EY Announces the Launch of Its First Artificial Intelligence Center in India
EY announced its plans to step
in the field of artificial intelligence and enhance its suite of automation by
opening its first AI center
in India
India: The AI center will help EY, a multinational professional services
firm headquartered in London, United Kingdom to meet its purpose of
“building a better working world”, by assisting businesses to become more
innovative and reach its maximum potential by capitalising on emerging
technologies in order to operate more efficiently, manage risk and inspire
confidence.
Milan Sheth, Partner –
Advisory Services and Technology Sector Leader, EY India, said, “The Center
will help organisations find new ways to deploy new technologies across a range
of functions in their business environment and build a more digital workforce
of the future.”
According to Sheth,
“artificial intelligence is already being deployed across industries such as
automotive, telecom and technology. The launch of the AI Center, he says, aims
to lead the next step of this transformation journey by helping enterprises
combine AI’s autonomous reasoning with systemized learning opportunities.”
TechSci Research depicts that
the adoption of artificial intelligence in India would open doors to new ways
of innovation, consequentially, with the growth in the technology sector and
increasing usage of IOT coupled with the robust pace of innovations by the
large & medium enterprises would propel the global market for artificial
intelligence during the forecast period.
According to a report
published by TechSci Research, “Global
Artificial Intelligence Market By
Application, By End User, By Region, Competition Forecast & Opportunities,
2012 – 2022”, the
global market of artificial intelligence is anticipated to grow at a CAGR of
over 60% during 2017 – 2022. On the basis of application, global artificial
intelligence market has been broadly segmented into image recognition, natural
language processing, speech recognition, gesture control & others. Among
these categories, image recognition dominated global artificial intelligence
market in 2016, and the segment is expected to maintain its dominance over the
next five years as well.