AI paves the way for the Indian economy

According to a report, the Indian cloud computing market, currently at $2.2 billion, is expected to grow to $4 billion by 2020 with an annual growth rate of more than 30% and is expected to see more than a million job roles.

Big Data, along with AI, is creating an impact on every aspect. It also states that AI will double the rate of innovation and employee efficiency in the country.

Nowadays, India has been focusing on research to catch up with the world leaders. The government will play a vital role in promoting AI and research on AI, Big Data and Cloud Computing. The government can use Big Data and Artificial Intelligence to find patterns and trends to flag accounts with sizeable black money deposits. The agricultural sector has recently seen a decline and AI can help to come up with techniques that can be applied in real time.

State governments have also begun the use of data-driven governance and state administration. This will help in transparency and help launch real-time performance systems in all departments and also help with insights of government policies.

The cloud plays a pivotal role in the Digital India mission to expand the digital footprint of the country. It would also help with cost reduction for infrastructure, reducing expenditure which could be invested.

AI is based on cutting edge technology, and one challenge it will face is software malfunctioning; another key challenge is the investment, setting it up is a very costly affair, and not everyone would be willing to set it up or invest in it. Another thing the success of AI relies on is data, and that is a concern as Big Data often contains sensitive and personal data, which makes it vulnerable to serious issues of privacy breach and data theft.

The Big Data industry needs to work on how it is going to protect the data and be transparent to the public regarding how the data will be used. Big Data also faces challenges which, if not dealt with properly, could cause damage to data, data alteration and leakage.

To tackle this they have to establish an information security policy, but that in itself seems to be a challenge as it involves strategical and legal aspects. Users should also be aware of their rights and individual privacy.