New Delhi, Feb. 16 -- The history of human civilisation is replete with examples of radical, path-breaking advancements- from a simple wheel to steam engines, electricity, and the internet. But the emergence of artificial intelligence (AI) is undoubtedly one of the most powerful, if not the greatest, inventions in human history.

AI is not a fringe technology now. It is now very much a part of mainstream businesses across sectors, reshaping and revolutionising how companies operate, and generate profits and value.

It is time we brace ourselves for a strong structural shift.

Almost a year ago, when the AI was rapidly growing, and there was much ambiguity on how the technology could affect the economy, PwC estimated that AI could "potenti...