Walmart Center Inaugurated at IIT Madras to Develop Solutions for MSMEs

By siliconindia  |  Wednesday, 28 February 2024, 07:32:27 PM IST

Walmart Center Inaugurated at IIT Madras to Develop Solutions for MSMEs
The Walmart Center for Tech Excellence, established at the Indian Institute of Technology Madras (IITM) with support from Walmart Global Tech, a division of Walmart Inc., has been officially inaugurated. This centre is dedicated to creating AI-driven solutions to facilitate the integration of digital technologies by micro, small, and medium enterprises (MSMEs), enhancing their operational efficiency and profitability, according to a released statement.
It will work towards building an open-sourced, domain-agnostic platform that will develop engineering analytics solutions, making them widely accessible. Additionally, it will build a repository of case studies to accelerate AI adoption in the manufacturing and retail industries. These case studies will also be leveraged to deliver skilling programmes focused on the basics of AI and its application in the sectors.
Walmart Center for Tech Excellence was launched at an inaugural event in the presence of Walmart Inc.'s Global Chief Technology Officer (CTO) and Chief Development Officer (CDO) Suresh Kumar, Walmart Global Tech SVP & Country Head Balu Chaturvedula, IITM Director, Prof. V. Kamakoti, IITM Dean, Global Engagement, Prof. Raghunathan Rengaswamy, and Dean, Alumni and Corporate Relations, Prof. Mahesh Panchagnula.
In his remarks at the inaugural ceremony, Suresh Kumar. said, “As an IITM alumnus, I am especially proud of our ongoing partnership. I am both excited and confident about the potential of our centre to drive innovation in AI and make a positive impact in the MSME community in India."
Professor Kamakoti emphasized the significance of MSME growth for economic prosperity. IIT Madras has undertaken various projects, such as aiding MSMEs in minimizing energy usage. The research conducted at the Walmart Center is expected to provide substantial value to MSMEs, supporting their endeavors.
Source: IANS

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