Regulatory impact assessment of the National AI marketplace of India
Creators: name: Shukla, Kushagra
name: S, Rashmi
Publisher: name: figshare
Year: 2024
Subjects: classificationCode: 460299
subject: Artificial intelligence not elsewhere classified

description: The National AI Marketplace in India is a campaign that seeks to improve the utilization of AI applications throughout different sections of the country’s economy. The initiative requires an assessment of regulatory impact that will check how the regulatory mechanism affects various AI implementers and elements within the marketplace. The assessment includes a section on legal compliance. Accordingly, we shall analyze the legal requirements and compliance measures applicable to the National AI marketplace, including laws governing data protection, rights of holding intellectual property, and licensing agreements, among others, which also involve other legal processes. The main goal of the marketplace is to encourage safe and responsible sharing of data. By using rules and ways that are always the same, people join to get access to many types of information. This helps make strong AI models while solving issues about keeping things secret or safe from harm. The main thing about the marketplace is how it speeds up invention times. A place for sharing rules, computer models, and research findings makes the development of AI move faster. This helps a country compete better worldwide with its use in problem-solving or making things work faster. Partnerships between public and private sector institutions are a big part of National AI Marketplace. They help government organizations team up with businesses to solve community problems together. This teamwork style promotes the making of answers together that match what a country wants. It makes AI's effects stronger on important problems we face. It's very important in the market to think about what's right. This includes making rules for how AI should be made, used, and put into action nicely. This promise makes sure that good things happening in the market match what society thinks is right. This also helps to reduce dangers related to using AI technologies. Understanding how important a trained workforce is in the AI world, The National Marketplace for AI joins education programs and training efforts. This money put into people's learning wants folks to get smart and skilled for handling the changing AI world. This will help ensure a lasting future for everyone who can use it properly. In the end, the National AI Marketplace is very important for our country's competitiveness, financial growth, and how we move forward as a society. It makes the country lead in creating smart machines. This helps them use tech to solve important problems and make life better for everybody. This project's success depends on the ongoing promise of interested parties to act right, have good control, and use AI for more than profits. Concept of AI: AI helps formulate one of the revolutionary technological paradigms that have over time sought to separate specific tasks for machines and dedicate them exclusively to human intelligence. The important feature of AI can be Machine Learning with its training algorithms to the extent that it works superior in future a development process. A salient feature of Deep Learning was the finding that it is a rather advanced kind of Machine learning by exploiting neural networks. The long-term goal of AI is to design systems that are adaptive enough and can learn from data collected in the past together with some trends, which theoretically should be retrieved without human interaction. This ambition is to design machines taught only with what we tell them, but that eventually learn from experience and grow as they come across different datasets. Application of AI: The typical user experience interactions are enriched via chatbots and virtual assistants thanks to the application of NLP technology used for understanding a scope of various questions. Furthermore, real-time language translation platforms utilize the features that AI possesses to achieve barriers in communications across linguistic boundaries. The function of AI in the safety and mobile technology fields is its implementation to recognize faces, creating powerful systems for identity authentication. In addition, computer vision applications that target AI can detect objects via object detection wherein identifying and classifying an image or video's components is made possible. With the help of AI, autonomy in robots is grounded extensively which assists them to carry out their practices leaving space for independence. Another supportive aspect is the collaboration of intelligence and robotics, in other words, robots that essentially work side-by-side with humans; they are known as collaborative robots. With the other forms of business technology all around, AI stands out in terms of being one of the best at studying and performing actions over large sets comprising big data. Further, predictive modeling inspired by AI enables which in turn helps organizations to forecast future trends and patterns therefore implementing preventative decision-making policies.