India’s potential in the field of artificial intelligence (AI) will be hindered if excessive focus is placed on regulations, according to Debjani Ghosh, the president of technology industry body Nasscom. Ghosh expressed her concerns during an event in New Delhi, stating that getting the government too focused on regulation will result in wasted time figuring out what to do.
In a report by IBM, it was revealed that less than 35% of companies worldwide are effectively utilizing AI, a figure that Ghosh described as “terribly low”. She emphasized the need to shift away from fear-based thinking and start exploring how to deploy AI at scale.
Ghosh urged all stakeholders to race towards unlocking the full potential of AI, cautioning against becoming excessively caught up in the regulation debate. The rapid evolution of AI makes it challenging to determine what exactly needs to be regulated.
Last year, Nasscom released a set of guidelines that emphasized the responsible use of generative AI. The guidelines outlined obligations for researchers, developers, and users of AI models and applications, emphasizing the importance of comprehensive risk assessments and internal oversight throughout the lifecycle of AI solutions.
While Ghosh acknowledged the need for a governance framework, she called for a shift in the regulation mindset. Instead of trying to regulate for the next few decades, she advocated for a regulatory sandbox approach that embraces adaptability and responsiveness.
In order to unlock India’s AI potential, it is crucial to strike a balance between regulation and innovation. By embracing a flexible approach that allows for experimentation and adaptation, India can position itself as a leader in AI implementation and create a thriving ecosystem that fosters growth and innovation.
FAQ Section:
1. Why is excessive focus on regulations hindering India’s potential in the field of artificial intelligence (AI)?
– Excessive focus on regulations can result in wasted time figuring out what to do, according to Debjani Ghosh, the president of Nasscom. It is important to strike a balance between regulation and innovation to unlock India’s AI potential.
2. What percentage of companies worldwide are effectively utilizing AI?
– According to a report by IBM, less than 35% of companies worldwide are effectively utilizing AI. Debjani Ghosh described this figure as “terribly low” and emphasized the need to explore how to deploy AI at scale.
3. What guidelines has Nasscom released regarding the use of AI?
– Nasscom released guidelines that emphasize the responsible use of generative AI. These guidelines outline obligations for researchers, developers, and users of AI models and applications, emphasizing comprehensive risk assessments and internal oversight.
4. What approach does Debjani Ghosh advocate for in terms of regulation?
– Instead of trying to regulate for the next few decades, Debjani Ghosh advocates for a regulatory sandbox approach that embraces adaptability and responsiveness. This flexible approach allows for experimentation and adaptation.
Definitions:
1. Nasscom: Nasscom is the technology industry body of India. It acts as a trade association and advocacy group for the IT and IT-enabled services industry in India.
2. AI (Artificial Intelligence): AI refers to the simulation of human intelligence in machines that are programmed to think and learn like humans. It encompasses various technologies and techniques that enable computers to perform tasks that typically require human intelligence.
3. Generative AI: Generative AI refers to the use of AI models and algorithms to generate new and original content, such as images, text, or even music.
Suggested Related Links:
– Nasscom website: The official website of Nasscom, providing information about the organization, its initiatives, and the technology industry in India.
– IBM Watson: Learn more about IBM Watson, the AI technology developed by IBM that offers various AI capabilities and services.
The source of the article is from the blog dk1250.com