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Axis Bank Signs Up Contract with the Indian Institute of Science, Bengaluru

CIO Insider Team | Tuesday, 10 January, 2023
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According to reports, Axis Bank has contracted up with the Indian Institute of Science (IISc), Bengaluru, to establish a Centre for Mathematics and Computing at the Institute.

The Axis Bank Centre for Mathematics and Computing is India’s first comprehensive Academic Research Centre on Mathematics and Computing.

IISc says, “It will play a vital role in building the nation’s future as many contemporary and futuristic areas such as Artificial Intelligence and Data Science rely on the foundations of mathematics and computing.”

Feast over 1.6 lakh square feet of space, the Centre will have state-of-the-art labs and programs that will profit faculty and students from more than twenty departments of the premier institute.

The Centre will swarm the new IISc BTech program in Mathematics & Computing and the ongoing Interdisciplinary PhD program in Mathematical Sciences. It is predicted that over 500 engineers and scientists will take advantage from the Centre every year.

IISc director Govindan Rangarajan says “Mathematics and Computing are at the core of critical disciplines like Computational Fluid Dynamics, Computational Biology, Quantum Computing, Precision Medicine, Digital Health, Climate Science, Materials Genomics, Cybersecurity, AI, ML, and Data Science.The Axis Bank Centre for Mathematics and Computing will provide a platform for exploring and advancing research and innovation in the above areas.”

The higher education ecosystem is a space that is constantly evolving, especially post Covid, and India has huge potential to stand out as a global hub for new-age, innovative and quality education

Axis Bank managing director Amitabh Chaudhry says, “It was a proud moment for the bank to be a part of IISc’s journey while it was building one of the largest, dedicated Centers for Mathematics and Computing.”

Chaudhry says, “The higher education ecosystem is a space that is constantly evolving, especially post Covid, and India has huge potential to stand out as a global hub for new-age, innovative and quality education. For us, this is one small way to play our part in supporting and nurturing the future generations of the country.”

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