Freshworks CEO Girish Mathrubootham joins Caroline Hyde and Ed Ludlow to discuss how the company’s latest products are leveraging generative AI, why it is important to democratize access to the power of AI and why India is a force to look out for in AI innovation.
Growth of AI in India
The AI sector in India has been growing rapidly in recent years. According to a report by NASSCOM, the Indian AI industry is expected to reach $16.2 billion by 2025, growing at a CAGR of 33.5%. The government of India has also been actively promoting the development of AI by launching initiatives such as the National AI Strategy and the AI for All program.
Applications of AI in India
AI has found applications in various sectors in India, including healthcare, finance, agriculture, and education. In healthcare, AI is being used for disease diagnosis and drug discovery.
In finance, AI is being used for fraud detection and risk management. In agriculture, AI is being used for crop monitoring and yield prediction. In education, AI is being used for personalized learning and student assessment.
Challenges faced by the AI sector in India
Despite the growth and potential of the AI sector in India, there are several challenges that need to be addressed. One of the biggest challenges is the lack of skilled talent in AI. Another challenge is the lack of data privacy laws and regulations. Additionally, there is a need for more investment in research and development in AI.
Future of AI in India
The future of AI in India looks promising. With the government’s support and the growing interest of startups and businesses in AI, the sector is expected to continue its growth trajectory. However, addressing the challenges mentioned above will be crucial for the sustainable growth of the AI sector in India.