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#AIForIndia: Realising Vision 2025 – Inclusive development through Data and AI

Blog: NASSCOM Official Blog

The COVID-19 pandemic and subsequent nationwide lockdown to contain the virus has had unprecedented impact on the economy. With disrupted supply chains, fluctuations in workforce requirements, cash liquidity crunch and an urgent need to adopt contactless ways of working, the pandemic has forced us to adopt and reinvent businesses keeping in mind the #NewNormal. We are now on the road to recovery and opening up the economy. The pandemic has made us realise that country’s data assets and technology are critical for surviving the crisis and thriving in the long term.

Image source: Asia Times

NASSCOM’s recent report on Unlocking value from Data and AI: The India Opportunity highlights that data and AI could address dual goals of economic and social value creation and recovery. My previous article on Data and AI – The two centrepieces critical for realizing India’s 2025 vision sets the context and focuses on the $500 bn. economic value that data and AI can add to India’s GDP by 2025. The focus of this article is to highlight that utilization of data and AI could play a crucial role in realizing India’s vision of inclusive development especially in the following three areas:

Contributing to effective COVID-19 response and economic recovery

Data and AI could support governments and businesses with effective COVID-19 response, catalysing economic recovery across key focus areas, the below graphic lists some of these areas:

For more details, download NASSCOM’s full report on Unlocking value from Data and AI 

Photo sources used in the graphic: COE, Venture Beat, Digital Authority, Forbes, Ignite Tech

Supporting social initiatives and equitable growth

There are several problems at hand requiring data-backed and AI-powered solutions for a sustainable and equitable growth. This section focuses on how data and AI can support some of these initiatives:

Enhancing talent and capabilities to position India as the global hub for data & AI services

Increased data and AI services adoption in India is imperative to accelerate investments in capability building. Let us look at the India advantage and how can we leverage it to position India as the global hub for data and AI services.

India is a leading global IT services industry

Rising demand for AI and big data CoEs

India an opportunity to develop itself as a leading global hub for Data and AI services

Watch out for my next article on the essential building blocks to promote data utilisation and AI. Read the full report “Unlocking Value from Data and AI – The India Opportunity” for more details.

The post #AIForIndia: Realising Vision 2025 – Inclusive development through Data and AI appeared first on NASSCOM Community |The Official Community of Indian IT Industry.

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