Manufacturing Stalwarts Vet AI s Role in India s Growth Story

India being among the fastest growing digital economies, is religiously adopting Artificial Intelligence (AI) across sectors. Banking, financial services and insurance (BFSI), manufacturing, healthcare, education, ad-tech are among sectors that are revolutionizing their business models, even as they increase efficiency and see a record-breaking growth in revenues using AI. According to the World Economic Forum, machines will perform 71 per cent of the tasks of the current workplace by 2025, compared to 29 per cent of the tasks accomplished today. To discuss the opportunities and challenges that follow, reputed industry leaders met at a round table discussion in Mumbai organized by BW Businessworld in association with Microsoft on'AI in Manufacturing' in August 2019. The forum, comprising senior leadership teams from various industries, met to discuss critical factors including customer engagement, product innovation, operational optimization, cost, quality and change in investment needed by industry, to drive sustainable growth while successfully adopting AI in the coming years.