“Are you overhyping digital transformation and AI?
Chambers: No. It’s the biggest trend in the last 30 years, since the commercialization of the Internet. Bigger even. It will produce an impact two or three times what the Internet did and in a much faster pace. It is accelerating.
Why are you so bullish on India?
Chambers: If you believe that digital transformation and AI are economic and social game changers, with a potential impact greater than the internet, then you look at how a country thinks about this for their future. PM Modi is the best leader in the world on this topic.”
“Finance Minister Nirmala Sitharaman laid emphasis on the government’s plans to focus on areas like artificial intelligence, big data, and robotics in its skill-enhancement programs so as to develop capacities for the country’s dynamic participation in the so-called fourth industrial revolution.
These policy developments must be understood in the context of a recent LinkedIn report, where India ranks 3rd in terms of penetration of AI skills among its workforce, followed by Israel and Germany even as the United States and China were the top two countries on the list.”
“He points out that shiprocket clocked one million monthly shipments in June with annual GMV of over US$ 250 million. Currently, Shiprocket ships to 220 countries and across 26,000 PIN codes in India with 15 courier partners onboard. ‘We aim to triple our active sellers to reach 50,000 by the end of this fiscal and are targeting three million monthly shipments by the end of 2020,'”
Social media company Facebook is going to buy a stake in Meesho, an Indian eCommerce startup that connects people re-selling a variety of items with potential buyers on other platforms, according to a report from Reuters.
Meesho is a digital platform for re-sellers of items as diverse as jewelry to smartphones to reach prospective customers via social media platforms like Facebook, WhatsApp and Instagram. It has some 2 million entrepreneurs focused on India’s smaller towns and cities
“HDFC Bank uses an intelligent AI-enabled bot for improving the efficiency of the credit decision process.
RBL bank is using an AI backed model to identify the optimal loading of ATMs…the bank is being able to load 20-30% less money in the ATMs.
E-commerce player, Pepperfry, is using AI to aid in product discovery for end users.
At Yes Bank, candidates are interviewed by an AI bot on a one-way video platform.
Online pharmacy, Netmeds, uses AI to rate a particular prescription.
Apollo Hospitals is leveraging AI, ML to effectively guide patients and clinicians so that the clinical outcomes are further increased to the highest possible levels and ensuring the best quality and safety.”