The institute will be part of a global network of similar AI institutes in the US, the UK, Canada and China, among others, the Big Four accounting firm said.
“It will act as a focal point for us to bring the entire AI ecosystem together and take it to our clients,” said Saurabh Kumar, partner, Deloitte Touche Tohmatsu India. Deloitte will also leverage the institute to make its workforce more AI aware, he said.
To start with, the institute will bring in a few AI-enabled solutions for identified sectors. Kumar said that they were in the process of identifying priority sectors for India, but this would include government, consumer business and banking and finance.
“These are sectors where we already have done a lot of work like creating AI-enabled solutions,” he said.
Deloitte would bring in global solutions, which can be customised for its India clients as well as develop its own solutions for a few priority sectors.
The AI institute ecosystem or network will connect these organisations with academia, research groups, and startups to execute real tasks with insight and know how. AI solutions will use data, voice, text, and pictures from these organisations to predict or classify specific outcomes and then to translate those into business performance.
With the pandemic, a lot of work went virtual, creating large amounts of data. Adoption of IoT and other emerging technologies too is creating huge volumes of data. Deloitte will work with clients to apply AI to this data to create solutions and leverage it better, the firm said.
