NEW DELHI,27.01.21-Artificial Intelligence would help India create a technology garage for the world, deliberated Mr. Arnab Thakur, Former Programme Director (Atal Innovation Mission), NITI Aayog in an interactive webinar organized by PHD Chamber of Commerce and Industry on ‘Artificial Intelligence: Empowering India for the Future’.

Mr. Thakur while deliberating about the emergence of AI in the last few years, mentioned that there has been constant work in this sector especially in the field of machine learning. He said that technology can help us move from a linear way to the exponential way of solving a problem and that’s where AI and machine learning come into focus.

Ms. Shamli Prakash, Country Head-India, Zenon AI while talking about waves of disruptions of Data Sciences and AI, discussed the similarities of Industrial Revolution and Evolution of Artificial Intelligence. She also shared the key learnings about AI, its potential applications and necessities for industries, government and businesses to establish AI.

Mr. Arun Karna, MD & CEO, AT&T Global Network Services India Private Ltd in his presentation on "Artificial Intelligence for Competitive Advantage" discussed how AI is emerging as a potent force for enterprises to innovate and transform. Organizations are also realizing the potential of AI in diverse areas such as cost optimization; operational efficiency; customer experience and revenue growth. He spoke on the scope and potential of AI and how industries can leverage the power of AI for global competitive advantages.

Mr. Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry in his presidential address spoke on how India is at the cusp of a digital revolution and how some of the sectors in India have already adopted AI. He said that enhanced computing power, digitisation, increase in data storage capabilities at reduced costs, has improved applicability of AI in business and society. He also deliberated that India, being the fastest growing economy with the second largest population in the world, has a significant stake in the AI revolution.

Mr. Sandeep Aggarwal, Mentor, Telecom Committee, PHD Chamber of Commerce and Industry deliberated that AI has got a bright and promising future in India. He also said that AI can provide large incremental value to sectors like energy, retail, manufacturing, healthcare, education and agriculture. That will also mean the opportunity for jobs in all these sectors, each for AI experts and others. He also said that India is already an IT powerhouse hence a conducive environment for AI to flourish here is already present.

The webinar was moderated by Dr. Yogesh Srivastav, Assistant Secretary General, PHD Chamber of Commerce and Industry. It was supported by Idemia Syscom India Pvt Limited and was successfully attended by many senior members of PHD, Embassy officials and stalwarts from the telecom industry.