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RAISE 2020 Artificial Intelligence Summit

Search 5th Oct, 2020 Spotlight News Analysis here: http://www.newsonair.com/Main_Audio_Bulletins_Search.aspx  

TOPIC: General Studies 2

RAISE 2020 (Responsible AI for Social Empowerment): A global meeting of minds to exchange ideas and chart a course for using AI for social transformation, inclusion and empowerment in areas like Healthcare, Agriculture, Education and Smart Mobility, among other sectors.

Key aspects for developing a robust AI framework are: 

Expectations from AI – 

AI-first businesses: AI will dominate the core of the next exponential enterprises, rewriting the fundamentals of the establishment and this is the opportunity to capture. We are seeing that AI-first businesses are becoming monopolies.

Financial services have been rule-based till date. However, financial institutions are using AI based technologies as ‘Decision Making Support’, which is helping us to really fast-pace the whole process.

UIDAI is developing a face authentication system which will be available to all the Aadhaar holders. The goal is to make it extremely secure and make it available for all smartphone users in the country.  The system can then be used by other financial service providers to strengthen their own AI ecosystem.

Making life easier for Differently-abled: Disabilities can be permanent, temporary or situational.  By innovating for people with disabilities, we are innovating for us all. By ensuring that technology fulfils its promise to address the broadest societal needs, we can empower everyone – not just individuals with disabilities – to achieve more. We need to focus our efforts on developing AI that makes this world more inclusive, accessible and affordable for the especially-abled.

Economic Growth: The combination of AI and Data can deliver 10% of our USD 10 trillion economy aspiration, or USD 500 billion in value over the next 4-5 years. India is perhaps the only country in the world where the opportunity for AI in agriculture is as large as it is in banking.

AI and Women: AI research is dominated almost entirely by men. Globally, only 22% of AI professionals are women. Now, after COVID 19 has led to rapid digitization, the need to focus on digital inclusion has never been clearer

AI in India

Barriers – 

The Way Forward

Key Initiatives by Indian Government

India joins Global Partnership on Artificial Intelligence (GPAI)

Must Read:

Regulating Artificial Intelligence

Artificial Intelligence: The Way Ahead

SOLVE:

  1. Weaponisation of AI
  2. India has a unique advantage to harness its enormous digital capital for AI-driven development, which is “bottom-up and inclusive”. Do you agree? Explain.
  3. How can artificial intelligence and machine learning techniques help in improving e-governance? Illustrate with the help of suitable examples.

 

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