Gandhinagar (Gujarat) [India], Infibeam Avenues Ltd, has embarked on a transformative initiative in collaboration with the Entrepreneurship Development Institute of India (EDII), Ahmedabad.
According to the exchange filing, this Memorandum of Understanding (MoU) aims to accelerate the adoption of Artificial Intelligence in enterprises, startups and MSMEs, positioning EDII as a pioneer in the integration of advanced AI technologies.
EDII, established in 1983 as a national resource institute for business education and innovation, is sponsored by leading financial institutions such as IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd., State Bank of India (SBI) and government. of Gujarat.
Under the MoU, Infibeam Avenues Ltd has successfully deployed its THEIA platform, an advanced platform for video AI developers, at the EDII campus in Gandhinagar. This implementation equips EDII students and entrepreneurs with cutting-edge tools to develop AI-powered products using THEIA, improving efficiency and business capabilities.
Dr. Sunil Shukla, Director General of EDII, emphasized the strategic alignment of this collaboration with EDII's mission of fostering innovation and entrepreneurship.
"By integrating advanced AI technologies like THEIA platform and AI Facility Manager into EDII, it will equip our students, startups and MSMEs with the tools they need to thrive in a digital world. This partnership not only enhances the learning experience at EDII, but also enabling entrepreneurs to leverage AI for sustainable growth and business excellence, EDII and Infibeam Avenues Ltd will pave the way for a future where AI and digital solutions are integral to business success," commented Dr. Shukla.
Infibeam has introduced its AI Facility Manager at EDII, which initially focuses on integrating datasets and visual data from campus CCTVs to monitor entrances and exits.
This facility management tool is designed to evolve into a comprehensive system covering security management, resource allocation, occupancy monitoring and more, thereby improving operational efficiency across the institute.
Rajesh Kumar, CEO of Phronetic.AI, the AI business unit of Infibeam Avenues Ltd, highlighted the importance of AI in campus operations.
"Phronetic's AI is unrivaled in empowering organizations to seamlessly integrate activity-based management principles into their daily operations, unlocking unprecedented operational efficiencies. AI Facility Manager is a game-changer for IT teams. campus management, prioritizing issues and identifying deviations from standard procedures quickly, thus driving greater efficiency," Kumar said.
Infibeam Avenues Ltd, through this collaboration, aims to provide EDII with comprehensive technological support, including infrastructure and expertise in developing artificial intelligence solutions tailored to various industry needs.
Vishal Mehta, Chairman and Managing Director, Infibeam Avenues Ltd, underlined the strategic objectives of the collaboration.
"This collaboration aims to inject a dynamic factor into business initiatives by integrating AI and technological solutions. In the future, only those entrepreneurs who adopt digitalization and artificial intelligence as integral parts of their business operations will prosper and achieve growth sustainable. And this collaboration aims to prepare them for the future," said Mehta.
The MoU outlines specific programmes, including the Startup Acceleration Programme, AI Deployment Programme, and MSME Support Programme, designed to foster innovation and accelerate AI adoption among startups and MSMEs.
Infibeam will also implement 'EDII Campus Solutions' encompassing digital monitoring and AI-powered security measures to improve operational efficiency.
According to the exchange filing, this Memorandum of Understanding (MoU) aims to accelerate the adoption of Artificial Intelligence in enterprises, startups and MSMEs, positioning EDII as a pioneer in the integration of advanced AI technologies.
EDII, established in 1983 as a national resource institute for business education and innovation, is sponsored by leading financial institutions such as IDBI Bank Ltd., IFCI Ltd., ICICI Bank Ltd., State Bank of India (SBI) and government. of Gujarat.
Under the MoU, Infibeam Avenues Ltd has successfully deployed its THEIA platform, an advanced platform for video AI developers, at the EDII campus in Gandhinagar. This implementation equips EDII students and entrepreneurs with cutting-edge tools to develop AI-powered products using THEIA, improving efficiency and business capabilities.
Dr. Sunil Shukla, Director General of EDII, emphasized the strategic alignment of this collaboration with EDII's mission of fostering innovation and entrepreneurship.
"By integrating advanced AI technologies like THEIA platform and AI Facility Manager into EDII, it will equip our students, startups and MSMEs with the tools they need to thrive in a digital world. This partnership not only enhances the learning experience at EDII, but also enabling entrepreneurs to leverage AI for sustainable growth and business excellence, EDII and Infibeam Avenues Ltd will pave the way for a future where AI and digital solutions are integral to business success," commented Dr. Shukla.
Infibeam has introduced its AI Facility Manager at EDII, which initially focuses on integrating datasets and visual data from campus CCTVs to monitor entrances and exits.
This facility management tool is designed to evolve into a comprehensive system covering security management, resource allocation, occupancy monitoring and more, thereby improving operational efficiency across the institute.
Rajesh Kumar, CEO of Phronetic.AI, the AI business unit of Infibeam Avenues Ltd, highlighted the importance of AI in campus operations.
"Phronetic's AI is unrivaled in empowering organizations to seamlessly integrate activity-based management principles into their daily operations, unlocking unprecedented operational efficiencies. AI Facility Manager is a game-changer for IT teams. campus management, prioritizing issues and identifying deviations from standard procedures quickly, thus driving greater efficiency," Kumar said.
Infibeam Avenues Ltd, through this collaboration, aims to provide EDII with comprehensive technological support, including infrastructure and expertise in developing artificial intelligence solutions tailored to various industry needs.
Vishal Mehta, Chairman and Managing Director, Infibeam Avenues Ltd, underlined the strategic objectives of the collaboration.
"This collaboration aims to inject a dynamic factor into business initiatives by integrating AI and technological solutions. In the future, only those entrepreneurs who adopt digitalization and artificial intelligence as integral parts of their business operations will prosper and achieve growth sustainable. And this collaboration aims to prepare them for the future," said Mehta.
The MoU outlines specific programmes, including the Startup Acceleration Programme, AI Deployment Programme, and MSME Support Programme, designed to foster innovation and accelerate AI adoption among startups and MSMEs.
Infibeam will also implement 'EDII Campus Solutions' encompassing digital monitoring and AI-powered security measures to improve operational efficiency.
