Indian government is focusing on Data at the G20 meet to become a Data Science hub
The theme of India’s G20 presidency will be centered on data for development. It appears to be a well-planned move. Big data analytics and legacy data mining are expected to assist developing countries in growing faster, reducing economic disparities, ensuring equitable growth, and meeting the United Nations’ Sustainable Development Goals (SDGs) more quickly.
It also creates a slew of new opportunities for the Indian tech industry and institutions. India will account for 32% of the rapidly expanding global analytics market by 2025. The government appears to want India to become a data science hub. Big data analytics is expected to transform policymaking around the world, especially in developing countries. It is expected to be a quantum leap in poverty eradication efforts, assisting in meeting SDG goals more quickly. It has the potential to transform health and education by making social-welfare programs more targeted and focused.
India’s history as a software services powerhouse has already given the country the tools to become a superpower in artificial intelligence (AI) development. “AI is synonymous with software, and India is already a software superpower. I don’t believe there is any software company in India that does not use a machine learning (ML) model or training right now. “It is the next chapter of the software industry,” said the computer scientist known for his inventions such as the gesture-based wearable computer technology known as Sixth Sense, while delivering the closing keynote at the Mint AI Summit.
India has become a software superpower and is now among the top 2-3 software economies in the world. Smith told ET’s Surabhi Agarwal in an interview that the government’s move to rethink its data privacy law was an act of wisdom. He went on to say that India was quickly becoming one of the most influential nations in terms of the future of technology regulation, alongside the European Union, the United Kingdom, the United States, and China. He claimed that geopolitical tensions have sparked a new world order and that the talent crisis gripping major countries with aging populations represents an opportunity for India.