Key takeaways
- Rolls Royce is mentoring Indian startups in advanced analytics and artificial intelligence through its R2 Data Labs.
- The initiative aims to strengthen Rolls Royce's presence in India by fostering collaboration with emerging innovators.
- R2 Data Labs was established to enhance data innovation and improve operational efficiency within the company.
- Rolls Royce's strategy focuses on a collaborative approach to maintain competitive advantage in the digital age.
Leading automaker Rolls Royce will be mentoring and providing technical support to Indian startup specialised in the field of advanced analytics, artificial intelligence, the blockchain, sensing through its acceleration hub, R2 Data Labs, the company announced in Bengaluru recently.
With Bengaluru turning itself into a global hub for startup innovation, the move can be seen as an attempt to strengthen Rolls Royce's foothold in India through collaborative practices. With the collaborations, the company will be directly engaging with budding startups that harnesses the latest technologies from a wide community of innovators.
Rolls Royce launched R2 Data Labs in 2017 to accelerate data innovation by tapping the best use cases of AI, Ml and advanced analytics. By fostering in-house innovation, it further hopes to improve its design, manufacturing and operational efficiency to further customer satisfaction.
"Sitting at the heart of our vision for the digital age is a collaborative approach to innovation, where we actively look to develop new, radical ways of working to maintain our competitive edge. Working with IoT start-ups helps us to accelerate digital transformation, deliver further value to customers, improve existing services and create new areas of growth. At the same time, we also get to help those innovators to succeed, and share in their pace, inventiveness and energy,” said Caroline Gorski, Group Director of R2 Data Labs about the development
To achieve this, the company has also partnered with Tata Consultancy Service and Microsoft for their digital services. While TCS will be closely working with Rolls Royce to provide digital platform capabilities, data capturing for faster product designing and development.
Speaking about the collaboration, Kishore Jayaraman, President, Rolls-Royce, India and South Asia, said, "We recognise that some of the best digital capabilities exist outside of our business. For Rolls-Royce to continue to pioneer the power that matters as a leading industrial technology company and be a strong industrial partner, we must champion collaboration. As a leader in applied industrial AI and analytics applications, R2 Data Labs is tasked to help Rolls-Royce become the ‘go-to’ industrial company.”
