Emphasizing need to assume gravity of Artificial Intelligence, India hails launch of 'NSE Knowledge Hub'

New Delhi, January 06: "An investment in such a knowledge hub, an investment which directly connects our learners to become bigger earners in their life can lead to large scale benefits for the whole country", affirmed Commerce Minister Piyush Goyal on Monday while addressing the delegates at the launch of National Stock Exchange's initiative 'NSE Knowledge Hub' today.

 

The evolution of the National Stock Exchange to one of the world's top organisations in business has made nation proud. This initiative of NSE India is slated to help reset knowledge standards, make them far more contemporary and bring them on a live platform. "This is the greatest outcome I can foresee from the knowledge hub", Goyal noted.

 

 

Educating people about the potential in the financial world, about different areas in the financial world and superimposing artificial intelligence to tailor make it to each one's needs is truly a brilliant concept. BJP govt believes artificial intelligence in different forms, can help us achieve the $5 trillion benchmark over the next 5 years but also help us do it effectively and efficiently, he said.

 

"Preparing a workforce for the future of India, for a future where they have to handle a $5 trillion & going forward at $10 & $20 trillion dollar economy, preparing them from today is certainly an excellent way to begin the New Year", he added.

The Accenture report had said that artificial intelligence and machine learning has the potential to contribute nearly $1 trillion to the Indian economy by 2035. "Safety lies in engagement with the future, with modern technology, with modern tools and today's launch is a good beginning to make sure the financial world & our professionals don't get behind in the time to come", he affirmed.

 

PM Modi had earlier said that skill development has the potential to truly transform India, take India to the next level and provide children with contemporary knowledge. He wants ministries to get that sense of urgency in the whole team to understand the importance of artificial intelligence and how that can help us take the nation on the fast track.

"Its truly wonderful that the NSE India knowledge hub will give an individual the chance to assess his own aptitude and based on his own capabilities, artificial intelligence tools will help tailor a programme for his success in the future", the Commerce Minister said addinh that for economic activity as well as for social good, its a great opportunity to use artificial intelligence.