CHENNAI : The Wadhwani School of Data Science and AI (WSAI) at IIT Madras is partnering with Lloyds Technology Centre, a technology and data company, on research-based industrial projects and deep research projects.
This collaboration will foster innovation and research opportunities and enhance the technical and scientific capabilities of WSAI and Lloyds.
A Memorandum of Understanding (MoU) was signed on 8th July 2025 at IIT Madras campus in the presence of Prof. Balaraman Ravindran, Head, Wadhwani School of Data Science and AI, IIT Madras, and Ms. Sirisha Voruganti, CEO and Managing Director, Lloyds Technology Centre.
As part of the agreement, engineers from Lloyds Technology Centre will be sponsored for advanced certified training programs during the term of the collaboration. The key focus areas for these programs include Advanced Data Engineering and AI/ML.
Highlighting the unique aspects of this collaboration, Prof. Balaraman Ravindran, Head, Wadhwani School of Data Science and AI, IIT Madras, said, “We are focused on enabling and driving research in data science and AI across seven key disciplines. A year ago, we established a significant initiative aimed at fostering deep partnerships with major industries. Today, we are excited to begin our journey with the Lloyds Technology Centre. This collaboration goes beyond a single project — it includes a strong training component, with a cohort of Lloyds’ scientists and engineers already being trained. Alongside this, we have begun exploring specific AI challenges, particularly in areas like banking and finance.”
Elaborating further on the research collaboration with WSAI, Ms. Sirisha Voruganti, CEO and Managing Director, Lloyds Technology Centre, said, “The vast potential to learn from data with the advancement in AI is immense. We are always striving to provide customers with faster, better and cheaper solutions. With a broad range of interests spanning pension, insurance, investments and more, we are very excited to delve down and collaborate with the researchers at the institute for building smarter predictive models. We are also ensuring the learning journey is continuous and sponsoring our employees to come to the Wadhwani School of Data Science and AI and get certified in advanced AI courses. We are excited about this collaboration and look forward to engaging in more areas soon.”
This partnership marks WSAI’s long-standing commitment towards bridging the gap between industry and academia collaboration, and bringing together deep research to address the real-world challenges.
