Tardid Technologies: Unlocking The Potential Of AI In Heavy Industries

The market size of AI and tech startups in India is projected to witness robust growth in the coming years. The Indian AI market is expected to reach a value of $20.6 billion by 2025, driven by factors such as increased AI adoption, advancements in technology, and the emergence of new use cases. This growth is not only fueled by domestic demand but also by the global recognition of India as a leading provider of AI solutions and services. With India being recognized as a global technology hub, the country has seen a surge in entrepreneurial ventures focusing on AI-driven innovations. The combination of a vast talent pool, supportive government initiatives, and a thriving startup ecosystem has contributed to the expansion of this market.

10 Most Recommended Tech Startups - 2023

Innovation is Important for This World:

A tech start up is a company whose purpose is to bring technology products or services to market. These companies deliver new technology products or services or deliver existing technology products or services in new ways. A technology startup is a company that is focused on developing and commercializing new technology. This can include new software, hardware, or even a new business model. Technology startups are typically founded by entrepreneurs who have an innovative idea for a new product or service. The benefits of starting a tech startup are many. They include the potential for high growth, the ability to make a difference in the world, and the opportunity to work with talented and passionate people.

"You don’t build a business, you build people & then people build the business"

User Experience is Everything: Startups are important because they are the engine of economic growth. They are the source of new jobs, new products, and new services. They drive innovation and create wealth. Startups are riskier than established businesses, but they also have the potential to generate higher returns. Tech start up, have the potential to spread virally and reach millions of users very quickly compared to real companies. 'Real' companies have a harder job gaining customers and so growth is much slower, and since 'real' companies have been around for a very long time, it is very difficult to do something new or break into an existing industry.

Just out Startup to the World: Globally, 305 million startups are created every year. Startups are known for their ultra-high mortality rate. On average, only about 10 percent of all startups survive and become full-fledged business enterprises and thereare 137,000 startups emerging every day. With competition that high, it is hard for new startups to succeed. Launching a first startup is much more than opening a website and organizing business.

CIO Insider magazine in this issue presents a list of '10 Most Recommended Tech Startups - 2023' who have leveraged their extensive industry expertise and experience in bringing innovative solutions to business. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board.