LTIMindtree and IBM Forge Alliance to Establish Generative AI CoE

On May 7, 2024, LTIMindtree Limited informed the exchanges that it is collaborating with IBM to establish a global, joint Generative AI Center of Excellence (CoE) in India. This co-innovation centre aims to combine the power of the IBM watsonx AI and data platform with LTIMindtree’s engineering skills.

Open innovation drives the growth of enterprise AI technology by enabling companies to use AI-infused solutions to tackle business challenges. This same open innovation plays a key role in the collaboration between LTIMindtree and IBM.

The LTIMindtree and IBM CoE aims to provide a wide range of services, combining LTIMindtree’s proficiency in data and machine learning model customisation and full-stack engineering with IBM Watsonx technology, encompassing watsonx.ai, watsonx.data, and watsonx.governance, along with AI assistants. Situated in India, the center will concentrate on developing specific solutions to hasten clients’ adoption of generative AI.

LTIMindtree stated that this partnership is expected to provide several benefits to clients, including providing them access to the following:

• IBM watsonx.governance: LTIMindtree plans to integrate IBM watsonx.governance with the Canvas.ai platform, creating a collaborative toolkit for organisations. This enables strategic integration of AI governance frameworks across the AI lifecycle. These platforms together offer users the necessary structure and processes to navigate regulatory complexities, ensuring adherence to ethical standards, compliance requirements, and responsible AI practices.
• IBM watsonx.data: The Center of Excellence will provide an enterprise data modernisation and warehouse augmentation service leveraging watsonx.data. This service will provide the data warehouse consumers with tools and frameworks to enhance the performance of their existing capabilities. It harnesses IBM watsonx. data’s capabilities and LTIMindtree’s expertise in crafting customised solutions.
• IBM watsonx.ai: The CoE is set to offer a range of services focused on modernising full-stack applications across various domain-specific use cases, including mainframe application modernisation. Leveraging LTIMindtree’s expertise in full-stack engineering and the robust IBM watsonx.ai studio, enterprises can streamline their efforts in training, validating, tuning, and deploying AI models as part of their modernisation initiatives.

Speaking of this collaboration, the COO and Whole-time Director of LTIMindtree, Nachiket Deshpande, said, “Open innovation is the cornerstone of progress in the digital era. By joining forces with IBM, LTIMindtree aims to be at the forefront of advancing AI technologies and empowering businesses to achieve unparalleled success with governance.”

On May 8, 2024, the share price of LTIMindtree Ltd opened at ₹4,725.00, touching the day’s high at ₹4,728.85, as of 9:45 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.