Cognite Expands AI Operations in India with New Services Center
Cognite has launched its AI services center in Bengaluru, India, aiming to partner with top local conglomerates. The company plans to invest significantly in India, capitalizing on the demand for alternatives to China. Cognite specializes in industrial software, and this move reflects a growing trend among global companies responding to India’s push for foreign investments.
Cognite, an industrial software company backed by Saudi Aramco, has launched its AI services center in Bengaluru, India. This move is part of Cognite’s strategy to explore contracts with India’s leading conglomerates, having already partnered with a large cement company and a major automotive brand, although specifics remain undisclosed.
Chief Strategy Officer Hakon Bjerke emphasized the company’s commitment, stating that Cognite is investing millions of dollars in India, with plans for increased investment. The company specializes in software that enhances operational efficiency and safety for industrial installations like oil and gas platforms.
CEO Girish Rishi highlighted the decision to enter the Indian market, attributing it to the global demand for alternatives to China. Major companies such as Apple and Tesla are also expanding in India, influenced by governmental initiatives to attract foreign investments.
As the AI sector evolves, manufacturing companies are increasingly adopting this technology to improve operations, product quality, and supply chain management. Cognite’s recent relocation of its headquarters to the U.S. marks its growth, serving notable clients including AkerBP, Cosmo Energy Holdings, and Koch Chemical.
Saudi Aramco holds a 7.4% stake in Cognite through its subsidiary Aramco Overseas Company B.V., demonstrating its strategic investment in innovative technologies within the industrial domain.
Cognite’s establishment of an AI services center in India signals a significant expansion strategy, reinforcing its commitment to invest in the region. The partnerships with key industry players and the evolving landscape of AI in manufacturing illustrate the potential for growth and innovation in this sector.
Original Source: www.usnews.com
