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Unleashing the Human Development Through Prescriptive Analytics Based on the Principle of Vasudhaiva Kutumbakam

In: Economic Systems and Human Rights

Author

Listed:
  • Srikanta Patnaik

    (Interscience Institute of Management and Technology)

  • Deepti Patnaik

    (Kalinga University)

Abstract

In today's data-rich world, the Sanskrit principle of Vasudhaiva Kutumbakam, meaning “the world is one family,” resonates profoundly, advocating global unity and cooperation. This principle, rooted in Indian philosophy, inspires endeavors promoting empathy, social justice, and sustainability worldwide. Data analytics, especially prescriptive analytics, aligns well with Vasudhaiva Kutumbakam, offering insights to optimize resource allocation, healthcare, supply chains, and environmental sustainability globally. By analyzing global data, prescriptive analytics ensures equitable resource distribution, efficient healthcare delivery, and minimizes waste, fostering cooperation and compassion. However, ethical considerations are paramount. Upholding the dignity and rights of all individuals is crucial, addressing privacy, bias, transparency, and accountability in analytics usage. By embracing Vasudhaiva Kutumbakam and ethical analytics practices, we strive toward a world where every individual is valued, contributing to human development and global well-being.

Suggested Citation

  • Srikanta Patnaik & Deepti Patnaik, 2024. "Unleashing the Human Development Through Prescriptive Analytics Based on the Principle of Vasudhaiva Kutumbakam," Springer Books, in: Francesco Vigliarolo (ed.), Economic Systems and Human Rights, chapter 0, pages 155-173, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-72866-2_9
    DOI: 10.1007/978-3-031-72866-2_9
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