Every worker is going to be well informed and empowered with good knowledge by AI, says Chordia
Artificial Intelligence is set to take the Indian IT sector to the next level of global services, according to Prakash Jain, Executive Chairman of cyber security company, Inspira Enterprise India Ltd.
“AI will be the biggest change in the India IT Sector,” he said at the Lokmat Global Economic Convention held in Singapore on 28 Mar.
The IT sector exported US$270 billion of services last year, according to Jain.
He also noted “a strong government support for the technology industries, having removed a lot of hurdles and accomplished a lot on ease of doing business in India.”
Jain highlighted the increasingly educated and skilled manpower in India for the world’s top technologies during a panel discussion on “Taking India to the pinnacle of World economy – A Road Map” at the convention.
“Given the right skill to the people also brings opportunities,” added Jain whose Inspira is involved in big data analytics, AI, and cybersecurity with offices in Mumbai, Delhi, Dubai, Dallas and Manila.
He appreciated the pace set by accelerated digitalization in India, saying to the advanced technologies and manufacturing helping Apple export Rs1 trillion worth of mobile phones in the last 12 months.
He also sees the potential of Apple export increasing to Rs.5 trillion in the coming year and further growth as India’s semiconductor companies start chip-based manufacturing for advanced technologies.
“AI is going to be in the life of everyone in one way or another,” added Vishal Chordia, Director of Suhana Pravin Masalewala.
Every worker is going to be well informed and empowered with good knowledge based on AI implementation, according to Chordia, dismissing beliefs that AI is going to take away jobs.
Elaborating on progress being made by the Indian economy, Chordia highlighted the awareness created globally for millet as a healthy food since its launch on the international stage last year.
“Brands and the Government are taking initiative in promoting millets by sharing knowledge about the healthy foods,” he said, citing just one example of Indian foods being put on global markets.
Awareness will lead to increasing consumption and put millet in the centre of the plate for global consumers, PTI reported citing Chordia.
He also observed the young Indians being health conscious and considering “dos and don’ts” in food selection which makes millet as a first-choice food in the coming years.
Touching on food industry prospects in India, he said Suhana Pravin is enjoying an annual growth of 26-30%. Fiinews.com
