Comptroller and Auditor General Girish Chandra Murmu on Monday burdened on accountable use of synthetic intelligence, saying whereas this rising know-how has the potential to contribute $15.7 trillion (roughly Rs. 12,91,30,459 crore) to the worldwide economic system by 2030, it additionally raises considerations associated to privateness and equity.
In his opening remarks on the SAI20 Senior Officials’ Meeting, the CAG additionally advocated the necessity for stability between short-term progress and long-term sustainability of the blue economic system, because the blue economic system could make all of the distinction to planet earth and sustenance thereon.
SAI20 has chosen two themes representing new-age alternatives and considerations — blue economic system (sustainability facet) and accountable AI (rising applied sciences) — and emphasised the necessity for gender stability in sustainable progress in blue economic system and rules underlying accountable and moral use of AI.
As India holds the presidency of the G20, the Comptroller and Auditor General of India (CAG) is the chair for SAI20 — the engagement group of Supreme Audit Institutions (SAI) of the G20.
Recalling that the professional opinion within the just lately held seminar organised by SAI India in Lucknow introduced out the perception that democratisation of AI applied sciences is inevitable, Murmu mentioned, “Today we have reached a level where AI could contribute up to USD 15.7 trillion to the global economy in 2030”.
He mentioned AI has the potential to lead socio-economic progress and it may be used to profit residents and the nation via focused and well timed intervention.
Healthcare, retail, finance, agriculture, meals, water sources, setting and air pollution, training, particular wants, transportation, power, public security, catastrophe administration and judiciary are a couple of of the areas that AI has the potential to remedy.
“While AI offers many opportunities, it also raises concerns related to transparency and fairness.
“These points embody the impression of AI on privateness, bias and discrimination in AI programs, and insufficient understanding of AI algorithms by most people,” he said.
Murmu further said these problems are complex and interconnected, highlighting the need for responsible AI practices, where the fairness of solutions is ensured.
“The cornerstone of accountable AI is ethics. Ethics focussed on security and reliability, inclusivity and non-discrimination, equality, privateness and safety, safety and reinforcement of optimistic human values,” he added.
While explaining the criticality of the priority area, blue economy, CAG stated that it is an economic system that encompasses a spectrum of policy and operational dimensions aimed at conserving marine and freshwater environments while promoting their sustainable use, producing food and energy, supporting livelihoods, and acting as a driver for economic advancement and welfare.
Murmu emphasised that the Supreme Audit Institutions had an opportunity to ensure that the journey of exploring the oceanic resources does not follow the same path as exploitation of land by careful evaluation of management and regulation of businesses operating within the sector, with an emphasis on promoting sustainable practices that will benefit both current and future generations.
CAG explained that the unplanned and unregulated development in the coastal areas needed to be highlighted in audit, and at the same time governments had to be shown with evidence the importance of ensuring that the livelihoods of the people living in these areas do not get affected adversely.
SAIs from India, Australia, Brazil, Egypt, Indonesia, South Korea, Oman, Russia, Saudi Arabia, Turkiye and UAE are participating in the three-day event. Two representatives of World Bank are also attending the event.
