IT Ministry Plans to Set-up Data Exchanges in India, Mulls Over Data Protection Laws
Republic of india recognises the enormous potential of Large Data and analytics in enriching the economic system and the Ministry of Electronics and It (MeitY) is mulling over the pros and cons of setting up data exchanges in the country, a senior official said here on Mon.
"There is a need of information exchanges and the It Ministry building is at it," Gopalakrishnan S, Joint Secretary at the Information technology Ministry said while addressing the audience at the "Big Data and Analytics Conclave" organised by manufacture sleeping room FICCI.
From fraud detection and managing the traffic on the roads to helping farmers predict crop production and enabling doctors to practice accurate diagnosis of diseases, Big Data and analytics tin can solve real-life problems, Gopalakrishnan said, calculation that users should also exercise caution while sharing their information with different apps to prevent misuse of their information.
"Information technology is the users of smartphones and other devices who help generate the information. It is we who feed the information economy. Merely at that place is as well need to have a law to protect privacy of citizens in a data-driven economy," he said. Referring to the draft personal information protection law recommended by the Justice Srikrishna Committee last month, Gopalakrishnan said that Republic of india is likely to accept in place a data protection police within a few months.
"The data protection law volition not come in the mode of the industry legitimately using data. Any data which is anonymous in nature will not come nether the data protection police force," he said, adding that no country tin can generate as much data as Republic of india can. Simply earlier data exchanges, which accept the potential to allow diverse sectors of the economy to cash in on user-generated information, become a reality, a lot of standardisation would have exist washed, Gopalakrishnan added.
The need of having data exchanges was too advocated by Lovneesh Chanana, Vice President – Government Relations, SAP India.
"What India is missing at present is the necessary skill levels to take the data economic system forward and a multistakeholder dialogue. There is a gap of 80 per cent when it comes to skill availability for Artificial Intelligence (AI) alone," Chanana said at the caucus, calculation that co-ordinate to the forecast past the International Data Corporation (IDC), AI can add together $957 billion to the Indian economy by 2035.
Source: https://beebom.com/india-plans-to-set-up-data-exchanges-to-tap-potential-of-big-data-for-economy/
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