India has geared up considerably in the world of Artificial Intelligence, but there is still a long way ahead. Deep Dive with Abhinav Khare focuses on the importance of this technology, while highlighting the challenges such as cost, innovation, workforce, etc.
Today Big Data, Cloud Computing and Artificial Intelligence (AI) rule the world. However, India has been left out from being a part of this revolution. India has geared up considerably. However, there is still a very long way to go. In 2016, IT and ITeS contributed to 7.7% of the GDP. The cloud computing market is currently valued around $2.2 million and it is expected to grow to $4 million by 2020.
Despite the enthusiasm about AI in India, Abhinav Khare deep dives into the roadblocks that come in the way while adopting and integrating this technology in our system. Here, our cost of failing is several notches larger than the west. If the risk of failing would have been lower, we could have adopted bolder mover and delved farther into the Silicon Valley like the West. Added to this, the tendency of Indian businesses to just be Ctrl C + Ctrl V of successful business models shows how we are lacking when it comes to innovation.
The few challenges that the cutting edge technology of AI face are software malfunction and investment. AI is an extremely capital intensive industry and it seldom finds investors for it. Data is referred to as the next oil but it does come with its downsides. Big Data contains sensitive personal data and face a serious issue of breach and theft.
Indian education system is focussed on rote learning and only good for clerks. With the current changes to technology, the need of the hour is to re-skill our workforce. It is said that most of the graduates of our country are unemployable. Thus, re-skills and innovation are the only way for employment as most of their current skills shall soon be rendered useless.
About Abhinav Khare
Abhinav Khare is the CEO of AsiaNetNews Network and also the host of a daily show named Deep Dive with AK. AsiaNetNews is a leading media group of south India with highly valuable brands like AsiaNetNews, Suvarna News, Kannada Prabha, IndigoMusic, Indigo Radio, MyNation, NewsFast, IndigoXP Music lounges.
He is a proud father of two beautiful daughters and resides in Bengaluru with his loving family and a lifetime collection of books and gadgets. An avid traveller, he has already pinged more than hundred cities from 5 major continents around the globe.
A tech entrepreneur, who is passionate about policy, technology, economy and philosophy from ancient India. His favourite pastime is to research synergy between these facets of society. He earned his qualifications from the top 10 global universities; an MS Engineering from the ETH Zurich and an MBA Finance from the London Business School.
Last Updated 11:29 AM IST