AI will become the main development trend in the coming years, reiterated Ambassador of Vietnam and High Commissioner of Fiji

In their Keynote speeches, H.E. Mr. Pham Sanh Chau, Ambassador, Socialist Republic of Vietnam, and H.E. Mr. Yogesh Punja, High Commissioner, the Republic of Fiji, New Delhi, highlighted the importance of AI and other emerging technologies at the Seminar on AI/ML, Blockchain and DigitalTransformation organized by The Policy Times on June 13, 2019 in New Delhi.

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AI will become the main development trend in the coming years, reiterated Ambassador of Vietnam and High Commissioner of Fiji
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Artificial Intelligence, Blockchain and social media are rapidly changing the business landscape. These are not only affecting the operations but also the overall ecosystem. In order to grow and be successful, Digital should be an extensive buzzword embedded within the company culture.

The Policy Times (https://thepolicytimes.com) has organized a Business Seminar cum training workshop on “AI/ML, Blockchain and Digital Transformation” and their role in business decision-making. The event brought the businesses, startups and entrepreneurs closer to the technologies. The Future Digital Conference has been a milestone towards creating an ecosystem for tech-preneurs and aspiring entrepreneurs.

The one day-long Seminar has been interactive, insightful, strategic and practical conference with the techgurus, techpreneurs and industry leaders will help the participants to understand the social media, artificial intelligence and Blockchain technologies and will help the participants to use those technologies in their business. The speakers were proclaimed professionals from the Indian Ministry and top notch IT professionals.

In his Keynote Speech, H.E. (Mr.) Pham Sanh Chau, Ambassador, Socialist Republic of Vietnam, New Delhi he effectively pointed out the increasing trend in the adoption of Big Data Analytics.

He added, “The development and application of AI technology is developing rapidly, which is greatly impacting on the economy and society development. AI will become the main development trend in the world in the coming years. China and United Kingdom have estimated that AI-related activities and trade will account for 26% and 10% of GDP by 2030. In addition, AI will become a factor which will change all the factors of production and export. According to some recent studies in China and UK, about 46% of the workforce in China and UK will participate in entirely new jobs or deploy in new skills-demanding jobs by 2022.”

Many countries have soon developed AI policies and implemented AI ecosystem development plan, namely: (1) The US has published its AI report in December 2016; (2) France has announced its AI strategy in January 2017, followed by a detailed policy document in March 2018; (3) Japan has released a AI policy document in March 2017; (4) China announced AI strategy in July 2017; He released an industrial strategy in November 2017. India has also issued a national strategy for artificial intelligence in 2018.”

Artificial Intelligence, Blockchain

H.E. (Mr.) Yogesh Punja, High Commissioner, the Republic of Fiji, New Delhi, he in his speech traced out how India has become a Cashless Economy with the help of emerging technologies. “Imagine the future of work when IQ of Artificial Intelligence will be 10,000 where an average IQ level of a human is between 100-120. About 12% increase in digital contributes to 1% increase in GDP and India has immense to benefit”, he said.

Dr. Hanif Qureshi, IPS, Inspector General of Police, Haryana, DR. he successfully pinpointed the modernization of the data management system of Indian Police. MR. Badruddin Khan, Private Secretary to Governor of Manipur and Officer on Special Duty, Government of Manipur & Member, EC & Secretary, IICC.

In the first half of the workshop after the inaugural session discussion was regarding digital transformation and business strategy. Two eminent and decorated speakers Mr. Sunil David, Regional Director (IOT) Member of IET & IOT India Panel, emphasized and explained the concepts and keynotes of Internet of Things or IoT.

The second session hovered around the Technological Understanding and Applicability as well as the rationale of investing in Blockchain startups. This session has been held by Mr. Anurag Yadav who is the Co-founder and CEO of Primafelicitas LLC. He expressed his deep knowledge about Blockchain technology and mesmerized the audience with his charismatic presentation. The third session focused on the transforming India through implementation of AI and ML with the help of case studies followed by a question answer session. This session has be chaired by Dr. Pavan Duggal, Advocate, Supreme Court of India; Head – Artificial Intelligence Law Hub, he briefed the legal implications of AI and ML.  MR. Ramesh Verma, Chapter President, Global Association of VR & AR. focused on the practical applications of AR and VR (Augmented Reality and Virtual Reality) in doing so he presented two videos before the audience in order to help the audience to develop a better understanding. Mr. Deepesh Mishra, Co-Founder and CEO, Micothlab Pvt. Ltd and a proclaimed corporate trainer enlightened on the concepts of AI, ML and Blockchain.

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AI will become the main development trend in the coming years, reiterated Ambassador of Vietnam and High Commissioner of Fiji
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In their Keynote speeches, H.E. Mr. Pham Sanh Chau, Ambassador, Socialist Republic of Vietnam, and H.E. Mr. Yogesh Punja, High Commissioner, the Republic of Fiji, New Delhi, highlighted the importance of AI and other emerging technologies at the Seminar on AI/ML, Blockchain and DigitalTransformation organized by The Policy Times on June 13, 2019 in New Delhi.
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The Policy Times