MSMEs have an added benefit as AI empowers them to operate more efficiently and strategically, overcoming resource limitations and enhancing their competitiveness
Vasanthi Ramesh, VP – Engineering, NetApp India
FinTech BizNews Service
Mumbai, July 16, 2024: Today the 16th of July is annually observed as AI Appreciation Day. AI Appreciation Day highlights the transformative impact of artificial intelligence across industries. In the context of AI adoption across business process in Indian enterprises, it highlights AI's role in enhancing efficiency, decision-making, and innovation. The day recognizes AI's transformative impact on industries, promoting awareness, education, and the future potential of AI-driven solutions in the corporate world.
On the occasion, Sachin Panicker, Chief AI Officer, Fulcrum Digital, Vasanthi Ramesh, VP – Engineering, NetApp India, Neelesh Kripalani, Chief Technology Officer, Clover Infotech, and Deekshith Marla, Co-founder of Arya.ai, an Aurionpro Solutions company, have shared very insightful views on AI:
Sachin Panicker, Chief AI Officer, Fulcrum Digital: AI is not just a technological advancement; it's a transformative force reshaping enterprises and economies, especially in India. By streamlining processes and enhancing decision-making, AI is unlocking new opportunities and driving growth across industries. For Indian enterprises, regardless of size of operations, AI is a game-changer, enabling them to expand their reach, improve customer relationships, and compete on a global scale. MSMEs have an added benefit as AI empowers them to operate more efficiently and strategically, overcoming resource limitations and enhancing their competitiveness.
Beyond business, AI stands as a great equalizer, providing access to vital information and resources, thus levelling the playing field for all. As we celebrate AI Appreciation Day, let's recognize the profound impact AI is having on the Indian economy and its promise to uplift humanity, driving us towards a more equitable and prosperous future.
Vasanthi Ramesh, VP – Engineering, NetApp India: For Indian enterprises, the adoption of AI in the past year has been particularly transformative. According to NetApp’s 2024 Cloud Complexity Report, nearly 70% of businesses in India are already leveraging AI to gain competitive advantages. With this trend of AI adoption comes the massive undertaking of efficient, adaptable, and secure data management. As businesses strive to harness the power of their data to drive innovation and operational efficiency, Intelligent Data Infrastructure (IDI) becomes indispensable. With the right data infrastructure, Indian companies can unlock significant value from their data, accelerating growth and staying ahead in the global market.
AI, along with IDI, is enabling Indian enterprises to streamline their data processes, reduce costs, and enhance decision-making capabilities. This not only drives productivity and innovation but also strengthens India's standing in AI adoption globally.
On AI Appreciation Day, we recognize that as AI continues to reshape the business landscape, Indian enterprises are set to flourish, leveraging cutting-edge IDI solutions to drive the economy forward.
Neelesh Kripalani, Chief Technology Officer, Clover Infotech: On AI Appreciation Day, we recognize the transformative power of artificial intelligence in revolutionizing enterprise operations and enhancing customer experiences. As the CTO of an IT solutions company, I have witnessed how AI acts as a catalyst for innovation and efficiency. By leveraging AI, including the advanced capabilities of Generative AI (GenAI), enterprises can access real-time insights, thereby enhancing decision-making, personalizing the customer journey, improving data security, and offering real value to stakeholders. As we look to the future, the potential of AI to drive unprecedented growth and redefine industry standards is boundless. Our commitment is to stay at the forefront of this technological evolution, guide our clients to harness AI's full potential and shape a smarter, more connected world.
Deekshith Marla, Co-founder of Arya.ai, an Aurionpro Solutions company: Artificial intelligence is reshaping the financial services landscape with its transformative skills. AI isn't just a tool anymore; it's a catalyst for innovation that's revolutionizing how we approach banking and fintech. Joining hands with Aurionpro Solutions, is allowing us to witness how AI can enhance operational efficiency, strengthen fraud detection, and deliver personalized customer experiences for the banking and fintech space. Our AI-driven solutions are enabling financial institutions to make more accurate decisions, automate complex processes, and stay ahead in regulatory compliance. As we look to the future, we're excited about AI's potential to further democratize financial services, making them more accessible, secure, and tailored to individual needs. AI Appreciation Day reminds us that we're not just developing technology – we're shaping the future of finance.
