Saturday, June 15, 2024

Panel Discussion: Assessment of Opportunities For Skills Development in AI/ML Electronics Hardware Sector

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  • Hosted by Electronics Sector Skills Council of India, the discussion also unveiled a report titled AI/ML in electronics hardware
  • This report highlights that the AI industry is set to grow to USD 482.8 billion by 2025
  • AI hardware industry spending is likely to double every year till 2025 to reach USD 54.6 billion
  • The report pointed out that while the AI industry will leverage India’s existing software capabilities, but hardware expertise is an emerging opportunity

AI, ML, and Data Sciences have become what IT and ITES industry were in the 1980s. The scope of opportunities is humongous. Just like the IT and ITES industry, these can dominate almost every aspect of growth and business in the coming times. However, AI hardware is in its nascent stage since semiconductor chip development has a limited presence in India.

Discussing the same, and also the opportunities and challenges, in the AI and ML hardware electronics, a panel moderated by Poornima Shenoy, CEO, Hummingbird Advisors shed light on to tap the opportunities and the way ahead. This panel discussion was hosted by the Electronics Sector Skills Council of India (ESSCI).

Esteemed panelists included NK Mohapatra, CEO, ESSCI; Ashok Mishra, VP, ASIC BU, ALTEN Calsoft Labs; Bharat Daga, Principal Engineer &Director of Engineering, Intel Corporation, and Sathya Prasad, Director, Center for Innovation & Entrepreneurship (CIE), PES University. The panel discussions included AI & ML electronics hardware from the startup and entrepreneurial perspective, deep-tech angle, formal education perspective, and skilling & upskilling angle.

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Dr. BK Murthy, senior director and group coordinator R&D in IT and Digital India Corporation, MeitY was the chief guest and keynote speaker at the online event. Niju Vijayam, executive director, Avanteum Advisors LLP presented the report and was also a speaker at the event.

Questions answered

1. What are the challenges in the AI & ML electronics hardware vertical?
2. What are the opportunities in the AI & ML electronics hardware vertical?
3. What role can corporates, startups, government, and Academia can play in tapping these opportunities?
4. How big are AI and ML in electronics hardware?
5. What is the market size in India and what are the key drivers?
6. Does AI and ML electronics hardware have any opportunities for entrepreneurs?
7. How can Academia prepare students for the opportunities?
8. Who all can be the catalyst for increase AI hardware implementation?
9. How are the investments in the technology and skills sectors shaping up?
10. What’s the road ahead?

“In the early 1980s, there was a lot of promise from IT and ITES verticals. These promises have been delivered. Almost similar scales of promises are being promised by the AI, ML, and similar technologies now. Just like IT and ITES verticals in India have made their presence felt globally, we expect that AI and other emerging technologies will do the same. Now is the time we should start focusing more on AI. Even hardware engineers should start learning AI. Remember that the clients now expect a complete ecosystem of hardware, software, and emerging technologies,” noted Dr. BK Murthy in the keynote.


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