Undoubtedly, AI has come through as a phenomenal force in a world dominated by algorithms, changing industries, and societies. Along with making us more efficient and automating tasks, AI-driven tools are also applied to deliver better user experience, reduce costs, increase revenue as well as get a competitive advantage in business settings. From personalized customer support and voice assistance to adaptive learning systems – the sky is the limit!
Research shows that:
- When constructing automation in decision-making procedures, the experts view AI as autonomous.
- About 2,800 leaders in AI-powered organizations are either trialing or adopting generative AI. 79% of them see transformative effects on their organizations through AI in the coming three years.
- It is predicted that AI will have the potential to generate $15.7 trillion for the world economy by 2030 and increase local economies by an additional 26%.
- Generative AI and other technologies, even at their early stages, can automate 60 to 70 percent of employees’ time, especially in knowledge-based jobs that have high wage payments and education demands.
- There is a growing need for AI-related professional skills in practically all fields of industry.
- The generative AI wave is also heralding an increase in the diversity of roles, with most organizations having their personnel trained and upskilled in artificial intelligence (AI) and machine learning.
- Interest in AI by various policymakers has also increased around the world, as the mention of artificial intelligence in global legislative procedures has risen six-fold since 2016.
- There is a potential for cost reduction through the use of AI in diagnosing healthcare diseases by up to 50% and with health outcome improvement rates at as high as 40 percent.
The research findings underscore the transformative potential of AI. As we delve into the intricacies of this technological wave, it becomes apparent that seizing AI opportunities is not just a choice but a necessity for staying at the forefront of change.
These aspects not only live up to the ideology of innovation and progress but also fulfill what Wadhwani Foundation promotes at the heart of change. At Wadhwani Foundation, we understand how AI is transforming industries, economies, and societies worldwide and aim to support this transition with several initiatives in inovação e pesquisa.
Our current AI offering, GENIEAi, provides a powerful learning platform that transforms the process of education by equipping people to hone relevant skills. It is more than an academic teaching method, offering interactive learning and responding to individual needs in ways that cater to the user’s preferred learning style. With real-world simulations and interactive modules, GENIE AI allows its learners to have informative and entertaining learning experiences that can be adapted as much as needed.
At the same time, our other AI initiative, the Wadhwani Institute for Artificial Intelligence, has been developing and deploying AI solutions to empower disadvantaged groups in emerging economies since mid-2021.
Our key focus lies on:
- Democratized access to AI education, ensuring it is distributed beyond geographic and socio-economic boundaries.
- Making it a path to social upliftment opportunities by focusing on and solving problems that prevail in developing countries through AI solutions.
- The dynamic development of the latest AI solutions ensures all possible options for implementing changes concerning artificial intelligence.
Impact on Various Segments of Life:
Bridging Gaps in Healthcare: Wadhwani AI Initiatives
Wadhwani AI plays a pivotal role in transforming healthcare through innovative AI solutions. Through the strategic utilization of AI, we have been able to:
- Collaborate actively with the Central TB Division (CTD) for interventions in the TB care cascade, making India’s National TB Elimination Program (NTEP) AI-ready.
- Build AI-built cough sound analysis technology, which can be used to identify high-risk COVID-19 patients proactively.
- Increase access to adequate care for mothers and children in the poorest areas, focusing primarily on quality health and strengthening the critical first 1.00 days of life window.
Agriculture:
Within the agricultural industry, AI technology can be deployed to improve crop yield forecasts, manage the use of natural resources more efficiently, and minimize environmental impacts. This will result in sustainable agriculture, guaranteeing food security and fostering ecological balance.
Conclusion: Shaping a Positive AI Future for Everyone
Ultimately, our commitment to AI reflects a dedication to addressing challenges, ensuring inclusivity, and pushing the boundaries of innovation. Our impact across sectors demonstrates that responsibly wielded AI is a force for good. We pool our strengths with those who share similar perspectives on AI – working together to generate effective AI change.
As AI becomes integral, the only smart way forward is to utilize its power for everyone’s good, ensuring a promising path ahead.
