The centre of excellence will help boost the country’s manufacturing sector by making it more tech-driven and less dependent on imported technology.
According to a recent PwC report, the adoption of artificial intelligence was the highest in India during the COVID-19 pandemic, as compared to major economies, with over 70 per cent of Indian organisations having implemented AI in some form or the other.
With the pandemic also having permanently altered the way businesses function in the future, adoption of technologies, including AI, will continue to increase, and will consequently drive demand for professionals skilled in the domain. The joint AI Center of Excellence & Research built by NMIMS in collaboration with LivNSense, will aid in India’s push to develop AI-oriented solutions for the manufacturing industry, as well as facilitate the creation of a knowledgeable, skilled workforce.
Dr. Sharad Mhaiskar, Pro Vice Chancellor, SVKM’s NMIMS Deemed to be University, said, “The creation of this centre of excellence and research with LivNSense will allow our students to sharpen their skills by working on live projects and attain real-world experience, which will, in turn, help them add value and thrive in the cutting-edge field of cognitive manufacturing.”
Avnish Kumar, CEO of LivNSense, added, “Smarter manufacturing processes are the future of India’s manufacturing sector. Industries will be less error prone, more efficient, and more AI-oriented in the years to come. And this collaboration will ensure that students can learn everything there is to know about Industrial Internet of Things (IoT), Artificial Intelligence, Machine Learning, etc.”
The primary objectives of this MoU are to help students gain valuable internship experience through LivNSense’s projects and industry expertise, create disruptive innovations, and develop tangible projects having exposure to real-world applications, solving industry problems in the AI and manufacturing space.