Praxis Global Alliance has unveiled its latest report titled “AI and DeepTech Transformation – Point of View,” shedding light on the transformative potential and extensive impact of AI and DeepTech across various sectors and regions.
1. Transformative Potential:
- Next-Generation Solutions: AI and DeepTech are at the forefront of a new technological era, promising revolutionary solutions for global challenges.
- Industry Revolution: These technologies are set to enhance processes, products, and services across diverse industries, driving significant improvements and innovation.
2. Investment and Market Opportunities:
- Global Valuation: The global valuation of AI and DeepTech ventures stands at an impressive $468 billion, highlighting strong market traction.
- Investor Exits: The number of investor exits from AI and DeepTech unicorns has surged nearly sixfold from 2018 to 2022, indicating robust market activity and potential for high returns on investment.
3. Diverse Applications:
- Sector Transformation: AI and DeepTech are poised to transform sectors including agriculture, healthcare, automotive, logistics, consumer goods, and pharmaceuticals.
- Innovative Uses: Applications range from improving healthcare personalization and optimizing supply chains to enhancing product design and manufacturing processes.
4. India’s Growing Ecosystem:
- Emerging Ventures: India’s AI and DeepTech landscape is rapidly expanding, mirroring the early stages of the e-commerce boom.
- Government and Academic Support: Government initiatives and collaborations with academic institutions are crucial in fostering the growth of AI and DeepTech startups in India.
5. Academic Contributions:
- Institutional Partnerships: Collaborations between academic institutions like IITs and IIMs and AI/DeepTech startups are driving the commercialization and real-world application of research.
- Incubation and Mentorship: These institutions provide essential resources and guidance through incubation centers and mentorship programs, helping transform innovative ideas into market-ready solutions.
6. Sustainability and Climate Solutions:
- Addressing Climate Change: AI and DeepTech offer rapid and transformative solutions for climate change, such as advanced materials for sustainable practices and AI for climate modeling and prediction.
7. Global Impact and Space Exploration:
- Beyond Earth: Innovations in AI and DeepTech extend to space exploration, offering cost-effective solutions and addressing challenges like space debris management.
These highlights underscore the extensive potential and ongoing impact of AI and DeepTech across various sectors and regions, particularly in fostering innovation, driving market growth, and addressing global challenges. The report emphasizes the role of AI and DeepTech in shaping a sustainable and technologically advanced future.
