It’s a technology round. The effect of technology is also on the economy. 
The global economy is currently turning into ‘Digital economy’. China, America, Korea and many countries are achieving tremendous achievements in Artificial Intelligence (AI) research. India is not far behind. India also has its strong strategy to take advantage of AI revolution. The good thing is that in the digital space the Government of India is trying to develop state-of-the-art technology. The Union Budget 2018 also focused on technology. Finance Minister Arun Jaitley promotes future technology such as Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IOT) and 3D Printing etc. Accelerate and change cost capabilities and BFSI (banking, These services will play a big role in increasing the revenue of finance service and insurance.
Why India needs a strategic AI Vision and how different areas can be benefitted from AI’s ability?
Telecom
AI technology will play a big role in the telecom sector. Integration of technology, such as Virtualization and SDN-NFV (Software Defining Networking – Network Function Virtualization) will prove to be important, as well as help in the automatic network. Subscriber profiling for telecom operators, content users, trends and network activity will prove to be helpful in providing a large number of opportunities. While using AI, data analysts can also help in finding and identifying ways to provide different services to customers at the right time. As in the case of pre-paid customers, operators can notify subscribers with the help of AI on low data. In order to promote the financially stable telecom industry, the government has set up 10, By providing an amount of Rs 1,000 crore, the industry has contributed. India’s telecom department will also help in setting up of ‘Swadeshi 5G Test Bed’ in the Indian Institute of Technology in Chennai. Rather than focusing on the low-end spectrum, this startup will prove to be helpful in providing high-speed network service. In this period, companies will be more dependent on data and machine learning to increase patterns and network and increase their business.
In the case of Financial Technologies AI Technology, we are going to enter Golden Age of AI. Fin-Tech (Financial Technology) will be presented as a witness to the effects of digital revolutions on various levels. All solutions like chatbots, machine learning, blockchan and mobile apps will improve the fin-tech firm for easy and fast financial transactions. In FIN-Tech i.e. Financial Sector, AI is either being used as a facility technology as part of the regulatory system or for the development of Bitcoin Management in case of BlockChan Technology. AI Technology will be able to detect all the problems in the fin-tech industry, such as monitoring data entry jobs and reducing risk of fraudulent activities.
Job market
Most predictions about job market also include emerging technologies such as AI, automation and machine learning. If we Believe in the recruitment industry sources, people with strong background in large data and analytics will be in demand for all companies of this sector. However, it is also discussed that due to AI technology, jobs can be reduced. Industry experts say that AI will bring revolution in this area and effective changes will be seen in easing the Task. This will improve the system. There will be many changes in current and future work conditions. According to the industry report, 1.8 million to 2 lakh jobs can be added in the Indian IT industry in 2018. For strong focus on Digital India, 50 percent more workforce will be needed in the industry. In this case, AI Technology alone is world-class 2 by 2020. Will replace 3 million jobs. According to the report, in 2018, one company out of five companies will use AI It will be helpful in giving companies the right solutions and instructions for employees in real time.
