R Systems & IIT Delhi partner to set up a Centre of Excellence on Applied AI for Sustainable Systems

R Systems International Limited (a Blackstone portfolio Company), a global leader in digital product engineering and technology solutions, has signed a Memorandum of Understanding (MOU) with the prestigious Indian Institute of Technology Delhi (IIT-Delhi) to further its commitment to AI. R Systems will setup a Center of Excellence (CoE) on Applied AI for Sustainable Systems at IIT Delhi, which will include a cutting-edge research lab, the creation of an endowed faculty chair position, and the initiation of merit-based student scholarships. This initiative underscores the strategic priority of R Systems to promote innovation, enhance new-age skills, and develop deep tech.

The work produced by this CoE is expected to enhance the research and development capabilities of both R Systems and IIT Delhi. Highlighting the significance of this collaboration, Professor Rangan Banerjee, Director of IIT Delhi, emphasized the critical role emerging technologies play in preparing future research towards a sustainable world. "We are delighted to announce the establishment of the R System CoE at IIT Delhi. Sustainable computing and systems will be critically important in the future. Our collaboration with R Systems will result in the development of innovative approaches and cutting-edge AI techniques for sustainable computing." This strategic investment and partnership mark a significant milestone that will push the boundaries in advanced research and innovation in the field of AI.

"The disruptive impact of AI and Generative AI has become a talking point not only in board rooms but at every water cooler conversation as well. Just like every disruptive technology, finding the right use cases to implement AI/ GenAI that deliver differentiated ROI, and doing it in a responsible and sustainable manner is where our role becomes important. This collaboration between R Systems and IIT Delhi will facilitate the industry-academia partnership aimed at bridging the gap between theoretical research and practical application of AI solutions", said Nitesh Bansal, CEO and Managing Director of R Systems International Limited.

The R Systems CoE will serve as an R&D hub, bringing together R Systems researchers with faculty members and students to address at-scale real-world problems.

"In an era where Industry-Academia collaboration is at its most exciting phase, we extend our gratitude to R Systems and IIT Delhi for pioneering the integration of Information Technology, CSR, and research.

This collaboration signifies a transformative synergy that not only propels technological innovation but also addresses pertinent societal needs. Together, we embark on a journey that transcends traditional boundaries, bringing forth a new paradigm in collaborative excellence." - Professor Preeti Ranjan Panda, Dean of Corporate Relations, IIT Delhi.

Shares of R Systems International Limited was last trading in BSE at Rs. 461.30 as compared to the previous close of Rs. 462.70. The total number of shares traded during the day was 18105 in over 755 trades.

The stock hit an intraday high of Rs. 468.90 and intraday low of 454.85. The net turnover during the day was Rs. 8352310.00.

Source : Equity Bulls

Keywords

RSystemsInternational INE411H01032 MOU IITDelhi AI