We must move from data collection to strategic data utilization

The Dataquest Digital Leadership Conclave provided an engaging discussion on the evolving role of artificial intelligence (AI) in India. Key industry experts in AI and data analytics were brought to a panel discussion.

- By Preeti Anand

The Dataquest Digital Leadership Conclave provided an engaging discussion on the evolving role of artificial intelligence (AI) in India. Panelists explored Al's impact on cybersecurity, financial technology, data governance, and compliance while highlighting both opportunities and challenges in leveraging data effectively. Key industry experts in AI and data analytics were brought to a panel discussion that discussed the fast changing role of artificial intelligence in business and governance. They included Nitendra Rajput, Senior Vice President & Head of AI Garage at Mastercard, Sanjeev Gupta, Head of Technology at Wayfair, and Nishu Jain, Executive Director - Data & Analytics at PWC India. Prasanto K Roy, a senior adviser and former Managing Director at FTI Consulting, former President at CyberMedia, former Vice President at Nasscom, moderated the discussion expertly.

THE RISING POWER OF DATA

Prasanto opened the discussion by acknowledging the overwhelming growth of data, often referred to as the “new oil.” He emphasized that data is embedded in government policies, e-commerce regulations, and cybersecurity measures. However, the key challenge remains—how to harness this vast resource efficiently and securely.