The report said automation is driving intrinsic growth in every sector of the Indian economy and is influencing every activity of the workforce by creating higher skilled jobs, resulting in more opportunities for workers and higher economic output.
India has set a target to become a $5 trillion economy by 2025 but skeptics have raised questions over it given the current slowdown. But as per a report released at IAMAI India Digital Summit today, India can achieve the target by using automation technologies such as, artificial intelligence, natural language processing and machine learning that will drive increased efficiencies and new jobs resulting in economic growth in the next few years.
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The study conducted by Automation Anywhere and Ernst and Young (EY), said automation is driving efficiencies for enterprises, resulting in dramatic productivity gains in the back office and enhanced customer experiences in the front office. In fact, the study said India will experience a significant boost to its economy to reach US $5 trillion by as early as 2024.
Source: Financial Express
