The Indian Commerce Ministry has formed a task force to explore the possibilities of putting artificial intelligence (AI) to use in hastening domestic economic transformation, an official said on Friday.
"Commerce Minister Nirmala Sitharaman, who has constituted a task force on artificial intelligence (AI) for India's economic transformation, said that with rapid development in the fields of information technology and hardware, the world is about to witness a fourth industrial revolution," a Commerce Ministry statement said here.
"Driven by the power of big data, high computing capacity, artificial intelligence and analytics, Industry 4.0 aims to digitize the manufacturing sector," the statement quoted her as saying.
The 18-member task force will comprise of experts, academics, researchers and industry leaders and will explore possibilities to leverage AI for development across various fields, it added.
The panel will submit its recommendations to the government, industry and research institutions.
V. Kamakoti from IIT Madras will be the chairman of the task force, whose members include Anuj Kapuria from High Tech RoboticSystemz Ltd, Anurag Agarwal from CSIR, G.H. Rao from HCL Technologies and Aloke Mukherjee from DRDO.
While the task force foresees possibilities in economic transformation, the announcement also comes a day after the US Navy’s smart, Long Range Anti-Ship Missile (LRASM) was successfully test fired from a B-1B Lancer.
With inputs from IANS