No longer AI is associated with science fiction. It has registered its presence in business operations and at homes. Though it has been adopted in business recently, as a concept it emerged as early as 1956. It took decades to develop the concept and make it a technical reality.

AI is now treated as a supplement to human intelligence and not as something that supplants human intelligence. It facilitates decision making, and hence is useful in a wide range of industries.

Ai is capable of analysing and assessing massive volumes of data. It can be used to simulate the potential repercussions of each action.

Between 2022 and 2030, AI will be growing at a CAGR of 38 per cent. The global AI industry is estimated to reach $1600 billion by 2030, and in India to reach $8 billion by 2025.