The company aims to provide technology professionals and students with global skills and capabilities in AI. At the launch of the Centre, Dr Ganesh Natarajan, Exec Chairman, 5F World, said, “I have spent the better part of my career focussing on business model innovation.
As many as 300 mn young people will need new jobs and new opportunities in the coming few years. This will require a completely reworked business model. With AI and data being the new competitive advantage factors, Digital India 2.0’s trillion-dollar economy and will need IT professionals to fulfil the needs of a $350 bn industry.”
Says Dr Uma Ganesh, Co-founder of 5F World and CEO of Global Talent Track, “It’s not a requirement for just the IT industry.
Every sector from pharma and healthcare to manufacturing, retail and even governments are rethinking their strategies in the context of big data and finding how to leverage this data to their advantage. We need specialists who can think about data, and research on future tech for corporate India and the government.”
Systech had also started thinking about talent development in this context, bringing into the fold of training the experiences gained from various projects implemented with Fortune 500 companies. This culminated into an effective training programme, which when extended could benefit more people.
The Center is focussed around meeting these requirements, in the areas of research – on rethinking business models, society, government and citizens interacting using technology.
Ensuring adequate talent pool within organisations and the IT sector is the impetus behind this venture. Talking about the programmes that will be launched in March this year, Arun Gollapudi, Founder and CEO, Systech Solutions said, “Over the years, we realised that whenever we wanted to expand, we were only constrained by lack of talent – people with skills and aptitude to apply their knowledge in big data.
So, we figured we should begin an academy, bring in people from other organisations, be able to research new models and train them on new methods.” The course benefits from research resultant of Systech’s work with companies such as Tesla Motors, United Health, Franklin Templeton and 21st Century Fox.