Indo Russian Lunar Mission To Boost AI Business AI : Solutions Company

An Indo Russian lunar mission is likely to give a boost to the artificial intelligence industries in both states, said Finnish Russian electronic solutions provider Zyfra. Zyfra, that has joined hands with Indian companies at give Internet of Things and AI based solutions for the industrial sector, said in a statement that collaboration in the area sector can double AI and IoT technology share of Russian and Indian Gross Domestic Product. Russia and india signed an agreement on joint activities in the sphere of human spaceflight programme, during Russian President Vladimir Putin’s visit here in October 2018.

Construction and maintenance of autonomous stations both in distance and on the moon surface may need advanced AI solutions. We think that not later than 2030, we’ll get these solutions operational, Zyfra’s R&D Head Sergey Sviridov stated in a statement. According to market and Markets Research, the AI business in India is now devoting $180 million annually in earnings while the volume of AI market in Russia is $3 billion, it stated, adding that the global AI market was estimated to be worth $190 billion by 2025. As past experience shows, adjustments of AI solutions for commercial use will make high technology industries of those nations more aggressive in the long run and could lead to some substantial economic and technological advancement, Sviridov said.

Zyfra lately announced it’s reached $3 million in contracts with its counterparts in 2018 and the business plans to reach the target of $50 million in India related deals by 2021. The company has already signed agreements with different firms including Spudweb, Abcon Group, Parivartan Automation, Agaram Infotech, Wimerasys, Nortech Trinity and Mascot Tools. Zyfra is implementing seven aviator projects in collaboration with its Indian partners and plans to establish five more projects, including for production of farm machines and also for fabricating components for the aerospace divisions of Boeing and Rolls Royce. Underneath the India Russia area agreement, both nations will be collectively developing a number of projects like engines station construction and the lunar base on the surface of the satellite, the announcement added.

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