India Unveils Framework to Measure the Value of Knowledge, AI and Emerging Technologies

The  Committee on Knowledge  Systems (which was chaired by Ratan Watal) was made public by the Ministry of Statistics today. It is a sequel to the Committee on Digital Payments he chaired in 2016. The recommendations defined and influenced the digital payments architecture of India post demonetisation.

New Knowledge including AI, high technologies and their applications are going to define the future wealth security and welfare of nations.

This report has developed a framework to measure the value of complex knowledge outputs in a holistic way. This has become necessary to facilitate comparison of India’s position vis a vis other nations. 
Statistical measurement helps in making better national policies.

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