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Deloitte Inaugurates New AI Institute in India

According to Deloitte, the institute will help to build a local ecosystem by integrating AI research and innovations for applications in various sectors, to bridge the widening tech gap among Indian organizations.

Deloitte has unveiled a new Artificial Intelligence (AI) Institute in New Delhi – the eighth such centre to be rolled out across the globe since the middle of last year.

Deloitte AI instituteAccording to Deloitte, the institute will help to build a local ecosystem by integrating AI research and innovations for applications in various sectors, to bridge the widening tech gap among Indian organizations.

Deloitte Consulting president Romal Shetty said that AI technologies offer India the opportunity to leapfrog the world. “There are inherent strengths that India can leverage. At the moment, start-ups, research and academic institutions, and businesses themselves are heavily invested in discovering multiple new AI-based innovative solutions. The AI Institute will integrate these efforts to help organizations transform quickly with AI.”

“These technologies are already in use and driving new business models,” said Deloitte partner and AI institute leader Saurabh Kumar. “We will have exclusive partnerships with some of the brightest minds in the AI ecosystem. A dedicated AI team at Deloitte, along with domain and industry experts, will drive stronger outcomes. We will also bring our business lens that weighs ethical considerations and accountability to help recognize biases or risks.”

The firm cites the huge potential of AI in large parts of transport and logistics, retail, healthcare, education, and agricultural sectors, as well as in aiding policy-making and public administration, while the financial services, hi-tech, telecom, consumer goods, and oil & gas sectors in India are said to be already ahead of the curve in terms of adoption. Deloitte also notes that India is one of the major developers of AI solutions across industries.

As cited by Deloitte in its recent survey report ‘State of AI in India’, local tech industry trade body NASSCOM has contended that AI and data could add as much as US$500 billion to India’s GDP by just 2025.

Yet, as it stands, barely a fifth of the organizations surveyed were assessed as having reached high levels of AI maturity. Highlighting the local market potential, however, a further 50 percent, while less mature, understood the potential benefits of AI.

In addition to partnering with academia, research groups and start-ups, the local AI institute will also be able to tap into Deloitte’s growing global network to share best practices, insights, case studies, and solutions.

First unveiled in the US in the middle of last year, the model has since expanded to eight locations, including Australia, China and Japan. Further centres have been launched in Canada, the UK, Germany and Luxembourg.

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Aishwarya Saxena

A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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