Vedanta Spark Partners with MeitY and NASSCOM's CoE - IoT & AI to Drive Digital Innovation
Vedanta Spark, a global corporate innovation, accelerator, and ventures program initiated by Vedanta Group, has unveiled its collaboration with the Ministry of Electronics & Information Technology (MeitY) and NASSCOM's Centre of Excellence (CoE) – IoT & AI. This strategic partnership aims to expedite the adoption of digital technologies and propel innovation in the industry. By joining forces, Vedanta Spark, MeitY, and NASSCOM's CoE - IoT & AI seek to create an ecosystem that nurtures tech start-ups and promotes groundbreaking advancements in the realm of digital innovation.
The Vedanta Spark program aims to accelerate startups leveraging transformative & sustainable technologies to create large-scale impact in partnership with the Vedanta group companies and has already engaged 80 start-ups for more than 120 projects so far. The NASSCOM CoE is known for its successful technology enablement accelerating the innovation requirements of large and mid-size businesses in the fields of healthcare and well-being, process, manufacturing, etc.
Priya Agarwal Hebbar, Chairperson, Hindustan Zinc Limited & Non-Executive Director, Vedanta Limited, said, “Vedanta’s engagement with NASSCOM CoE will enable innovative startups to demonstrate & develop their product in our unique ecosystem. Vedanta Spark looks forward to bringing in accelerated value delivery across our operations with the key goal being to utilize emerging technology to find solutions that will contribute to long-term environmental, social, and economic sustainability.”
This partnership will explore the potential application of emerging technologies like Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), and Augmented Reality (AR) / Virtual Reality (VR), among others, across different verticals of Vedanta Group. The collaboration with Nasscom CoE will also help the team at Vedanta Spark to optimize enterprise-level initiatives and processes. There is a vast pool of innovative companies through CoE that specialize in cloud infra optimization, UAV-based solutions, data-based predictive approaches, and solutions capable of addressing specific problem statements related to enterprise concerns in real-time.
“Digital-first and innovation-led approach has become a top priority for businesses today. Our partnership with Vedanta Spark is aimed at unlocking a new wave of innovation and business growth. It will address both the present and future needs of the customer. The partnership will support the development of cutting-edge technologies that will lead to interesting use cases across the mining, oil, and gas sectors. Nasscom CoE is actively working towards supporting an innovation ecosystem. It includes start-ups, enterprises & academia to take forward the agenda of digitalization and creating the valuable insights; that will help the industry and their consumers”, said Mr. Sanjeev Malhotra, CEO, of MeitY-nasscom CoE.
At a Nasscom CoE event, Mr. Amitesh Sinha (Head of Vedanta Spark) and Mr. Sanjeev Malhotra (CEO, MeitY-nasscom CoE), along with the Nasscom CoE team from Bangalore, signed an MoU. Both teams pledged to pursue an agenda focused on future technology sectors; addressing needs and developing a roadmap for innovation and progress.