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Artificial Intelligence has the potential to increase India’s annual growth

Artificial Intelligence (AI) could add $957 billion to the Indian economy and AI needs to realise its full potential, India needs to develop a long-term vision and action plan that unites the ecosystem

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AI has the potential to increase India's annual growth.
AI has the potential to increase India's annual growth. pixabay
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  • AI has the potential too increase India’s annul growth rate
  • For the above to happen India needs to develop a long-term vision and action plan
  • The economic boost will be driven by innovative AI technologies

Bengaluru, Dec 21, 2017: Artificial Intelligence (AI) could add $957 billion to the Indian economy by changing the nature of work to create better outcomes for businesses and society, a new Accenture report said on Thursday.

AI has the potential to increase India’s annual growth rate of gross value added (GVA) by 1.3 percentage points, lifting the country’s income by 15 percent in 2035, said the report titled “‘Rewire for Growth”.

“The time to act is now. With the right investments, AI can create a flywheel effect ‘liberating’ people to create long term economic and societal value,” said Rekha M Menon, Senior Managing Director and Chairman, Accenture India.

For AI to realise its full potential, India needs to develop a long-term vision and action plan that unites the ecosystem, and addresses technical and ethical questions as they arise.

“Increase spending on core AI research, facilitate ecosystem collaboration for innovation, and create opportunities for smaller players,” the report added.

Investing in building multidisciplinary and STEAM (science, technology, engineering, arts and mathematics) demanded by AI will be the key, it said.

“The economic boost will be driven by innovative AI technologies that enable people to make more efficient use of their time and do what humans do best — create, imagine and innovate new things,” Menon added.

Big businesses will play a key role in unlocking the economic value of AI, with more than 88 per cent of businesses in India surveyed by Accenture earlier expecting to make moderate-to-extensive investments in one or more AI-related technologies over the next three years.

In addition, digital platform companies can play a key role in driving AI innovations in India, in line with the global trends. (IANS)

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Chinese Smartphone Company Motorola Brings its First Android One Smartphone to India

The smartphone has 16MP+5MP dual rear camera system along with a 12MP front camera

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Motorola's first Android One smartphone now in India. (Wikimedia Commons)

Chinese smartphone company Lenovo-Motorola on Monday launched its first Android One device “Motorola One Power” in India for Rs 15,999.

Android One means the device will have the latest Android version and regular security updates. The device with Android Oreo 8.1 OS comes with 6.2 inch 19:9 Max Vision Full HD+ display.

The device will be available from October 5 on Flipkart.

“The Indian market will be a key focus for us in our value portfolio (Rs 10,000-Rs 20,000),” Prashanth Mani, Managing Director, Motorola Mobility India, told reporters here.

“With this device, stay powered longer with up to two days of battery life so you can watch your favourite movie while travelling and get up to six hours of battery life in just 15 minutes with the included ‘TurboPower’ charge,” the company added.

Motorola
Representational image. (IANS)

There’s a Qualcomm Snapdragon 636 1.8GHz octa-core processor coupled with 4GB RAM and 64GB built-in storage that can be expanded up to 256GB.

The smartphone has 16MP+5MP dual rear camera system along with a 12MP front camera.

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The primary camera comes with integrated Google Lens that helps in recognising and searching about the objects that users come across.

Jio customers can get benefits up to Rs 4,450 (applicable on Rs 198 and Rs 299 plans) while purchasing the device. (IANS)

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