Homegrown tech company signs MoU with focus on big data analytics, AI

The emergence of Artificial Intelligence (AI) is evident and almost every company is investing in this domain to reap maximum benefits in the coming days. Keeping in mind the long-term benefits of AI, homegrown technology company Yudiz Solutions has signed a Memorandum of Understanding (MOU) with Nirma University. According to the company, which specialises in game and AI/ML development, the collaboration focuses on key areas such as big data analytics, AI, and others. The AI firm said that the MoU aims to bridge the gap between industry practices and academic research. 

"This collaboration marks a significant step towards fostering technological innovation in education and creating opportunities for collaborative research and development," the company said in a release.

With the MoU, both entities also aim to maximise shared knowledge and promote real-world applications to emerging technologies through hands-on intern projects, consultancy, training programs and other projects.

"Yudiz Solutions seeks to align its expertise with rapid advancements in academia. The collaboration focuses on key areas such as Big Data Analytics, Artificial Intelligence, Blockchain, Cyber Security, Embedded System Security, Sensor Networks, and AR/VR," the company said.

Yudiz Solutions, incorporated in 2012 and mainly engaged in the AI and gaming sectors, went public in August this year. It had fixed the price band of the issue at Rs 162-165 per equity share, aggregating to Rs 44.84 crores. The firm had said that it would use the net proceeds from the public offer to meet expenses required for acquisitions, development of new products and technologies, branding and marketing purposes among others.