Indian Digital way – A changing life style

In a world where populations are often becoming older, India has one of the youngest populations. By the year 2022, the median age in India will be 28 years old, whereas the median age in China and the United States will be 37, the median age in western Europe will be 45, and the median age in Japan will be 49. The number of people living in India who are of working age has recently surpassed the number of people who are not of working age. It is believed that the demographic dividend began about 2004-2005, and it will continue to be accessible for almost fifty years. This is an incredible chance that you won’t want to miss. There are nevertheless two exceptions to this rule.

Artificial Intelligency & Machine Learning development in India

The introduction of Aadhaar, the world’s largest identification project, marked the beginning of India’s path toward digital inclusion. This project provided a platform for all residents to have a digital identity, which may open the door to a wide variety of opportunities. The increased adoption of emerging technologies over the past few years, such as Artificial Intelligence (AI), the Internet of Things (IoT), and Big Data, is paving the way for a more digitally inclusive society. This society will ensure employment, independence, and the overall well-being of people from various strata of society without any bias. India’s technology service industry has been at the forefront of pushing technology-enabled corporate change around the globe over the past couple of decades. India is not only emerging into a digital powerhouse, but it is also dominating the worldwide market thanks to projects such as Aadhar, Aatma Nirbhar Bharat, and Digital India, as well as technology such as data analytics and artificial intelligence.

There are countless ways that AI may be used in everyday situations. For instance, intelligent and linked sensors that are put on water sources can contribute to the determination and management of the population’s drinking water quality. The use of AI in a variety of fields is producing a society that is more welcoming, safe, and secure, and in which every individual has the same possibilities to realise their full potential.

In the field of agriculture, artificial intelligence and machine learning, in conjunction with image recognition and drone technology, may be used to help monitor crops, anticipate yields, promote precision farming, stabilise yields, analyse soil quality, and predict economic advantages from future harvests. In addition to the aforementioned, providing forecasts for the weather, planting, pest management, and input control can assist farmers in increasing their revenue.

Along with its applications in eGovernance and to lessen the burden of compliance, artificial intelligence may also help to track and analyse the problem of tax evasion in the Goods and Services Tax Network (GSTN), which is another area where AI can help.

The Government of India (GOI) has announced the commencement of Project Insight, an initiative that would use machine learning to investigate financial crimes and uncover black money.

It is possible that AI might enhance the Khoya paya site by incorporating an Automated Facial Recognition System (AFRS), which would guarantee a seamless interchange of information to prevent and solve crimes, locate missing individuals, and catch criminals.

The Swachh Bharat App employs artificial intelligence to determine who the recipient is by using face recognition software. It also digitally verifies the condition of toilets and compares photographs to the GPS coordinates that are supplied by cellphones.

IRCTC Connect has implemented an AI-enabled chatbot known as ‘Ask Disha’ in both English and Hindi to assist users in finding solutions to their text-based and voice-based questions.

While the adoption of artificial intelligence (AI) in a variety of fields is a particular emphasis of the government, which has also undertaken a number of initiatives in this direction, other industries are also prioritising their businesses by implementing AI.

Initiatives Under Digital India

The goals of the Digital India plan are used to categorise the many efforts that are being carried out under the programme. The following are some of the efforts that are part of Digital India:

Infrastructure
As part of this strategy, the government will be implementing a number of projects that will assist in the development of a dependable digital infrastructure. Some of the programmes that fall under this category are as follows:

One of the most important aspects of the “Digital India” initiative is the AADHAR programme, which issues a one-of-a-kind identification number to every citizen and permanent resident of the nation.
Bharat Broadband Network, often known as BBNL, is the organisation responsible for protecting Digital India. In India, the establishment of the National Optical Fiber Network, abbreviated as NOFN, is required by law.

Center of Excellence for the Internet of Things (CoE-IT): The primary purpose of the centre is to develop new capabilities for specific domains as well as novel applications.
CERT-IN is an organisation that was established with the purpose of safeguarding the online environment in India.

Common Services Centres (CSCS): CSCs are the access points for the delivery of critical public utility services, healthcare, social assistance programmes, financial, educational, and agricultural services. CSCS stands for Common Services Centres of Canada.

Cyber Swachhta Kendra: The objective of this project is to make cyberspace more safe by identifying botnet infections in India and then notifying, enabling cleaning, and securing the systems of end-users in order to stop any future infections from occurring.

The Deen Dayal Upadhyaya Gram Jyoti Yojana is one of the most important initiatives run by the Ministry of Power (MoP). Its goal is to ensure that all of rural India has a steady supply of electricity.

A digital wallet designed to provide citizens more digital freedom, DigiLocker.
The Digital Saksharta Abhiyaan (DISHA) is an initiative that intends to educate 52,500,000 people in information technology.

This platform, known as the Digitize India Platform, allows for the digitalization of scanned document pictures as well as actual documents.

Digital Banking in India

The process of digitising, also known as digitalizing, banking services has resulted in the establishment of a robust network that enables the rapid distribution of banking services all over the world. India has become more effective in narrowing the transaction gap between its rural and urban areas as a result of the introduction of digital banking services.

The shift in attitude toward conducting business without using cash has resulted in a fundamental alteration of the way online banking services are provided. The government initiatives as well as banks (private and public) efforts in implementing digital services such as internet banking, mobile banking, payment of various utility bills, online-ticket booking, digi-lockers for investors (investment), etc. has created a sense of technical significance among rural population. The availability of favourable network conditions is a significant factor that contributes to the success of digital banking services in both urban and rural areas of India.

By reducing the parallel economy, making commercial transactions more convenient, and increasing transaction transparency, digital banking may help rural economies become more self-sufficient. Banking services may be delivered more quickly thanks to an efficient payment and accounting system. The government of India and the Reserve Bank of India (RBI) have made a number of steps to support the growth of E-banking in rural India. India’s IT Act of 2000 recognises electronic transactions as legitimate. It is only when the digital approaches are integrated into rural economic development that the digital efforts can be judged to be effective

The primary notion of IT-based services for customer satisfaction is being introduced by banks on a regular basis. Banks’ most popular digital banking services include:-

• Automated Teller Machines (ATM)
• Credit Cards
• Debit Cards
• Smart Cards
• Electronic Funds Transfer (EFT) System,
• Mobile Banking
• Internet Banking
• Telephone banking
• Electronic Clearing Services

Conclusion

Compared to urban clients, just a small percentage of rural residents have embraced digital technologies up to this point. However, as the number of people with access to the internet grows, banking institutions are stepping up their efforts to encourage rural customers to switch to digital payment methods. Banks can now serve rural consumers with minimum additional expenditure on the supply side, thanks to technological disintermediation. The Indian economy is rapidly becoming one of the world’s biggest and most powerful.