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Deloitte has launched its Global Generative AI Market Incubator to promote innovation in generative AI and serve businesses in India and across the globe. With the generative AI boom leading to its soaring global demand, it is a significant step towards nurturing tech innovation and talent in India and enabling enterprises to achieve their business objectives.
The AI incubator will leverage the in-depth sector knowledge and AI/ML expertise of its professionals, including data scientists and engineers. These professionals work through a multi-disciplinary model built on design thinking to ensure speed, faster time to market, and immediate value generation in critical projects.
The Global Generative AI Market Incubator initiative is aimed at propelling Deloitte India onto the global stage, ushering in new growth opportunities and cross-functional learning for professionals. It reinforces the organization’s focus and commitment to investment in India to shape the future of technology. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. Deloitte provides audit, consulting, financial advisory, risk advisory, tax, and related services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries and territories.
“Our focus is to harness generative AI’s disruptive potential in partnership with our key alliances by leveraging our targeted industry solutions that help clients realize sustainable business outcomes and achieve real transformations,” said Nitin Mittal, Deloitte Global Consulting Emerging Markets Leader commemorating the launch.
“To catalyze the market, we are collaborating with premier academic institutions and industry bodies and rapidly scaling trained generative AI talent pool across skills. This will nurture local tech talent and provide them more opportunities to serve global clients from India on these fast-evolving technologies,” he added.
Deloitte US India opened three new offices in Pune, Chennai, and Kolkata in May this year to meet the growing demand for India’s skilled workforce among global organizations for high-end work in various areas such as artificial intelligence, data analytics, cybersecurity, cloud, human capital, assurance, tax, valuations, and mergers and acquisitions. Deloitte US India said that there are increasing opportunities in business services exports from the country.
At present, Deloitte has active global engagements in the areas of drug discovery, customer experience, content generation, and personal avatars marking over 100 corporations in the past six months. These engagements demonstrate the increasing relevance of generative AI.
The launch of the Global Generative AI Market Incubator by Deloitte also aligns with the Indian government’s overall agenda of nurturing tech talent and AI-driven opportunities.
Sathish Gopalaiah, President, Consulting at Deloitte India, said, “As pioneers, we are creating industry-leading capabilities while helping customers navigate emerging challenges and disruptions. Through this initiative, we aim to resolve unique industry cases by providing the right strategy and drawing on the strengths of our collaboration with alliance partners. We officially launched the Gen AI practice in June this year. This launch shall further accelerate Gen AI deployments and bring global best practices.”