The Government of Telangana has signed a MoU with The National Association of Software & Services Companies (NASSCOM) to establish a Centre of Excellence (CoE) for Data Science and Artificial Intelligence (CoE – DS & AI) in the state.
To be established on a public-private partnership model, the CoE 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 an initial joint investment of Rs. 40 Crore, the CoE will catalyze the growth of the deep tech ecosystem in Telangana, by providing the stimulus for innovation and in-depth research in the areas of data science and artificial intelligence.
Leveraging its partner and member ecosystem, NASSCOM will work to enable industry-oriented research, augment citizen-centric solutions, promote data-driven decision making, enhance academic capacities, and support appropriate skills building and talent development through the CoE.
The CoE will serve as a platform for intelligence-sharing and technology collaboration between stakeholders, to build collective capabilities for the industry and country in the cutting-edge areas of data science and artificial intelligence. It will provide high-end technology, field expertise, and curated programs to augment capabilities across academia, enterprises, government, innovators and advanced start-ups.
Speaking on the occasion, K. T. Rama Rao, Minister for IT, Industries, MA & UD, NRI Affairs said, “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. Telangana will be the first state in India to bring Artificial Intelligence in Public Health Screening and we are excited about how technology has the potential to make great social impact.”
It is expected that the data science and artificial intelligence industry in India (IT and non-IT industries) will be worth $16 billion by 2025, and is likely to spur an additional employment of 150,000 professionals in the country.