If governed responsibly, AI has the potential to contribute up to 10 per cent to India’s GDP by 2025, revealed the report
About 78 per cent of industry leaders urge for accelerating a responsible Artificial Intelligence (AI) ecosystem in India to help improve decision-making and governance, according to a report on Monday.
The report by management consultancy Primus Partners presents a detailed study of the responsible and ethical AI ecosystem in India from the industry perspective and advocates ethical, transparent, and accountable AI practices while also outlining possible enforcement mechanisms for AI regulations in India.
If governed responsibly, AI has the potential to contribute up to 10 per cent to India’s GDP by 2025, revealed the report.
For about 76 per cent of industry leaders, the top concerns in AI deployment include challenges of data quality and availability (which include data scarcity, biases in datasets, and the complexities of data preparation and cleaning).
The report also emphasises that 61 per cent of the industry prioritises privacy and security, including threats posed by deep fakes, as a crucial principle-based element in safe AI deployment.
It comes at a crucial time as India positions itself at the forefront of global AI innovation while addressing the ethical challenges posed by rapid technological advancement.
“India’s current AI landscape reflects a segment full of opportunities. As we journey towards becoming a trillion-dollar digital economy, we must adopt a balanced approach to AI governance. This involves leveraging AI for its economic benefits while ensuring robust regulatory frameworks that can prevent or curb risks such as deepfakes by promoting ethical standards,” said Devroop Dhar, Co-Founder and Managing Director, Primus Partners.
“As AI’s influence is driving significant advancements and efficiencies across diverse industries worldwide, responsible use of AI should be a shared global priority,” he added.
Further, the report showed that 53 per cent of respondents believe that AI systems should be designed to be transparent and explainable to ensure trust and accountability, while 78 per cent emphasise the need for ongoing skill development and training to keep pace with AI advancements.
Many industry leaders (51 per cent) also prefer a hybrid regulatory approach combining traditional frameworks with adaptive guidelines, while some (47.3 per cent) believe that over-regulation and over-compliance if put in place, can become a deterrent to AI’s growth.
Others (89 per cent) believe that specific regulations are essential to ensure ethical practices, accountability, and transparency in AI development and deployment
The report also calls for a collaborative approach between the government and the private sector to develop standards and practices that ensure AI benefits all segments of society.
Google Partners with Andhra Pradesh on AI
Tech giant Google will partner with Andhra Pradesh in providing Artificial Intelligence (AI) applications in sectors like agriculture, healthcare, sustainability, skill development and startup ecosystems, it was announced on Tuesday.
A Memorandum of Understanding is slated for signing between the state government and Google under the initiative “AI for Andhra Pradesh, Powered by Google”.
“This comprehensive partnership will encompass AI applications in agriculture, healthcare, and sustainability, as well as skill development, startup ecosystems, AI workforce cultivation, MSME support through digital credit and AI-driven governance,” the state government said after Chief Minister N. Chandrababu Naidu’s videoconference with Google and YouTube leadership.
Aviation Minister Ram Mohan Naidu and key representatives from Google, including Neal Mohan, Global CEO of YouTube, Sanjay Gupta, President, Asia Pacific Region at Google, Leslie Miller, Global VP, YouTube, and and Sreenivasa Reddy, Managing Director, Government Affairs, India joined the videoconference.
The meeting explored strategic collaborations to accelerate the state’s technological advancement, with a focus on identifying opportunities where the state and tech leaders could collaborate.
Discussions included digital infrastructure enhancement, skill development, and leveraging technology for efficient governance. Chief Minister Naidu underscored the state’s dedication to fostering a thriving environment for technological innovation.
“Andhra Pradesh is on a trajectory to become India’s digital epicentre, and we are enthused about the prospects of partnering with global pioneers like Google and YouTube,” Naidu affirmed.
Google representatives commended the state’s strides in digital infrastructure and reiterated their commitment to nurturing innovation and skill development within India.
Naidu earlier said he discussed setting up a YouTube Academy in Amaravati with the company leadership. Beyond a proposed YouTube Academy in Amaravati, both parties agreed to delve deeper into the identified opportunities, according to an official statement.
The Chief Minister revealed on ‘X’ that he was delighted to connect with YouTube global CEO Neal Mohan and Google APAC Head Sanjay Gupta online.
“We discussed setting up a YouTube Academy in Andhra Pradesh, in collaboration with local partners, to foster AI, content development, skill development and certification programmes,” he posted. “Furthermore, we explored avenues for providing technical support for the Media City initiative in our capital, Amaravati”.
Media City is one of the nine theme cities planned by Naidu as part of Amaravati state capital.
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