BRICS countries need to deepen innovation ties: Report

BRICS countries need to deepen innovation ties: Report
Zyfra MDCplus
Finland, Pasilankatu 2, 00240 Helsinki
21.01.2020

“BRICS countries need to promote networking between chambers of commerce and industry, business councils, professional associations and unions, intensify collaboration between business entities through joint projects, trade fairs and exhibitions in the hi-tech sector,” said Igor Bogachev, CEO of Zyfra.

New Delhi: Cooperation on developing high-end technologies shall become an important point of the agenda for BRICS countries during Russia’s presidency, says a report of Zyfra Company, a digital solutions vendor in the growing market of Industrial Internet of Things (IIoT) and Artificial Intelligence (AI).

“BRICS countries need to promote networking between chambers of commerce and industry, business councils, professional associations and unions, intensify collaboration between business entities through joint projects, trade fairs and exhibitions in the hi-tech sector,” said Igor Bogachev, CEO of Zyfra.

According to the report, the countries shall consider the opportunities to jointly implement digital solutions for mining industry, machinery, oil and gas and metallurgy, as well as share their best practices, such as implementation of robotic mining equipment and real-time machine monitoring and manufacturing data collection systems.

“We have not yet learned how to create the prerequisites for medium-sized companies and small business to learn about each other. This is a task that we need to resolve together. Digitalization is not a dialogue between major companies, but rather a dialogue between major companies and medium-sized and small ones. What small companies are creating in terms of IIoT and AI has not yet been created by big ones – it has not been created by anyone, for that matter,” added Bogachev.

On January 1, Moscow took over the one-year chairmanship of the BRICS group (Brazil, Russia, India, China and South Africa). Russia plans to carry out about 150 activities at various levels during its chairmanship, which will culminate in July, when St. Petersburg will host the next BRICS summit. The five countries’ leaders will hold another meeting on the sidelines of the G20 summit in the Saudi capital of Riyadh in November.

“Alongside, innovation companies from Brazil, Russia, India, China and South Africa shall consider the meeting on the sidelines of the Business Twenty (B20), which is the official G20 dialogue with the business community,” he said.

According to procedure, each BRICS member takes over the group’s chairmanship for a year. Russia last chaired BRICS in 2015, when a summit took place in Ufa. Russia also presided over the group back in 2009, before BRIC turned into BRICS following South Africa’s accession.

The Zyfra Report has analyzed scientific projects and commercial rollouts in the field of Artificial Intelligence and Machine Learning conducted by research organizations and companies from 27 countries. The largest number of publications are in the USA (32%), China (12%) and Germany (10%). India has also made it to the top 10 countries (5%).

Typically, Machine Learning techniques have been used in discrete manufacturing (44%), in the process industry (22%) and in the electric power industry (11%). A further 23% of projects belong to the industries where AI applications are at early stages of development.

“The main barrier for commercial projects in BRICS countries is a lack or absence of data which correctly describes undergoing process. Successful results are mainly achieved by interdisciplinary groups consisting of data scientists, IT specialists and industry experts,” said Igor Bogachev.

BRICS countries have been also called upon to organize hackathons to solve problems linked to the AI applications, as well as to build bridges with universities and the academic community in general to solve more fundamental problems in the area of Artificial Intelligence and bring the subsequent results into commercial use.

“We believe that there is a huge opportunity for significant breakthroughs in the IIoT and AI market for the companies from BRICS countries. There is still no obvious leader in that market, the market is just forming. Therefore, young companies in this area have a chance to take a prominent place,” he added.

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