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The technology industry in India is in a truly exciting phase right now, unlike any other country at any other point in time. For more than two decades, India’s technology services industry was at the forefront of driving the technology-enabled transformation of businesses across the world. According to the market research report, India digital transformation market is expected to reach $710.0 billion by 2024.


Understanding the importance of Emerging Technologies in next phase of Digital Transformation of the country, FICCI has taken a new initiative and formed a new committee as “Artificial Intelligence and Digital Transformation”.


The technology industry in India is in a truly exciting phase right now, unlike any other country at any other point in time. For more than two decades, India’s technology services industry was at the forefront of driving the technology-enabled transformation of businesses across the world. But now with great initiatives like Digital India combined with Emerging Technologies, India is not only transforming digitally but leading the global digital space as well. According to the market research report, India digital transformation market is expected to reach $710.0 billion by 2024, registering a CAGR of 74.7%, during the forecast period. The growth in the market can be attributed to increasing adoption of emerging technologies and surging on Industry 4.0 in the country.

Indian businesses as well as the government has been witnessing multiple use cases of AI in recent years, with digital assistants, cab aggregators, targeted advertisements, biometric recognition and online recommendation engines being the most common applications. Organizations have started realizing the efficiencies and growth opportunities of digital transformation solutions. Similarly, government bodies are increasingly employing AI-powered applications such as image and speech recognition, and robotics to bolster defines equipment and techniques. Hence, with increasing use of AI by government bodies, the market for AI is expected to be fastest growing solution type in the forecast period.

Team Leader

Sarika Gulyani

Director

Timeline

2023
Sep
Press Release

India’s AI prowess is evident in its skilled talent pool, and vibrant startup landscape: Abhishek Singh, President & CEO; NeGD

Aug
Study

India’s cloud and data revolution

Event

AI India Conclave 2023

Jun
Event

FICCI Multistakeholder Roundtable on Economic Benefits of Artificial Intelligence

Press Release

Generative AI Poised to Unlock $621 Billion in Productive Capacity for India: says FICCI - Access Partnership Report

Study

The Economic Impact of Generative AI

Event

AI India Conclave 2023 - Curtain Raiser Programme "Unleashing Creativity and Innovation: Exploring the Power of Generative AI"

2022
Feb
Press Release

To foster robust AI ecosystem in India, Govt's role is to enable data Governance mechanism via open data portals, with adequate safeguards for privacy to enable innovation by researchers, entrepreneurs to build upon & create products for better services: Abhishek Singh, MeitY

Event

FICCI A(I)ndia Conclave 2022

Events

Aug, 2023

AI India Conclave 2023

Aug 31, 2023 FICCI, New Delhi, 10.00 AM to 6.00 PM

Jun, 2023

FICCI Multistakeholder Roundtable on Economic Benefits of Artificial Intelligence

Jun 27, 2023 FICCI, New Delhi, 11.00 AM to 1.00 PM

AI India Conclave 2023 - Curtain Raiser Programme "Unleashing Creativity and Innovation: Exploring the Power of Generative AI"

Jun 07, 2023 FICCI, New Delhi

Feb, 2022

FICCI A(I)ndia Conclave 2022

Feb 25, 2022 Virtual Platform

Chair

Mr Mohit Kapoor

Executive Vice President and Group Chief Technology Officer Mahindra Group

Co-Chair

Ms. Daisy Chittilapilly

President Cisco India and SAARC

Co-Chair

Mr. Kanishka Agiwal

Head - Service Lines, Public Sector, India/South Asia Amazon Web Services

India’s AI prowess is evident in its skilled talent pool, and vibrant startup landscape: Abhishek Singh, President & CEO; NeGD

Detail Page

Generative AI Poised to Unlock $621 Billion in Productive Capacity for India: says FICCI - Access Partnership Report

Detail Page

To foster robust AI ecosystem in India, Govt's role is to enable data Governance mechanism via open data portals, with adequate safeguards for privacy to enable innovation by researchers, entrepreneurs to build upon & create products for better services: Abhishek Singh, MeitY

Detail Page