Despite India being among the top
15 countries in terms of AI study, the technology news today suggests
that it lacks way behind in the competition. Why?
The growth of Artificial
Intelligence over India has maintained pace with the global expansion of the
technology. Tech Startup News
suggests that while distinct nations such as China and the US have centered
their energies on seizing as large a business share of Artificial Intelligence
as possible, India startups have focused on becoming an experimental space to
explore the potential applications of artificial intelligence and machine
learning.
A survey by
Finnish AI-based solutions specialists Zyfra suggests that India is among the
top 15 countries in terms of AI study. Another research says
that India leads in the number of engineering and science graduates. Yet the Technology News Today is that the
country provides very basic and lower-end services, acting as big obstruction
in AI Startups Growth. Why is that?
Technology News Today is mostly filled with the hype of AI. It's everywhere and so is the publicity
around it. Deficiency of substance with teams, struggle in understanding the
concept and its evaluation, lack of talent, lack of entrepreneurial experience,
competition from other AI startups, the list of obstructions is never-ending.
The absence of a software development ecosystem for AI and regulations around
it makes it difficult for entrepreneurs to launch their desired products in the
market.
Above all, for investors in AI startups, their ultimate
goal is to provide their consumers with something that is relevant to their
needs. Thus, the focus is less on building the actual technology and more on
the ability to run the business and profit-making.
Scaling up a startup is a tricky task. Not every person can
crack the code and build the right product for the very first time. It requires
the right recipe, an appropriate workforce, and a skilled mentor to attain the
desired result.
