“India clearly has the potential to turn into the AI capital of the world. The rationale I say this isn’t simply because I’m right here in India and I really like India and so forth. We’re in a candy spot the place now we have expertise and a type of complexity that solely AI can clear up,” Chandrasekaran mentioned whereas talking at RAISE Summit.
He mentioned if India is ready to clear up the issues utilizing AI, then the options can unfold to creating in addition to developed nations.
“For the approaching decade to be India’s decade, to my thoughts there are two challenges. On the one hand, fixing the entry problem to make each service like healthcare, training accessible to each citizen regardless of the place the place they dwell…” Chandrasekaran mentioned.
The opposite problem is to supply significant and productive futuristic jobs for the huge inhabitants of India, he added.
“Proper now the worldwide digital economic system is in reality headed in direction of a splintered future. That can restrict the scalability and potential of whole platform economics due to points associated to information governance.
“Fixing for information governance, particularly what ought to be the worldwide normal for information residency — localisation, privateness and safety — are essential steps for our long run success. I feel creating a coverage framework will speed up improvement of AI and AI primarily based options in a major method,” Chandrasekaran mentioned.
He mentioned AI and AI-based options, instruments and applied sciences shouldn’t be put to make use of for the elite and as an alternative ought to be used for the frequent man.
“This implies our imaginative and prescient shouldn’t be centred round software program professionals and information scientists and different white collar staff. However our imaginative and prescient ought to embrace farmers, truck drivers, shopkeepers, academics and everybody else,” Chandrasekaran mentioned.
The federal government is trying to make use of AI for numerous purposes together with resolving language limitations that folks of the nation face whereas speaking, enhancing agriculture productiveness, amongst others.
The Nationwide Technique for Synthetic 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 help.
Chandrasekaran mentioned, “Because the world’s largest democracy and as a spot the place information is getting created at such a excessive quantity and the place there are lots of issues, all of which could be solved via AI, I actually assume India ought to seize the chance to guide this globally. We should always not lose the momentum, however we must always rapidly get into execution.”