Gems and Jewellery Skills Council of India (GJSCI) has launched Jewellery Artificial Intelligence and Data-science Excellence (J.A.D.E.) which is a center of excellence for artificial intelligence focusing on the Gems and Jewellery Industry. The Chief Guest for the inauguration ceremony happened on 30th November 2020 was Prof Chaudhuri (Director, IIT Bombay) and the Guest of Honor was Shri Manish Kumar (MD and CEO, NSDC).
The industry is largely traditional and can significantly benefit from modern digital technologies. This first of a kind COE on AI launched by GJSCI focused on the Gems and Jewellery Industry will be working on the real-life problems of gems and jewellery manufacturers, exporters, and retailers. The key challenges faced in manufacturing like minimizing rejections and in Sales like poor hit ratio of designs, high market returns will be tackled through JADE using the AI / DS techniques. This center will help find solutions for industry at large and individual units as well.
Addressing the gathering, Mr. Sanjay Kothari, Chairman, GJSCI said, “the launch of J.A.D.E. is indeed a historical event where two of the country’s largest industries i.e. the gems and jewellery industry and the IT Industry are coming together on a common platform. The whole of the gems and jewellery industry have willingly offered their support towards this endeavor; a technological leap towards a better and brighter future.”
Dr. Manish Kumar, MD and CEO, NSDC said, “we have been talking for a while about the need for convergence between the world of IT which has been changing the economy with various sectors. Gem and Jewellery Sector Skill Council (GJSCI) has taken the lead and has enabled the futuristic version of what will be a lesson for many other SSCs in this direction to learn from. We all know that GJSCI taking this initiative shows how futuristic they are. NSDC is always there to support this futuristic initiative of GJSCI, and will collaborate in exploring the funds required for J.A.D.E.”
This unique initiative is a culmination of extensive effort done over the year by GJSCI in association with various organizations and experts. Two of the biggest Indian industries i.e. Gems and Jewellery and Information Technology, along with active collaboration from IIT Bombay will be coming together to solve the industry challenges using state of the art Artificial Intelligence, Machine Learning, and Data Science technologies. There is enthusiastic support for this initiative from large and small companies of the Gems and Jewellery Industry, Industry organizations, IT Majors, and IIT Bombay.
Gems and Jewellery is an important industry in India. Over USD 80 Billion, half the revenues are exports. Over 90% of the world’s diamonds are cut in India and the industry contributes nearly 10% of India’s export and employs more than 5 million.
Also read: Scope for higher education and training in Gem and Jewellery sector https://www.nationalskillsnetwork.in/scope-for-higher-education-and-training-in-gem-and-jewellery-sector/