Undoubtedly the global AI market is expanding rapidly and being projected to touch a figure of $407 billion by 2027. The annual rise is 36.2% starting and it surely reflects increasing influence of the new tech tool across various industries.
More than a quarter of investments were made in AI-focused startups last year in the United States and this signals the growing significance of the sector. It is learned that the AI industry may surpass $1.3 trillion by 2030. This means the sector has pervasive impact on businesses.
The AI sector in Indian startup landscape too is undergoing significant transformation. Three are over 128,000 DPIIT registered startups and 115 unicorn companies in the country. These are collectively valued at over $350 billion.
The focus of Indian startups is no more about just generating revenue. It is now more than it. It is to achieve sustainable profitability and largely driven by advancements in AI.
AI is significantly reshaping India’s competitive landscape. Startups are lately integrating AI coaching and digital clones. These are gaining substantial advantages. The AI tools are offering scalable learning experiences equipped with tailored feedback as well as enhanced productivity.
The AI coaching and digital cloning are new concepts in the country. The two are emerging as essential components for the future success of startups.
Moreover, AI is simultaneously playing important role in transforming leadership development. AI-driven coaching tools are democratizing leadership training as these are accessible to managers at all levels of organizations.
The tools offer real-time feedback and personalized learning experiences. The tools are also tailored to individual needs. The tools simultaneously enhance strategic planning, decision-making as well as day-to-day management skills among leaders.
Apart from all these, it is also to take a note that AI coaching is more affordable and accessible than traditional coaching methods. It benefits a wider range of professionals within organizations.
