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The important question is how policies should keep pace with the rapid pace at which these emerging technologies are disrupting our lives and changing business models
PremiumDigital Transformation was the overarching theme of the first edition of the Mint Digital Innovation Summit 2019—a platform where technology, business, and culture converge—held in Bengaluru this March. The Summit brought together business leaders, innovators, entrepreneurs and change-makers who are passionate about addressing major global issues by turning ideas into solutions.
The broad theme of the first edition of the Mint Digital Innovation Summit included digital life, cutting edge technologies—machine learning, deep learning, computer vision and a suite of other artificial intelligence technologies—virtual reality, augmented reality, mixed reality, robotics, 3D printing, smart cities and connected health.
Most of these significant and disruptive technological changes—from artificial intelligence to gene editing to commercial space travel—are rapidly changing the way we live, work, play, do business and interact with government authorities.
This is why we tied up with EY to institute the EY-Mint Emerging Technology Awards this year. It will now be an annual exercise that is aimed at recognizing the efforts of companies in India that have adopted emerging technologies across categories like artificial intelligence (AI), internet of things (IoT), robotic process automation (RPA), Robotics, Blockchain, 3D Printing and augmented reality-virtual reality.
As the lead story will reveal, the boundaries between industries are blurring with the advent of the digital era. In particular, health care, mobility, and financial services are industries most affected by convergence.
Further, as the story will point out, technologies like IoT, Blockchain, AI and RPA are increasingly converging under a single digital disruption umbrella.
In this context, the important question is how policies should keep pace with the rapid pace at which these emerging technologies are disrupting our lives and changing business models.
Singapore, for instance, has released a set of national standards to guide the local industry in the ‘safe’ development and rollout of autonomous vehicles, outlining guidelines related to vehicle behaviour, functional safety, cybersecurity, and data formats.
India will need similar policies, not just for AI, IoT, robotics (as it did for drones) and blockchain but also strengthen its data protection and privacy laws and not just leave it to “informed consent", which in most cases is uninformed or simply unavoidable consent.
Other than these pieces, we also have views on how AI combined with genetics has the potential to address the malaria menace and even improve our diet to help us lose weight, if applicable.
It’s our sincere hope that you will be able to draw meaningful insights from the enriching sessions at the Mint Digital Innovation Summit, which we bring to you in this edition of the Digital Dossier.
Leslie D’Monte is senior associate editor at Mint.
Respond to this column at leslie.d@livemint.com
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This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
