Artificial Intelligence is changing the way we think of technology. It is radically changing the various aspects of our daily life. Companies are now significantly making investments in AI to boost their future businesses.
IDC estimated that the AI market will grow from $8 billion in 2016 to more than $47 billion in 2020. “Artificial Intelligence” today includes a variety of technologies and tools, some time-tested, others relatively new.
With a lot of development in AI happening around the globe, India is coming up with equally unique perspectives on the field, as their other developed counterparts.
Here are the 10 Artificial Intelligence (AI) focused startups in India that will rule in 2018 and beyond,
Launched in April 2016 by Adarsh Jain and Shashank Agarwal, Gurugram-based ThirdWatch offers the product ‘Mitra’ which evaluates and flags every transaction in real-time as fraudulent or genuine on the basis of a trust score.
The score is generated with the help of machine learning algorithms, user’s browsing behaviour analysis, device fingerprinting, location profiles and other evaluation parameters which determines every transactions’ authenticity.
E-commerce players and merchants can integrate the application with Mitra API which automatically blocks fraudsters at large scale, without having to hire additional staff for fraud review.
2. Parallel Dots
Founded by Angam Parashar, Ankit Singh and Muktabh Mayank, Parallel Dots has a team of techies who are passionate about making life simpler for internet users.
Their algorithm automatically searches for the important events on themes matching the users’ interest in the publishers archive and subsquently generates an interactive timeline of those themes on the publisher’s webpage itself for the end-users.
Parallel Dots also recommends content to end-users and hence is bound to have strong competition.
AirCTO, a human- and artificial intelligence-powered recruitment platform that helps companies hire technical talent.
AirCTO, operated and owned by LaunchYard Technologies Pvt Ltd, deploys a mix of human and AI elements in identifying the right technical talent for enterprises. It helps businesses save time by taking away the pain of screening a multitude of candidate profiles.
Enterprises can upload the bulk of candidate profiles on the AirCTO platform and apply filters. The AI machine then screens the profiles based on the filters and parameters provided by the company. The filters can be as specific as work experience, skill sets, education qualifications, etc. and the machine looks for a comprehensive and related search, not just keywords matching.
Based on AI and Natural Language programming (NLP), Niki.ai is a chatbot that users can ‘talk’ to. The app understands human language in the context of the products or services users wish to avail. Currently, users can search, discover, confirm, and pay for cabs and mobile recharges through a simple chat interface.
As a technology platform, Niki.ai has been built to be both simple and scalable — simple for customers to use and scalable as a product.
Niki.ai can also help users with mobile recharges through an integration with justrechargeit.
HealthMir provides information on health through videos. It has a library of more than 2,000 videos created around 500 odd health conditions. The app, which is available on the Google Play store and App Store, also allows users to understand their health risks through personalised health trackers. Users can also book a consultation with any of the 2,000 doctors and 100 hospitals that the company has tied up with.
It also runs an app called Sympler, where users can discuss their symptoms with a chatbot, while also accessing the consultation and content module. HealthMir also has corporate health solutions.
Bengaluru-based Vernacular.ai was launched in 2016 by IIT Roorkee alums Sourabh Gupta, Akshay Deshraj, and Manoj Sarda. The startup is building Natural Language processing (NLP) Technology in Indian languages to enable businesses to interact and engage with their multi-lingual customers in the languages preferred by them.
The startup has been working with financial institutions to enable them to increase their businesses in scaleable way. The startup launched their first B2C product earlier this year called Aisha, an AI-based personal assistant in Hindi.
Founded in April 2015 by Wharton School alumni Ankita Sancheti, Saksham Karwal and Vedanta Kumar, SeenIt helps consumers find items they love but don’t know where to get. Users can post an image of something they want and members of the SeenIt community, comprising fashion stylists and home decorators, help them with answers.
SeenIt also plans to introduce a personalised feed and add new revenue streams, including personalised ads and transactions on the platform.
The company is currently working with about 20 brands, including US-based Moda Operandi, Flyrobe, Puma, Nike, Koovs and LabelLife, among others. SeenIt runs paid campaigns for these brands on its platform.
Arya.ai uses complex Deep Learning Algorithms to develop General AI systems that can adapt and learn to multiple use cases with minimal inputs from humans.
The firm’s modules can be used in building intelligent AI systems for a vast number of use cases in multiple verticals — right from creating an AI assistant for radiologists to creating a ‘bot’ to automate the customer experience handling.
Arya.ai has been working with developers across verticals like travel, research, e-commerce, customer care, medicine and banking, and will soon address other verticals like automobile, military and defence.
Boxx.ai was launched in July 2016 by IIT alumni Ajay Kashyap, Prakhar Raj, and Shitiz Bansal. The startup builds products that use artificial intelligence to solve critical analytics problems at affordable costs.
AIDA is Boxx.ai’s first product. Its proprietary algorithms predict what each customer is likely to buy in the future. Then it delivers personalised customer experiences across all marketing channels (emails, app notifications, browser notifications, Facebook, and on the website or app) based on these predictions.
AIDA enables Internet companies to provide personalised products (for ecommerce companies), personalised content (for news portals and blogs), improved matchmaking (for matrimonial/dating, job portals) and targeted ads (for publishers with substantial inventory).
Haptik helps users get their service-related issues resolved by connecting them with experts from various enterprises. These range from online shopping to travel bookings, food delivery, restaurant reservations and best mobile plan recharges, among others. In order to provide support to customers, it has partnered with firms such as Flipkart, Ola, Via.com, Cleartrip, UrbanClap and DineOut.
The startup was established in August 2013 by Aakrit Vaish, who is co-founder and CEO, and Swapan Rajdev, who is co-founder and CTO.