Artificial intelligence (AI) is rapidly transforming the world around us, from automating routine tasks to driving cutting-edge innovations across industries. As India stands on the brink of a digital revolution, the question isn’t just about whether AI will play a pivotal role—it’s about how it will redefine our future.
With the AI market in India projected to soar from $4.1 billion in 2023 to an estimated $17 billion by 2027, the stakes have never been higher for businesses, government entities, and startups alike. But where does one find the best insights, the latest trends, and the most promising innovations in AI?
There are many opportunities for startups, but ET Edge offers a unique chance to showcase your AI startup in front of potential investors and key stakeholders who can truly make a difference. ET Edge is hosting the ET NOW AI Summit & Awards 2024, which promises to be the premier event for exploring the future of AI in India. Wondering what's there for you? Well! Let us tell you that it includes an AI Startup Zone where you can present your startup to the entire gathering. Sounds thrilling, right? TICE, brings you the details of the AI Startup Zone, but first, let’s explore why AI has become such a hot topic, not just for ET Edge, but for the whole industry.
AI in India: A Market Poised for Explosive Growth
According to Statista, India’s AI market is set to grow at a compound annual growth rate (CAGR) of 29.1% from 2024 to 2032, driven largely by advancements in machine learning (ML), which accounted for the largest market share in 2023. This rapid expansion is not just a trend; it reflects AI’s increasing influence across multiple sectors. In the Government and Public Services (GPS) sector, for instance, AI is already making significant strides. A recent EY survey revealed that 61% of GPS organizations believe that Generative AI will enhance the citizen experience, while 67% see it as a key driver of innovation. By 2026, it is expected that 60% of governments will utilize AI-enabled platforms to automate and connect data, processes, and employees, leading to more intelligent and efficient operations.
Generative AI is also redefining industries worldwide, revolutionizing everything from product design and supply chain management to customer engagement and business processes. A 2022 McKinsey survey highlighted that AI adoption has more than doubled over the past five years, and with AI capabilities becoming increasingly embedded in IT operations, the opportunities for innovation are vast. This surge in AI adoption is not just about technological advancement; it's about seizing the future.
A Convergence of Innovation and Opportunity
As India moves towards its goal of becoming a $5 trillion digital economy, events like the ET NOW AI Summit & Awards 2024 are essential for shaping the future landscape. Scheduled for 27th September 2024 at Sahara Star, Mumbai, this summit is set to bring together industry leaders, AI innovators, and startups to explore the synergies between AI technologies. Participants will gain insights into the latest trends, best practices, and the strategic integration of AI into business operations. The summit will cover critical topics such as infrastructure scalability, real-time analytics, and the broader impact of AI on business competitiveness.
What's there for Startups?
One of the most anticipated segments of the summit is the AI Startup Zone—a unique platform dedicated to spotlighting emerging AI startups. This exclusive area will provide startups with unparalleled opportunities to showcase their innovations, connect with key industry players, and compete for recognition in the AI Startup Pitch Competition. The AI Startup Zone is not just a showcase; it’s a launchpad for the next wave of AI innovators.
Here’s what makes the AI Startup Zone an unmissable opportunity:
- Pitch & Win: Engage in the AI Startup Pitch Competition to present your innovation to a panel of top industry leaders and investors. This is your chance to gain visibility and make a lasting impression inthe AI ecosystem.
- Boost Your Visibility: With over 500 key industry professionals, investors, and influencers attending, the AI Startup Zone offers an unrivaled platform to exhibit your cutting-edge solutions and expand your professional network.
- Exclusive Opportunities: Unlock one-on-one meetings with leading digital ecosystem enablers, offering insights and strategies to help scale your AI innovations.
- Amplify Your Brand: Benefit from extensive media coverage through ET Edge Insights, pre- and post-event promotions, and the opportunity to feature your logo on the official event website, enhancing your brand’s presence in the AI landscape.
Why This Summit Matters: Harnessing AI for Business Innovation
As highlighted by Gartner’s “Predicts 2024” research, the integration of Generative AI into IT operations is set to skyrocket, with more than 90% of IT operations management vendors expected to embed AI capabilities by 2026. This shift underscores the importance of platforms like the ET NOW AI Summit, where businesses can explore how to effectively leverage AI to drive growth and innovation. The summit will address not only the technological aspects of AI but also critical non-technical challenges such as cost management, data sovereignty, and sustainability—key considerations for businesses looking to adopt AI at scale.
The ET NOW AI Summit & Awards 2024, along with the AI Startup Zone, is more than just an event—it’s a critical touchpoint for anyone looking to be at the forefront of AI innovation in India. With opportunities to showcase your startup, engage with industry leaders, and gain invaluable insights into the future of AI, this summit is the place to be.
Ready to seize the spotlight and shape the future of AI? Apply now to secure your spot in the AI Startup Zone, and join the ET NOW AI Summit & Awards 2024. For more details on participation packages and inclusions, reach out to Yash Panchal at yash.panchal@timesgroup.com or call +91 97694 10521.
Last but not least, stay tuned to TICE, as the official media partner for this event, we will bring you the latest and fastest updates from the ET NOW AI Summit & Awards 2024.
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