India is working to build a modern, sustainable economy based on knowledge and technology. It is making progress towards becoming a developed nation by 2047.
Prime Minister Modi spoke of the massive and modern digital infrastructure that is being built in the country to ensure that all citizens are able to take advantage of the digital revolution. He also asked the tech industry experts to formulate a list of compliances that could be cut down.
1. Artificial Intelligence (AI)
Artificial Intelligence (AI) is a broad term for technology that includes computer vision, machine learning and expert systems. These technologies are being used by companies to automate their operations and boost efficiency.
While India has a world-class talent pool, top-tier universities and a robust startup ecosystem, the country’s development of AI is still behind that of other G20 countries.
Policymakers in India should take a fresh look at AI and its potential to shape national strategies, including its flagship initiatives such as Skill India, Make in India and Digital India. This will help them realize AI’s full potential and ensure that the country reaps its rewards in the short, medium and long terms.
2. Robotics
Robots are a great way to automate tasks and save time. They can help companies produce more products and improve their efficiency.
Robotics also have a big educational role, as they are often used in schools to teach students about STEM (Science, Technology, Engineering and Math) skills. It can help them understand the importance of these fields and showcase their talents.
The world of robotics is constantly evolving, combining AI and computer vision to create a new breed of intelligent machines that can move, jump and flip. They are also a great way to collect real-time data that can help businesses make smarter decisions.
3. Internet of Things (IoT)
The Internet of Things (IoT) refers to the billions of physical devices that are now connected to the internet, all of which are collecting and sharing data. This data can be used to help improve the functioning of businesses, healthcare systems or even homes.
For example, utilities have begun using IoT devices within power grids to monitor and alert users of outages, as well as to direct repair crews to the problem. This can save customers money and increase efficiency.
The IoT also has the potential to revolutionize industrial applications and smart manufacturing. It can connect machines, sensors and control systems into a highly integrated smart cyber-physical space that enables rapid product design and manufacturing.
4. Big Data
Big data is a term that describes voluminous sets of information that are challenging to manage using traditional data processing tools. It requires additional infrastructure to govern, analyze, and convert into insights.
Big Data is generated by a variety of sources, including transaction processing systems, customer databases, documents, emails, medical records, web clickstream logs, social media sites and machine-generated data. It is also a source of real-time information for businesses and organizations that want to improve their operations and performance.
The amount of data generated is enormous, with industry trends predicting that it will be more than doubled in the next five years. This large volume of information is essential for generating new insights that can drive innovation and change our world.
5. Cloud Computing
Cloud computing is an innovative and convenient way of using technology to store, access, and share information. It can be used by businesses, government agencies, and even individuals.
Cloud services are delivered through the internet, enabling customers to use applications from anywhere in the world, on any device. They also allow businesses to save on storage space and upgrade software more quickly.
There are three primary cloud service categories: SaaS, infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS). Each provides different benefits to users.
6. Robotics
Robots are increasingly becoming a critical part of society. They are being used in many fields to replace human workers and offer efficient results.
As a result, robotics is an important field of study for students from a young age. This will help them gain a skill set that is geared towards the future job market.
A recent report by the World Bank has highlighted how technology is advancing faster than our ability to train people for new jobs. With automation encroaching on industries and jobs, it’s crucial that we focus on skills and education now to future-proof India’s workforce.
7. Artificial Intelligence (AI)
Artificial intelligence (AI) is a technology that can help businesses automate repetitive tasks, connect with customers and identify patterns. It’s a powerful tool that can be used in manufacturing, health care and transportation.
The field of AI was once a relatively abstract concept, but has become increasingly tangible with advancements in natural language processing, computer vision, robotics and machine learning. It is now used to power cars and diagnose disease.
There are four major types of AI: reactive, limited memory, theory of mind and self-aware. Reactive AI relies on real-time data, while limited memory systems have memory, so they can use past experience to inform future decisions.