The Ministry Human Resource Department, in a press release, said that several national tech universities in the country have set up AI centres for education and research and development. These universities include the Indian Institutes of Technology in Kharagpur and Madras and the Indian Institute of Information Technology Design and Manufacturing in Kancheepuram. Also involved are the National Institute of Technology in Silchar and the National Institute of Technology in Bhopal. Their centres will offer courses related to AI, for example, in deep learning foundations and applications, reinforcement learning, probabilistic reasoning, predictive and prescriptive data analytics, system identification, physical cybersecurity, and digital image processing. India's acts and statutes that govern these institutions allow them to freely collaborate with institutions and universities across the world for academic and research.

Open any business publication or digital journal today, and you will read about the promise of AI, known as artificial or augmented intelligence, and how it will transform your business. The fact is: AI will not only transform your entire business -- whether you are in healthcare, finance, retail, or manufacturing -- but it will also transform technology itself. The essential task of information technology (IT) -- and how we measure its value -- has reached an inflection point. Instead, insight is the new currency. The speed with which we can scale that insight and the knowledge it brings is the basis for value creation and the key to competitive advantage.