Author
The author is Chairman, Cambridge Technology. He is an equity investor in technology, infrastructure, real estate, energy, logistics and hospitality. Aashish was one of the co-founders of Cambridge/Samsung Partners, one of the earliest independent venture capital firms in Boston in 1996 in partnership with Samsung of Korea
The global IT services and consulting major Accenture said AI has the potential to increase India’s annual growth rate of gross value added (GVA) by 1.3 percentage points, lifting the country’s income by 15 percent by 2035.
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AI can boost revenues by 38% and employment by 10%. Public spending on these disruptive technologies will make India more democratic and help the government eradicate corruption and tax evasion.
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This transformation is the biggest the world has ever seen since the industrial revolution nearly 250 years ago.
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Big Data, powered by Artificial Intelligence and Machine Learning will define industries - both new ones and old, transforming data into a valuable knowledge asset and a catalyst for disruption.
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