All About AI Appreciation Day 2023: Significance, Theme & Experts’ Comments

The world is ahead in using advanced technology, now we have moved to Artificial Intelligence or AI. Artificial Intelligence refers to a machine having extraordinary intelligence based on algorithms and computer programming that is capable to perform every task that was earlier supposed to be done by humans. AI has the ability to do every work and answer every question instantly and accurately. However, people are still sceptical of its usage as it can replace human capability which is not good for socio-economic factors. Rather, every industry is striving to channelise the optimistic character in order to build & expand their business, skilling people and easing down the work. Efforts have been made to make AI the best companion and assistant for humans.

The advent of AI has been recorded as a revolutionary invention for sure in sci-tech history.  Every year, 16 July is celebrated for the immense contribution of AI to human lives. The theme for AI Appreciation Day this year is, 'trust, ethics, innovation and public good'. 

Following are the few perspectives of industry leaders on AI Appreciation Day where they share their experience of using AI and appreciate its role in growing their businesses. 

 Mayur Datar, Chief Data Scientist at Flipkart

"AI has percolated across businesses and industries. The widespread adoption of AI has spurred businesses to seek ways to bring agility, cost-efficiency, and improve productivity. Flipkart is one of the earliest players to have bet on artificial intelligence. Our focus is on providing value to our customers and sellers through technological innovation. We utilize artificial intelligence (AI) across our business and operations, such as supply chain management, product discovery, recommendations, advertising, cataloguing, fintech, and fraud detection. We apply AI to multiple use cases, including search, recommendations, credit modeling, regional language interfaces, voice capabilities, and address intelligence for optimizing delivery routes and resource allocation.”

Udit Mehrotra, MD and CEO, Spectra

“At Spectra, we acknowledge the remarkable advancements and contributions of Artificial Intelligence (AI) across various industries. We recognize the immense potential AI holds in revolutionizing every aspect of our lives. As technology continues to progress, AI's capabilities will further evolve, making it a true game-changer in every industry. Understanding the pivotal role AI is playing today, we have developed Spectra AI.VIS, our cutting-edge AI-based video analytics solution that seamlessly integrates with existing CCTV infrastructure to automate business operations, monitor and safeguard premises and employees and predict business trends while eliminating manual errors.”

Mukesh Kumar Bansal- CTO of TelioEV- EV Charging Management Solutions provider company

“On AI Appreciation Day, we recognize the extraordinary influence of artificial intelligence (AI) on many commercial entities, including the Electric Vehicle (EV) business. AI acts as a catalyst, simplifying operations, increasing efficiency, and stimulating development. AI liberates employees by automating monotonous jobs, allowing them to focus on sophisticated and imaginative endeavours. AI reduces errors through its accuracy in data processing and decision-making, resulting in increased production and customer satisfaction. Businesses must incorporate AI into their workflows, embracing AI-driven solutions that allow smooth operations and improve decision-making processes.”

Amit Relan, Co- Founder and CEO, mFilterIT - 

"With ChatGPT and BART in the ecosystem, AI has brought a revolutionary change in how businesses work. Not just convenience and speed, AI has rewarded with accuracy, efficiency and accessibility. Beyond the convenience of business, AI has evolved its role from being a work-doer to also the protector of businesses digitally from uncertain brand threats. Using the capabilities of AI, businesses can proactively identify unidentified threats and protect their brand image from their impact."  

Manav Subodh- Managing Director of 1M1B (One Million for One Billion)

“There are two ways in which I think generative AI is going to empower us to strengthen our future economy. In the space of education and skilling, I think AI is going to be revolutionary in its ability to provide a robust system of support for teachers and youths. Especially when it comes to balancing administrative duties such as attendance, assessments, corrections, and making creative assignments. This will allow them to focus more on how to make learning a more exciting and fun process.”

Piyush Goel, Founder & CEO of Beyond Key

"I am continually fascinated by the boundless possibilities AI brings in revolutionizing industries, enhancing human lives, and fostering innovation. Today, we acknowledge the remarkable accomplishments facilitated by this technology, while also emphasizing the significance of ethical and responsible AI development. As we navigate through the AI revolution, let us foster a culture of collaboration, inclusivity, and a steadfast dedication to designing AI systems that prioritize human well-being. Together, we can unlock the true potential of AI to build a brighter and more sustainable future for everyone."  

Atul Rai, Co-founder and CEO, Staqu Technologies 

"On this AI Appreciation Day, we commemorate the extraordinary impact of this remarkable technology, which has already revolutionized numerous lives and possesses immense potential for further advancements. At Staqu Technologies, we take immense pride in being active participants in this transformative journey. However, we recognize that ensuring credibility and factual accuracy is a crucial aspect where AI can improve. We firmly believe that government intervention and the implementation of policies that facilitate easier source tracking of information would be a game changer, fostering credibility and trustworthiness. Together, let us persist in harnessing the power of AI to shape a brighter future for all."

Animesh Samuel, CEO and Co-Founder, E42 

"On this Artificial Intelligence Appreciation Day, E42 proudly recognizes the incredible impact of AI in reshaping the landscape of business. We express our deep appreciation to the brilliant minds and relentless innovators who have propelled the growth of intelligent automation—unlocking new realms of possibilities, optimizing operations, and driving unprecedented efficiency. At E42, we stand committed to empowering enterprises with AI-powered automation that propels them towards success while elevating their human workforce to take up higher-value tasks!”