“India clearly has the potential to become the AI capital of the world. The reason I say this is not just because I am here in India and I love India and so on. We are in a sweet spot where we have talent and a kind of complexity that only AI can solve,” Chandrasekaran stated whereas talking at RAISE Summit.
He stated if India is ready to resolve the issues utilizing AI, then the options can unfold to growing in addition to developed nations.
“For the coming decade to be India’s decade, to my mind there are two challenges. On the one hand, solving the access challenge to make every service like healthcare, education available to every citizen irrespective of the place where they live…” Chandrasekaran stated.
The different problem is to offer significant and productive futuristic jobs for the huge inhabitants of India, he added.
“Right now the worldwide digital economic system is in reality headed in direction of a splintered future. That will restrict the scalability and potential of complete platform economics due to points associated to knowledge governance.
“Solving for data governance, specifically what should be the global standard for data residency — localisation, privacy and security — are very important steps for our long term success. I think developing a policy framework will accelerate development of AI and AI based solutions in a significant way,” Chandrasekaran stated.
He stated AI and AI-based options, instruments and applied sciences shouldn’t be put to make use of for the elite and as a substitute needs to be used for the widespread man.
“This means our vision should not be centred around software professionals and data scientists and other white collar workers. But our vision should include farmers, truck drivers, shopkeepers, teachers and everyone else,” Chandrasekaran stated.
The authorities is wanting to make use of AI for varied functions together with resolving language boundaries that folks of the nation face whereas speaking, enhancing agriculture productiveness, amongst others.
The National Strategy for Artificial Intelligence (NSAI) had highlighted that the potential of AI in boosting India’s annual progress fee by 1.three proportion factors by 2035 and recognized precedence sectors for deployment of AI with authorities’s assist.
Chandrasekaran stated, “As the world’s largest democracy and as a place where data is getting created at such a high volume and where there are many problems, all of which can be solved through AI, I really think India should seize the opportunity to lead this globally. We should not lose the momentum, but we should quickly get into execution.”