Industry chamber, the Confederation of Indian Industry (CII) on Friday announced the formation of a new forum on artificial intelligence (AI). Chaired by Sandip Patel, Managing Director, IBM India & South Asia, the CII AI Forum prioritises AI as a driver of economic and business revival.
CII AI Forum will focus on building a strong AI ecosystem in India by building awareness at scale, enhancing capabilities by skilling and reskilling workforce for the future, working with the government in shaping conducive policy and regulatory regime, encouraging public-private partnerships in research & development (R&D) and facilitating the pilot implementation of AI solutions in priority sectors.
The sectors prioritised for this year include banking and financial services industries (BFSI), retail, social (healthcare) and manufacturing (automotive).
“As the economy moves into the recovery and revival phase, the transformational potential of responsible AI-driven solutions can be used to fuel India’s growth story in a big way. CII AI Forum will look at initiatives to spur local innovations. This will make AI adoption a reality and further the national agenda of Digital India and Make in India for India and the world. More importantly, the forum will work on policies to embed trust and transparency into AI applications and processes, a critical step in realizing the true promise of the technology for business, society and the world,” said Patel.
At the first meeting of the CII AI Forum for 2020-21 convened earlier this month, the members delved into the role of AI across diversified sectors to boost productivity and set the agenda to create new opportunities to galvanise the growth across the priority sectors. The discussion also included interaction with Anna Roy, Senior Advisor, NITI Aayog on the efforts taken by the government to enhance the use of technology, while also focusing on the use of AI for the public good.