Industry and academia are essential for creating an AI ecosystem and Here’s how
An AI Ecosystem is a group of AI systems that are coupled together to some extent to achieve a common goal. The goal is establishing an AI ecosystem is automation via applied ML, big data, etc. The important aspect of an AI Eco-system is the establishment and continuous refinement of processes to enable smooth data sharing between different AI systems. this is generally achieved by putting AI systems in both academia and industry. Although academia and industry have each played central roles in shaping AI technologies.
In AI, there has been a differentiation between the roles of academia and industry. Academics focus more on basic research, education, and training. Industry focuses more on applied research and development in commercially viable application domains. Industry-academia partnerships are instrumental in advancing research and creating a skilled workforce. The eminent panelists from industry, government, and academia at The Rise of AI-Preneurs” said that collaboration of academia and industry by efforts of highly qualified academia to harness the immense potential and develop the Artificial Intelligence ecosystem.
Industry and academia in AI ecosystem:
AI is transforming the technological landscape all over the world. AI is widely being deployed across all major sectors such as manufacturing, agriculture, healthcare, retail, banking, security, financial services, defense, etc.
Considering the increasing scope and relevance of AI, the development of an AI ecosystem in the country is essential. It can occur through collaborations with academia and industry.
The AI initiatives of promoting world-class research are having a wide-ranging positive impact in areas such as healthcare, medicine, security, epidemiology, nutrition, air pollution, etc. Most importantly keeping courses of Artificial Intelligence and ML as part of Undergraduate, Graduate, and Ph.D. Programs are creating a workforce skilled in AI technologies. Creating such an industry-ready workforce is essential to data and AI in the next generation.
Why are industry-academia partnerships so important for growth and development?
The debate regarding the appropriate roles and relationship of academia and industry in the development and deployment of Artificial Intelligence applications. This debate arises from two facts. First, the commercial sector continues to lead in AI investment, research, and applications, government spending combined. Second academia is for full-time roles in industry, and the long-term consequences of this shift are potentially worrying. we must consider the range of ideal roles academia and industry might play.
Collaboration between industry and academia promotes innovation and growth in technology. Industry partnerships are instrumental in advancing research and creating a skilled workforce. From these partnerships, the industry gains work-ready talent with specialist knowledge and practical training, and universities benefit by having opportunities to work on relevant technologies. As digitization increases in the world, the opportunity of having a young tech-savvy population ready to apply its learnings in key fields such as AI and Big Data to solve major challenges facing critical industries like healthcare and energy.
As we enter the next decade of AI technologies, substantial changes will take place in healthcare with personalized medicine, digitization of the economy, and society with AI and high-performance computing. These will require solutions that can be deployed sustainably in the AI ecosystem. Therefore, industry-academia collaborations with an enabling government framework will be imperative to innovate and commercialize these solutions.