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5F World, a start-up founded by Ganesh Natarajan, former CEO of Zensar Ltd, and Systech Solutions, a US-based advanced analytics company, have jointly launched the Centre for Artificial Intelligence and Advanced Analytics in Chennai.
The centre will train professionals in areas such as big data, business intelligence, Artificial Intelligence and advanced analytics that are pegged as provider of next major business opportunities for IT industry.
The centre will develop global capabilities in Artificial Intelligence and advanced analytics for companies and students. It will leverage 5F World research and through its network of investee companies and joint ventures and Systech’s consulting operations to provide knowledge to company employees and career seekers, according to centre’s press release.
On reasons for selecting Chennai to start the centre, Natarajan told BusinessLine that the city is one of the key centres for advanced technology research and training in the country. The presence of large companies in manufacturing, financial services and healthcare makes it an apt location for the centre, which needs access to real projects and internships.
The centre is part of an initiative involving research consulting and resource preparation, and augmentation done in partnership with technology and user industries.
“We are collaborating with firms in IT, BPO, healthcare, manufacturing and financial services for this,” said Natarajan without giving any names.
The pricing for the course will vary depending on the number of modules a student takes and starts at ₹45,000, and duration ranges from 80 hours to 80 days, he said.
Speaking at the centre’s launch, R Chandrasekaran, Executive Vice-Chairman, Cognizant Technology Solutions, said many experts say that data is the new oil, “I would like to say, data is the new oxygen for business and should be leveraged for success. If companies do not use data effectively, they will become defunct.”
According to Ravi Viswanathan, Chief Marketing Officer, Tata Consultancy Services, three major technological changes that would impact everybody in future are cloud, Artificial Intelligence and automation. Customisation will become critical.
Companies need to collect lots of data and should put intelligence into that data to provide customised solutions to clients, he said.
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