NR Narayana Murthy, a veteran of the IT sector and the founder of Infosys, emphasized on Sunday the need of implementing cutting-edge technologies, such as artificial intelligence (AI), in India, saying that technology is a “great leveller.” Speaking at the centennial commemoration of the Indian Chamber of Commerce in Kolkata, Murthy asserted that technology may assist in closing the gap between the wealthy and the underprivileged.
“Technology is about reducing cost. It’s about increasing revenues and profitability. So technology has a lot of value. It also does something that most people don’t realise. Technology is a great leveller. So we need technology in India if we want to reduce the gap between the well-to-do and the not-so-well. That’s what financial inclusion has done,” he said.
“My personal view is there are areas where we cannot do without AI,” Murthy said.
According to him, artificial intelligence (AI) has applications in fields including precision operations, illness detection, automated vehicles, and dangerous jobs where people might be in danger.
Murthy emphasized that in order to get respect for oneself and the nation, one must work hard and perform well.
“I urge the youngsters to understand that we have a great responsibility to fulfill the pledge of our founding fathers (of the nation). We have greater responsibility as enunciated by scriptures. We have to show fairness and justice to create opportunities for the less fortunate one. That is why we have to work hard,” he said.
Murthy also urged business owners to adopt “compassionate capitalism,” which is the practice of capitalism combined with the best elements of socialism and liberalism.
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