India to use AI for good governance - This is what Suresh Prabhu said on the matter
Suresh Prabhu said, "AI is the technology of today and one who masters this will rule the world."
In order to ensure good governance, the central government will use Artificial Intelligence or AI, Union Minister Suresh Prabhu said in a statement today. Prabhu said, "AI is the technology of today and one who masters this will rule the world." India transports more data than US and China put together, but the top six companies across the world use these data with value addition and monetise them, he said.
The government will put in place proper regulations and take corrective action to protect citizen’s privacy and ownership of data, the statement said. The government was strengthening its legal system and regulatory framework to deal with digital data, said the statement issued by the Ministry of Commerce & Industry. "Every country is developing an AI strategy and India too is working on developing a strategy for the use of AI for the common good," Prabhu said.
The minister said that the government will have to put in place mechanisms on how data are used and algorithms are written. As all the data being generated in the world today were being controlled by few companies, the government was creating asymmetries as very few create, understand and use this data, the statement said. Prabhu said that this has given rise to a very powerful elite who control millions of lives.
Watch this Zee Business video here:
The government has to put efforts in the fundamental education from school level so that access to mathematics and technology is available to each and every student, it said.
Those who can’t access to technology will be on the other side as AI is creating an ethical divide. Therefore, education at the foundation level has to be upgraded, the minster said while speaking at the International Colloquium on Ethics and Governance of Autonomous AI System for a Better World held in New Delhi today.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Retirement Planning: In how many years your Rs 25K monthly SIP investment will grow to Rs 8.8 cr | See calculations
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
Top 7 Mid Cap Mutual Funds With up to 41% SIP Returns in 5 Years: No 1 fund has converted Rs 15,000 monthly investment into Rs 23,84,990
SBI 5-Year FD vs MIS: Which can offer higher returns on a Rs 2,00,000 investment over 5 years? See calculations
07:18 PM IST