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Over 50 nations will hold elections in 2024, causing an unprecedented churn in political mandates, governing institutions, and international affairs. No continent will be exempted. Globally, national progress is being assessed feverishly and people’s voices are coalescing into verdicts. Indeed, 2024 will be consequential for democracy and the world order. 2024 has begun with wars burning in Gaza, Sudan, and Ukraine and peacemaking in crisis. Worldwide, diplomatic efforts to end fighting are failing. More leaders are pursuing their ends militarily. They believe they can get away with it. Artificial Intelligence (AI), and more specifically, Generative AI, captured the world's imagination in 2023—from creativity to design, from retail to healthcare. Thus, 2024 will be a pivotal year for Artificial Intelligence more specifically Generative AI. As companies move beyond the hype and tackle the challenges head-on, we can expect to see responsible and grounded applications emerge, shaping the future of industries and transforming our relationship with technology.
2024: As an election year
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image source- www.Adobe.comThis is the first time in the digital age that major democracies will go to the polls in the same year. The key electoral attributes of individual participation, mass mobilization, political messaging, and outreach will soon assume center stage. But so will the inescapable elements that pervert democratic processes—online misinformation, disinformation, and propaganda? If the United States (US) election of 2016, with its deluge of fake news, was a watershed event, it may pale compared to what 2024 portends.
Among the most significant and keenly watched elections will be India’s. The world’s largest democracy—and arguably the world’s longest-running pluralistic society, given that the ancient doctrine of “dharma” was, in a sense, India’s original unwritten Constitution—will deliver a fresh mandate in the era of ChatGPT, deep fakes, and vlogs.
What is unique about the Indian general election is, simply, that it involves India. The country is one of the fastest-growing economies. It has completed a remarkably successful tenure as president of the G20. It is the single most development-obsessed geography, with its vision of inclusive development encompassing all the Global South. One of India’s first interventions as G20 president, for instance, was to host the ‘Voice of the Global South Summit’, where it engaged with 125 other developing nations to understand their concerns and to shape its priorities at the G20 accordingly.
India is also one of the world’s most advanced digital societies. It has merged its position as a global tech-enabled services hub; its world-class model of digital public infrastructure (DPI) is being adopted and adapted by advanced and developing countries alike; and it is the highest-ranked country internationally in terms of AI skill penetration and talent concentration.
The key electoral attributes of individual participation, mass mobilization, political messaging, and outreach will soon assume center stage.
The upcoming election will witness the interplay of India’s democratic urges, developmental aspirations, and technological sophistication. During its G20 presidency, India rightly laid claim to being the “mother of democracy”, and re-emphasized democratic principles as an Eastern virtue. As Prime Minister Narendra Modi pointed out at the G20 Parliamentary Speakers’ Summit, millennia-old Indian scriptures mention the prevalence of assemblies, open debates, and democratic deliberations, “where collective decisions were made for the betterment of society”. This democratic concern for the greater good underpins the civilizational attribute of Vasudhaiva Kutumbakam’ (One Earth, One Family, One Future) that has guided India’s internal and external engagements.
India’s economic prowess, digital achievements, and diplomatic capabilities, coupled with its democratic credentials, make it the North Star of the Global South. Developing nations engaged in political and socio-cultural soul-searching need no longer choose between an unrelaxable West and an authoritarian China. An Indian approach and example, more attuned to the needs of developing and emerging economies, is at hand.
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Conflicts around the Globe: A major challenge for the year 2024
Around the globe, more people are dying in fighting, being forced from their homes, or in need of life-saving aid than in decades. On some battlefields, peacemaking is non-existent or going nowhere. The Myanmar junta and the officers who have seized power in the Sahel are bent on crushing rivals. In Sudan, perhaps today’s worst war in sheer numbers of people killed and displaced, U.S.- and Saudi-led diplomatic efforts were muddled and half-hearted for months. Russian President Vladimir Putin, banking on dwindling Western support for Kyiv, seeks to force Ukraine to surrender and demilitarise–conditions that are understandably unpalatable for Ukrainians. In all these places, diplomacy, such as it is, has been about managing the fallout: negotiating humanitarian access or prisoner exchanges, or striking deals such as the one that got Ukrainian grain onto global markets via the Black Sea. These efforts, while vital, are no substitute for political talks. The past few months’ ghastly turn in Israel-Palestine is perhaps the trend’s starkest illustration. Peacemaking efforts there petered out years ago, and world leaders largely looked away.
So, what is going wrong? The problem is not primarily about the practice of mediation or the diplomats involved. Rather, it lies in global politics. In a moment of flux, constraints on the use of force – even for conquest and ethnic cleansing—are crumbling.
The collapse of the West’s relations with Russia and China-U.S. competition shoulder much of the blame. Even in crises in which they are not directly involved, big powers dispute what diplomacy should entail and whether or how to throw their weight behind it.
2024: A pivotal year for Artificial Intelligence
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2024 will mark a watershed moment for generative artificial intelligence, triggering a metamorphosis into the global economic landscape as businesses wake up to its broad potential. Advanced generative algorithms will reach new heights in capability, accessibility, and scalability - catalyzing widespread adoption.
Generative AI has proven beneficial in demand forecasting, supply chain optimization, and product development, among other areas. Its ability to analyze large datasets, identify patterns, and provide insights has led to streamlined procedures and enhanced decision-making in the supply chain. Generative AI in the healthcare sector has also improved patient care and optimized operations, such as managing medical inventory and tracking medical equipment.
Integrating generative AI into everyday devices will make AI more personal and responsive,” says Chetan Dube, the CEO of Amelia and a renowned AI leader. “We are on the brink of an AI cognitive agent revolution.”
However, this rapid adoption of AI technologies raises critical ethical considerations. "We must be vigilant about data privacy and the potential for AI to perpetuate biases," notes Elizabeth M. Adams, Award Winning Leader of Responsible AI. The need for regulatory frameworks and ethical guidelines in AI deployment has never been more crucial. AI-driven predictive analytics will reshape risk management and investment strategies in the financial sector. Meanwhile, in education, generative AI will enable personalized learning experiences, tailoring content to individual student needs.
Specialized generative algorithms built for individual industries and narrow applications will emerge, powered by immense quantities of niche data. These tailored models will develop granular insights into specific business functions and market dynamics, yielding higher precision in areas like predictive analytics, personalized recommendations, and even strategic decision-making support. Dedicated strategic investment into ethical development and implementation will be crucial as generative AI becomes deeply integrated into business functions in 2024. Without diligent governance and oversight, this exponentially powerful technology poses risks of exacerbating problems like bias, misinformation, and lack of accountability.
Looking beyond 2024, I predict generative AI will lead to the emergence of new business models and potentially disrupt traditional industries. Businesses need to adapt to this AI-centric landscape to avoid becoming obsolete. Most generative models reflect the characteristics and biases of the data they are trained on. As these AI systems grow more influential in shaping products, services, and automated decisions, using biased or non-representative data can propagate harmful assumptions and marginalization issues. Instituting sound data collection and annotation protocols centered on capturing diversity is fundamental.
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