Data Science Group’s new center will invest AUS$16.4 million to support Australian businesses’ rapid development of advanced AI solutions
Israeli tech firm Data Science Group (DSG) announced it will partner with the Australia’s Victoria government to set up its first international Artificial Intelligence (AI) center of excellence in Melbourne.
Victoria’s Minister for Economic Development, Tim Pallas, said that the new center will create new jobs and help drive Victoria’s economic recovery and growth.
“To supercharge our economic growth and create new jobs, we’re supporting experts from across academia and emerging sectors, and empowering our innovators to scale up and create new opportunities through AI,” said Pallas.
DSG helps businesses solve critical challenges using Artificial Intelligence (AI) and Machine Learning (ML) methodologies. It will invest AUS$16.4 million in innovation expenditure over five years to support Australian businesses’ AI capabilities from start to finish.
The new CoE intends to bring together academic and industry partners to deliver commercial, educational and R&D projects, and will provide support from the development stage to monitoring and governance of AI systems in order to meet upcoming data regulations and deliver optimum tangible business impact over time.
“The arrival of DSG in Melbourne further establishes our position as an innovation powerhouse – responsive, inclusive and backing future opportunities like AI,” Pallas added.
Data Science Group CEO and co-founder Dr Elan Sasson said: “We are excited to partner with the Victorian Government, offering our expertise together with our AI enterprise solutions to Australian business to build AI and machine learning capabilities in diverse domains and use-cases.”
The Victorian Government recently released Innovation Victoria, a multi-layer plan to keep the state at the forefront of innovation, drive the creation of new industries and support jobs for future generations.
Innovation Victoria builds on existing commitments with a new blueprint to turbocharge Victoria’s startup ecosystem, grow business and innovation precincts, develop homegrown talent, and commercialise world-leading research.
This new partnership with DSG is an example of how Victoria is attracting global companies from growth industries in line with the state’s International Investment Strategy.
Victoria’s tech sector contributes more than $38 billion to the economy annually, and supports almost 140,000 workers across 20,000 businesses.
DSG’s Director of Strategic Partnerships, Daniel Fidler, said that the group would like to invite “Australian businesses and members of the growing innovation ecosystem to reach out to explore collaboration opportunities that will help drive economic growth and sustainable business impact.”