Integrating Artificial Intelligence (AI) and Machine Learning (ML) with cloud computing is transforming business operations globally, and India is at the forefront of this change. Today, enterprises in India are adopting Al-powered automation and intelligent systems to streamline operations, enhance user experiences, and gain a competitive edge.
Reports indicate that the adoption of Cloud computing is set to grow at a compound annual growth rate of 24%, with the public cloud market projected to reach approximately USD 13 billion by 2025. About 85% of businesses in India are currently utilising external cloud providers for analytics, and the country is well positioned as a leader in adopting these technologies, outpacing nations like Germany and Spain.
SHAPING THE INDUSTRIES
The synergy between Al, ML, and cloud computing drives innovation today. Why? Because cloud platforms provide the necessary infrastructure to deploy foundational AI models efficiently. This allows enterprises to build Al-powered workflows using architectures like Retrieval-Augmented Generation that use cloud-hosted AI models in conjunction with Vector Databases or Knowledge Graphs. Such workflows can simplify operations, enhance customer experience, and improve search or recommendation in their products. This helps shape industries like e-commerce, retail and customer support.
One of the biggest benefits of the convergence of AI/ML and cloud computing is the ability to build data sovereign Al. By deploying open-source foundational AI models on their own infrastructure, businesses can retain control over their data and ensure compliance with laws and regulations. With a data-sovereign AI stack, industries such as fintech, healthcare, and banking can reap the benefits of emerging AI workflows. One example of where this can have a massive impact in the future is anomaly and fraud detection.
This story is from the December 2024 edition of Voice and Data.
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This story is from the December 2024 edition of Voice and Data.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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