Kochi, July 23 -- Kerala Chief Minister V.D. Satheesan on Thursday inaugurated Naviq Technology, a new company launched by IBS Software Group to drive artificial intelligence-led innovation and transformation in the global travel industry.

Located at IBS Tower in Infopark Phase I, Kochi, Naviq Technology has been established to modernise the travel industry's capabilities developed by IBS Software over the past two-and-a-half decades by leveraging artificial intelligence (AI). The company will operate independently from IBS Software's other subsidiaries.

Inaugurating the company, Satheesan said Kerala would be transformed into a national hub for artificial intelligence and emerging technologies.

The world is witnessing an unprecedented e...