Rajasthan DigiTech Summit organized in city by CII Rajasthan

Posted On Fri, June 21, 2019, 7:00 PM

Jaipur: The city today witnessed an in-depth discussion on Internet of Things (IoT), Artificial Intelligence, Industry 4.0, Robotics, at Rajasthan DigiTech Summit organized by Department of Industries, Government of Rajasthan; Confederation of Indian Industry (CII) and IIT – Delhi Alumni Association. The theme for the summit was “Transforming Enterprises into Smart & Intelligent Businesses.” The summit was held at SMS Convention Centre, Jaipur.

According to Mr. Gupta, artificial intelligence and data analytics has great potential in doing risk profiling in rural areas. Government agencies are also adopting and applying technologies to deliver better in public sector.  He quoted various examples like sensors on roads to manage traffic and smart meters to save energy etc. He also shared that Government is also adopting technology in a big-way. He said that Rajasthan Government has applied AI in Police Department, Energy Department and soon will be using AI in Water Department and that Rajasthan Government has set an example for e-governance and service delivery.

Shri Abhay Kumar, Principal Secretary – IT, Government of Rajasthan explained GOR’s various initiatives related to start-ups. He said that start-up council has been redesigned and it has five ministers and all departments are members of it which will focus on factors and progress related to start up ecosystem in Rajasthan. He also elaborated on various initiatives that government has taken to support start-ups.

During his address, he shared that recently they have done analysis of 250 start-ups working in Rajasthan. He said that these start-ups have generated average 2000 indirect jobs. These indirect jobs numbers are significant for economy.

Addressing the session, Mr. Gaurav Goyal, Managing Director, RIICO Ltd & Commissioner, Bureau of Investment Promotion, Government of Rajasthan said we today are in the middle of a significant transformation in the way products are manufactured by digitalization of manufacturing systems. The transformation is so significant that it is now termed as 4th Industrial Revolution. The 4th Industrial Revolution is about end to end digitization of the entire manufacturing process which does not stop into factory premises, it goes beyond it and do further integration of products and process with larger digital ecosystem.

Addressing the house, Mr. Sameer Gupta, Chairman, CII Northern Region & Chairman and Managing Director, Jakson Group explained in detail on Artificial Intelligence and its implications in daily life. He said that AI take and process data, adjust it according to the experiences and use the data to improve decisions. He further said, it is indeed future of technology and it is going to impact every single aspect of industry and society. According to him; speed, accuracy and endurance makes AI machinery significant. He also cleared doubts that applying AI machines will create unemployment. He said that it would create more numbers of employment opportunities. Artificial intelligence has done specific remarkably well in health and financial sectors along others.

Talking about technology and its success, Mr. Sanjay Srivastava, Business Head, Mahindra World City (Jaipur) Ltd & Director – Origins Ahmedabad said the opportunity of leveraging Artificial Intelligence, IoT is multifolds. The real value addition which will come from all the technology is can only be leveraged if we have focus on opportunity to solve real world problems. Therefore, if we focus on how the real time data is being captured, convert it into a decision-able or actionable item and with that solve the real world problem which adds value to the customer that is what we will call technology success.

Mr. Jagmal Singh, Chief Technology Officer, Paisabazar talked about how to use technology for the growth of your organization. He mentioned to always keep in mind that software (artificial intelligence, data analytics etc.) is eating the world of business. According to him, gradually or slowly, every industry is going to be revolutionized by software. Explaining how apps like Facebook, Angry Birds and Pokemon Go took 2 years, 35 days and 19 days to reach the 50 million users target, he said that, “If you have found the product market fit of your idea or your product, today’s world allow you the ability to scale much faster than anything else.”

While welcoming the guest Mr Anand Mishra, Chairman, CII Rajasthan said that Small and Medium Enterprises (SMEs), which form the backbone of Indian manufacturing can leverage Industry 4.0 technologies to become more agile, enhance productivity, streamline costs and reduce risks. The sooner they evolve to meet modern business needs, the more they will stay relevant and secure new business on a global scale. 

Mr Nitin Gupta, Director & Head, CII Rajasthan highlighted the importance of subject & said that the job profile will change, new jobs will be created as many new skills are required to manage Artificial Intelligence, He clarified that there will be no loss of employment. New technologies inadvertently require new skills and trained Industry 4.0-ready workforce especially in areas of cognitive robotics, advanced automation and industrial ICT.

In the end, Mr. Rohit Koshy, President, IIT-Delhi Alumni Association proposed a vote of thanks and shared that more than 300 participants from various industries, business houses, academia and IITs participated in the summit today.

This press release is posted under categories Business

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