The fourth industrial revolution will be based on artificial intelligence which in turn depends on ‘data'. What are the factors affecting the location of ai industry globally? Where does india stand in this context?
Answers
The Fourth Industrial Revolution is well underway in India – many people just haven’t realized it yet. Entrepreneurs, CEOs, company founders and start-ups are rapidly adopting technologies involving AI, the Internet of Things (IoT), 3D-printing, advanced robotics and neuroscience. Quietly and with firm resolve, visionary leadership in Indian industry is bringing the country into the arc of progress sweeping the world. From water pumps, railway coaches and chai shops; to burger chains, telecom towers and warehouses, the technology of the Fourth Industrial Revolution is taking root in different businesses, from global corporations to domestic firms and start-ups.
The text below is excerpted with permission from Kranti Nation: India and The Fourth Industrial Revolution, by Pranjal Sharma. Published by Pan Macmillan India.
In Sanskrit, the word for revolution is kranti. It has been associated mainly with India’s fight against British occupation, but the word defines revolution at a very grassroots level.
A new kranti is happening in the country now. This kranti for India has a larger meaning. To coin an acronym, KRANTI is Knowledge, Research, and New Technology in India. Indian industry is now being driven to invest in research and knowledge on how best to grow with these new technologies.
For India, the Fourth Industrial Revolution brings tremendous opportunities to leapfrog many stages of development, hastening its journey towards becoming a developed economy. In many ways, the Fourth Industrial Revolution is a leveller. The technologies being used in India will be the same as those in use in the developed world. Robots, AI, IoT are all technologies transforming industry in the West and are ready to do the same in India.