The NITI Aayog chief further said that bringing in too many regulations will choke the innovation and the main objective of using AI is to provide benefit to all
With rising concerns regarding artificial intelligence (AI) and its impact, Amitabh Kant, CEO, NITI Aayog said AI is going to change the life of human beings.
“In India, the challenge is quite different as compared to the Western world. However, we believe that AI is going to transform the life of human beings,” Kant said while speaking at the World Economic Forum Annual Meeting at Davos Switzerland.
Kant further said, “How do you provide better data, images to your doctors, how do you track individual students who are not performing well so you can improve learning outcomes. AI needs to be accessed in a very scientific manner for transforming lives of citizens.”
Rules may stifle innovation
The NITI Aayog chief further said that bringing in too many regulations will choke the innovation and the main objective of using AI is to provide benefit to all.
“In order to ensure that AI does not remain exclusive, it is vital to establish a global alliance, just like the CERN for particle physics. Though there is a need for broad norms but so many rules will stifle innovation,” Kant said.
He further said that data is similar to a public road.
“You open up all that data to them. For us in India, our belief is that all data is held by public entities. All government data should be opened up,” he said, while adding that the consumer is the ultimate beneficiary of this.
According to a research, AI is estimated to manage assets worth around US$ 1 trillion by the year 2020.