India, July 24 -- Kerala will be transformed into a national hub for artificial intelligence and emerging technologies, Kerala Chief Minister V.D. Satheesan said while inaugurating Naviq Technology launched by the IBS Software Group to drive innovation in the global travel industry.
Naviq Technology (IBS Software Group)
- Launched at IBS Tower, Infopark Kochi, as an independent company to modernize travel industry tech using AI.
- Will collaborate with airlines, airports, cruise lines, vacation providers, and hospitality groups to accelerate AI adoption.
- Already has 16+ offices worldwide, designed to attract next-gen travel tech professionals.
- Creates opportunities for AI researchers, data scientists, and specialists to shape the future of travel.
Global Context (IBS Software's View)
- AI is projected to drive nearly 25% of global economic output.
- Current global tech spending: US$6.35 trillion, with ~30% in IT services.
- India contributes ~20% of this segment.
- AI-related revenues are growing at ~50% annually, but could displace up to 45% of existing jobs.
- IBS founder V.K. Mathews emphasized the.....
Published by HT Digital Content Services with permission from Travel Media.