"To be established on a public-private partnership model, the CoE is the most recent addition to Nasscom's 'hub-and-spoke' network of CoEs across major locations in the country, aimed at evangelising new and emerging technologies," said Nasscom president R Chandrashekhar.
The CoE will serve as a platform for intelligence-sharing and technology collaboration between stakeholders, to build collective capabilities for the industry and country in the cutting-edge areas of data science and artificial intelligence, he added.
"This CoE, in partnership with Nasscom and the industry, is in the direction for developing Telangana and India as global hub for DS & AI in the coming years," Rama Rao said.
It is expected that the data science and artificial intelligence industry in India (IT and non-IT industries) will be worth $16 billion by 2025, and is likely to spur an additional employment of 150,000 professionals in the country, a Nasscom media release said.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.