NASSCOM Centre of Excellence and ThirdEye AI (P) Ltd, a group company of USD 2.2 bn Indian conglomerate, JBM Group have joined hands as innovation partners to leverage benefits from a host of opportunities including startup engagement, investment opportunities, brand advocacy and augmenting efforts towards artificial intelligence and Industry 4.0. Under this 1-year agreement, JBM will also be benefitted through discovery and matching with CoE’s engineering level curation of start-ups aligned with well-defined and mutually agreed use cases.
Esha Arya, Founder, ThirdEye AI and Director, Jay Bharat Maruti Limited., said, “We have partnered with NASSCOM-CoE to meet the challenges and critical technology gaps in the country in the domain of AI & I 4.0 (Industry 4.0). We will utilize our digital transformation journey to foster and boost the start-up ecosystem. At Thirdeye AI we are democratizing the use of AI in the manufacturing arena by developing innovative and indigenous products and are helping our customers in their journey of digital transformation. This endeavour is also in line with the NITI Aayog National strategy on Artificial Intelligence with its focus on creation of a vibrant AI ecosystem and tuned to our respected Prime Minister Shri Narendra Modi’s vision of Atmanirbhar Bharat.”
Under this partnership, JBM will also get the opportunity to participate in various Use Case based Solutions. This will provide JBM an access to existing incubated startups, pitch sessions of startups, opportunity to virtually host demo day of startups that have completed POC with JBM, opportunity to mentor two startups etc.
Sanjeev Malhotra, CEO, NASSCOM Center of Excellence, said, “The partnership will help CoE and JBM to strive and maximize the benefits offered under the agreement. NASSOM-CoE has been instrumental in creating a technology-based, forward thinking and innovation-centric entrepreneurial ecosystem and we hope that this partnership helps to unlock the immense potential to accelerate progress towards Industry 4.0.”
JBM and CoE will work on possible areas of use cases that include predictive & prescriptive analytics; M2M integration – digital thread (KPI monitoring and management); smart energy management solution; smart inventory and asset tracking; augmented reality for real time availability of work instructions; cobots for efficiency improvement and other IIoT based smart manufacturing solutions. In addition, ML/DL based component/ part defect detection solution; ML/DL based manpower monitoring & allocation system and any other AI based solution are also listed under the use cases.
For startup engagement, CoE will be engaged till the Proof of Concept (PoC) approval by partner, of up to 6 use-cases/problem statements (including use cases through MIC) in a year, mutually agreed upon.