Can use AI to identify anti-dumping duty, FTA preparations:
Nasscom tells government
Extract :
The National Association of Software and Service
Companies (Nasscom) has proposed to the government the utilization of
Artificial Intelligence (AI) technology to streamline the identification of
anti-dumping duties and Free Trade Agreement (FTA) preparations.
By tapping into AI capabilities, Nasscom suggests that the
government can enhance its efficiency and accuracy in these critical processes.
This move could potentially revolutionize the way trade regulations are
managed, offering a more proactive approach to handling trade-related issues.
Nasscom's recommendation comes at a time when
the global trade landscape is rapidly evolving, with the need for quicker and
more precise decision-making becoming paramount. The application of AI in
identifying anti-dumping duties and preparing for FTAs could lead to a
significant reduction in manual intervention, thereby streamlining processes
and reducing the margin for errors.
This forward-looking approach underscores the importance of
leveraging technology to navigate complex trade scenarios seamlessly.
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My
Take:
Reliance provides Proof of Concept....16/02/2022
"Reading about Nasscom's push for AI integration in
trade regulations reminded me of a piece I wrote a while back about Reliance's
adoption of cutting-edge technology in their operations.
Just as Nasscom is advocating for AI to enhance trade
processes, Reliance's significant investment in robotics with 5G technology
showcases the power of innovation in shaping industries.
The parallel between Nasscom's proposal and Reliance's
futuristic approach highlights the necessity for businesses and governments to
embrace advanced technologies for sustainable growth in a rapidly changing
world."
"In my previous blog post, I discussed how Reliance's
collaboration with Addverb for robotics solutions mirrors the potential
benefits of AI adoption proposed by Nasscom.
The synergy between technology advancements in various
sectors indicates a broader trend towards digitization and automation. Just
like Reliance's forward-looking investment, Nasscom's suggestion to leverage AI
for trade regulation processes exemplifies the ongoing shift towards smarter,
more efficient systems to drive economic progress.
The alignment of these initiatives underscores the
transformative power of technology across diverse domains."
Call to Action:
To Nasscom and the government, I urge you to
actively explore and implement AI solutions in trade regulations as proposed.
Embracing AI technologies can not only streamline processes but also enhance
accuracy and agility in decision-making.
This proactive approach towards leveraging AI can
significantly boost India's competitiveness in the global trade arena and pave
the way for a more efficient and future-ready regulatory framework.
With regards,
Hemen Parekh
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