SME Times News Bureau | 25 Feb, 2020
NITI Aayog CEO Amitabh Kant on Tuesdau said that the
government is in the process of creating a portal to share data on public
platform for public use.
Speaking at the session on 'Shaping the New
Economy: Transitions & Trends in Technology', Kant said,
"India has a vast amount of data. NITI Aayog is working on a portal to put
this data in an anonymous manner in public domain so that the people across the
sectors can utilize it."
Kant said that India has over 2,000 startups
working in AI and machine learning and we can?t starve the startups of data.
However, he outlined that critical human personal data should be kept within
He further added that there is a need to create an
economic framework for data pooling as a business resource in a responsible
"It is not possible for India to grow rapidly
at high rates without a technological leapfrogging in many areas of growth.
India has to get into sunrise areas of the industry, and I believe India can
radically change the landscape of electric mobility," said Kant.
He said that India offers the size & scale to
do innovations across health and education among other sectors. India has a
scale of data that no other country can offer. "Indians are going to use
data to a greater size and scale as we are the only country in the world which
has a varied bank of biometrics," Mr Kant added.
Highlighting the potential of Artificial
Intelligence, Mr Kant urged companies and banks to leverage on the power of
machine learning and AI.
"Companies or banks which do not use
Artificial Intelligence or machine learning will just go bust. Companies which
use the power of technology will leapfrog," he said.
Aruna Sundararajan, Former Secretary of Telecom,
Government of India said,
"We must open up and enlarge the regulatory sandboxes in every area and
have a full play for innovations."
FICCI Senior Vice President Mr Uday Shankar moderated the session.
Earlier during the day at the session on 'US-India
Strategic Collaboration in the Indo-Pacific', Mr Ram Madhav, National General
Secretary, BJP said that the 21st century India is different from the
past century. We are not just an aspirational nation, we are also an ambitious
"Indo-Pacific region is the most happening
region in the 21st century. The global power has shifted to this region. We
happen to be the most important country in the region and US is the most
important stakeholder in the region."