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Home » “Addressing local issues with local insights” – Technology News
AI in Finance

“Addressing local issues with local insights” – Technology News

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Advances in AI have increased over the past couple of years. But amid this hype arises a crucial question: How can companies use AI systems to sift through large data sets and optimize energy consumption, thereby reducing waste? AI has the potential to transform sectors such as agriculture, healthcare, finance, education, etc., says Manish Prasad, President and Managing Director, SAP Indian Subcontinent. “As we continue to integrate AI into various sectors, it is crucial to do so responsibly, ensuring that AI itself remains sustainable and ethical,” he told Sudhir Chowdhary in an interview. Excerpts:

How can AI contribute to a more sustainable future?

Indiaas one of the fastest growing economies, has a unique opportunity to become a global leader in leveraging AI for sustainable development. The country’s diverse communities face distinct and new opportunities, but by integrating localized solutions into a broader national framework, India can pave the way for a future of sustainable progress fueled by technology.

AI can significantly improve Indian infrastructure, making it more resilient and efficient. For example, in water-scarce regions like Karnataka, AI-based tools are already being used to predict water demand, detect leaks, and improve conservation efforts. In waste management, AI can optimize sorting and recycling processes, reducing the burden on landfills and improving recycling rates.

Ashwini Vaishnaw, data localization, Digital Personal Data Protection Act, DPDP Act

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When it comes to renewable energy, AI algorithms can predict solar and wind energy production, helping to manage the grid more efficiently and ensuring the maximum use of these resources. By integrating AI into these critical infrastructure areas, India can not only address its own sustainability challenges, but also set a global example of how technology can contribute to a more sustainable future.

Are there use cases where technology has transformed business operations?

AI’s unparalleled ability to process complex data, optimize operations and anticipate outcomes requires a rethinking of how many industries create value. From streamlining supply chains and minimizing food waste to delivering high-quality products and services, AI could enable organizations to transform sustainability from a simple compliance exercise into a strategic differentiator. AI can also enable businesses to adopt effective methods to implement sustainability actions such as monitoring carbon emissions.

The key is to maximize how we use the data we have. Consider how healthcare brand Himalaya is putting its data to use. Using new innovations, the company is able to calculate the carbon footprint of every product it makes, from cradle to grave. With this granular level of carbon accounting, the organization optimizes its supply chain, electricity, water and waste management – ​​and positions itself to benefit from AI and blockchain innovations in the future.

AI can also highlight the effects of climate change more clearly, making its impact visual and tangible for everyone. Imagine a farmer realizing how precise water use saves both crops and resources, or a factory worker seeing real-time energy savings from optimized machinery. Accurate, data-driven analysis can turn abstract challenges into concrete steps.

How can AI drive efficiency and sustainability in agriculture?

AI can revolutionize Indian agriculture by providing farmers with predictive analytics and personalized soil advice healthweather conditions and crop management. This technology can improve resource efficiency, increase productivity and support sustainable agricultural practices. Encouraging small farmers to adopt AI involves creating accessible and affordable tools. This can happen by providing training programs and fostering partnerships between agricultural producer organizations (FPOs), private sector entities and government agencies to ensure comprehensive support and integration into traditional agricultural methods.

There are concerns about data privacy and security…

Absolutely. Although the role of AI in achieving the Sustainable Development Goals is essential, it comes with its share of precautions. As AI technology advances, the ethical and security implications of its deployment become particularly relevant. To ensure technology serves people and our planet responsibly, it is important to build AI systems that are reliable, relevant and responsible, without compromising fairness or inclusiveness. Ethical AI can build trust, enable new innovations, and ensure that benefits are shared widely and fairly by all. Regular audits, adherence to ethical guidelines and collaboration among all stakeholders, including government, the private sector, research institutions and citizens, can promote sustainability as a collective effort.

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JPMorgan is primarily focusing on the potential of AI to make finance more accessible through cryptocurrency.

August 27, 2025

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August 27, 2025

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