Forum identifies BFSI, Retail, Healthcare and Manufacturing as priority sectors

Confederation of Indian Industry (CII) today announced that a new forum on Artificial Intelligence has been established. Chaired by Mr Sandip Patel, Managing Director, IBM India/South Asia, the  CII AI Forum  prioritises AI as a driver of economic and business revival.

CII AI Forum will focus on building a strong AI ecosystem in India by building awareness at scale; enhancing capabilities by skilling/reskilling workforce for the future; working with the government in shaping conducive policy and regulatory regime; encouraging public-private partnerships in research & development, and facilitating pilot implementation of AI solutions in priority sectors. The sectors that have been prioritized for this year are: Banking and financial services industries (BFSI), retail, social (healthcare) and manufacturing (automotive).

“I’m deeply honored to take on this role and look forward to working with CII members to champion the adoption of AI for growth and success. As the economy moves into the recovery and revival phase, the transformational potential of responsible AI-driven solutions can be used to fuel India’s growth story in a big way. CII AI Forum will look at initiatives to spur local innovations. This will make AI adoption a reality and further the national agenda of Digital India and Make in India for India and the world. More importantly, the forum will work on policies to embed trust and transparency into AI applications and processes, a critical step in realizing true promise of the technology for business, society and the world”, said Mr Patel.

At the first meeting of the CII AI Forum for 2020-21 convened earlier this month, the members delved into the role of AI across diversified sectors to boost productivity and set the agenda to create new opportunities to galvanize the growth across the priority sectors. The discussion also included an interaction with Ms Anna Roy, Sr Advisor, NITI Aayog on the efforts taken by government to enhance the use of technology, while also focusing on the use of AI for public good.

28 August 2020

New Delhi