IBM to set up Centre of Excellence with Govt e-Marketplace

IBM have announced plans to establish an artificial intelligence centre of excellence, in partnership with the Government e-Marketplace (GeM), as a means to improve public procurement systems and processes across sectors in India.

October 5, 2020

AI and data-driven solutions are set to enable US$15.7 trillion worth of productivity this decade.

IBM and other global firms are collaborating with governments to facilitate innovative solutions fueled by data.

IBM and NITI Aayog are already combining AI and weather data to improve decision making for farmers in Karnataka.

According to NITI Aayog, AI solutions in India can enable a GDP growth of US$957 billion by 2035.

Cloud solutions and technology giant, IBM, have announced plans to establish an artificial intelligence (AI) centre of excellence, in partnership with the Government e-Marketplace (GeM), as a means to improve public procurement systems and processes across different sectors in India. Addressing the gathering at the Responsible AI for Social Empowerment (RAISE) 2020 summit, IBM CEO, Arvind Krishna, spoke on the transformative capabilities of AI and data solutions and the potential impact it will have on global economic growth, as reported by the Economic Times on October 5.

Globally, AI is set to enable US$15.7 trillion worth of productivity in the next decade, with global technology firms collaborating with governments to facilitate innovative solutions fueled by data. For example, the Karnataka state government and policy think tank, NITI Aayog, are currently combining AI and weather data to improve decision making for farmers in India, showcasing the potential for AI applications across sectors. 

India has joined the Global Partnership on Artificial Intelligence (GPAI) as a founding member along with leading economies, including the US, UK, Australia, Canada, France, Germany, Italy, Japan, Mexico, New Zealand, Republic of Korea, and Singapore. The move is part of an ongoing broader initiative to deliver improved and inclusive socio-economic prosperity to the citizens with the utilisation of next-gen innovations such as AI, the internet of things (IoT), automation, and more.

According to NITI Aayog, India could observe a growth of US$957 billion in GDP by 2035, along with annual growth appreciating by 1.3 per cent, through the adoption of AI solutions. India’s recently launched National AI Strategy and National AI Portal are helping leverage AI-driven technology solutions across sectors such as education, agriculture, healthcare, e-commerce, finance, telecommunications, etc. Currently, there are more than 1,500 AI startups in India, in addition to large international companies such as IBM, Microsoft and Intel with a strong AI R&D presence in India, whose solutions have already been implemented by industries as well as local governments across the country.