Major players in the Indian corporate sector are turning to artificial intelligence (AI) as a key tool to enhance innovation and operational efficiency

8th April, 2024
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Major players in the Indian corporate sector are turning to artificial intelligence (AI) as a key tool to enhance innovation and operational efficiency

Developing their knowledge of Generative Artificial Intelligence (GenAI) is a top priority for CEOs and CXOs in India as a way to propel corporate transformation. Institutions like as Insead and upGrad have noted a noteworthy rise in professionals seeking AI expertise, which is indicative of this surge in interest. AI is being aggressively incorporated into business operations by organizations like Raymond and Tata Consumer in order to foster innovation and enhance consumer relations.

The complexity of AI technology is something that senior managerial staff members must understand, as it has the potential to drastically disrupt a number of corporate operations. Both scholars and high-ranking authorities agree that this issue is urgent. Insead Dean Francisco Veloso observes that Indian corporate professionals are becoming more interested in learning cutting-edge tech capabilities, especially in AI and GenAI. He stresses how crucial it is to comprehend how firms may strategically use AI to improve productivity and product quality.

Doctorate programs in GenAI are in greater demand according to platforms like upGrad, particularly from seasoned workers looking to adjust to changing market situations. Mayank Kumar, co-founder of upGrad, believes that this pattern is indicative of a larger movement in the workplace toward flexibility and agility.

Executives from organizations such as Raymond and Tata Consumer emphasize how top management is actively investigating the potential of artificial intelligence for commercial expansion. They stress that in order to fully utilize AI’s transformational potential, cooperation with professionals and ongoing learning are essential.

All things considered, senior board members believe that incorporating AI expertise is crucial in today’s quickly changing corporate environment since they understand its potential to completely transform industries and redefine customer interactions.