“By 2020, in fact, the India internet economy is projected to grow to $250 Bn, backed mostly by ecommerce which is set to clock a record growth rate of 51%. And, IBEF predicts that India is likely to overtake the US to become the second-largest ecommerce market (behind China) by 2034.” https://www.google.com/amp/s/inc42.com/resources/why-a-robust-ecommerce-strategy-is-a-must-today/amp/
Tag: India
AI and Digital Tech Adoption in India to Help Banks and Financial Institutions with Streamlining Operations: Report
“The Institute for Development and Research in Banking Technology (formed by the Reserve Bank of India) has revealed that the digital economy sector in India is expected to ‘double its output as early as 2025.’ These developments have made India the second largest digital ecosystem with more than 700 million Internet users, the report claims….
India will be one of world’s AI superpowers, says Microsoft’s Brad Smith
“Smith said Microsoft is focusing on six strategies to ensure responsible AI – to ensure AI is fair and unbiased; secure and safe; protects people’s privacy; inclusive; transparent; and accountable. “These issues around facial recognition go to the heart of democratic freedoms, and it will be the world’s great democracies that need to lead the…
Powering ecommerce sales for festive season and beyond
* “As online shopping continues to grow at breakneck speed, ecommerce players are riding the wave and increasing their spend on AR, VR and AI to entice and engage customers in anticipation of the festive season. * In its latest Adobe Digital Economy Index report for May 2020, Adobe Analytics found that ecommerce sales during…
Report: State of Artificial Intelligence in India – 2020
“The Indian Artificial Intelligence market is valued at $6.4 Bn as of July – August 2020. The market size by Industries or Sectors is the highest across the IT Services sector, followed by the Technology sector (including Software and Hardware firms), with a market share of 41.1% and 23.3% respectively. Apart from the IT and…