Bangalore, Jan 31 (IEBusiness) IT major Mphasis on Thursday today partnered with NASSCOM to felicitate best in class AI start-ups at the upcoming NASSCOM Technology and Leadership Forum 2019.
In an effort to drive the adoption of futuristic technologies including Deep Learning, Machine Learning, Artificial Intelligence (AI) and Analytics, the partnership will recognize, nurture and promote bright young startups to scale the current AI ecosystem in India.
India is ranked amongst the top ten AI/Data Science ecosystems globally and in future, the demand for advanced deep tech and AI-related technologies is expected to unlock a trillion-dollar opportunity.
The Data Science industry in India is expected to become a USD 16 billion ecosystem by 2025, from the current USD 2 billion, translating to an 8x growth. AI has the potential to add US$957 billion, or 15 percent of current gross value added to India’s economy in 2035 and Advanced Tech startups will drive this transformation as well as spearhead the broad structural transformation of the economy.
To meet the growing need to support the ecosystem, thirty AI focused start-ups from the NASSCOM 10,000 startups initiative are invited to participate in the ‘Mphasis Pitch Day’. The showcase is aimed at identifying the most innovative AI startups that will bridge the technology gap across enterprises business, a company release said here.