AI Appreciation Day 2024: Celebrating the Future of Technology

As AI Appreciation Day 2024 unfolds, Virtusa Corporation’s Chief Technology Officer Ram Meenakshisundaram reaffirms the transformative power of AI.

MUMBAI (India CSR): On AI Appreciation Day, Virtusa Corporation’s Chief Technology Officer, Ram Meenakshisundaram, emphasizes the transformative role of artificial intelligence in today’s industries. With India’s AI market poised for substantial growth, Meenakshisundaram underscores the importance of AI in driving innovation and technological advancement.

AI’s Revolutionary Impact

Artificial intelligence has become a cornerstone of technological progress, revolutionizing various sectors and fostering unprecedented innovation. Ram Meenakshisundaram of Virtusa Corporation marks AI Appreciation Day by celebrating the significant strides AI has made in reshaping industries and enhancing efficiency.

India’s AI Market Growth

India’s AI market is projected to reach a staggering $17 billion by 2027, with an impressive compound annual growth rate (CAGR) of 25-35% between 2024 and 2027. This remarkable growth is underpinned by strong government support through the India AI Mission. Substantial funding and a dedicated focus on developing AI infrastructure and workforce skills have created a robust foundation for AI’s proliferation across the nation.

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With India’s AI market set for exponential growth and strong government backing, the future of AI in India looks promising.

Government Initiatives Fueling AI Advancement

The Indian government’s commitment to AI is evident through its strategic initiatives and substantial investments. The India AI Mission plays a pivotal role in fostering a conducive environment for AI development. By enhancing IT infrastructure and continuously advancing technological capabilities, the government is paving the way for widespread AI adoption across various sectors.

Virtusa’s Engineering First Approach

At Virtusa, the Engineering First approach is central to the company’s ethos. This philosophy entails integrating AI opportunities throughout the lifecycle of any project, ensuring that AI is considered from inception to completion. Meenakshisundaram highlights Virtusa’s commitment to fostering a culture of continuous learning and ethical AI practices, which are crucial for sustainable and responsible AI development.

AI as a Catalyst for Human Potential

Meenakshisundaram believes that AI is not just a technological advancement but a catalyst for unlocking human potential. By redefining the future of business, AI creates lasting positive impacts for clients and communities alike. The integration of AI into various processes enables businesses to achieve greater efficiency, innovate continuously, and deliver enhanced value to their stakeholders.

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Sprinklr CTO Amitabh Misra Highlights AI’s Transformative Impact on AI Appreciation Day

Embracing AI as a Catalyst for Innovation and Progress

Amitabh Misra, Chief Technology Officer at Sprinklr, emphasized the rapidly evolving AI landscape and its potential to drive transformative change during his address on AI Appreciation Day. Misra underscored AI’s role as a fundamental shift in operations and innovation, moving beyond its traditional perception as a mere tool.

Reflecting on Sprinklr’s journey with AI, Misra shared insights into the company’s commitment to integrating AI into its products. “We have witnessed firsthand the transformative impact of AI, and this has driven us to integrate it into our own products, such as the Sprinklr Digital Twin. This new AI technology transcends traditional conversational AI chatbots, providing a more comprehensive and effective solution,” he stated.

Misra also highlighted Sprinklr’s dedication to innovation within the Indian market. “At Sprinklr, we are building in India, for India, and we are committed to leveraging AI to drive progress and innovation. On this AI Appreciation Day, we look forward to continuing to harness the power of AI to drive progress and innovation in the years to come,” he added.

Sprinklr’s approach exemplifies the transformative potential of AI, aiming to create more effective solutions and foster progress through continuous innovation. As AI technology advances, Sprinklr remains at the forefront, dedicated to pushing boundaries and creating impactful changes in the industry.

(India CSR)