The Fact Maker

AI appreciation Day 2024 – Thoughts from various industry leaders

Mr. L Srinath Reddy, Managing Director, Raminfo Limited.

“At Raminfo, we celebrate the power of AI to transform industries, innovate solutions, and empower progress. In our journey, AI has revolutionized how we analyze complex data, enhancing decision-making, optimizing processes, and delivering insights that drive meaningful outcomes. We are introducing a cutting-edge neural network that will leverage AI to simplify intricate data analysis, making it more accessible and actionable for our clients. Today, on AI Appreciation Day and beyond, we continue to leverage AI’s capabilities to pioneer advancements in e-governance, IoT analytics, engineering, education and skill development, Agri & Logistics, and energy sectors shaping a future where possibilities are limitless. We also commend the progress made in the deep tech policy, as the government plans to introduce measures to unlock long-term funds and support for deep tech startups, reinforcing our commitment to innovation and sustainable growth through advanced technologies.”

Karun Tadepalli, CEO and Co-Founder, byteXL

“AI Appreciation Day serves as a key moment to showcase the prominence of AI in our day to day lives. AI has played a key role in revolutionizing and transforming education through EdTech. Deployment of AI in the edtech products has increased drastically and Intelligent Tutoring Systems and AI-driven educational tools like adaptive classroom teaching, automated student assessments tracking, and personalized student analytics are reshaping learning environments. They have been instrumental in streamlining student enrolment, create tailored academic content and enhance language tutoring through conversational AI. These innovations aim to foster a more efficient and personalized educational experience, leveraging technology to cater to individual student needs and optimize outcomes. India has a long way to go in AI development. I am sure our policymakers are thinking of the challenges”

Prem Kumar Vislawath, CEO and Co-Founder – Marut Drones

“The fusion of AI and drone technology seems to have opened applications across various industries. With AI algorithms, drones can now process vast amounts of data in real-time, enabling them to make autonomous decisions based on their surroundings. By enhancing capabilities from autonomous navigation and precision agriculture to disaster response and surveillance, India’s AI mission is significantly contributing to the growth of the Indian drone sector. Drones with AI and facial recognition are also helping in law enforcement and assisting in managing crowds. In agriculture, AI-equipped drones are offering farmers valuable insights by capturing high-resolution imagery, analyzing crop health, and identifying areas that require attention, leading to optimized resource allocation and increased yields. AI continues to evolve; the future of drone technology appears even more promising.”

Sreekumar Pillai, CTO and Co-Founder – Experion Technologies

“We are witnessing a significant shift in how AI influences our daily lives, driving a wave of AI-driven transformation in delivering products and services by various industries. This shift enhances product quality, customer experience, and more, making AI a crucial component of the digital transformation journey. Software companies are no exception. Despite technological advancements, software creation has remained largely unchanged for decades. Traditionally, it relied on capturing business requirements, translating them into software requirements, and iterating through development, testing, and user feedback. The application of Generative AI is now significantly improving how software teams capture and develop requirements comprehensively, reducing missing and ambiguous requirements. AI-assisted code development is gaining traction, contributing to the delivery of high-quality software in shorter time cycles.

As AI continues to evolve, its potential to drive innovation and efficiency across various industries is immense. Take healthcare, for example, Google’s DeepMind claims that it can detect over 50+ eye diseases with the same accuracy as top specialists. Amazon and Netflix use AI-powered recommendation systems to personalize customer experiences, boosting sales and engagement. Gen AI is widely being leveraged by e-commerce sites to provide summary of user reviews and ratings. With AI continuing to evolve, we look forward to a future where innovation and efficiency drive unprecedented advancements in technology driven industries”

Sunil Sharma, Global Head of Strategy, Innovation and DSiL (Digital Science Innovation Lab)

“The transformational power of AI Artificial Intelligence is continuously evolving and shaping our present and future. We must take advantage of AI Appreciation Day to collaborate, raise awareness, and find inspiration for the next wave of AI achievements. In this regard, endeavors such as the Digital Science Innovation Lab (DSiL) by CriticalRiver, focused on leveraging the latest advancements in AI and Data Science to drive innovation and solve complex business challenges, play a vital role in today’s digital landscape. DSiL combines home-grown AI Platforms and data accelerators and an adaptive implementation approach to build scalable AI/data capabilities that deliver business outcomes. By embracing these advancements, we can pave the way for a more intelligent and efficient future.”