Union Minister Piyush Goyal Launches AI-Powered Learning Ecosystem ‘NSE Knowledge Hub’ To Assist BFSI SectorRailway Minister Piyush Goyal (Ramesh Pathania/Mint via Getty Images)

In a movement towards tapping the artificial intelligence (AI), machine learning, and other such technologies in a bid to help India's financial sector lead the nation towards becoming a $5 trillion economy, the National Stock Exchange (NSE) got its first 'Knowledge Hub' on Monday (6 January), reports Hindu Businessline.

Developed by NSE Academy and launched by Union Minister Piyush Goyal, the NSE Knowledge Hub would operate as a wholly owned subsidiary of the NSE and assist the banking, financial, securities, and insurance (BFSI) sector in enhancing skills for employees and preparing future-ready talent.

“AI would have huge potential in our lives, in our efforts (towards) ease of doing business, ease of living and to help farmers double (their) income. I see no area where we can’t use AI or machine learning. Crime detection, better border control and international trade — there is huge scope to engage in each of these areas. AI can be used in India for both economic activity and social good,” Goyal said.

Launching the Knowledge Hub, Goyal also asserted that the development was significant as India must go beyond the BPOs and engage into advanced and modern technologies and tools. He also urged the NSE to partner with universities and institutions including the Indian railways for AI engagement. He also underscored that the railways was already looking at AI in a big way.

Hailing the development, NSE's managing director (MD) and chief executive officer (CEO) Vikram Limaye said that the Knowledge Hub brings together the entire ecosystem of learners, content developers, subject matter experts and academicians, and learning and development professionals.

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