India stands to gain a whopping $3.14 trillion by 2030 by the adoption of Artificial Intelligence (AI)
AI technology is benefiting all the sectors today medical, health care, financial services, Banking, Supply chain, Manufacturing, Education, Governance, Agriculture, Food, Entertainment, Gaming and more…
Talking about food online business in the past two years, Swiggy, the Naspers, DST Global and Bessemer Ventures-funded restaurant aggregator, has been on a tear. The number of interactions on its platform since October 2017 has gone from 2 billion (across consumers, riders and restaurants) to 40 billion in January 2019. In that time, Swiggy has gone from a business working with 12,000 restaurants to over 55,000; from seven cities to 70; from delivery staff of 15,000 to 120,000. The Bengaluru-based venture has become far more valuable, too — from $700 million in February 2018 to $3.3 billion by the end of the year. This dizzying growth has meant that Swiggy, a firm founded as recently as 2014, has to look beyond human intervention to keep pace.
Swiggy is leaning on technology, specifically artificial intelligence (AI), to help its systems keep pace with this rapid growth. “AI is critical for us to sustain our growth,” says Dale Vaz, who heads engineering and data science at swiggy.
India is a vast country and primary healthcare facilities have not sufficiently reached all nooks and corners of it. With lagging infrastructure and less number of doctors per 1000 citizens, it is challenging to the government to promise good quality healthcare to its citizens. Artificial Intelligence is expected to aid India to a great extent in providing better healthcare in future. With effective use of data and algorithms, AI can help in detecting fatal diseases such as cancer ensure preventive treatment instead of reactive care. The government will work towards addressing challenges such as accessibility and affordability with the aid of AI.
Our lives will soon be driven by AI, be it for healthcare, education civic issues, governance, transportation, law enforcement, justice system and agriculture. Primarily AI will impact the lives of masses. The strongest rationale for AI innovation as a legitimate objective of public policy is its concrete impact on betterment of people’s lives by helping solve some of the nation’s biggest challenges with the potential to emerge as a transformative technology.