In July, we reported that Karnataka will set up a Centre of Excellence (CoE) for data science and artificial intelligence (AI) along with the IT industry’s apex body Nasscom as its programme and implementation partner.
Now according to the latest news coming in, the first of its kind port-based CoE will be set up at a cost of Rs 40 crore on a public-private partnership for developing data science and AI across the country, announced the state IT Minister Priyank M. Kharge on the sidelines of the Bengaluru Tech Summit here.
The centre, which will provide technology infrastructure, promote investments into research and innovation of data science and AI solutions, would help in developing India as a destination for global products and solutions on data science and AI, Kharge added.
“The CoE aims to place Karnataka as one among the top five global innovation centres in AI over the next five years,” said Nasscom in a statement here.
The centre would provide data-backed solutions to many complex problems of the world, said the President of Nasscom R. Chandrashekhar in the statement.
There would be programmes at the CoE to increase capabilities among academia, enterprises, government and innovators.
The initiative has also had companies like IBM, Intel, Digital Ocean and Nvidia agreeing in-principle to support it, the industry body said.
Nasscom also plans to promote a similar programme across the country so as to support the country’s vision to be a leader in digital economy, it added.
According to the industry body, AI-led automation will likely provide $100-120 billion in net productivity-led gain for IT-Business Process Management (BPM) service providers by 2025.