Vice President M Venkaiah Naidu called for an actionable strategy to make India a global leader in modern, cutting-edge technology. He wanted significant investments to be made in research and development so that India could become a world leader in technology exports.
Speaking at a Seminar organized by C.R.Rao Advanced Institute of Mathematics Statistics and Computer Science on “New Paradigms in Artificial Intelligence and Cyber Security” in Hyderabad, Vice President Naidu said that India embarked on a path of rapid growth and development and was aspiring to raise the economy’s size up to nearly USD 4 trillion by 2022-23.
He said use of technology and innovation was crucial to translate India’s growth into a real, tangible and positive impact on the lives of our people by addressing key development challenges like poverty, hunger, illiteracy, and disease.
Opining that Technological progress was essential to economic growth and development, Vice President Naidu pointed out that technology was helpful in improving the efficiency of processes, making businesses and governments more productive.
Mentioning that about 600 million young Indians were below 25 years of age, Vice President Naidu said that these technology-savvy youngsters present a demographic dividend and one must not fail to channelize their youthful zeal and acumen for national development.
Pointing out that disruptive technology such as Artificial Intelligence (AI) and Machine Learning (ML) have caused paradigm shifts in our way of life in the recent past, the Vice President said such advanced tools must be utilized to make people’s lives better.
‘We also, have to explore the possibility of using these technologies in small and medium enterprises (SMEs), small-scale businesses, and seasonal businesses to make the business processes more robust’, he added.
Expressing concern over the rise in cyber crimes and related offences such as corporate espionage, spying, financial crimes, identity theft, phishing, privacy compromises, Vice President Naidu said that Cybersecurity must be an essential part of our technology culture and it should not be an afterthought.
Asserting that safety and security of the nation and various institutions and individuals would be at risk of necessary security mechanism was not put in place, Vice President Naidu called upon cyber experts to dwell deep on the problem and come out with new ideas to combat these threats.
The Chairman, Governing Council and Member NITI Ayog, Dr VK Saraswat, Vice-Chancellor, University of Hyderabad, Prof. Appa Rao Podile, Director C R Rao Institute, Prof. D. N. Reddy, Project Director of ARCC, Cmdr. A. Anand, Invitees, Faculty, Scientists, Research Fellows were present at the event.