EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Is Generative AI beginning to deliver on its promise in India? AIdea of India update
Know more
One of the key factors that can contribute to greater impact through AI deployment is access to data. We specifically need to focus on improving access to vast amounts of high-quality open and proprietary data, which in turn will enable the development of newer and high-impact AI use cases. Data is a critical component of AI development. We require updated, relevant and customized datasets to move towards more sophisticated and capable AI models. These datasets are also needed for the development of newer AI use cases that can automate redundant tasks or solve pertinent challenges.
Continued development and deployment of complex and capable AI models will require access to both open and proprietary data. This makes the role of the government crucial, as AI policy and other facilitation efforts may help open up government data for wider use in terms of AI innovation in India. In the private sector context, with the right incentives and safeguards, businesses may create new revenue streams by monetizing or licensing their proprietary data.