Impact of Artificial Intelligence on the Economy.pptx

It is prepared based on how AI is influencing global economy, particularly its impact on Indian Economy.

1. IMPACT OF ARTIFICIAL INTELLIGENCE ON THE ECONOMY A Global Perspective with a Focus on India SAFNA P B

2. Introduction to AI Definition of AI : AI refers to the simulation of human intelligence in machines that are programmed to think and learn. Purpose : This presentation explores AI's impact on the global economy and delves into its specific effects on India's economy.

3. GLOBAL ECONOMIC IMPACT OF AI

4. Diagnostics Personalized Medicine Operational Efficiency Drug Discovery Robotics Predictive Maintenance Quality Control Supply Chain Optimization HEALTH CARE MANUFACTURING

5. Automated Trading Fraud Detection Customer Service Risk Management Personalized Shopping Inventory Management Customer Insights Automated Checkouts FINANCE RETAIL

6. Statistics The AI market is expected to grow to $190 billion by 2025 , indicating substantial economic impact.

7. Increased productivity due to automation. Significant cost savings for businesses. Accelerated innovation across sectors Benefits

8. AI and the Job Market Dynamics Job Creation vs. Job Displacemen t : Job creation in AI research, development, and maintenance. Automation of routine jobs , leading to displacement of certain roles.

9. Skills Demand : Growing need for AI-related skills Upskilling and reskilling initiatives

10. AI in Developed vs. Developing Economies

11. Infrastructure Investment Skill development disparities Challenges : Developing countries may struggle with

12. AI Adoption in India Government initiatives : Digital India AI for All Agriculture Healthcare Education Finance Key Sectors :

13. Market Statistics : Investment trends AI startups growth

14. Economic Impact of AI in India Employment Impact: GDP Growth : Job creation in tech sectors Impact on traditional jobs Contribution of AI to India's GDP Future projections.

15. Government Policies and Initiatives in India National AI Strategy: Key Programs: Collaborations: NITI Aayog's AI strategy AI for All National AI Portal Public-private partnerships International collaborations

16. Skill gap Data privacy concerns Infrastructure limitations Challenges:

17. Youth population Growing tech industry Potential to be a global AI hub Opportunities:

18. Conclusion Summary of Key Points: Global economic impact of AI. Specific impact on India's economy. Future Outlook: Continued AI growth and innovation. Strategic importance of AI for economic development.

19. THANK YOU !