In February this year, Google Research India had
announced 6 AI-based research projects in India which would concentrate on
addressing community, humanitarian, and environmental challenges in sectors as
healthcare, disaster prevention, education, and discussion. Investments are
going to focus on 4 parts vital to India's digitization:
First, enabling inexpensive access as well as
information for every Indian in their own language, whether it's Hindi,
Punjabi, Tamil, or some other.
Second, building new products as well as
services that are deeply applicable to India's needs that are distinctive.
Third, empowering companies as they keep on or
embark on their digital transformation.
Fourth, leveraging technology and AI for social
good, in areas as health, education, and agriculture.
Just 4 years back, just one-third of all
the small enterprises in India had an internet profile. Nowadays, twenty-six
million Small and medium companies are discoverable on Maps and Search, driving
connections with over 150 million users each month. What is more often, small
merchants across the nation are now equipped to accept digital payments. It has
made it possible for small businesses to become part of the formal economy, and
it improves their access to credit.
Google's $10 billion (Rs
75,000 crore) investment for India Digitization Fund to help you accelerate
India's digital economy investment will help Indian startups to create new
products as well as services applicable to India's needs that are distinctive
and empower companies. Google will achieve this through operations,
partnerships, and equity investments, infrastructure, and ecosystem
investments. This can assist us to leverage Artificial Intelligence for social
good in areas such as conversation, disaster prevention, education, and health.
There's immense scope for Google to deploy artificial intelligence &
undertake new initiatives in the area of agriculture, weather prediction,
healthcare in the wake of Covid 19 challenges, and above all in digital
Google CEO Sundar
Pichai said that Google's investment will be targeted at developing
infrastructure as well as funding digital innovation of India with the
following 5 to 7 years. The move will be a huge boost toward realizing India's
perspective of making India a $1 trillion economy.
The new fund will focus
on advertising Indian startups. India's app economy is actually growing
extremely powerfully, though we mustn't simply download apps. It's essential
also to publish apps from India.