AI start-up ecosystem spurts as tech adoption surges

With Artificial Intelligence and Machine Learning emerging as the next big thing in the technology landscape, India is seeing a huge spurt in the number of start-ups coming up with innovative software solutions in this area.

While Nasscom said there has been a 50 per cent CAGR in the Artificial Intelligence start-up ecosystem between 2013-2018, a recent report by International Data Corporation estimated a potential growth of 17 per cent in the analytics and Artificial Intelligence industry by the end of 2019 in India.

“The reasons behind the growth are increasing volumes of data generation at the enterprise level, digital transformation initiatives from top level executives and organisational investments in analytical tools powered by Artificial Intelligence and Machine Learning,” said Mohsin Baig, Market Analyst, Enterprise Software, IDC India.