Future of AI: Ethical considerations and technological advancements

New Delhi,UPDATED: Jul 8, 2024 15:29 IST

In the fast-paced realm of AI, maintaining a competitive edge demands not just technological expertise, but also strategic wisdom gleaned from industry frontrunners. From navigating ethical considerations to harnessing the full potential of AI-driven solutions, this requires strategies and best practices for shaping the future of AI adoption.

Technology's impact on society is undeniable. As Sukhesh Madaan, CEO of Blaupunkt Audio India, says, "Technology is what drives the world today. From entertainment to medicine to education, everything in our lives is powered by technology." This ever-evolving field allows us to constantly push boundaries and reach for higher goals.

Over time, we have seen specific advancements in the sector and beyond. AI, machine learning, and cloud computing are revolutionising numerous areas of Indian society, including education, healthcare, supply chain management, and agriculture.
Industry leaders across these sectors shared their insights.

DEMANDS OF MAINTAINING A COMPETITIVE EDGE IN AI

Aman Mittal, Vice President of Lovely Professional University, highlights the potential of AI: "The AI landscape holds immense potential for driving success in this era. It helps to unlock unprecedented opportunities and gain a competitive edge." Universities alike are empowering students with the skills and knowledge to thrive in this dynamic landscape.

'AI is revolutionising manufacturing and supply chains, reshaping how goods are produced and distributed. The widespread adoption of AI-based solutions across supply chains is evident, driving improvements in quality, efficiency, visibility, and sustainability. From employing machine vision for enhanced quality control to leveraging predictive maintenance with AI and IoT and optimising operations through automation and machine learning-driven planning, AI use cases are becoming increasingly prevalent.' Says Ram Bhutani, SVP, BizOps, Bar Code India.

Virendra Sharma, Practice Director -Customer Experiences, Advaiya mentions that, "Embracing the ethos of unlearning and relearning is paramount, as the pace of technological evolution renders past expertise obsolete. To thrive, invest in nurturing AI proficiency within the IT cadre, cultivating a team versed in data science and machine learning. A customer-centric ethos underscores the AI initiatives, pinpointing areas ripe for enhancement through AI-powered solutions."

ETHICAL CONSIDERATIONS IN AI DEPLOYMENT

Dr Rubini P, Professor & Head - School of Engineering & Technology, CMR University, "The AI Era revolutionises business landscapes, urging leaders to leverage technology not only to keep pace but to surpass competitors and redefine industry norms. Navigating this era necessitates a deep understanding of AI capabilities and boundaries. Leaders stress equal investment in talent and technology, ensuring teams proficiently use AI tools to foster innovation. Ethical AI deployment is paramount, ensuring technology augments services while upholding values. Technology Day insights are invaluable for shaping a tech-savvy, progressive corporate culture."

Through strategic leveraging of technology, organisations can harness the power of AI to drive innovation, streamline operations, and unlock new opportunities for growth and success.

As we navigate the AI landscape, it is imperative for businesses to embrace a forward-thinking mindset, foster a culture of experimentation, and prioritise collaboration across disciplines. By doing so, we can collectively propel the AI era forward, driving unprecedented advancements and redefining the way we work, create, and interact with technology.