- June 2, 2021
-- IIT-Delhi's FITT, a leading interface between academia and industry in the country, announced that they have partnered with Algo8 AI to establish an AI R&D lab. The primary goal of the new R&D centre is to codevelop, translate, and commercialize AI-powered applications for the process and assembly manufacturing sectors, to make these industries more intelligent and technologically ready to step into Industry 4.0.
Working with the FITT (Foundation for Innovation and Technology Transfer), and sharing R&D resources such as research labs, industry professionals, and seasoned professors, Algo8 AI will be working towards advances in the fields of AI-powered healthcare solutions, public services, industrial IoT & AI, among other emerging technologies.
Algo8 AI is an India-based Artificial Intelligence (AI) solution provider that develops customized solutions to tackle industrial use cases and pain points. Algo8 AI's contextualized Enterprise AI product suite uses real-time operations data to help businesses achieve operational breakthroughs that significantly affect their top and bottom line. Through expertise in machine learning, deep learning, computer vision, and NLP, they are aiming to accelerate the adoption of AI in asset-heavy and process-driven companies.
"We are ecstatic to have the FITT as an R&D partner in codeveloping powerful solutions and exploring the possibilities that AI has to offer global customers. This partnership will play an integral role in expanding our R&D projects, and also expanding our own pool of knowledge within this ever-growing field", said Nandan Mishra, Co-founder and Chief Executive Officer at Algo8 AI.