India set to lead digital transformation race: Microsoft India President
Nearly eight per cent of GDP components in India are currently impacted by digital technologies and by 2021, 60 per cent of those will be impacted.
In a renewed push for Artificial Intelligence (AI) and its use cases in India, Microsoft India on Wednesday said there is highest penetration of AI skills among the workforce that will fuel digital transformation in the country sooner than thought.
"A tectonic shift is happening in AI. Nearly 85 per cent of enterprises globally will use AI in some form or the other by 2020.
Indian firms are now fast catching up," Anant Maheshwari, President, Microsoft India, told reporters on the company's flagship Media and Analyst Days here.
Nearly eight per cent of GDP components in India are currently impacted by digital technologies and by 2021, 60 per cent of those will be impacted.
"Almost every sector is becoming digital and that transformation is impacting every company in India across the spectrum," stressed Maheshwari.
Driven by Intelligent Cloud, Intelligent Edge and spurt of data, AI and its growing use cases are set to change the game.
Watch This Zee Business Twitter Video
#BESTBusStrike | मुंबईकरों के लिए 'बेस्ट' खबर, पिछले 9 दिन से जारी बेस्ट की हड़ताल खत्म। pic.twitter.com/L5iOFKD47W
— Zee Business (@ZeeBusiness) January 16, 2019
Microsoft currently has 54 Azure Cloud regions -- more than AWS and Google combined.
"We will continue to work closely with the countries when it comes to data localisation. India already has three Azure regions which shows how serious we are for keeping data within the boundaries," said Maheshwari.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
Power of Compounding: How many years it will take to reach Rs 2 crore corpus if your monthly SIP is Rs 3,000, Rs 4,000, or Rs 5,000
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
04:51 PM IST