Union Budget comments by Mr. Ashwin Mittal, CMD and CEO, Course5 Intelligence Ltd
INVC NEWS
Mumbai ,
India’s Hon. Union Finance Minister Smt. Nirmala Sitharaman’s futuristic growth friendly Union Budget rightly envisioned the roadmap for India entering Amrit Kaal, the 25 year long leadup to India@100.
Analytics is the key to successful implementation of the multi-modal PM GatiShakti master plan with its seven-engine focus for economic transformation and inclusive development for India@100. FM highlighted that Artificial Intelligence (AI) as a sunrise opportunity while advocating promoting digital economy & fintech, technology enabled development; and we, at Course5 Intelligence, reiterate the importance of AI-led analytics and insights.
The role of analytics is more pronounced post global pandemic accelerating digital adoption by companies globally as they seek to digitize their core business model to remain economically viable. We, at Course5 Intelligence have been working with Fortune 500 global giants and it is good to see that the Indian Government is now aligned to this progressive global thinking. As FM included Data Centres in the harmonized list of infrastructure, we re-emphasize the significance of Data and Analytics, which is expected to account for 13.9% of the estimated total digital spend (US$2.39 trillion) by 2024.
The boost to startups will facilitate innovation required for Digital India. As the Government invites private participation in strengthening public infrastructure and seamless coordination between diverse pillars, we advocate the growing significance of AI-led analytics in Urban Planning. Clearly, the government is focusing on deep tech at an opportune time.
Till now the focus has been on the application layer which provided solutions to problems and business opportunities. A focus on deep tech will only highlight the significant role data analytics and AI can play in providing that strategic depth to the digitalization of India. With our rich experience in AI-driven data analytics and insights, we at Course 5 Intelligence look forward to support the tasks ahead.
