The Government of Telangana signed an MoU with The National Association of Software and Services Companies (NASSCOM) to establish a “Centre of Excellence for Data Science and Artificial Intelligence (CoE – DS&AI)” in the State, on the sidelines of NASSCOM India Leadership Forum being held in Hyderabad.
The CoE will be established on a public-private partnership model and is the most recent addition to NASSCOM’s ‘hub-and-spoke’ network of CoEs across major locations in the country, aimed at evangelizing new and emerging technologies. With the tech world getting divided between whether or not to regulate AI, the body feels that technologies should be freely allowed to mature first before any regulation comes in, President R Chandrasekhar has said.
“We are setting up a centre of excellence on AI and data sciences in Bengaluru and Hyderabad. They will look at mapping the resources available in the country, promoting start-ups in that area and also best practices globally, including regulatory aspects,” told R Chandrasekhar.
The centre will be set up with an initial joint investment of Rs. 40 crore and will be established on a public private partnership model.
K T Rama Rao, minister for IT, Industries, MA & UD, NRI Affairs said that Telangana will be the first state in India to bring Artificial Intelligence in public health screening and he is excited about how technology has the potential to make great social impact.
“The Government is keen to create a robust Data Science & Artificial Intelligence ecosystem for the various stakeholders to thrive, by providing support, mentorship, and other capabilities. This Centre of Excellence, in partnership with NASSCOM and the industry, is in the direction for developing Telangana and India as global hub for DS & AI in the coming years.”Your Ad here
It is expected that the data science and artificial intelligence industry in India (IT and non-IT industries) will be worth US $16 billion by 2025, and is likely to spur an additional employment of 150,000 professionals in the country.
A Promo Video of Data Science & AI Centre in Hyderabad:
A short video promo of the proposed Centre of Excellence for Data Sciences and Artificial Intelligence to be set up in Hyderabad in collaboration with @nasscom #WCITIndia2018 pic.twitter.com/Qbo0YGWNnu
— Min IT, Telangana (@MinIT_Telangana) February 21, 2018
R Chandrashekhar, President, NASSCOM, said that India is now on its next growth curve, led by disruptive technologies like data sciences and AI. “The vision is to consolidate and streamline efforts in this space by building state-of-the-art infrastructure to amplify the impact that India can indigenously create. With the opportunities that digital technologies present, the Center is strategically placed to provide data-backed solutions to critical and complex problems across the country and globe.”
The partnership was signed on the sidelines of the ongoing World Conference of Information Technology and Nasscom India Leadership Forum in Hyderabad on Tuesday.
Rao added that “Hyderabad is emerging as an attractive location to global technology companies. State government had introduced special IT Policy and taken up T-Hub for encouraging start-ups. The first phase of the T-Hub had already earned the reputation of being the largest incubator in the country. Government of Telangana realizes the opportunities the newer technologies present and laid the foundation of a Data Analytics Park to tap the innovation and employment opportunities in this rising sector.”