ilmscore | How is AI changing companies in 2024? ft Varun Dua & Mukesh Bansal | Ab India Karega Groww

Predictions from this Video

Total: 4
Correct: 2
Incorrect: 2
Pending: 0
Prediction
Topic
Status
AI is transforming business processes and speeding things up, but widespread transformation will not be immediate. The next 12-18 months may see a slowdown as reality catches up to AI hype.
"I think U when it comes to businesses transforming business processes just speeding things up dramatically eliminating lot of redundant low quality work I think that is pretty much here and now we should see I think lot of transformation but probably not in a hurry I also think next 12 to 18 months are probably going to be very slow because it say you know that hype has overtaken the reality so now the reality needs to catch up to the hype and some people will disillusion for a while"
AI Adoption
Correct
Within one to two years, companies will evolve to use AI as a collaborator, akin to an employee.
"I do foresee that in maybe a year or two there will be a lot of companies that will evolve to actually using that that's what I meant by a collaborator will have that you imagine that as an employee"
AI as a Collaborator
Correct
Some companies will cease to exist because a single AI entity can perform all their functions.
"I think some companies I think will just cease to exist just because that one thing can do everything that company does 2 three hours"
Company Disruption by AI
Incorrect
India may become too dependent on Western foundational AI technology. The country is not yet investing heavily in large-scale, high-risk AI bets, preferring incremental innovation. A change is hoped for in the next 12-24 months.
"I hope it changes next 12 to 24 months but right now I'm not seeing I think we are again you know one more cycle of getting too dependent on all this foundational technology from the West I don't think we still dream big you know as as a as a country if I can just take the argument somewhere else we are much happier with incremental Innovation versus saying okay I'm going to bet the farm I'm going to bet something like a couple of billion dollars on some new technology because I can see it happening"
India's AI Investment Strategy
Incorrect