AI has Revolutionized the World: Regulation of AI in Governance - A Comparative Analysis Between India and the European Union

This paper delves into the functioning and development of regulations for AI use in the current era. AI has significantly transformed the global landscape, especially in terms of governance. The future of AI involves governing its use, and this necessitates a comparative analysis between India and the European Union. Businesses globally are confronted with a choice between swiftly introducing AI-powered solutions to the market and establishing robust AI governance capabilities. Organizations that are proactive in creating and enforcing their AI management policies and principles, which promote trust, transparency, and high ethical standards, can help shape regional and global oversight and are more likely to succeed once regulations are in place. Experts are concerned about the ethical implications of opaque black box algorithms as AI systems are used for more complex tasks. Anyone affected by AI-assisted or automated decision-making should have adequate information to contest the outcome. To achieve this, data, AI systems, and other technologies need to be leveraged. This study compares India, which has introduced a digital bill, and the established regulations by the European Union. This research not only acknowledges current issues but also helps safeguard both governments from potential future criminal activities that could arise from artificial intelligence. AI is revolutionizing a wide range of industries, including finance, manufacturing, agriculture, and healthcare. It is enhancing operations and reshaping the nature of work. AI is enabling smarter fleet management and logistics, optimizing energy forecasting, creating more efficient use of hospital beds by analyzing patient data and predictive modeling, improving quality control in advanced manufacturing, and creating personalized consumer experiences.