AI Appreciation Day 2024: Experts Go Gaga Over Its Brilliance

AI's contributions are vast and varied, touching almost every aspect of our lives. Its ability to process information, learn from data and adapt to new situations enables it to solve complex problems, improve efficiency, and enhance human capabilities. As AI continues to evolve, its potential to drive innovation and improve quality of life remains immense. The appreciation for AI lies not only in its current applications but also in its future possibilities, promising a world of greater convenience, creativity, and understanding.

Industry experts recognise AI's transformative impact, in light of ‘AI Appreciation Day’ today.

Sachin Panicker, Chief AI Officer, Fulcrum Digital

"AI is not just a technological advancement; it's a transformative force reshaping enterprises and economies, especially in India. By streamlining processes and enhancing decision-making, AI is unlocking new opportunities and driving growth across industries. For Indian enterprises, regardless of the size of operations, AI is a game-changer, enabling them to expand their reach, improve customer relationships, and compete on a global scale. MSMEs have an added benefit as AI empowers them to operate more efficiently and strategically, overcoming resource limitations and enhancing their competitiveness.

Beyond business, AI stands as a great equaliser, providing access to vital information and resources, thus levelling the playing field for all. As we celebrate AI Appreciation Day, let's recognise the profound impact AI is having on the Indian economy and its promise to uplift humanity, driving us towards a more equitable and prosperous future."

Vasanthi Ramesh, VP – Engineering, NetApp India 

"For Indian enterprises, the adoption of AI in the past year has been particularly transformative. According to NetApp’s 2024 Cloud Complexity Report, nearly 70 per cent of businesses in India are already leveraging AI to gain competitive advantages. With this trend of AI adoption comes the massive undertaking of efficient, adaptable, and secure data management. As businesses strive to harness the power of their data to drive innovation and operational efficiency, Intelligent Data Infrastructure (IDI) becomes indispensable. With the right data infrastructure, Indian companies can unlock significant value from their data, accelerating growth and staying ahead in the global market. 

AI, along with IDI, is enabling Indian enterprises to streamline their data processes, reduce costs, and enhance decision-making capabilities. This not only drives productivity and innovation but also strengthens India's standing in AI adoption globally. 

On AI Appreciation Day, we recognise that as AI continues to reshape the business landscape, Indian enterprises are set to flourish, leveraging cutting-edge IDI solutions to drive the economy forward.”

Neelesh Kripalani, Chief Technology Officer, Clover Infotech

“On AI Appreciation Day, we recognise the transformative power of artificial intelligence in revolutionising enterprise operations and enhancing customer experiences. As the CTO of an IT solutions company, I have witnessed how AI acts as a catalyst for innovation and efficiency. By leveraging AI, including the advanced capabilities of Generative AI (GenAI), enterprises can access real-time insights, thereby enhancing decision-making, personalising the customer journey, improving data security, and offering real value to stakeholders. As we look to the future, the potential of AI to drive unprecedented growth and redefine industry standards is boundless. Our commitment is to stay at the forefront of this technological evolution, guide our clients to harness AI's full potential and shape a smarter, more connected world."

Deekshith Marla, Co-founder, Arya.ai 

“Artificial intelligence is reshaping the financial services landscape with its transformative skills. AI isn't just a tool anymore; it's a catalyst for innovation that's revolutionising how we approach banking and fintech. Joining hands with Aurionpro Solutions is allowing us to witness how AI can enhance operational efficiency, strengthen fraud detection, and deliver personalised customer experiences for the banking and fintech space. Our AI-driven solutions are enabling financial institutions to make more accurate decisions, automate complex processes, and stay ahead in regulatory compliance. As we look to the future, we're excited about AI's potential to further democratise financial services, making them more accessible, secure, and tailored to individual needs. AI Appreciation Day reminds us that we're not just developing technology – we're shaping the future of finance.”

Soumya Sehgal Bhutani

BW Reporters Soumya is the Senior Editorial Lead at BW Marketing World. She extensively writes on the Indian media, marketing and advertising ecosystem in India.