New data analytics, risk and technology lab at IIT Madras

NEW DELHI: A laboratory to focus on data analytics, risk and technology (DART) was inaugurated at the Indian Institute of Technology, Madras or IIT Madras on Thursday. The lab has been established by the American Express and will promote talent and diversity said a statement from the institute.

It aims to be a world-class hub of research in risk analytics and behavioural sciences. It will use machine learning, artificial intelligence (ML/AI) and related technologies.

The American Express will also offer annual scholarships for economically-disadvantaged students and ‘Ambition Awards’ for women students of IIT Madras.

“The scholarships and awards will encourage our women students to excel in STEM and pursue enriching careers at the post-graduate level. We look forward to continued support from American Express for growing these efforts in the coming years,” said Bhaskar Ramamurthi, Director, IIT Madras speaking at the inauguration of the event.

“The DART Lab will focus on bringing data analytics to bear on problems arising due to the interplay of human factors and inherent risk or uncertainty in the work environment due to unknown or partial information,” he added.

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