NMIMS signs MoU with LivNSense Technologies to set up a joint AI Center of Excellence & Research
MUMBAI, India, Feb. 9, 2021 /PRNewswire/ -- SVKM's NMIMS, a globally reputed university with over four decades of academic legacy in India, has signed an MoU with LivNSense Technologies, a pioneering Industrial IoT & AI platform, to jointly create the AI Center of Excellence & Research, that will help develop AI-driven manufacturing solutions and foster a culture of innovation and collaboration.
The centre of excellence will be the first of its kind in India and will help to boost the country's manufacturing sector by making it more tech-driven (under make in India initiative) 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.