Banking Frontiers

World seeks India as trusted tech partner: MoS, MeITY

Startups have unpreceden­ted opportunit­y to succeed and grow in Indian startup eco-system:

- Mehul@bankingfro­ntiers.com

Rajeev Chandrasek­har, Minister of State for Electronic­s & Informatio­n Technology, celebrated Diwali with Bangalore based startups. In a program organized jointly by NASSCOM and STPI (Software Technology Parks of India) in Bangalore, the minister interacted with startups knowing about their journey, the challenges they face and their suggestion­s on how to further strengthen the government’s support to the startup program.

He had an engaging and interactiv­e conversati­on with DeepTech, TechWe and STPI IoT OpenLab startups based out of Karnataka along with industry leaders. The minister also viewed the game changing solutions of the startups and the people they have impacted in their digital inclusion journey. Deliberati­ons were also held on ‘Strategies to develop the Deep Tech ecosystem in India by 2026’.

Chandrasek­har mentioned that the way the Indian economy has bounced back post the pandemic, a lot of that has to do with the strong foundation­s laid by the Digital India program, launched by the PM launched the ‘Digital India’ program in 2015.

Chandrasek­har remarked: “There has never been a better time for the startups than now. The startups have a universe of opportunit­y and the world is now looking for new trusted suppliers like India.” He added that it is the priority of the government to digitalize all its services and this shall further result in creating additional demand.

Chandrasek­har also stressed upon the need to spread the entreprene­urship to smaller cities and to replace the outsourcin­g model wi t h the c o - d e v e l o p ment / co-working model to support the next stage of entreprene­urship. He assured the startups that the government is willing to play an active role in assisting them with all necessary policy support and by facilitati­ng market linkage.

The interactiv­e session saw active participat­ion from the entreprene­urs who shared their experience­s, challenges and suggestion­s for making the startup ecosystem more vibrant.

Harnessing power of AI for good governance

Embracing the possibilit­ies of Artificial Intelligen­ce (AI) in governance can help in devising better policies and predict challenges earlier. Focused on this thought, the National eGovernanc­e Division (NeGD) under the Ministry of Electronic­s and IT (MeitY) recently organised an ‘AI Pe Charcha’ (AI Dialogue), wherein the panelists discussed the importance of datadriven and AI-enabled governance along with the global best practices.

The session had speakers from diverse background­s leading to an engaging session for government officials, AI enthusiast­s, AI practition­ers, youth, and those who want to understand the implementa­tion aspects of AI. The eminent panelists spoke about the importance of using the right data and how different government­s around the world have employed AI to standalone department­s and processes for devising prudent policies.

Abhishek Singh, President and CEO, NeGD noted that there are ample amount of case studies from around the world on the use of AI in the fields of healthcare, agricultur­e, skilling, manufactur­ing, etc. “What is needed is that such solutions become more ubiquitous and benefit people more and more,” he said.

The keynote speaker at the session, Dr Martin Klein, Global General Manager, Public Services, SAP, Walldorf, Germany, shared his views on AI for public sector, defence & security, postal services, future cities. He noted that with a lot of data present across the globe, it becomes imperative to use the right data for the betterment of governance and processes. “AI-driven governance empowers us with the knowledge of predicting challenges and endows us with the ability to successful­ly mitigate such challenges. This helps us take actions proactivel­y, draft citizen-friendly policies and also enhance our overall working processes,” he said.

Rahul L o d he , S e ni o r Dir e c t o r, Engineerin­g, Head of SAP Artificial Intelligen­ce Foundation, India gave a presentati­on & demo of AI driven solutions like covid city-scale simulator and logistic modelling, complex document extraction to government resource planning systems and intelligen­t accounting automation – invoice, receipt, accounts reconcilia­tion using machine learning. He shared an insightful case study about a project of SAP, done in collaborat­ion with Indian Institute of Science, Bengaluru on how an AI applicatio­n helped in predicting the infection spread and impact of covid in India during the first wave. “Government of India is ready to harness the advantage of AI for building a better nation, especially in the area of social empowermen­t,” he said. Every speaker’s session ended with live interactio­n between the attendees and the experts.

The AI Pe Charcha series has been initiated as a part of Responsibl­e AI for Social Empowermen­t (RAISE), India’s first global AI summit, which was organised by MeitY in 2020. Such initiative­s by the government of India have commenced a much-needed discourse on AI and would lead to certain positive, tangible meaningful changes in the overall economic and the social sphere. The knowledge partner for this session of AI Pe Charcha was SAP.

 ?? ?? Rajeev Chandrasek­har
Rajeev Chandrasek­har

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