Technology is evolving and AI is the new buzzword. According to a study conducted in 2022, about 57% of companies in India had already incorporated AI into their business operations, and 27% of others were exploring the possibility of the same. While giant corporations showed greater interest in AI adoption, smaller organizations are expected to catch up soon. 

AI can be accounted for by the drastic changes in the tech sector, wherein it has contributed significantly to improved productivity and efficiency through process simplification and automation. It won’t be an exaggeration to say that AI will form the fundamental basis of Industry 4.0. In fact, it is estimated that AI will potentially maximize productivity by over 30% in the next 15 years to come. And, businesses that leverage AI will reap the benefits.

AI(Artificial Intelligence) is an umbrella term that encompasses a broad range of technologies such as Machine Learning(ML), Natural Language Processing(NLP), Natural Language Generation(NLG), Deep Learning(DL), and Robotics. These technologies have the potential to revolutionize different businesses across various industries.

AI is booming.  What impact will it have on your business?