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BusinessAI growth driven by investments and research in India: ISB report

AI growth driven by investments and research in India: ISB report

Published: 21st May 2021 10:48 pm

Hyderabad: A study by Srini Raju Centre for IT and Networked Economic under ISB has found that higher investments and research is driving significant growth of AI in India. The recent AI Index 2021 Annual Report launched by the Indian School of Business’s IT-focused think tank SRITNE, captured trends in R&D, education and entrepreneurial activity.

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This Index tracks, collates, and visualises data relating to AI investment, its use and adoption. It also monitors AI readiness along with adoption rates across States. “The research analysis revealed that while overall activity and investments are increasing significantly, these activities are concentrated in a few regions,” said Professor Deepa Mani, Professor and Area Leader of Information Systems, ISB and executive director, SRITNE-ISB.

The report highlights that there has been a steady growth in AI-related research publications, collaborations, and patents. Distribution of startups across geographies revealed that Karnataka leads with the maximum number of AI startups followed by Maharashtra. “As per our analysis of online job searches for the period 2019 – 2020, there has been a steady growth in AI-related jobs posting in India, though it represents only a small percentage (2 per cent in January 2019 -March 2020) of total jobs posted in India,” a statement said.

In India, the popularity of the keyword “Machine Learning” grew steadily from 2015 to 2020, overtaking “Artificial Intelligence” in 2017. There is, however, minimal organized data on the demand and supply of AI-related skills and human capital in India. Therefore, the gap between skills and employment in the AI domain is not entirely analysed yet.

‘The AI Index 2021 Annual Report’ was formally launched on Friday by Jayesh Ranjan, IAS, Principal Secretary, Industries & Commerce and Information Technology, Telangana and Dr Rohini Srivathsa, National Technology Officer, Microsoft India, in a virtual event.

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