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Vaidya J.R, SVP and Global Head - Business Intelligence and Decision Sciences,Hexaware Technologies
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AI-based medical diagnostics, flying cars, autonomous cars, practical quantum circuits, atomically precise manufacturing, AI passes the Turing test, cryptologically useful quantum processors, medical nanorobots, connections between the human cortex and the Cloud... No, I am not describing scenes from sci-fi movies. I am talking about the trends that are expected to become a reality sooner than we think. Even Peter Diamand is alludes to this and more in Countdown to Singularity. With Artificial Intelligence (AI) fast becoming a reality, global AI spend is expected to reach USD 100 B with a CAGR of 30 percent. AI is impacting not only the industrial segments but also our day-to-day lives. I am a huge fan of Spotify, and users of Spotify app will know that the listening experience of over 200 Mn users is governed by AI through multiple algorithms and it is also believed that Spotify algorithms probably know musical tastes of each user even better than they know it themselves. In this context, I wanted to discuss some of the top trends in AI in 2020 that are going to re-define our lives in 2020 and beyond.
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10 Most Recommended AI Startups - 2020
AI is turning the business world on its head, as every year technological innovations seem to have been setting new benchmarks. According to a research published by Gartner’s 2019 CIO Agenda Survey, between 2018 and 2019 organizations that have deployed Artificial Information grew from 4 percent to 14 percent. Spurred by the success of Amazon Alexa, Google Assistant and others; conversational AI remains at the top of corporate culture. Compared to a few years ago, AI is reaching businesses in various ways. The use of automated Machine Learning and intelligent applications is gaining momentum and so is the use of AI platforms as a service and Cloud services. Meanwhile, new technologies such as explainable AI, augmented intelligence and data labelling continue to crop up in the market space. Many large companies are spending millions of dollars on R&D research in a quest to find the best technological solutions to their operational needs. India has a lot of software prowess due to its talent and ability in Machine Learning, computer vision and deep learning. In fact, India is on the cusp of leading the next IT revolution in the upcoming decades. Industrial AI is a space where India is set to take on a leadership position in the global AI ecosystem. Since the early 90’s itself the IT services in India has seen a tremendous growth rate which accounted for 7.7 percent of the country’s GDP back in 2017. Accenture in its annual AI report estimated that AI will boost India’s growth by 1.3 percentage points by 2035. In addition to the infinite potential that India possesses in the field of AI technology, India is also providing a perfect playground for foreign enterprises to set up their bases and develop scalable IT solutions. Therefore, we present to you a list of 10 Most Recommended AI Startups – 2020. Being closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXOs, analysts and CIO Insider editorial board, we believe these companies are not only going to drive the next innovations in AI but also will contribute towards the growth of India in the future.
10 Most Recommended AI Startups - 2020
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Company Logo | Company Name | Company Management | Company Description |
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AIBridge ML | Ajay Ray, Co-Founder & MD | Specializes in delivering Industry agnostic AI Solutions in Machine Learning, Predictive Analysis, NLP and Deep Learning to help organizations to gain competitive advantage. | |
Artivatic.ai | Layak Singh, Founder | Utilizes intelligent systems and processes using AI, ML & Data to offer credit/insurance underwriting, fraud prediction, risk profiling, and KYC Automation & Compliance. | |
Eightfold AI | Ashutosh Garg, Co-Founder & CEO | Offers a workforce analytics solution to the businesses with specialization around Talent intelligence, AI recruiting software and ML. | |
Future Tech Solutions | Ch Nagaveni, Chairperson & Founder | Digital Transformation with RPA implementation with AI & Cognitive capability, chatbot development and implementation, development of physical Robot for Corporate Security, and Virtual Bot with computer vision & NLP capability. | |
Haptik | Aakrit Vaish, Co-Founder & CEO | Provides specialized bots and a hybrid interface for human-to-AI transitions, a drag-and-drop bot builder, and detailed conversation analytics. | |
hethi | Vijayalakshmi G, Co-Founder & CEO | Helps businesses in the field of digital business process automation with a platform built in-house. | |
RadomeTech | Nagendra Prasad Kumble, Director | Specializes in Artificial intelligence, Machine Learning, Enterprise Solutions, Supply Chain and Logistics. | |
RADSSOON | Sundar Balamurugan, CEO | Service provider in the sector of information & technology, web designing, mobile application, game development, and electronics & communication. | |
SigTuple | Rohit Kumar Pandey, Co-Founder & CEO | Combines the power of microfluidics, Robotics, AI and Cloud Computing to create smart diagnostic solutions in healthcare industry. | |
Uncanny Vision | Ranjith Parakkal, Founder & CEO | Delivers AI-based real-time surveillance solution, Automatic Number Plate Recognition system, high accuracy vehicle detection, classification & counting systems. |