LivNSense technology to set up a AI centre for research with NMISMS

By OEM Update Editorial February 10, 2021 12:31 pm

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 Centre 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 Centre 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.

Speaking about this collaboration, Dr. Sharad Mhaiskar, Pro Vice Chancellor, SVKM’s NMIMS Deemed to be University, said, “We at NMIMS have always believed in robust collaboration between industry and academia, to drive effective solutions to industry issues. Keeping this emerging field in mind, we at NMIMS, could foresee and start programs in these futuristic areas, more than some 6 to 7 years back and became one of the academic leaders in India in these areas. The creation of this centre of excellence and research with LivNSense is particularly thrilling, as it 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.”

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