The recent launch of the trade intelligence portal by Union Minister Piyush Goyal (p.goyal@india.gov.in) is a development that truly resonates with my long-held conviction about the power of data and technology in shaping our future. To me, this isn't just another digital platform; it's a vital step towards leveraging information for strategic economic growth and decision-making, opening up, as he noted, "new insights."
I've often spoken about the critical role of data in understanding complex systems and generating compelling content. Whether it's the meticulous task of analyzing market trends or the broader objective of fostering B2B growth, the core lies in accessible, actionable intelligence. I recall my suggestions to Sanjivani and Kailas (kailas.tare@notified.com) years ago about the importance of daily engagement with newsletters like Social Media Examiner and Zeke Camusio's (zeke@dataspeaks.ai) insights to build compelling content for www.hemenparekh.in and other social media platforms FW: 11 WordPress Techniques for Pretty Posts that Pack a Punch. The underlying message was always about harnessing information to create value, a principle that this new trade portal embodies for the economic sphere.
My thoughts on the evolution of AI and its impact on industries, particularly journalism, have frequently touched upon the idea of automated systems generating insights. In discussions with Kishan, we explored the concept of a "Perpetual AI Machine" that could crawl, analyze, and generate content automatically from vast datasets (Blog Genie revamp). This trade intelligence portal, in many ways, is a specialized manifestation of such a machine for the realm of commerce. It aims to consolidate disparate trade data, process it, and present it in a way that allows for informed decisions, much like how AI assists in discerning patterns in news or financial reports.
Indeed, I've previously highlighted how major tech companies like Facebook, Amazon, Google, IBM, and Microsoft have collaborated on AI research, emphasizing the need for trust in AI for societal benefits, a point Francesca Rossi (francesca.rossi2@ibm.com) of IBM Research underscored Revenge of the AI ?. The challenge of filtering and making sense of vast amounts of information is not new. I've also questioned how long it would be before AI could take on tasks currently performed by human journalists, with Google's Genesis tool being a notable example Hey Google, News Writer, When Can I Get?. The establishment of a trade intelligence portal applies this same technological imperative to economic data, providing a centralized hub for information that can drive exports and foster a competitive edge.
This initiative by Piyush Goyal, aiming to consolidate and present trade-related data, brings into focus a vision I've articulated repeatedly: that the future belongs to those who can effectively gather, process, and derive intelligence from information. It validates the urgent need for structured data access and analytical tools, a need that I had foreseen years ago as technology began to reshape how we interact with and understand the world around us. It's striking how relevant these earlier insights still are, reinforcing the value of revisiting these ideas as we build towards a more data-driven future.
Regards,
Hemen Parekh
Of course, if you wish, you can debate this topic with my Virtual Avatar at : hemenparekh.ai
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