{"id":151,"date":"2020-10-27T10:56:52","date_gmt":"2020-10-27T10:56:52","guid":{"rendered":"https:\/\/blogs.isb.edu\/sritnetechtalks\/?p=151"},"modified":"2025-12-31T09:46:22","modified_gmt":"2025-12-31T09:46:22","slug":"future-of-work-summit-2020","status":"publish","type":"post","link":"https:\/\/blogs.isb.edu\/sritnetechtalks\/2020\/10\/27\/future-of-work-summit-2020\/","title":{"rendered":"Future of Work Summit 2020"},"content":{"rendered":"

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A post-pandemic world is the new reference to the era that we all are living in. The things of the past are being replaced at an accelerated pace. The future of work is here, and Artificial Intelligence (AI) is integral to its essence.<\/p>\n

The Future of Work Summit, which showcased our recent research on AI, was jointly hosted by Srini Raju Centre for IT & the Networked Economy (SRITNE) & Intel India as part of Intel\u2019s all.ai 2020 Summit, a virtual four-day conference in collaboration with the Govt. of India, Govt. of Telangana and IIIT-Hyderabad. The summit was uniquely positioned to leverage AI by revolutionizing policy to measuring impact.<\/p>\n

The session commenced with an introductory keynote by Jeffrey Rittener, Chief of Government Affairs, Intel Corporation. He elaborated on the role of government in making AI work at population scale.<\/p>\n

Following his talk, Professor Rajendra Srivastava, Dean and Novartis Professor of Marketing Strategy and Innovation, ISB spoke about the role of scientific and academic research in advancing our understanding of AI\/ML to build the workforce of the future, driving policy change and improving opportunity for all. \u201cIf data is the new oil, AI\/ML is the new internal combustion engine.\u201d, said Professor Rajendra Srivastava on whether AI is essential to the Future of Work.<\/p>\n

\"Dean<\/p>\n

The session was followed by a state-level perspective by Jayesh Ranjan, IAS, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments, Government of Telangana. \u201cTelangana State (TS) has a clear policy and a dedicated body with the best talent to convert policy into action,\u201d he said. He also reiterated that TS has announced 2020 as the year of AI, and the pandemic has put the health sector ahead of others to use new technologies.<\/p>\n

\"Jayesh<\/p>\n

As the evening progressed with diverse perspectives flowing in from industry, academia and state-government, the stage was set to bring a more broader perspective for unlocking India\u2019s potential using AI and understanding the initiatives of the central government to achieve this potential. Dr. K. V. Subramanian, Chief Economic Advisor, Government of India spoke about deployment of AI in the financial sector. According to him, banks, including private ones, are using these analytical models primarily in the context of retail lending and have not used much in corporate lending.\u00a0\u201cSo, the Indian banking sector can really benefit from implementing AI\/ML especially in the context of corporate lending \u2026 and evidence shows that when the better models are employed, banks that employ such models are able to grow their balance-sheets in a very robust manner without suffering quality issues. This is a very important opportunity,\u201d he said.<\/p>\n

\"Dr.<\/p>\n

Dr. Subramanian also mentioned that the use of these emerging technologies in the agriculture sector can enable better crop choice and crop diversification which are some of the key issues that exist in the country.<\/p>\n

The event was also graced by the presence of Hon\u2019ble Shri Dr. Ashwathnarayan C. N., Deputy Chief Minister, Government of Karnataka. He spoke about the application of AI in the state of Karnataka, and its successful implementation in healthcare in response to the pandemic.<\/p>\n

In the concluding session of the Future of Work Summit, SRITNE-ISB and Intel launched the report titled, \u2018The Impact of Artificial Intelligence (AI) on the Indian Labor Market.\u2019 Commissioned by Intel India and conducted by the Srini Raju Centre for Information Technology and the Networked Economy (SRITNE) at ISB, the study assesses the size and scope of the impact of AI on businesses, including shifts in the quantum and nature of employment and human capital development. The findings of the report are based on two surveys:<\/p>\n