Israeli technology firm Data Science Group (DSG) will partner with the Victorian Government to launch its first Artificial Intelligence (AI) Centre of Excellence in Australia.
To be based in Melbourne, DSG will invest $16.4 million over five years through the new Centre of Excellence (CoE) to assist local businesses in developing advanced AI solutions and models, along with monitoring and governance of AI systems to meet new data regulations. Up to 36 specialist AI jobs are expected to be created through the Centre.
In a statement, the Government said the CoE will provide a space for academics and industry to partner on AI innovations, delivering R&D along with commercial and educational projects.
The establishment of the new Melbourne CoE was facilitated through Invest Victoria.
“The arrival of DSG in Melbourne further establishes our position as an innovation powerhouse – responsive, inclusive and backing future opportunities like AI,” said Minister for Economic Development Tim Pallas.
“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.”
Data Science Group chief executive and co-founder Dr Elan Sasson said the company, which specialises in AI Centres of Excellence, will offer its “expertise together with [its] AI enterprise solutions to Australian business to build AI and machine learning capabilities in diverse domains and use-cases”.
Established in 2016, the company said it has achieved a 90 per cent success rate for deploying real-world uses of AI and machine learning in commercial settings.
“Our vision is to remove the ivory tower around scientific research and make it useful in the real world,” the company notes in a brief on its website. “We aim to harness advanced AI/ML technology to find answers to questions that can propel economies and societies forward, and make businesses more efficient, prosperous and better suited to serve the world.
In 2020, the company launched its “first of its kind” AI governance platform, enabling it to analyse and monitor data models, issue alerts, and suggest changes to prevent model deterioration – “without using brute force”.
“The combination of end-to-end project planning and execution alongside our platform, ensures the highest level of accuracy in predictions, even when circumstances change.”
DSG’s director of strategic partnerships Daniel Fidler said the CoE invites “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”.