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Artificial Intelligence has the potential to increase India’s annual growth

Artificial Intelligence (AI) could add $957 billion to the Indian economy and AI needs to realise its full potential, India needs to develop a long-term vision and action plan that unites the ecosystem

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AI has the potential to increase India's annual growth.
AI has the potential to increase India's annual growth. pixabay
  • AI has the potential too increase India’s annul growth rate
  • For the above to happen India needs to develop a long-term vision and action plan
  • The economic boost will be driven by innovative AI technologies

Bengaluru, Dec 21, 2017: Artificial Intelligence (AI) could add $957 billion to the Indian economy by changing the nature of work to create better outcomes for businesses and society, a new Accenture report said on Thursday.

AI has the potential to increase India’s annual growth rate of gross value added (GVA) by 1.3 percentage points, lifting the country’s income by 15 percent in 2035, said the report titled “‘Rewire for Growth”.

“The time to act is now. With the right investments, AI can create a flywheel effect ‘liberating’ people to create long term economic and societal value,” said Rekha M Menon, Senior Managing Director and Chairman, Accenture India.

For AI to realise its full potential, India needs to develop a long-term vision and action plan that unites the ecosystem, and addresses technical and ethical questions as they arise.

“Increase spending on core AI research, facilitate ecosystem collaboration for innovation, and create opportunities for smaller players,” the report added.

Investing in building multidisciplinary and STEAM (science, technology, engineering, arts and mathematics) demanded by AI will be the key, it said.

“The economic boost will be driven by innovative AI technologies that enable people to make more efficient use of their time and do what humans do best — create, imagine and innovate new things,” Menon added.

Big businesses will play a key role in unlocking the economic value of AI, with more than 88 per cent of businesses in India surveyed by Accenture earlier expecting to make moderate-to-extensive investments in one or more AI-related technologies over the next three years.

In addition, digital platform companies can play a key role in driving AI innovations in India, in line with the global trends. (IANS)

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Google, Apple Block TikTok Download in India

With over 54 million users every month, TikTok allows its users to create and share videos and these may have inappropriate content

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Google
The Google logo is seen at a start-up campus in Paris, France, Feb. 15, 2018. VOA

Google and Apple have blocked the download of TikTok from Play Store and App Store respectively in India, following a request from the government to ban access to the Chinese short video-sharing app that has been downloaded over 230 million times in the country.

The Ministry of Electronics and Information Technology had asked Google and Apple to block the app following the Supreme Court’s refusal to stay the original Madras HC court order on April 3.

The Madurai Bench of the Madras High Court on Tuesday refused to lift the ban on TikTok and set April 24 the next hearing date.

A Google spokesperson told IANS: “As a policy, we don’t comment on individual apps but adhere to the law in countries we operate in.”

TikTok said in a statement that the company has faith in the Indian judicial system.

“We are optimistic about an outcome that would be well received by over 120 million monthly active users in India, who continue using TikTok to showcase their creativity and capture moments that matter in their everyday lives,” a TikTok spokesperson said.

TikTok
The logo of the TikTok application is seen on a screen in this picture illustration taken Feb. 21, 2019. VOA

The Supreme Court on Monday refused to interfere, for now, with the Madras High Court’s order banning Chinese video app TikTok, and directed further hearing in the matter on April 22.

Expressing concern over the “pornographic and inappropriate” contents of the TikTok, the High Court had, on April 3, directed the Centre to ban the app.

The ban order came after the court noted that children were being exposed to pornographic and inappropriate material.

Also Read- Facebook Joins GAME to Train Entrepreneurs in India

With over 54 million users every month, TikTok allows its users to create and share videos and these may have inappropriate content.

The rise of Chinese short video-sharing app TikTok in India has been so spectacular over the past year that it is now nearly impossible for any social media user to not have come across its content.

These user-created videos that often contain memes, lip-syncing songs and sometimes sleazy posts regularly find ways to other popular social media sites including Facebook, WhatsApp and ShareChat. These are the platforms where most adult social media users are now getting introduced to TikTok. (IANS)