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AI & its Applications are the Key Generators of Productive Future

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AI & its Applications are the Key Generators of Productive Future
What is the difference between recognizing something using the data & creating something by knowing the data? Any guesses? This is what normal AI & generative AI is all about! As we all know, the impact of Artificial Intelligence in personal and professional life. Without technology and AI, our lives would have been hopeless without any innovation and intervention. Today, almost every industry leverages AI & its applications for discovering gamut of products and services. Imagine the Creation after amalgamating both traditional AI & Generative AI, the Creation will be mind boggling. Until a few days ago, we all cherished AI in analyses & reviews as well as extracting data but now we can use the same data to create more effective and efficient outcomes. With generative AI everything seems to be more productive and trendy! It can help you in generating various potential results in frequent of seconds.

According to a report, “AI expenditure has been grown steadily since 2011, and it is projected to contribute significantly to the economy by 2035. AI start-ups in India have seen high growth since 2011, and 88 percent of companies surveyed are planning to invest in AI-related technologies. Most recently, India placed sixth in terms of AI investments between 2013-2022 totaling $7.73 billion over the last ten years with about 40 percent of that received in 2022”. As there is more scope for looking at one particular concept in a different way, this is leading to the increase of more startups and new creative concepts.

Many technology leaders are predicting that AI and it’s advanced applications like generative AI can not only discover new things in fact it will help us immensely in re-discovering everything in our lives. From restructuring business aspects to multiplying job opportunities, Generative AI is a knight in shining armor, where it will not only identify errors in fact it will help in evaluating which option is the best among various possibilities to rectify those errors. Now, the most important thing here is, when everything is digitalized then why can’t all become tech savvy to yield better benefits. Government initiative such as ‘make AI for India’ and ‘make AI work for India’ is to transform how we see the world and how well we leverage these high-end technologies. It is important to utilize these applications to re-examine every aspect and envision a better future.

Therefore, AI and its applications like generative AI are here to reshape our lives and improve our economy. This is possible only when we think wisely and make better decisions to yield full advantage of new technologies. It is not about excluding or firing the employees from their posts and replaces them with technology it is all about how creatively you use human resource to visualize and reinvent something unique and productive with the help of technology. So, right amount of investment, time, research, and analyzes is demand of the hour.