USE OF IOT & ARTIFICIAL INTELLIGENCE (AI) CAN INCREASE FRAMERS INCOME: PHD CHAMBER

USE OF IOT & ARTIFICIAL INTELLIGENCE (AI) CAN INCREASE FRAMERS INCOME: PHD CHAMBER

USE OF IOT & ARTIFICIAL INTELLIGENCE (AI) CAN INCREASE FRAMERS INCOME: PHD CHAMBER

No.PR-185

March 15, 2018

New Delhi

 

USE OF  IOT & ARTIFICIAL INTELLIGENCE (AI) CAN INCREASE FRAMERS INCOME:  PHD CHAMBER

 

PHD Chamber which organised a Panel Discussion at the CONVERGENCE India and IOT Expo at Pragati Maidan on "Startups -the Game Changer in AI and ML Automation" has recommended that use of IOT & AI can actually increase farmers income and that India should create AI indigenously and use it for the transformation of Bharat. The panel discussion was moderated by Dr Jatinder Singh, Director, PHD Chamber of Commerce; Mr Himanshu Rattan, Director, KPMG; Dr Sushil Chandra, Scientist 'F' and Head of Bio Medical Department at Institute of Nuclear Medicine and Allied Sciences at DRDO; Mr Sanjay Gupta, Country Manager, NXP ; Mr. Praveen Bhadada, Partner - Digital Practice, Zinnov LLC and Dr H P Kumar, Former CMD, NSIC and Advisor, PHD Chamber, were the panelists.

 

The Panel felt that with 10% of the world's companies in AI based in India, which is a remarkable achievement, India should utilise them to leapfrog the curve for ultimately serving the poor and villagers. IOT & AI advancements offer a great opportunity for transforming Healthcare, Agriculture(to increase productivity and increase the income of farmers), Public service delivery, SMEs, Education and Defence sectors.

 

The panel felt that rather than fearing job losses and social anarchy, AI can result in improved productivity, efficiency and cost effectiveness of Indian products, especially those produced by SMEs and jobs with new profiles and skills.  With planned reskilling, focussing on incubating AI and IOT Start-ups in social sector, futuristic courses under the Skill India scheme and redesigning the University courses with emphasis on STEM (Science, Technology, Engineering, Mathematics) education, India can utilise AI to its advantage.

Ends.

Koteshwar Prasad Dobhal

Consultant (PR)