads, inconvenience to motorists and pedestrians, and protest by residents against the government, Chief Minister Siddaramaiah on Saturday warned engineers coming under Greater Bengaluru Authority (GBA) limits and set October 31 as deadline to make Bengaluru pothole-free.

time to read

1 min

September 21, 2025

The New Indian Express Shivamogga

Sports can no longer be a tool of diplomacy?

OVER the last few months, there has been a growing clamour for the Indian cricket team to refuse to play Pakistan and it grew before their first match in Asia Cup group stage.

time to read

1 min

September 21, 2025

The New Indian Express Shivamogga

2.8L Indian jobs on the line as Trump slaps $1L H-1B fee

THE Trump administration on Saturday imposed a fee of $1,00,000 per year on each H-1B visa holder, dealing a body blow to the 2,83,397 (71%) skilled technology workers from India, as per 2024 data. At 71%, India was the largest beneficiary of H-1B last year, while China was a distant second at 12%.

time to read

2 mins

September 21, 2025

The New Indian Express Shivamogga

India weighs Pak-Saudi def pact

NATO-STYLE AGREEMENT TO TREAT ATTACK ON ONE COUNTRY AS ATTACK ON BOTH

time to read

1 mins

September 19, 2025

The New Indian Express Shivamogga

Fresh Rahul-CEC sparring on 'vote theft' in Karnataka

IN yet another exposé on ‘vote theft’, Congress leader Rahul Gandhi on Thursday claimed large-scale irregularities in Karnataka’s Aland constituency, accusing Chief Election Commissioner (CEC) Gyanesh Kumar of 'protecting those murdering democracy'.

time to read

1 mins

September 19, 2025

The New Indian Express Shivamogga

HINDENBURG ROW Sebi gives clean chit to Adani

MARKETS watchdog Sebi on Thursday dismissed all charges levelled by the now-shuttered US-based short-seller Hindenburg Research against the Adani group, its founder Gautam Adani, his brother, and a few top executives including group CFO Jugeshinder Singh.

time to read

1 min

September 19, 2025

The New Indian Express Shivamogga

Pakistan threatens to pull out of Asia Cup if match referee not removed

A day after India refused to shake hands with Pakistan after recording a comprehensive win in the Asia Cup match, the issue snowballed into a major controversy.

time to read

1 mins

September 16, 2025

The New Indian Express Shivamogga

Guy returns amendment bill on lakes

IN a setback to the state government, Governor Thaawarchand Gehlot has returned the Karnataka Tank Conservation and Development Authority (Amendment) Bill, 2025, objecting to the government’s proposal to reduce the buffer zone around lakes from the existing 30 metre to between 3 and 24 metre, depending on the lake’s size.

time to read

1 min

September 16, 2025

Listen

Translate

Share

-
+

Change font size