Artificial Intelligence (AI) is a buzzword these days. Everyone, from students to politicians, is talking about how AI will shape our world in the coming days. Dr Aditya Narvekar, Assistant Professor & Deputy Director, Students Engagement and Enhancement – Bachelor of Data Science, SP Jain School of Global Management, talks about why entrepreneurs need to keep up with the AI revolution in his latest article in Forbes India.
He said, “Just like in the late 90s, when everybody was convinced that the internet was going to change our lives, we in the present world have a broad consensus that AI will do the same (hopefully for the better). Just like entrepreneurs rushed out in the late 90s to build their dot-com firms, entrepreneurs today are just about starting the push the limits of what is possible with AI. Does that mean we are heading for a bubble? I certainly hope so. An AI bubble, just like the dot-com bubble, will lead to a period of experimentation where entrepreneurs will have the resources to push the limits of possible applications.”
Dr Narvekar further elaborates that AI is primarily being used in fields such as computer vision and natural language processing, and there isn’t any tangible mass-market application yet. “When a mass market application comes, and when the grip of a few firms on data loosens, we will see a rush to build the next multi-billion-dollar firm,” he adds. To read the full article, please click here.