IIM Amritsar conducted its 2nd edition IT and Analytics Conclave – Vyakriti

Amritsar – Indian Institute of Management, Amritsar successfully wraps its 2nd edition of IT & Analytics Conclave ‘Vyakriti’ in offline mode on 18th September 2022.
Vyakriti’22 provided a dais to upcoming managers where industry stalwarts shared valuable insights on dynamic trends in the AI sector. The theme of the discussion was ‘Innovating with Conscience – Designing and Deploying a responsible AI’. It gave the student fraternity a holistic view of the potential and challenges of deploying a responsible AI.
The illustrious panel comprised Mr Pradeep Saini – Vice President, APMEA Cloud, and Infrastructure Services, Wipro, Mr Subhra Datta – Head of Business Intelligence & Analytics, Tata Motors Finance, Dr Swati Jain – Vice President, EXL, Mr Phaneendra Durgam – VP and Head- Analytics, Cholamandalam Investment, and Finance Company Ltd, Mr Pradeepta Mishra – Director of Artificial Intelligence, Fosfor, and Mr Satyamoy Chatterjee – Executive Vice President, Analyttica Datalab Inc.
Dr Mahima Gupta, Dean of Academics, welcomed the panellists and addressed the gathering. She elucidated the importance of building a strong corporate network to augment student learning and explore the ethical, moral, and social implications of AI in the present and the future from the theme. She concluded by talking about the various customized programs on analytics, data science, and leadership IIM Amritsar has taken up to address the needs of students and working professionals. The conclave was emancipated with a presentation from Ms Torsha Dwivedi and Mr Shakti Singh from the MBA-08 batch introducing the theme. The presentation covered aspects such as the adoption levels of AI and how it can be further designed, developed, and deployed in organizations at various levels for the betterment of society.
The keynote speaker Mr Pradeep Saini enunciated how India is at the cusp of needing budding managers to have the capabilities to achieve great heights globally. He mentioned, “AI is a double-edged sword and one can flip to any side depending on values and ethics”. A benevolent or malicious intent won’t be differentiated by AI and so it is necessary to understand the implications and be accountable for its usage.
Dr Swati Jain who took up the moderator’s responsibility commenced the discussion by demystifying the concept of AI and stated the penetration levels of AI in different sectors and the enormous potential AI holds in mitigating risks. However, she expressed her concern about protecting and reinforcing positive human values – something which AI lacks today. She further added that organizations have to come up with responsible AI tools and a 3-pronged approach because responsible AI in the long run would be a sustainable solution.
Mr Subhra Datta elaborated on the need for an explainable model – the inputs, parameters, and outputs should be explainable and secure enough to be reproducible. He mentioned the need to prevent biases, and outliers to ensure a responsible AI which can be done with the help of taking care of inputs, the right choice of data, taking corrective actions when needed, and being accountable.
Mr Phaneendra Durgam highlighted that consumers can also contribute by identifying the context, and pain points and addressing the outcomes that would lead to a responsible AI. He further emphasized the regulation of AI through an external body, an ecosystem regulator, and self-regulation and spoke on how essential it is to have clarity on the path, understand the context, and use the tools responsibly.
Mr Pradeepta Mishra reinforced the 5 core components of responsible AI – Fairness, explainability, accountability, and privacy and safety. Mr Mishra touched upon the points such as quantifying the data to be fed, slicing the data, and training models. He elucidated synthetic data and the need for consistent distribution and statistical proportion by mentioning the example of Captum – An open-source tool used to understand the features that contribute to AI’s model prediction. He added “Be curious, be cloud agnostic and understand the core” and with the identification of the problem and application of the appropriate framework, one can develop a trustworthy outcome.
Talking about how responsible AI should be embedded as a value-added activity in an organization as the human mind is perceiving and triangulating knowledge Mr Satyamoy Chatterjee explicated the necessity of transparent and legitimate auditing in AI. Mr Chatterjee focused on talent for bridging the gap between academy and industry so that there is no dearth of tools. Only then it would lead to a responsible AI that will be linked to profitability and growth in the long run.
The students of IIM Amritsar were quite engaged during the panel discussion. An enlightening Q&A session between the panellists and students made the talks extremely participatory. The Conclave successfully concluded on a high note.
The event will be broadcasted on CNBC – the event’s official media partner.
Indian Institute of Management, Amritsar is the 15th IIM and also an institution of National Importance established by the Ministry of Human Resource Development with the support of the government of Punjab, and the Government of India in 2015.
IIM Amritsar offers a two-year General Master of Business Administration (MBA) program and a specialized MBA in HR and Business Analytics. The institute also offers a two-year Executive MBA(EMBA) in the hybrid mode and various customized short and long-duration Management Development Programs to cater to the dynamic requirements of the industry for students and working professionals. This year the institute introduced the Post Graduate Certificate program in Data Science & Business Analytics (DSBA) as part of the early career program. The institute firmly believes in imparting sustainable educational foundations and values in the thoughts and actions to develop leaders with wisdom and integrity.