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How GenAI Adoption Is Set To Change The Course Of Indian Healthcare
Inc42
·
1y ago
Medial
The adoption of GenAI (General Artificial Intelligence) in the Indian healthcare industry is still in its early stages, with chatbots being the most common use case. However, Indian startups are increasingly exploring opportunities to leverage GenAI in various areas such as patient communication, clinical documentation, remote monitoring, medical imaging interpretation, and analytics. The potential of GenAI to enhance disease diagnosis and personalized treatment plans is being recognized, with Max Healthcare already using AI-powered tools in its radiology and imaging department. However, ethical concerns, data privacy, bias, and infrastructure limitations need to be addressed for the widespread adoption of GenAI in healthcare.
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GenAI Is Redefining Business Paradigms, But Will The Scale Of Change Gobble Up ROI?
Inc42
·
1y ago
Medial
Inc42 and Google Cloud hosted a roundtable in Bengaluru to discuss the adoption of generative AI (GenAI) in businesses. The session covered topics such as practical applications of GenAI and the ROI challenges associated with its adoption. Startup leaders from various sectors including ecommerce, deeptech, agritech, and fintech participated in the event. The discussion revolved around how GenAI can be an enabler for products and services, how it aligns with technology-driven business environments, and the potential benefits and costs of implementing GenAI initiatives. Business leaders emphasized the need to track real benefits and manage costs effectively.
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The Enterprise Opportunity: SaaS Startups, India’s IT Giants Riding The GenAI Wave
Inc42
·
1y ago
Medial
Indian IT services companies like TCS, Wipro, and Infosys are embracing GenAI capabilities for various internal and external use cases. These companies are initially using GenAI to optimize operations, but the ultimate goal is to provide GenAI-based solutions to customers. India's digital product startups have been built on the legacy established by IT services giants, making the GenAI revolution significant for the Indian enterprise landscape. Adoption of GenAI is cautious, with companies primarily focusing on streamlining operations and improving customer and employee experience. However, the potential for GenAI to transform large enterprises is immense, and its adoption is expected to increase in the coming years.
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Eye on GenAI, Indian IT companies seek opportunities to build and expand
Economic Times
·
1y ago
Medial
Indian IT firms like Tech Mahindra and Wipro are looking to expand their presence in the artificial intelligence (AI) segment, with a focus on genAI-based services. These companies have been investing in AI technology internally and in client offerings, and expect generative AI to be a game-changing agent across industries like manufacturing, healthcare, and retail. The adoption of genAI is expected to improve productivity and create more efficient processes, products, and customer experiences. Indian firms also anticipate the impact of regulatory environment and are investing in upskilling their employees in AI.
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Strong client interest on GenAI; don't foresee layoffs within Infosys from new-age tech: CEO Salil Parekh
YourStory
·
11m ago
Medial
Infosys CEO, Salil Parekh, revealed that there is strong interest from clients in generative AI (GenAI) and that the company is heavily focusing on its adoption. He compared the adoption of GenAI to the previous adoption curves of digital and cloud technologies, stating that as enterprises experience the benefits and outcomes of GenAI, its adoption will increase over time. Parekh also emphasized that Infosys does not foresee any layoffs associated with these technologies and that GenAI is expected to drive business growth.
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From Rewriting Business Processes To Customer Support: How Fintech Startups & Banks Are Riding The GenAI Wave
Inc42
·
1y ago
Medial
A recent report suggests that a large number of Indian financial services players have either already started leveraging AI or have plans to pilot it over the next 12 months. GenAI adoption is also expected to see near-term hurdles such as hallucination, biased decision-making, data-privacy-related risks, and regulatory scrutiny. Fintechs are disrupting the traditional model by leveraging cutting-edge technologies such as GenAI, data analytics, and machine learning to personalize financial experiences. The increasing adoption of GenAI is expected to push growth in the fintech ecosystem, as cost is reduced and user experience is enhanced.
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The GenAI Advantage: How GenAI Can Help Startups Reshape Data Strategies
Inc42
·
1y ago
Medial
The article highlights the growing popularity and potential of generative AI (GenAI) in various industries, particularly in the startup ecosystem. It discusses the use cases of GenAI across sectors, emphasizing its role in streamlining operations and improving data strategies for startups. The article also touches upon the concerns regarding job replacement due to the adoption of GenAI and features insights from leaders of startups in sectors like logistics and lending tech on how they have utilized GenAI to enhance their data strategies. It concludes by recommending a roundtable discussion on the topic.
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India’s GenAI Boom — What Are VCs Looking For?
Inc42
·
1y ago
Medial
GenAI startups in India have raised over $580 million between 2019 and 2023, attracting interest from venture capitalists. There is a focus on startups developing GenAI-based applications and models for specific sectors like healthcare and fintech. However, investing in startups building foundational models is viewed as more capital-intensive. The application layer that utilizes existing large language models (LLMs) for various use cases is attracting the most attention from investors. The emergence of startups developing small language models (SLMs) could potentially change the GenAI landscape. Investors are also looking at startups enabling the GenAI ecosystem and those focusing on industry-specific and enterprise-specific models.
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India leads in GenAI adoption, investment trends likely to rise in coming years: report
Economic Times
·
1y ago
Medial
India is leading the global adoption of Generative AI (GenAI) technologies, with 81% of Indian organizations implementing GenAI, according to a report by search analytics firm Elastic. The report surveyed 3,200 IT decision-makers and influencers across the US, Europe, and Asia-Pacific, with 300 from India. It also revealed that 94% of respondents expect increased investments and budget allocations towards GenAI initiatives in the next 2-3 years. However, 99% of respondents expressed concerns about processing and using their data, emphasizing the need for organizations to work with GenAI providers who prioritize data security.
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India ranks first in adoption of GenAI across Asia Pacific: Deloitte survey
Economic Times
·
1y ago
Medial
India is leading the adoption of generative artificial intelligence (GenAI) in the Asia Pacific region, with 93% of students and 83% of employees actively engaging with the technology, according to a Deloitte report. The report highlights the role of tech-savvy, young employees in driving GenAI adoption and the potential impact on work hours, skill development, and productivity. However, the report also notes that many businesses are falling behind on GenAI adoption, leading to a need for adaptation and proactive engagement with the technology.
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ESKEYN Ventures founder pledges $9.6 million to IIT Hyderabad’s healthcare tech biz incubator
Economic Times
·
1y ago
Medial
Sushant Kumar, founder of Tanushree Foundation and ESKEYN Ventures, has committed $9.6 million to the Center for Healthcare Entrepreneurship (CfHE) at IIT Hyderabad. The funding aims to support the expansion of innovation in healthcare technologies and promote the indigenisation of healthcare technology. The CfHE acts as a healthcare technology business incubator with the goal of accelerating the development and adoption of breakthrough healthcare solutions. This investment will help nurture aspiring healthcare entrepreneurs, providing them with resources, mentorship, and networking opportunities. The pledge reflects a commitment to driving positive change through innovation and entrepreneurship in healthcare.
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