Important to regulate AI, data to get large scale benefits: N Chandrashekaran at B20 India

economictimes.indiatimes.com:

artificial intelligence (AI). In a country like India, with such a vast population, and the majority of it being youngsters, it can have a massive impact.

However, it’s important to allow this technology to integrate with regulations so that we can have the ability to build private applications on top of public infrastructure, said N Chandrasekaran, Chair, B20 India, and Executive Chairman, Tata Sons, India.
He was answering a question about his thoughts on the new Digital Personal Data Protection Act. He explained that to realise the power of AI, the right infrastructure was needed, which essentially meant that cloud data centres and access to digital devices for everyone in the country was going to be fundamental.

“Once that infrastructure is there, what we will do is enable the empowerment of businesses and society at large to be able to make that impact what we are talking about,” he said while speaking at the B20 India event here on Friday.

He added that in a country like India, about 250 to 300 million people have access to information, and access to goods and services which just multiplies the whole GDP to a different level.

“On the other hand, we talk about ageing economies. The ageing economies are also going to face longevity because of medical sciences, and all these people have to be taken care of and they don't have enough human resources to provide the kind of service that is needed,” he said.
AI will come in handy here and play an important role because the vast majority of the things that have to be taken care of can be done by AI.

“So the benefits are going to be different to different segments and in different markets. But everywhere it is going to create joy, it is going to create jobs, it is going to