- Shashank Jaiswal | July 27,2018 | Data Scientist
Artificial Intelligence is heralded as the next messiah for the world, and rightly so. And developing economies such as India are getting on the bandwagon with gusto.
Earlier this April, I had the chance to attend the Data Science Summit 2018 held in Bangalore. Here, I learned about various up and coming technologies from the movers and shakers in the field of data sciences. One of the talks that really hooked me was about how Artificial Intelligence (AI) is taking over the world with its charming concepts and its possible future capabilities of transforming the world and the way we live right now completely.
Globally, AI and analytics had made their entry a long time ago. Remember the old classic version of Counter Strike? Let’s take a second to thank AI for that. Many large scale companies have been taking advantages of analytics for decades now. Although it started manually and then eventually shifted to automation and prediction, I like to think it had peaked when AI started influencing our way of analysis. Today it has a big grasp on many different fields, prominent and niche, such as weather forecasting, financial banking predictive investments and maximizing profits ergo controlling economics in various business sectors, and computer vision to name a few. It’s not possible to look at driverless cars and not be impressed by the whole thing.
On the home front as well, AI is slowly gaining prominence. In the past, India had always been at a big loss with the infrastructure, making it was hard to be a leader in fields like Robotics, arms and defense, automobiles, etc. But over time, India has become aware of the value add from adopting AI technology. What helped was that India has always been a pioneer service provider in the IT sector. And since the AI industry needs the same infrastructure as IT, all we need now is to focus on a long term view of developing a robust infrastructure to enable the sustainable adoption of AI.
Not only are our people more aware of this technology and businesses steadily adopting it, the Indian government has also started paying attention to AI and its practical uses in various fields for the country’s development. The government also realizes now that they possess the most crucial data necessary for increasing the country’s efficiency.
With overall economic growth and development in mind, the government is primarily focusing on the following areas:
While the government is doing its bit to keep the country on the growth path by utilizing the power of AI and available resources in the best possible ways, businesses are also adopting AI in their ways.
Many large enterprises across the globe with huge capital and manpower have already enlisted the powers of Analytics and AI in a number of areas bringing in the big bucks. Big Gamers have made use of amazing potential of analytics to boost up their business.
Retailers and e-tailers such as Walmart, Amazon, etc. constantly up the ante when it comes to influencing the buying habits of customers. Technology giants (Siri by Apple, Cortana by Microsoft, etc.) have created revolutionary products to ease our daily lives. Video content providers such as Netflix, Amazon, Hulu, etc. are making waves across the world and keeping us hooked through their sophisticated recommendation systems.
But the power of analytics has been a tough reach for MSMEs (Micro, Small and Medium Enterprises) so far. And this sector forms more than 90% of the economy, the very backbone of developing nations. A staggering number, right? There’s immense scope for contribution too.
And that is where we, at Clustr, can make a difference. We are constantly looking to solve the problems of the MSME and improve the economy in a number of ways.
Our strategic partnership with Tally, which has over 1 million customers, gives us a foot in the door of the MSME segment. We’re leveraging state-of-the-art technology stack and several proprietary algorithms to acquire, ingest, process, curate, and publish vast amounts of data that’s extremely diverse in nature. Our talented workforce comprises of geeky, agile, curious, learning-oriented minds who are passionate about solving real world problems.
If you’re looking to join us or learn more about us, write to us at firstname.lastname@example.org. Until then, watch this space for more interesting content in the realm of technology, big and small, and send us any questions or comments you may have.