Artificial Intelligence Appreciation Day is celebrated on July 16 each year. AI Appreciation Day serves as a platform for industry leaders to acknowledge and celebrate the significant contributions of artificial intelligence in revolutionizing various sectors. The reflections and insights from these industry leaders highlight the transformative power of AI, emphasizing its role in driving innovation, efficiency, and inclusivity across diverse industries. As AI becomes ubiquitous across various sectors, industry leaders, on this AI Appreciation Day, share how AI is transforming their industries and the significant advancements it has brought about.
Transforming Industries on AI Appreciation Day
Sameet Gupte, Co-founder and CEO, EvoluteIQ:
“AI has been a transformative force across various industries in India, ranging from Healthcare, Manufacturing, Banking & Insurance to Retail and Transportation. In healthcare, AI has revolutionized diagnostics, personalized treatment plans, and administrative efficiency, leading to better patient outcomes. For instance, AI applications in telemedicine have made healthcare more accessible to rural populations, bridging the gap between urban and rural healthcare services. The finance sector has seen significant advancements through enhanced security measures, detailed investment insights, and improved customer service. Notably, AI has facilitated financial inclusion by enabling banks to assess the creditworthiness of individuals with limited financial histories, thus extending services to the unbanked population. The e-commerce boom, driven by AI, has revolutionized how people shop, offering a seamless and personalized shopping experience. In retail, AI has optimized inventory management, personalized shopping experiences, and efficient supply chain operations. Retailers now leverage AI to predict consumer behavior, ensuring that the right products are available at the right time, thus reducing wastage and improving customer experience. The Indian Manufacturing industry has benefited immensely from AI through increased operational efficiency, reduced downtime, and improved quality control. AI systems monitor machinery in real-time, predict maintenance needs, and ensure that production processes run smoothly without unexpected interruptions. Indian manufacturers are adopting AI to stay competitive in the global market, enhancing both domestic and international trade. The transportation and logistics sector has experienced notable improvements with the advent of autonomous vehicles, route optimization, and advanced fleet management. AI-powered logistics platforms have streamlined operations for Indian businesses, ensuring timely delivery and efficient supply chain management. As AI continues to evolve, its influence promises even greater advancements and benefits across these and other sectors, driving growth and innovation forward.”
Revolutionizing Financial Inclusion and Beyond
Satyamohan Yanambaka, CEO, Writer Information:
“As we commemorate AI Appreciation Day, it is evident that artificial intelligence is transforming several industries nationwide. This has resulted in a financial inclusion revolution, where credit accessibility and fraud prevention have been transformed in banking and financial services. At the same time, the insurance industry is being disrupted by this technology, which provides more accurate risk assessments and faster claim settlements. But its influence stretches far beyond finance. AI is helping us achieve higher production efficiency and quality control in manufacturing, which will build India’s manufacturing stronghold in the world. Our government sector has also embraced AI to improve service delivery and policy-making, facilitating smart governance. AI’s influence also plays a crucial role in our healthcare system, bringing better diagnosis and personalized care and bridging the urban-rural gap. In retail, telecom, and logistics, AI will help to optimize operations, leading to improved overall customer experiences. Nonetheless, we must prioritize cybersecurity and data privacy as we continue integrating AI into various industries. Our AI adoption must be guided by strong security measures and ethical principles. By maintaining this balance, we can fully realize AI’s promise to drive innovation and productivity while reassuring all Indians that their interests are protected.”
Strengthening Digital Security with AI
Rajarshi Bhattacharyya, Co-Founder, Chairman, and Managing Director, ProcessIT Global:
“In today’s digital era, the sheer volume of data processed by organizational networks makes manual monitoring and establishing security a formidable challenge. Traditional cybersecurity approaches struggle to keep pace with the constantly evolving and sophisticated threat landscape. AI solutions, however, leverage advanced algorithms to analyze vast amounts of data in real time and provide 24/7 security monitoring. On this AI Appreciation Day, we celebrate the incredible advances AI has made in securing our digital networks. AI excels in strengthening threat detection and prevention, enabling real-time monitoring, and enhancing incident response capabilities. At ProcessIT Global, on this AI Appreciation Day, we recognize the immense potential AI holds in building a secure and safer digital future for both organizations and individuals, and we remain committed to harnessing its power.”
AI for Positive Societal Impact
Chetan Jain, Founding Executive Director, and Managing Director, Inspira Enterprise:
“On AI Appreciation Day, we at Inspira Enterprise, reaffirm our commitment to leveraging AI to create a positive societal impact. AI-powered security systems excel in detecting and analyzing vast datasets, and quickly identifying potential threats. By combating sophisticated threat actors and enhancing threat detection, AI streamlines security processes, improves incident response times and minimizes human intervention and fatigue. The rapid integration of AI in cybersecurity is reshaping governance and user interaction. By harnessing AI ethically and transparently, we are not just advancing technology but also fostering innovation and inclusivity that transcends boundaries.”
Optimizing Logistics and Customer Experience with AI
Vishal Jain, Co-Founder at Roadcast:
“Artificial intelligence is revolutionizing India in exciting ways, touching every corner of our lives! Imagine ordering food, managing a fleet of vehicles, or ensuring medicine deliveries—all super-efficient and hassle-free, thanks to AI. AI has seeped into almost every sector in India, driving significant advancements and transforming industries. The AI market, valued at nearly $100 billion, is projected to reach $2 trillion by 2030. Take Roadcast’s fleet management: with AI, we optimize routes, reducing fuel costs and ensuring timely deliveries. Our real-time tracking keeps everyone in the loop, making logistics a breeze. And for e-commerce, AI makes inventory management and order tracking seamless, boosting efficiency and customer satisfaction. Our recently launched Fuel Sensor ensures that businesses save fuel wastage by reducing fuel theft and enhancing predictive maintenance. AI-based tools provide stakeholders with critical data on stock consumption, carbon emissions, and waste generation, optimizing supply chain processes and fostering stronger connections among manufacturers, suppliers, shippers, and government entities. Generative AI and other emergent techniques are catalyzing innovation, enhancing workforce productivity, and facilitating better business decisions. Technologies like AI simulation, causal AI, federated machine learning, and neuro-symbolic AI are creating sustainable competitive advantages. However, the deployment of AI carries risks, including adversarial attacks and biases in training data, which necessitate the development of secure and fair AI models. As this is a very new vertical not only in India but globally, it is important to ensure responsible AI practices. This will make sure that ethical and organizational considerations are prioritized, safeguarding privacy and fostering trustworthy AI systems. As AI continues to evolve, its impact on logistics is particularly notable, with smart route planning, predictive demand forecasting, and warehouse automation improving efficiency and reducing environmental impact. AI empowers workers by automating repetitive tasks, allowing them to focus on strategic activities and enhancing customer satisfaction through faster deliveries and accurate tracking. Similarly, in other sectors as well AI has made everyday tasks smarter and more efficient.”
Redefining Logistics with AI
Edwin L, Co-Founder, Boxigo.in:
“Artificial Intelligence (AI) has disrupted the way we live our life. It has taken digitization to unprecedented levels reshaping industries across India, making life easier and services smarter. For instance, AI-driven diagnostics are enhancing precision and accessibility, particularly in rural areas. Financial services are leveraging AI for fraud detection and personalized customer experiences, fostering financial inclusion. Education is witnessing AI’s transformative power through adaptive learning platforms, customizing education for every student. Retail is embracing AI-powered analytics for predictive inventory management and personalized shopping experiences, optimizing operations and customer satisfaction. Moreover, AI is also driving innovation in agriculture, one of the biggest sectors in India by optimizing crop yields and resource management through predictive analytics and IoT integration. In manufacturing, AI-powered automation is streamlining production processes, enhancing efficiency, and reducing costs. The automotive sector is adopting AI for autonomous vehicles and smart mobility solutions, redefining transportation norms. Take Boxigo.in, for instance. We are harnessing AI to redefine logistics. From efficient warehousing solutions to seamless relocation services, AI is at the heart of our operations, ensuring everything runs like clockwork. AI isn’t just about efficiency. It is about transforming customer experiences. We leverage AI to predict customer needs, streamline operations, and ensure every move is smooth as silk. AI’s impact in India has extended beyond technological enhancement promising socio-economic transformation, driving growth, efficiency, and inclusivity across sectors, paving the way for a digitally empowered future.”
AI in Travel Tech and Beyond
Prasad Parigi, Sr. Director, Software Engineering, Sabre:
“There’s so much to commend about AI on this AI Appreciation Day and the impact that it has had on the global economy. The Gen AI revolution has transformed our lives in the most profound way possible. An industry that has seen significant impact of AI is Travel Tech, where AI is playing a key role in everything from customized travel plans for passengers to improved operational efficiency for airlines. As an avid observer of AI’s evolution, I have found this journey with AI to be a continuous learning process for me. In addition to AI’s ability to bring about unprecedented innovation, its ability to learn and adapt to the dynamic travel landscape is what excites me the most. The intelligent, modular, and open design of modern AI platforms provides flexibility, enabling airline companies to create and deliver tailored content. Beyond business, AI holds the promise to solve complex global challenges, from healthcare to climate change. As we celebrate this AI Appreciation Day, we must also recognize our responsibility to guide the development of AI ethically and responsibly. I look forward to a future where AI’s potential is harnessed for the greater good.”
Enhancing Diversity and Experience in Esports with AI
Saurabh Meena, Founder of WEARE1 ACADEMY:
“Artificial intelligence technology can enhance diversity within the paced world of esports by creating characters and storylines that showcase a range of backgrounds. This leads to a representation of various social and cultural groups. AI can also ensure diverse talent recognition and fair decision-making by eliminating biases. On the technical side, AI powers adaptive learning systems in training programs, offering tailored experiences that address the specific needs and strengths of each player. These systems enable players to develop skills more effectively. AI algorithms further improve the spectator experience by analyzing vast amounts of data to create engaging and informative visualizations. This makes esports more accessible and enjoyable for a wider audience. AI technology also enhances training by providing advanced analytics and performance tracking tools that offer personalized feedback to players. For players with disabilities, AI-driven solutions ensure that they have the opportunity to participate by making gaming more inclusive. Moreover, AI-driven algorithms assist in the creation of balanced and fair competitions, fostering a sense of sportsmanship among players. Beyond the competitive arena, AI is being harnessed to predict and address online toxicity, thereby creating a more positive and welcoming environment for all players. With these capabilities, AI technology is shaping the future of esports by promoting diversity and inclusion, making the industry more inclusive and diverse than ever before.”
AI Key for Digital Transformation
Nitesh Agrawal, Senior Vice President – Engineering, VideoVerse:
“Artificial Intelligence is the cornerstone of India’s digital revolution, reshaping industries and driving unprecedented growth. From virtual assistants and predictive analytics to generative AI, its impact is profound and pervasive. AI isn’t just a new technology for 2024; it’s a key driver of digital transformation and a catalyst for growth across different sectors. The ‘Economy of Billion Connected Indians report’ confirms this, predicting a sixfold growth in the internet economy to $1 trillion by 2030, with AI leading the way. If I were to look at sports and entertainment a decade ago and compare it with the current state of affairs, AI has been the ace of spades that has completely transformed the way we perceive sports today. There has been a tremendous shift in how sports are played and viewed; right from performance analytics, fan engagement, and content creation, to offering immersive experiences through personalized recommendations, automated video editing, and virtual reality. Back in the day, it was a tumultuous task for startups to set up business, but today, startups are leveraging AI for myriad tasks from remote locations. Cars were a dream for so many but today we now see automated cars on the road. The Tata Nexon EV, with AI technology, enhances driving,redefining India’s automotive industry. The Indian economy that thrives on agriculture is getting a boost with Ai led agricultural solutions, with notable collaborations like the MoU between IndiaAI and Meta advancing AI research and dissemination. Thanks to AI, medicine has seen advancements in early disease detection, personalized treatments, and robotic-assisted surgeries, offering hope in treating previously incurable illnesses. At present, it is said that investments in AI are growing rapidly, expected to reach $7.8 billion by 2025, with sectors like Industrials & Automotive, Healthcare, Retail, and CPG leading the way. Innovations, such as Pramaan Exchange in agriculture and Razorpay in FinTech, highlight AI’s transformative potential. Educational initiatives and venture funds, like ARTPARK, support AI talent and innovation, positioning India as a global AI leader. Since 2017, the ‘Task Force on Artificial Intelligence for India’s Economic Transformation’ has been embedding AI into India’s economic, political, and legal frameworks, fostering a robust AI ecosystem. This is not just transforming sectors; it’s propelling India into a new era of innovation and growth.”
AI Sprinkling Its Transformative Pixie Dust
Abhinav Kumar, Director – Client Success and Engagement Partner, Practus:
“AI is like the magic wand of modern India, sprinkling its transformative pixie dust across various sectors. In finance, it’s the Sherlock Holmes of fraud detection, sniffing out anomalies faster than you can say ‘blockchain.’ Banks are now not just places with long queues but smart entities offering personalized financial advice, thanks to AI-driven chatbots. Healthcare is witnessing a renaissance as AI steps in like a supercharged Dr. Watson, aiding doctors with precise diagnostics and even predicting patient ailments before they become serious. It’s like having a crystal ball, but one grounded in data. In retail, AI is the ultimate shopaholic, curating personalized shopping experiences and ensuring shelves are stocked just in time, cutting down on the dreaded ‘out of stock’ scenario. Imagine a store that knows what you need even before you do – spooky, but in a good way! Manufacturing plants are turning into futuristic hubs where AI-powered robots and predictive maintenance systems keep the wheels turning smoothly, reducing downtime and boosting productivity. It’s like having a pit crew from Formula 1, but for factories. And let’s not forget agriculture – AI is helping farmers become tech-savvy with precision farming techniques, optimizing yields and resource use. It’s like having a green thumb, but one that’s digitally enhanced. AI is weaving its magic into the fabric of Indian industries, making them smarter, faster, and more efficient. So, while we might not have flying cars just yet, on this AI Appreciation Day the AI-driven revolution is certainly steering us toward an exciting future.”
Buckle Up For Artificial Intelligence Revolution
Julian Wheatland, CEO, Progility Technologies:
“AI is going to change everything! Imagine a world where everyone has everything that is known in the world, at their fingertips, and is able to access and use it seamlessly as part of their day-to-day activities. The full power and utility of this is truly unimaginable to us pitiful inhabitants of the world in 2024 – but it’s coming hard and fast. And I’m not just talking about generative AI such as ChatGPT or Midjourney which, amazing as they are, are just scratching the surface. I’m talking about AI models embedded into aps and software that seamlessly draw on huge quantities of data and models, to provide insight that was never before possible. With AI chips now being embedded onto the motherboard of new laptops, the speed and security of AI is about to take another huge leap. AI is not just another technology development – AI represents a discontinuity as profound and significant as the personal computer itself.
Here in India we can already see AI being taken up and deployed across a wide variety of industries. In the finance sector HDFC’s EVA is an AI-based chatbot that is instantly answering customer queries, streamlining customer service and enhancing user experience. In healthcare, Niramai’s breast cancer screening device and Qure.ai’s X-ray analysis software are improving efficiency and patient outcomes simultaneously; in fact, AI powered unified communications systems, coupled with technologies like Niramai or Qure.ai, is set to radically change how healthcare is delivered in hospitals and in the community. From manufacturing (where Tata Steel is using Kalani AI) to IT (where HP is embedding AI into its Workforce Computing Solutions for asset and network management), AI is replacing planned maintenance with predictive maintenance, driving huge cost savings and capital efficiency. Buckle up! The AI revolution is just getting started.”
AI Making Tangible Difference in People’s Lives
Hemanta Banerjee, VP – Public Cloud Data Services, Rackspace Technology
On AI Appreciation Day, Rackspace Technology acknowledges the profound impact AI and Generative AI (GenAI) are having on India’s technological landscape and economic growth. AI’s potential to drive transformation extends beyond efficiency — it’s enhancing creativity, solving complex problems, and unlocking new opportunities across various sectors. From AI-driven crop monitoring systems that maximize yields to GenAI models that predict diseases and personalize healthcare solutions, we see AI making a tangible difference in people’s lives. Our FAIR (Foundry for AI by Rackspace) initiative focuses on empowering businesses to leverage these technologies securely and responsibly, ensuring that innovation is aligned with ethical practices. By fostering an environment where AI is both powerful and principled, we are paving the way for a future where India’s digital economy thrives, education becomes more personalized, and industries become more resilient and adaptive. Let’s harness the transformative power of AI and GenAI to propel India into a new era of smart, inclusive, and sustainable growth.
