“AI will unlock the unique potential of each person and will empower them to contribute more effectively to the society.”
Honorable Prime Minister Shri. Narendra Modi
I was honored to be the only Middle Eastern speaker at the ‘AI for All’ organized by Indian government about two years ago, and experienced great two sessions with a galaxy of Indian AI experts under the patronage of H.E. Prime Minister Shri. Narendra Modi.
AI in India
As the fastest growing economy with the world’s second-largest population, India has a big stake in the AI revolution. The leading technology institutions in the country, such as IITs, NITs, and IIITs, have the ability to be the cradle of AI researchers and start-ups. In order to solve social problems, Indian start-ups are growing and developing AI solutions in education, health, financial services, and other fields.
For instance, the Deccan Article notes that the first Community Centre for Artificial Intelligence was launched in Hyderabad. They also mentioned that The HexArt Institute is an initiative of the Hexagon Capability Center India (HCCI), the greatest product development center of the technology major Hexagon AB. It recognizes this institution as an initiative of timely societal responsibility. The center will train over 350 students in several batches per year.
Some of the AI’s main prospects in India are:
≒ Digital assistants to be used by several highly advanced organizations to communicate with customers, saving the need for human resources.
≒ Together with other innovations, organizations can use AI to make machines take decisions faster than an individual and perform actions faster.
≒ In almost every area, AI powers several inventions that will help
humans overcome the majority of complex issues.
≒ Trade and Development Agreement to operate together to leverage the power of cutting-edge technology to improve and expand trade, such as AI and blockchain.
Additionally, companies like Google, Microsoft, Amazon are trying to achieve the government’s needs for cloud computing and machine learning. Private companies will rush to win big contracts, add to the stream of funds to create innovative technology and establish new AI and data science startups as the Indian government pushes for digital transformation and introduces more AI initiatives.
However, some of AI’s major adoption challenges are:
≒ India has a comparatively small number of researchers in the field of machine learning and research production.
≒ India has very little local awareness of the latest knowledge that is being generated by others each day.
≒ Given the existing and potential possibilities, Indian businesses have been reluctant to accept AI.
≒ Despite the number of available standard packages, India does not have sufficient qualified personnel to apply machine learning to its own challenges and data.
≒ In its capacity to handle challenges, current AI strategies are minimal, and they will have to develop to deal with the complexity of life in India.
In general, India’s digital footprint has seen tremendous growth. The government is also moving different programs towards the objective of technical infrastructure. Different agencies and artificial intelligence institutes including sectors are developing policy structures and programs that instill such skills. With a little more drive towards resources and frameworks that boost its development, the Indian artificial intelligence market, which is still regarded as emerging, can certainly take a leap.
Finally, worth mentioning that the researchers learned, for instance, that Indian investors participated in AI-related deals in the country worth an estimated $1.2 billion from 2015 through 2019. During that same time period, U.S. financers were estimated to have invested $858 million into Indian companies that specialize in AI, underscoring the significance of U.S. funding in India’s AI ecosystem. Chinese investors, by comparison, only invested an estimated $159 million into Indian AI companies during that time span.
Personal Experience of 15th, August
My eldest daughter was born on 15th, August on India’s Independence Day at the American Mission Hospital. She was first attended by an Indian lady doctor and nurses. My daughter completed her primary school education at Alnoor Indian School before traveling abroad. We both celebrate this special day with our friends and colleagues from India, family, school, friends, and now AI brought us even closer!