Global brokerage firm Macquarie says some Indian companies are in a position to benefit from the rapid growth of artificial intelligence.
Macquarie believes that as artificial intelligence continues to change industries certain Indian stocks could be big winners in this changing landscape.
According to the report
- IT service companies
- Digital transformation businesses
- computing firms
- Data analytics companies
will see strong demand as companies start using more artificial intelligence technologies.
Companies that already invest in intelligence or offer advanced artificial intelligence solutions may have a big advantage over their competitors.
Macquarie also notes that while artificial intelligence could disrupt business models especially in IT outsourcing it also creates new chances for innovation and efficiency.
Companies that quickly adapt by using intelligence, improving automation and increasing productivity are expected to do better in the long run.
In addition the report says India has a talent base in technology and software services, which gives it an edge in the global artificial intelligence race.
As more industries like finance, healthcare, retail and manufacturing start using intelligence, Indian firms in these areas may grow faster.
Overall Macquarie thinks that the artificial intelligence theme in India is just starting but has a lot of potential.
Investors are advised to watch companies that are actively using intelligence as they may offer good long-term investment opportunities in the coming years.
