Artificial Intelligence (AI) is the second part of the digital revolution after the first part of the digital revolution that is procedural computing, which has transformed industry for the last seventy years. The impact of this revolution will be several trillion dollars in the global economy and several billion dollars in the Indian economy and every industry is going to change stated Mr. Kris Gopalakrishnan, Past President, CII and Axilor Ventures.
AI is indeed one of the biggest technological breakthroughs of the 21st century. Countries around the world are becoming increasingly aware of the potential economic and social benefits of developing and applying AI across the sectors. Tremendous activities concerning AI have been taken by Governments in different countries. Government of India is also making several efforts to facilitate AI use across sectors and amplify the country’s demographic advantages. The introduction and its adoption at both central and state level in governments further highlights the critical role it will play for the businesses and governance.
While Niti Aayog has released a paper National Strategy on AI, the states are also working towards developing focused frameworks like in incase of Telangana which as developed “AI Framework for the state of Telangana was and claims to achieve 85% of what it had planned.
Leveraging AI for building up capability of Indian industry and India’s inclusive growth, the Confederation of Indian Industry (CII) is working towards bringing the Digital India mission, as envisaged by our Hon’ble Prime Minister Shri Narendra Modi, to life by having a very focused approach of helping MSME to adopt technology.
As part of CII’s efforts, the one- day ‘International Conference on Artificial Intelligence’ was organized on 18 March 2021 over a virtual format. The day-long Conference engaged significant discussions revolving around the theme of ‘AI for Industry ~ AI for All’ with the industry stalwarts from healthcare, manufacturing and BSFI sectors.
While delivering the Inaugural Address Prof. K VijayRaghavan, Principal Scientific Advisor to the Government of India stated that AI is having extraordinary potentials across multiple sectors and it is going to be necessary to embrace the technology revolution in every aspect of our life, our industry, our society and so on.
He urged industry to collaborate both with central and state governments in the National AI Strategy to truly capitalize on the benefits of AI at scale.
Speaking at the conference Prof Ashutosh Sharma, Secretary, Department of Science and Technology (DST), Government of India highlighted that DST endeavors in harnessing the potential of this new wave of technologies and has established 25 Tech Innovation hubs (TIH) under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS) with focus on the research in Data science, Robotics and AI and ML.
During the conference Shri Jayesh Ranjan, Principal Secretary, Government of Telangana highlighted that the adoption of the greater uses of AI within the government system for social benefits is very important which is also evident in State’s initiatives for enhancement of use of technology
Shri Abhishek Singh, President & CEO, National e-Governance Division, DIC, Meity, GoI driving the Digital mission highlighted that today, AI has become part of our life and it can build solutions at a scale that society and industry face. Also, AI is going to become a core component in our trillion-dollar digital economy strategy where almost US$ 500 billion will come directly from AI and other related technologies. India is in the process of implementing a robust National Strategy for AI.
Mr. Sandip Patel chairing the CII AI Forum and MD IBM India/SA pointed out correctly that “This is the decade of AI and every company will be an AI Company not because they can, but because they must” . He further highlighted that one of the most significant aspects which put AI at the center of all the developmental is the ability to harness data and apply AI to drive crucial insights.
Emerging technologies such as AI have revolutionized our world by making it inclusively more efficient and the advancement of AI in India is set to glimpse substantial momentum over the next few years primarily due to the government’s involvement with the private sector both in terms of R&D as well as creating favorable conditions for moving out AI projects smoothly.
added Mr. Amit Sinha Roy, Vice President, Global Head of Marketing & Communications and Tata Communications Ltd.
19 March 2021