Prasad was speaking at the Artificial Intelligence summit organized by the Government of India. Prime Minister Narendra Modi, Mukesh Ambani, Chairman, Reliance Industries, and IBM’s chief executive Arvind Krishna were among the speakers.
“Technology keeps on evolving. Its pace and speed overtakes us and at times overwhelms us,” he said. “Ladies and gentlemen, we are very clear about one thing. AI would become meaningful only when it brings in a palpable improvement in the quality of life of ordinary Indians.”
Prasad said as digital India is aimed at digital inclusion, the government wants AI to further promote that inclusive character of the development.
“We are very sure that India’s AI ecosystem is going to promote a large pool of skilled professionals who will be there to manage India’s AI ecosystem and also the world,” Prasad said. “We have no problem that our friends who are managing AI, startup or corporate, create more, serve more, deliver more, and earn more.”
He said digital India has improved governance through digital delivery of services, direct benefit transfer, establishing a digital market for farm produce, digital literacy, and digital payment. He added that the government has transferred $172 billion into more than 370 million banks accounts of the poor for various welfare measures through direct benefit transfers, saving close to $23 billion.
Prasad said Prime Minister Modi is passionate about empowering the lives of ordinary Indians through the power of technology and has directed the ministers to apply AI to improve governance and processes.