Industry Veterans Appreciate PM Modi’s Address of RAISE 2020 Virtual Summit

Industry Veterans Appreciate PM Modi’s Address of RAISE 2020 Virtual Summit

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Prime Minister Narendra Modi inaugurated and addressed the RAISE 2020 (Responsible AI for Social Empowerment), a 5-day virtual summit on October 5 which has been organized by GoI in partnership with various industries and academia. It is a global meeting of minds to exchange ideas and charter a course to use AI for social empowerment, inclusion, and transformation in key areas like Healthcare, Agriculture, Education and Smart Mobility among other sectors. Let’s have a look at the industry veterans take on Prime Minister’s RAISE 2020 address.

Ritesh Deokar, Country Manager at Milestone Systems India, said, “Events such as the Responsible AI for Social Empowerment (RAISE) 2020 summit definitely acknowledges India’s candidature to become the global hub for AI technology. AI is becoming more mature than before thanks to advanced deep learning algorithms, stronger processing power and wider availability of data. In the field of the security industry, Machine Learning (ML) has been employed for systems to be trained with large amounts of data both videos and images which can now detect objects with more accuracy and precision.

As we look forward to the progress of Smart City projects in India, we can expect AI to play a pivotal role in regards to security management and enhancing public security and safety. Through open video management platforms, AI can help identify accident patterns, crime databases, and analyze and predict on potential mishaps or violence and more. AI has also helped with crowd management, predicting behaviour, tracking objects and enabling rapid response to incidents. For example, after implementation of AI-powered safety systems, the crime rate dropped by 27% in the city of Surat in Gujarat. With the aid of AI technology, state-of-the-art video technology systems help keep our cities smart and safe.”    

Sudhakar Aruchamy, CTO at EverestIMS Technologies, said, “In a country like India we see tremendous scope for infusing the power of AI into Social Empowerment. Many of these sectors are inimically important to the economic and social fabric of the nation. The capability sets in Artificial Intelligence and Machine Learning offer us a succinct opportunity to build better tools and solutions to help address issues within these domains. For example, Agriculture is one area where the application of technology has been relegated more towards the mechanical side. So can AI help tackle issues related to optimum planting and reaping time, water usage and how to navigate through times of drought? We see tremendous opportunities there. It would be exciting to see how the application of technology could alleviate traditional problems that have impacted efficiencies and outputs. Imagine the overall benefit to the nation! We are truly excited with the possibilities that RAISE 2020 could create and look forward to the momentum that it could generate.”

Shibu Paul, Vice President – International Sales at Array Networks, said, “This is India’s second step in bringing the world together and taking forward the initiative to utilize the power of Artificial Intelligence in our lives. Its impact can be witnessed with companies spending billions to create new products with the help of AI. Universities and defence units are devoting dedicated funds to incorporate AI-based technologies. The Prime Minister has rightly pointed out the need of having transparent algorithms which is a safety net. While AI is a key in futuristic defence units, as pointed out it should rightly be kept safe from non-state actors. The Covid-19 situation and the natural calamities that followed in Assam calls for a strong disaster management plan and this can be easily achieved with the backing of AI. With WFH and study from home being the new trend, healthcare, education and R&D can use the full support of Artificial Intelligence in bettering the prospects of support given to the public. India is leading in the IT sector but AI is still being considered as an emerging technology segment. India and its vibrant talent pool can definitely shape the AI sector and make a mark globally.”

Prashanth GJ, CEO at TechnoBind, explained, “Social inclusion is the biggest challenge facing India today. Various governments have tried many different strategies to make a change, but given our demographics and our bureaucracy we have always been challenged in moving ahead at the pace that is required. Artificial Intelligence has helped solve many problems across different areas of business – it is now time to get these learnings into mainstream to benefit the citizenry. The fact that this summit is being held in alliance with the industry and the academia will mean that the full benefit of the AI platforms can now be adapted for solving problems like Education, Healthcare, Social Security which has been the bane of Indian concerns ever since Independence. Social Empowerment being the central theme of this summit means that we will be truly exploiting the power of this powerful approach called AI to bring about the much needed social inclusion in India.”

Gurpreet Singh, Managing Director at Arrow PC Network Pvt Ltd (Titanium Partner – Dell Technologies), explained, “Prime Minister Narendra Modi in the presence of industry veterans spoke about ‘AI for All’ and this is the key takeaway for the IT sector. In the current world there is a need for countries, enterprises and individuals to protect themselves against cyber threats. As of July 2020 Indian Artificial Intelligence market is valued at $6.4 Bn. There is a need for various sectors ranging from healthcare to defence or even government institutes to better their prospective in helping people. Building smart cities is the aim of many developed and developing countries and for all of this Artificial Intelligence is the key. India has the opportunity, chance and talent to lead the world into a new beginning with the help of AI. Most of the companies in India that are in the AI sector are MNCs, there is a need for more and more Indian companies to come up in the AI sector as it would also give a boost to the ‘Make in India’ drive helping the country becoming self-reliant and a major player on the AI sector. This initiative by the government is certainly a step towards making India a leader in the field of Artificial Intelligence.”

Sunayana Hazarika, Marketing Manager at ATEN, informed, “AI is revolutionizing the way businesses are operating today, be it in automation, analytics, customer engagement and service delivery. We at ATEN IN are happy that our PM address in RAISE 2020, has brought in national focus into the responsible use of this important technology and opened the avenue of its use for social empowerment and in government sectors. As technology continues to improve workplaces and foster improvement in connectivity, we are hopeful that ATEN will be able to support this initiative with our robust and reliable products and solutions.” 

Sandesh Goel, Managing Director at Eightfold.ai India, said, “The Indian government’s emphasis on promoting responsible AI here is a welcoming step. Not only does this emphasis help AI technology to receive wider acceptance, but also it will help businesses to understand the benefit that AI can bring. Until now, the benefit we are seeing from AI is only a small fraction of its potential. In the field of Talent Management, for example, AI is helping businesses to hire, engage and retain talent with a significant reduction in cost and time required. AI is changing many aspects of business for the better by enabling better decision making at all levels.”

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