The last two decades of Industry development and jobs creation, skill training were all surrounding IT Sector. However, the next two decadeswould be for AI-led Economics for which India is preparing its ground now. The 2018 Budget indicated that the government’s intent towards investing in research in new areas like AI and robotics as part of a broader technology drive for the digitization of India. National Institution for Transforming India (NITI) Aayog, a think tank of the Government of India, was tasked with establishing a national programme to conduct research and development in the above and other new age Technologies.The Government of India has recently undertaken several initiatives to pave the way for AI-led economic transformation in India. While these initiatives have been at a strategic level-focusing on 5-10-year plans for increasing research and development as well as commercial uptake of AI-powered solutions-future initiatives are expected to take on a more operational approach with specific incentives aimed at facilitating the integration of smart solutions within sectors and functions.One of the most notable developments in the former category has been the setting up of an Artificial Intelligence Task Force by the Ministry of Commerce and Industry, Government of India, to invigorate the use of AI towards India’s economic transformation.
India has seen several start-ups mushroom in the AI, ML, big data and cloud space which are attracting the interest of investors, a significant number of whom offer products and services in healthcare, FinTech, customer services and education. This is further propelled by the government’s flagship initiatives of Make in India and Startup India. Smaller and nimbler start-up organizations are now becoming potent challengers to the existing market leaders through innovation and the adoption of newer technologies.
Forming cooperative relationships with some of the front runners in AI-such as US,Japan, Canada, China, UK, Germany Singapore and Israel-to develop solutions that tackle social and economic challenges can aid and accelerate strategy formulation. Exchanging best practices and learnings from prior initiatives is one way of strengthening cooperation. Government departments like the Ministry of External Affairs and Ministry of Micro, Small and Medium Enterprises may take the lead in developing such relationships.
Policy planning in AI must be aimed at creating an ecosystem that is supportive of research, innovation and commercialization of applications. While academia and the private sector focus their research activities on finding applications with diverse usage, the public sector, with its various schemes (Digital India, Make in India, Skill India, etc.), could identify areas where specific applications of AI and robotics can be utilized to increase reach, effectiveness and efficiency, thus giving direction to existing innovation across different fields. Regular cooperation will be required between academia and the public and private sectors in order to identify and get a comprehensive view of problems faced by the population and find intelligent and innovative ways to increase the efficiency and effectiveness of services delivered to society. An increase in the number of public private partnerships across industries and social projects is expected. These partnerships will be aimed at utilizing the latest tools and techniques in AI to further the objectives of inclusive growth. Therefore, ni-msme envisaged under the aegis of Ministry of MSME, Govt. Of India for such intensive training for the policy makers, senior officials in MSMEs, Entrepreneurs to get exposed and ready to harness the next potential business opportunities to be ready for the futuristic business in this field.
MSME Senior Officials, Policy makers, Entrepreneurs, Business analysts, Business researchers.
Please address your enquiries and nominations, so as to reach before 10th Dec, 2018