Key challenges
Lack of clear regulatory guidelines and data privacy & misuse
Budgetary support for AI deployment in pockets
Demand-supply gap for skilled AI professionals
Lack of public awareness
Industry ask
Invest in AI infrastructure such as high end hardware, software
Encourage public-private participation through transparent schemes to encourage AI adoption
Increased funding for AI research through a greater thrust on R&D, such as academic institutions, innovation centres, and a thriving startup ecosystem
Tax incentives for firms investing heavily in AI R&D
First Published: Jul 14 2024 | 11:39 PM IS