IEEE, the world’s largest technical professional organization dedicated to advancing technology for humanity, today concluded its virtual roundtable focused on how immersive technologies like Robotics & AI will be the driving force in India. With the post-pandemic scenario dawning upon us, IEEE curated a roundtable to discuss how these cutting-edge technologies are crucial for businesses, associations and societies to establish a strong foundation in these rapidly changing environments.
During the last decade, the evolution of robotic capabilities was exponential. According to the International Robotic Federation (IRF) report, India has moved up one position to now feature among the top 10 countries with the most annual installations of robots in industries.
The roundtable also highlighted how AI is opening new fronts in Healthcare and is fueling predictive and prescriptive analytics to help increase efficiencies across sectors. A recent IDC study revealed that India's AI spending will grow at 30.8% CAGR to nearly ₹6,490.6 cr in 2023.
As the pandemic has influenced the direction of latest trends in all technology applications, it has become mandatory to maintain the new world order in every aspect of development. The COVID-19 outbreak has taught the world a number of lessons, one of the important one is to use technological innovation in its full potential. The IEEE members underlined the need to invest in new digital infrastructure, vital projects and innovate for a better tomorrow.
Bengaluru, October 29, 2020
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