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INVESCO, IIIT-H sign co-innovation MoU
Invesco Ltd. (NYSE: IVZ) signed a co-innovation memorandum of understanding with International Institute of Information Technology Hyderabad (IIIT- H). This will benefit students, educators, innovators, and startups exploring the fields of Artificial Intelligence (AI), Machine Learning (ML), and Predictive Analytics.
Hyderabad: Invesco Ltd. (NYSE: IVZ) signed a co-innovation memorandum of understanding with International Institute of Information Technology Hyderabad (IIIT- H). This will benefit students, educators, innovators, and startups exploring the fields of Artificial Intelligence (AI), Machine Learning (ML), and Predictive Analytics.
The goal of the partnership is to drive progress in AI, ML, and predictive analytics for asset management as well as to exchange ideas and gather insights on emerging technology from across different industries. The co-innovation model will allow internal development and engineering teams to work closely and collaborate with research teams and professors at IIIT-H.
“We are pleased to continue investing in the Hyderabad community, and this partnership is a logical next step for us as we continue to grow our predictive analytics and machine learning programs at Invesco,” said Donie Lochan, Chief Technology Officer of Invesco.
“IIIT-H is close to our Hyderabad office, and will provide us further opportunities to work with the Institute’s diverse talent pool of research students and professors. We’re excited for the future innovations coming from Hyderabad that will have global impact,” said Swaroopa Akula, Technology Head of Station, Invesco Hyderabad.
Professor Ramesh Loganathan, Head of Research, Outreach and Co-innovation, IIIT-H said, "With a key founding principle of IIIT-H being applied research, lately we have been exploring new models of industry to engage with research. And the Co-Innovation is gaining a lot of traction both amongst tech companies and also startups. Very happy to see a global major like Invesco signing up now."
