Article | Foundr MAGAZINE

Future of AI in India: Trends and Predictions for 2024

The recent development of Artificial Intelligence has made huge changes in different industrial sectors. AI has emerged as an integrated part of daily life. Like other developed countries, India is also paying attention towards implementing AI policies in the country. Today, many industries are executing AI tools in their companies, and these activities will develop the future of AI in India.

Initiatives and implementation of policies

“Digital India” is the first initiative of the Indian Government towards the implementation of Artificial Intelligence in the country. The AI program of India always aims to address certain apparent shortages in the AI eco-system. It always focuses on the areas like finance, etc.

Top AI-driven Industries in India

The growth and the future of artificial intelligence largely depend on the implementation of AI in various industries. Let’s take a look at top AI-driven companies in India.

Healthcare sector– Professionals use AI in healthcare industries in different ways. This advanced technology is used in medical imaging, predictive analysis, diagnosis of medical complications, etc. The use of AI is helpful for doctors in finding health complications and offering personalized treatments. Top artificial intelligence companies in India supply their products to healthcare sectors to ease the performance of doctors or other healthcare professionals.
Digital and technical field- The Indian digital economy has experienced huge development due to the implementation of artificial intelligence in the country. Today, many ai Indian companies have implemented advanced technologies so that consumers can experience the best service. Implementation of AI is helpful in the following areas-

Improving customer satisfaction
Enhancing customer experience
Provide personalized advice to customers
Fraud detection and money laundering transactions
Enhancement in Digital Lending.

Self-driving cars– Today, advanced AI technologies are widely used in self-driving cars. These cars have future with AI as these come with advanced technologies. The AI-featured cars are helpful in detecting objects, designing routes, etc. These cars have sensors, and passengers can communicate with them.

Finance- The implementation of AI-driven technology has made it possible to detect fraud in financial activities within every organization. These AI tools work as vigilance and monitor every financial transaction.

Retail trade- The retail sector in India is booming at a fast pace using advanced AI technology. Many retail companies will use AI in future technology. This will enhance customer experience during shopping.

Power and energy- Manufacturers engaged in power and energy have started implementing AI technology to revolutionize traditional manufacturing processes. The implementation of these technologies has made it possible to enhance construction workflows and reorganize supply chain operations.

Trends and prediction- future of ai in india

Today, industries cannot avoid the impact of OpenAI, ChatGPT, etc. This next-generation technology is responsible for fast-paced development in different sectors. Indian start-ups are extremely interested in implementing the Generative AI movement. Top AI predictions in India are listed here.

Implementation of Enterprise AI	Indian artificial intelligence companies use this technology to leverage data analysis to automate operations.
API supported AI	Enhances AI-powered applications. Helpful in machine learning and image recognition. Designs supple and mountable framework.
Next Generation Generative Artificial Intelligence	Fast paced development of AI-powered Tools.
Shadow AI	Implementation of these AI tools enhances employee productivity. Hence, companies are not required to employ new staff.
AI Hallucination Insurance Policy	The insurance sector also has the future with AI. It will help in adapting risk management offerings.

Conclusions

Acceptance of AI among various Indian companies will be responsible for the profound revolution in different sectors. Indian artificial intelligence companies have launched their AI tools, which are widely used to enhance employee productivity and overall growth within the companies.