Book Review: ‘AI Rising’ by Jayanth N Kolla and Leslie D’Monte

India's AI paradigm towards the Future

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Book Title: AI Rising: India’s Artificial Intelligence Growth Story
Author: Jayanth N Kolla and Leslie D’Monte
Publisher: Jaico Publishing House
Number of Pages: 272
ISBN: 978-9393559845
Date Published: Jun. 20, 2023
Price: INR 434

AI Rising by Jayanth N Kolla and Leslie D'Monte

Book Review

Artificial intelligence (AI) has the potential to change how we live. AI presents opportunities to complement and supplement human intelligence and improve people’s lives and work by enabling high-level cognitive processes like thinking, perceiving, learning, problem-solving, and decision-making combined with data collection and aggregation advances, analytics, and computer processing power.

India, the world’s fastest-growing economy with the second-largest population, is interested in the AI revolution. Recognizing AI’s potential to revolutionize economies and the necessity for India to strategize its approach, the Hon’ble Finance Minister authorized NITI Aayog to establish the National Programme on AI to drive the study and development of new and emerging technologies in his budget speech for 2018 – 2019.

In this regard, authors Jayanth N Kolla and Leslie D’Monte provide the globe with a compact and straightforward book named “AI Rising: India’s Artificial Intelligence Growth Story“, which contains practical and realistic AI information. The book is organized into three parts, and the information is separated into chapters. With the Central Government focused on the development of AI in our nation, the book’s second chapter – Artificial Intelligence in India – is one of the most fascinating and unique to read. The chapter is divided into smaller sections that discuss India’s viewpoint and the Future of AI in the country in a way that will aid the country’s prosperity.

Indian firms are quickly catching up when integrating artificial intelligence (AI). According to a recent poll, more than half of the top 1000 Indian enterprises are moving beyond pilot and test projects and implementing AI on a broader scale. The Digital India project of the Indian government has also established a favorable regulatory environment for the growing usage of AI.

Similarly, Indian banking and insurance businesses are structurally resilient and have deployed sophisticated AI engines to acquire new customers, cross-sell/upsell existing customers, and have AI deployed for robust risk management and fraud detection scenarios and hypotheses to mitigate any unforeseen scenarios in the financial setup. Banks and insurance companies have also set consistent governance guidelines for AI compliance and laws to minimize bias.

The Unified Payments Interface (UPI) has emerged as a major changer in India’s digital payment ecosystem. The digital revolution in India is explained in one of the chapters. UPI has transformed how individuals trade by enabling smooth and rapid money transfers, making digital payments available to millions of Indians. However, incorporating Artificial Intelligence (AI) enhances UPI’s disruptive capacity. Artificial intelligence (AI) technologies have tremendously influenced UPI, helping its growth, security, and convenience. In this post, we will look at how AI affects UPI in India and highlight the critical areas where it has an impact.

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This book is the finest in the series for readers still unsure about how AI breakthroughs will affect our daily lives and professional efforts, including the risk of AI taking over your work or gaining self-awareness. This book is helpful for everyone interested in artificial intelligence, whether they are students, entrepreneurs, policymakers, senior executives, investors, or decision-makers. The book’s format is surprisingly basic, but it digs into the depths of AI applications, providing critical insights and protections.

AI Rising: India’s Artificial Intelligence Growth Story” showcases Leslie D’Monte’s distinct method of deciphering complex deep tech topics. From the first page to the last, each page contains valuable information on AI, a constantly expanding and dynamic area. Leslie D’Monte and Jayanth Kolla deserve special recognition for taking on this crucial masterwork.

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