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Source:- IBEF

“In collaboration with Government e-Marketplace, IBM will set up a center of excellence for artificial intelligence (AI) in India, a top official of the firm said.

IBM CEO Mr. Arvind Krishna said at RAISE 2020 summit, “I am happy to announce we are creating an AI center of excellence in partnership with Government e-marketplace (GeM). Our goal is to apply the power of AI to improve usability and transparency and drive efficiency in cost saving in public procurement”.

According to studies conducted by Accenture, AI can increase India’s annual growth rate by 1.3 percentage points and add USD 957 billion to India’s economy by 2035.

More than 38,700 stakeholders from academia, the science industry, and government representatives from 125 countries have registered to participate in RAISE 2020, according to official data.

The National Artificial Intelligence Strategy (NSAI) highlighted the ability of AI to increase India’s annual growth rate by 1.3 percentage points by 2035 and established priority sectors funded by the government for the implementation of AI.”