Generative AI is viewed as a disruptive technology that can enhance productivity and customer experience, particularly in sales, marketing, and customer support, with future growth expected in software engineering.
Indian companies are currently behind in adopting generative AI, but the potential for revenue growth exists through scaling up programs and establishing essential AI infrastructure.
Gen AI utilizes deep learning and neural networks to generate original outputs, with various tech giants like Google and Facebook actively developing their versions beyond OpenAI's ChatGPT.
India's AI market growth, estimated at 25-35% CAGR, is projected to reach $17 billion by 2027, presenting opportunities for niche Indian companies to play a significant role.
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