NEC Technologies and IIT-Bombay will collaborate on value creation for major government initiatives across smart cities, logistics and transportation domain.
NEC Technologies India (NECTI), a subsidiary of NEC Corporations, has entered into an agreement with the Indian Institute of Technology Bombay (IIT-B) to explore joint research and development in the field of big data analytics, Internet of Things (IoT) and Artificial Intelligence (AI).
Dr. Akihiko Iketani, Head of NECTI’s NEC Laboratories India (NLI) and Dr. Suhas Joshi, Dean of ‘Alumni & Corporate Relations’ and ‘Rahul Bajaj Chair Professor’ at the Department of Mechanical Engineering, IIT-B, signed a Memorandum of Understanding (MoU) on joint R&D in Mumbai on Monday.
Under this MoU, the IIT-B and NECTI will jointly work on value creation for major government initiatives across smart cities, logistics and transportation domain, by leveraging advanced technologies.
They want to explore the use of big data analytics to optimize the movement of logistics containers across the country, to reduce time for delivery of goods and logistics cost.
The collaboration aims to solve social challenges in the country
Through this joint R&D effort, Dr. Iketani said that they aim to address social challenges posed by rapid urbanization and economic development in India, such as improving the efficiency of logistics networks, reducing road congestion and air pollution, and achieving smarter and safer cities.
The signing of this MoU is said to have further strengthened the existing tie between NECTI and the IIT-B. According to Dr. Iketani, more than 30 graduates have joined NEC’s Central Research laboratories in Japan since 2012.
Dr. Suhas Joshi from IIT-B believes that such cooperation would open up new avenues of research for their students and faculty members.
NEC started operations in India in the 1950s. From telecommunications to public safety, logistics, transportation, retail, finance, unified communication and IT platforms, the company serves community interests reaching from governments and private businesses to individuals.
The company operates across India with offices in New Delhi (head office), Noida, Mumbai, Chennai, and Bengaluru.