IBM to set up AI centre of excellence with central e-marketplace

Started by devikad, Oct 07, 2020, 10:59 PM

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devikad

IBM to set up AI centre of excellence with central e-marketplace


 IBM is setting up an artificial intelligence (AI) centre of excellence with the government e-marketplace, its CEO Arvind Krishna said, to improve usability and transparency and help in cost-savings in public procurement.

The company, just like other enterprises, has been banking on these partnerships with public institutions to digitize and automate procedures. As per the GeM website, there are more than 1 million products in the marketplace with transaction value of more than Rs 65,000 crore.

Krishna, who was speaking at the RAISE 2020 summit on Monday, said India has the potential to lead the AI technology revolution as it has the world's largest community of developers, a large start-up ecosystem and a strong scientific and engineering culture.

The basic premise for this is to have good data. "Like other sources of capital, the value comes from how you refine and apply it. The second imperative is trust. This is paramount especially when you are applying AI in highly-regulated and safety-critical domains like healthcare, for instance. Instilling trust in AI means avoiding bias, being explainable and being able to reproduce results," he added.

AI has the potential to raise India's annual growth rate by 1.3% and add $957 billion to India's economy by 2035, as per studies done by Accenture.

The IBM chief cautioned that building AI models is challenging and labour intensive due to skills shortage across the world for which the company is teaching thousands of girls in the country as part of its STEM initiative.

The company also tied up with National Skill Development Corp (NSDC) for a free digital education platform, focused on emerging technologies and professional development skills.

As a part of the collaboration, IBM will curate online courses from Open P-TECH platform and offer it to users via NSDC's eSkill India portal focusing on cyber security, blockchain, AI and machine learning, cloud and Internet of Things for learners between 18 to 22 years.

IBM is collaborating with the Karnataka government and NITI Aayog to deploy precision agriculture solutions which combine AI and weather data to help farmers make better decisions.

Source: https://cio.economictimes.indiatimes.com/news/next-gen-technologies/ibm-to-set-up-ai-centre-of-excellence-with-central-e-marketplace/78534022

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