According to Infosys Chairman Nandan Nilekani, Artificial Intelligence (AI) presents a bigger opportunity than the advent of personal computers, the internet, or smartphones. Nilekani believes that AI has the potential to transform various aspects of our lives, from healthcare and education to finance and transportation. He emphasizes that AI is not just a technology, but a way of thinking that can help organizations and individuals make better decisions, improve efficiency, and drive innovation.
Nilekani notes that the impact of AI will be felt across different industries, including those that have not traditionally been associated with technology. He cites the example of healthcare, where AI can help analyze medical images, diagnose diseases, and develop personalized treatment plans. Similarly, in education, AI can help create personalized learning pathways, automate grading, and enhance student outcomes.
The Infosys Chairman also highlights the potential of AI to drive economic growth and create new job opportunities. He suggests that while AI may automate some tasks, it will also create new ones that we cannot yet imagine. Nilekani emphasizes the need for governments, educational institutions, and organizations to work together to develop the skills and infrastructure required to harness the potential of AI.
Nilekani’s comments come at a time when AI is increasingly being adopted by organizations across the globe. According to a recent report, the global AI market is expected to reach $190 billion by 2025, growing at a compound annual growth rate of 33%. The report also notes that AI has the potential to add $15.7 trillion to the global economy by 2030.
In conclusion, Nandan Nilekani believes that AI presents a significant opportunity for organizations and individuals to drive innovation, improve efficiency, and create new economic opportunities. As the adoption of AI continues to grow, it is likely that we will see significant transformations across different industries and aspects of our lives. With its potential to add trillions of dollars to the global economy, AI is an opportunity that cannot be ignored. Nilekani’s comments highlight the need for collective action to develop the skills and infrastructure required to harness the potential of AI and drive economic growth.