Government of Karnataka has launched a Centre of Excellence for Data Science and Artificial Intelligence (CoE-DS&AI), with NASSCOM as its program and implementation partner. To be established with an estimated investment of Rs 40 crore, the CoE will be its first-of-its-kind port based on a public-private partnership model, and will accelerate the ecosystem in Karnataka by providing the impetus for the development of data science and artificial intelligence across the country, said a statement from Nasscom.
NASSCOM, through its partner ecosystem will work towards accelerating innovation, enabling industry-oriented research, promoting adoption of data-driven decision making by enterprises and enabling appropriate skills & talent development. This proposal has evinced great interest for the industry to collaborate and build collective capabilities for the industry and country in the cutting-edge area of Data Science & Artificial Intelligence. The Centre of Excellence will provide high-end technology capabilities, data, expertise, thought leadership, and curated programs to augment capabilities across academia, enterprises, government, and innovators / advanced start-ups.
“Karnataka recognized the importance of IoT and provided the necessary support to NASSCOM for establishing India's first CoE for IoT. Data Science & Artificial Intelligence is a capability which will determine the future of corporations & governments alike. This Centre of Excellence for Data Science & Artificial Intelligence will be a catalyst for the growth of data science and artificial intelligence, and provide a head-start to, not just the state, but India as a destination to develop global products and solutions,” said Priyank Kharge, Minister for IT, BT & Tourism, Government of Karnataka.
The CoE aims to position Karnataka as one amongst the top five global innovation centers AI over the next five years. The center will set the strategic direction, provide technology infrastructure and promote investment into research and innovation of cutting-edge DS & AI solutions, proliferate data-driven decision making by enterprises and government, and enhance capacities of academic institutions to impart DS & AI education.
“Businesses across the globe are undergoing rapid changes propelled by digital disruption. Considering the opportunity that emerging digital technologies that will provide in times to come, this CoE-DS&AI is strategically placed to provide data-backed solutions to many complex problems of the world. NASSCOM and its industry members are currently engaged in defining the future of job in the digital transformation era and such an initiative from Government of Karnataka is a welcome step in the right direction. NASSCOM is happy to work with Government of Karnataka and its partners to establish the CoE and is confident that this centre will position India as a disruptor in the space,” said R Chandrashekhar, President, NASSCOM.
NASSCOM will also evangelize such a program across the country to supplement India's vision to be leader in the digital economy. R Chandrasekhar also announced that the initiative has received overwhelming response from its industry partners. IBM, Intel, Digital Ocean, and NVIDIA have in-principle agreed to support this program. NASSCOM is also in dialogue with other partners to this Centre of Excellence.
Data science and artificial intelligence technologies allows harnessing complex, high volume, high speed data into insights for decision making, emerging as the one of biggest growth opportunities for India to capitalize on. In recent times, artificial intelligence has emerged from the confines of scientific labs and found various uses to impact everyday life. It has found applications across industries – financial services, automotive, healthcare, and retail, to name a few. This technology is also transforming the IT-BPM industry – AI-led automation is likely to deliver USD 100-120 billion in net productivity-led gains for IT-BPM service providers by 2025.