Jayesh Sanghvi’s Post

Is Generative AI beginning to deliver on its promise in India? Innovation in Generative AI (GenAI) continued at a frenzied pace in 2024. Many companies in India launched proofs of concept (POCs) while deploying their first GenAI-powered apps into production. Big tech vendors brought their models to India with a range of options for enterprise users. Start-up innovation was rapid across a range of domains, including language, which saw the introduction of a raft of Indic models to cater to our unique needs and culture. We also saw the first graphics processing unit (GPU) clouds ready to offer GPUs on tap to enterprises. However, against this vibrant backdrop, the pace of delivery of value for enterprises is still slow. Problems of hallucination and alignment of LLM responses with enterprise policies are still not fully resolved. Data privacy and data sovereignty concerns prevail and are especially acute in more regulated industries. Also, the cost equation has been quite dynamic for Indian enterprise users of LLM services, slowing down investment decisions. This report probes the value-cost question for GenAI and recommends a two-speed approach. On one hand, companies need to continue rapid experimentation but in a more programmatic and guided fashion. They will have to structure their innovation programs, by moving beyond a slew of shiny POCs to focus on those that can, if successful, really drive full scale functional transformation. The mandate is clear –get POCs out of labs and into useful production deployments. However, in parallel, there is also a lot of heavy lifting to be done to build the enterprise AI platform to support transformation. This platform integrates GenAI approaches with the front-end experience platform, the automation framework, ‘classical AI’ approaches and a modern data stack. Read the full report: https://lnkd.in/gZW-cRAZ #EYIndia #AIdea #GenAI #AI Rohit Pandharkar, Rakesh kaul Punjabi, Vijay Shankar, Santosh Tiwari, Gaurav Goyal, Rajnish Gupta, and Ruchi Chawla

Generative AI in India Report titled *The AIdea of India* (Generative AI’s potential to accelerate India’s digital transformation) by EY India (Pages 104) All the best! #GenerativeAI #DigitalTransformation #EYIndia #AideaofIndia nasscomnasscom SME Connect

Is #Generative #AI beginning to deliver on its promise in #India? This report talks about: 1. The #race for #AI #innovation. 2. Indian #GCCs potential and its’ positioning. 3. Highlights #investor #confidence in India’s AI prowess. 4. #IndiaAI Mission.

Highly recommend this sector-focused deep dive on what it means to drive truly responsible #AI adoption in financial services, hosted by panelists Rani Bhuva, Thomas Hardjono, Jeffrey Saviano, Angela Saverice-Rohan CIPP, JD, and Brian Clark, CFA. You can register for the on-demand webcast below: https://lnkd.in/e5BvFJ_i #financialservices #GenAI

📈 Want to fully harness AI's potential for your business? Here are questions to ask yourself: 1. If AI is revolutionary, how do you use it to turn around your organization? 2. Without data foundations, how can you build fast and effective AI use cases? 3. Where do you start on the journey from PoC to end-to-end transformation? Find all your answers in our easy-to-understand 3in3 guide. Gain AI insights, tackle challenges, and stay a step ahead. ➡️ Download now: https://go.ey.com/3w9Yhkm #AI #BusinessGrowth #AIForBusiness

Change your perspective on Responsible AI. Make AI work and add value for your business is not an easy journey. How to turn around your organization with AI?

Do you already use AI in your finance department? 🤖 Artificial intelligence (AI) is transforming the way finance teams analyze and process data. Our Finance Resourcing Outsourcing (FRO) team approaches the evaluation of AI tools at work with careful consideration, as we do with all finance operate area 😊. To have a useful AI for finance processes our experts who (i) do the accounting day-to-day as well as (ii) the high-level and strategic processes advisory and (iii) AI tech advisory are working shoulder-to-shoulder. The latest use-case we have relates to an AI tool that generates a summary of accounting treatments from multiple sources, leading to reduced manual search by 2-3 hours per question. As a result we expect that 50 finance team members sometimes looking for treatments of ~2 questions per month, could save the time of at least 1 FTE.  And the streamlined process would allow the team to focus on higher-value activities, such as strategic analysis and decision-making. 🔎 Have you considered implementing AI in your financial processes? Who was engaged into the process? Share your experiences… 👉 Learn more about Deloitte tools on how AI can help you here: https://lnkd.in/ebjCFDjR Feel free to ask more specific tech questions from Jan Hejtmánek - Deloitte Central Europe AI expert, enthusiast and ambassador. Deloitte AI Institute - AI Insights | Deloitte US  #AI #Finance #CFO #Automation #Deloitte

Karneeti AI Inshorts Series Inshorts No.31 - How the ICAI CA GPTs is useful in CA Office for Tax Audit? #ArtificialIntelligence #AI #TechInnovation #FutureTech #development #MachineLearning #DeepLearning #AITech #TechTrends #AIApplications #DigitalTransformation #SmartTechnology #Innovation #FutureOfWork

I have a few questions related to this article so anyone who would like to answer then kindly DM me - 1. What steps should the government take to secure jobs while integrating AI? 2. How can companies balance AI adoption with job preservation? 3. How should fiscal policy address job losses due to AI? #Budget2024 #AI #JobSecurity #FutureOfWork #EmergingTechnologies #TechPolicy #Innovation #MachineLearning #DeepTech #Workforce #Automation #EconomicPolicy

Discover how #AI is transforming the future of auditing and taxation! #GEP’s Drew (Dror) Lahav shares practical insights in AI Magazine on applying AI to transform auditing and deliver greater efficiency.