Hyderabad: Industries Minister K. Tarakarama Rao, who is leading a delegation of the Telangana state at the World Economic Forum (WEF) 2018, spoke at the session on “Global Tech and Local Solutions: Artificial Intelligence” on the sidelines of WEF, in Davos on January 26.
The minister remarked that technology solutions should first focus on streamlining processes and generating meaningful data so that the benefits of AI (Artificial Intelligence) can percolate to individuals and communities. He underlined the crucial role played by high-quality training and testing data in any machine learning algorithm.
He emphasized the need for governments to upskill themselves to maintain the desired quality in data collection.
The minister also discussed the Telangana government’s Open Data Policy, launched in 2016, which has now over 50 datasets open to public.
He explained that the open data policy stands out not just for its transparency, but also for the high quality of the data collected and for the scope of being used to derive meaningful insights or to build AI based solutions.
He said that the state plans to identify ‘Problem Statements’ and run hackathons based on the data collected once a critical mass of datasets reaches the platform.
He focussed on how the cultural, regional and linguistic differences need to be taken into consideration while generating local solutions, for the solutions that work in one part of the world may not work in another.
He reiterated that the onus lies on the governments to help people build local skills and get global firms to work locally. He added that a CoE (Centre of Excellence) in Data Sciences is one of the initiatives taken up by the Telangana Government in this regard.
Davos trip, a big success!
Telangana delegation led by Minister KT Rama Rao successfully completed their Davos tour. The delegation on the sidelines of World Economic Forum met global leaders and executive heads of world class companies in Davos.
In the meetings held at various venues including Telangana Pavilion at World Economic Forum (WEF) 2018, Minister KT Rama Rao spoke about the opportunities to invest in Telangana state highlighting Telangana government’s industrial policy, TS-iPASS, a single-window clearance initiative for investors.
The Minister thanked the organisers of the Forum and said, “World Economic Forum is an amazing platform to connect and network with biggest business leaders of the world.” The minister remarked that the tour was very fruitful as many world class companies have shown keen interest in investing in Telangana.
He said that Tech Mahindra agreeing to set up its centre in Warangal is one of the biggest accomplishments and added that it would give a major boost to the state government’s efforts towards developing IT sector in tier-2 cities. (INN)