JAM Trinity — These 3 Keystone Projects By The Govt Can Power India’s AI Revolution
1 April 2019 7:17 AM GMT
The digital revolution has had a significant impact on India and the JAM trinity ? Jan Dhan, Aadhar and Mobile numbers ? as succinctly put by Arun Jaitley, Finance Minister, has played a crucial role in it. These three projects have ushered a data revolution, changing the financial landscape of India and ensuring even the?
- Clearly, a positive offshoot of JAM has been in making India a "data-rich country", allowing India to maximise its data opportunity which we are seeing in the form of data localisation policy and India's draft Personal Data Protection Bill 2018.
- Let's take the example of China, where data monopolisation has led to improved AI outcomes, India is now on a similar Big Data path, using data cache to revolutionise its businesses, economy and overhaul the public sector.
- JAM trinity has been hailed for changing the financial landscape of the country, allowing India's marginalised to access government benefits.
- Now, this data localisation rule is part of the larger proposed Personal Data Protection (PDP) Bill which is expected to be tabled after the 2019 Lok Sabha elections.
- Beefing up digital infrastructure: Data localisation can pave the way for a strong digital infrastructure which can further the development of a strong AI startup ecosystem.
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