Infosys founder NR Narayana Murthy, on Sunday advocated the use of advanced technologies, including artificial intelligence (AI), in India, stating that technologies essentially reduce the gap between the well-to-do and the not-so-well people as it is a great leveller.
“Technology is about reducing cost. It’s about increasing revenues. It’s about increasing profitability. So technology has a lot of value. Technology also does something that most people don’t realise. Technology is a great leveller… That’s what financial inclusion has done. What you have experienced. So my personal view is there are areas where we cannot do without AI,” Murthy said during the ICC Centenary Celebration here.
He said AI can be useful in areas like automatic cars, precision operations, disease detection and hazardous operations, among others, where human beings may be exposed to high risk.
Murthy stressed on working hard for nation building and earning respect. “I urge the youngsters to understand that we have great responsibility to fulfill the pledge of our founding fathers (of the nation). We have greater responsibility as enunciated by scriptures. We have to show fairness and justice to create opportunities for the less fortunate one. That is why we have to work hard,” he said.
“The true measure of success in any organisation is its longevity. This is why I have such deep respect for those corporations in India that have stood the test of time and continue to grow…I humbly request that we embrace compassionate capitalism. Compassionate capitalism combines the best aspects of free-market capitalism with the compassion found in liberalism and socialism. By doing so, we can create a model for the world—an India that stands as a shining example of how capitalism can succeed while still uplifting the most vulnerable members of society,” he pointed out.
