Artificial Intelligence (AI technology) is the latest buzzword in the world of technology. We are moving towards a more intelligent world where machines are able to think, learn and make decisions on their own. AI has been used in various industries for years now. It has been used to improve search engines and provide recommendations based on your past searches.
AI technology can be used to automate all kinds of processes by performing tasks that require human intelligence, like pattern recognition, speech recognition, or decision-making. This can lead to significant cost savings because machines don’t require salaries, and they don’t have health benefits, paid time off, or vacations like humans do. On top of that, machines don’t get tired or stressed out, so they can run 24/7 without any problems making them perfect candidates for repetitive tasks such as call centers or data entry jobs where demand for human labor is on the decline.
Popular AI Companies You Must Be Aware of in 2022
Top listed AI companies in India that are engaged in Artificial Intelligence offer a wide range of advanced and unique AI algorithms at a fast speed and provide more reliable solutions at attractive rates. Globally, companies are taking advantage of the diverse applications of Artificial Intelligence, not just for optimizing processes but also for automating work processes.
Listed below are some of the most popular Artificial Intelligence startups and AI companies in India that you must be aware of in 2022:
- Tata Elxsi
There is a growing demand for intelligent systems in the industry, which is why Tata Elxsi has created an Artificial Intelligence Company Centre of Excellence (AI CoE) to meet the needs of its customers. Using the company’s cloud-based integrated data analytics frameworks, which include patent-pending technologies, customers can quickly adapt and modify the landscape using the company’s actionable insights and better results can be gained by using data analytics implemented using the company’s cloud-based platforms.
With Wysa, users can benefit from AI-guided listening, provisional expert guidance, and tailored support to manage stressors on their own. With Wysa’s AI-powered chatbot, users can feel heard by interacting with it by utilizing cognitive-behavioral techniques, which have been proven to be effective by using evidence-based techniques. It is estimated that the solution has powered 100 million conversations to date. Regular users have reported a 40% reduction in symptoms of depression in their self-reports after using the startup for a month. Wysa has been selected as a participant in the Google Assistant Investment Program. The Best App of 2020 award was presented to it by Google Play. The company has recently received investments from three Boston-based venture capital firms: W Health Ventures, pi Ventures, and Kae Capital.
To integrate cutting-edge Artificial Intelligence technology into Bosch products and services, Bosch established the Bosch Center for Artificial Intelligence Company (BCAI) in 2017 in order to create innovative solutions based on the latest AI technology. A key reason for the success of AI in real life is the technological basis Bosch laid by laying the groundwork for it to be able to do so.
- Nextbillion AI
Nextbillion AI offers a platform that allows enterprises to develop and deploy enterprise maps. In this way, it is possible for enterprises to meet all of their mapping needs, including optimizing last-mile directions, navigating, managing road restrictions, and optimizing vehicle routes. In the first year of Nextbillion AI’s launch, over 2 lakh kilometers of road were mapped, over one lakh restrictions were managed, and over two lakhs million API calls were processed in one year. In addition to Lightspeed Venture Capital and Falcon Edge Capital, Microsoft has also committed to investing in Nextbillion AI through its venture capital fund M12.
- Myelin Foundry
In an effort to improve industry outcomes using video, voice, and sensor data, Myelin Foundry is developing artificial intelligence algorithms that are used to transform industry outcomes. By automating the process of assessing the reliability, availability, and maintainability of plant equipment, Myelin Foundry assists businesses in leveraging the power of advanced neural computation on the shop floor. A number of notable investors in Myelin Foundry include Beyond Next Ventures, Pratithi Investments, and Endiya Partners. In recent months, NVIDIA Inception Program, Netapp Excellerator, and Microsoft for Startups have all featured it as a featured product. The Myelin Foundry team has also been awarded a NASSCOM Emerge 50 Award 2020 in the enterprise category.
- Happiest Minds
As part of Happiest Minds’ cutting-edge augmented intelligence solution, natural language processing, video analytics, and image analytics are all combined with augmented reality and virtual reality technologies. A team of researchers at Happiest Minds is dedicated to envisioning and developing the next generation of intelligent systems that are capable of thinking, learning, creating, and making decisions in the same way humans do. The company achieved an ROE of 29.62 percent for the fiscal year that ended March 31, 2021, which was an improvement over the 23.07 percent average over the past five years. With a market capitalization of Rs 13,507.78 crore, Happiest Minds Technologies Ltd. is one of the largest Artificial Intelligence companies in the IT Software sector with a market cap of ₹13 thousand crores.
- Kellton Tech
Kellton Tech Solutions Ltd. is committed to developing cutting-edge, laser-focused AI solutions in various areas, including Machine Learning and deep learning, that have traditionally required lots of human intelligence to solve. Over the past three years, the stock has returned 40.86 percent to investors, whereas Nifty IT has returned 106.55 percent to investors. A small-cap company in the IT Software sector with a market cap of Rs 712.75 crore, Kellton Tech Solutions Ltd., was founded in 1993 and is one of the fastest-growing companies in the sector.
Yellow.ai is a conversational Artificial Intelligence startup whose AI tool automates customer experiences across multiple channels. There was a time when it was known as Yellow Messenger. Yellow.ai has a number of clients, including FoodPanda, MG Motors, Bharat Petroleum, and Sephora, to name a few. This startup has developed a chatbot and a voice-based bot that can be used across over 100 languages and 35 channels, including the web, Whatsapp, Instagram, in-app, IVR, and contact center, in addition to the other channels. Yellow.ai and Microsoft have collaborated on a project to develop a voice automation solution that uses Natural Language Processing (NLP) and Azure AI Speech Services tools to help automate the way people speak.
- Zensar Technologies
With artificial intelligence (AI), Zensar Technologies is putting a lot of faith in the future. The company is pivoting away from digital to disruptive artificial intelligence, and also the company’s go-to-market strategy has changed. In the past few years, Zensar’s R&D department, commonly referred to as Zensar AIRLabs, has filed for 100 patents in the field of AI and is now focusing solely on this area of research. A set of platforms were announced by Zensar last week for seven major areas, including sales, IT, talent supply chain, marketing, human resources, projects, collaboration, and programs, which will assist customers in creating value.
Artificial Intelligence company Affle offers end-to-end app marketing services tailored to its customer-specific needs with a global reach. The company’s business is divided into two segments, which are the consumer platform and the enterprise platform. Using Affle’s consumer platform, which is proprietary in nature, consumers are connected to relevant advertising in order to acquire, engage, and transact using relevant mobile advertising.
- Oracle Financials
In order to implement AI in your company and IT processes, Oracle Financials can assist you with that procedure. Using Oracle’s cloud-based applications, platform, and database, along with Oracle’s autonomous database, all of which operate on Oracle’s Gen 2 cloud platform. You can accelerate automation, minimize human errors, and gain greater business insights than you ever thought possible. Over the last 16 years, there were only 2.35 percent of trading sessions, with a gain exceeding 5%. In the last three years, the stock’s return was -11.82 percent, while the Nifty 100 return was 44.16 percent.
With the combination of Artificial Intelligence and automation, Saksoft assists customers in achieving transformational change through intelligent decisions, enhanced efficiency and productivity, enhanced customer experience, and the development of new service solutions through innovative service innovation. The company facilitates digital transformation and automates business processes by combining automation, Machine Learning, Artificial Intelligence, and the Internet of Things to solve business problems. There has been a 118.06 percent return on the Saksoft shares over a three-year period, whereas the Nifty IT shares have provided investors with a 106.55 percent return over the same period of time.
- Persistent Systems
Using the latest technologies, Artificial Intelligence company Persistent Systems makes the AI and machine learning dream a reality with a collection of solutions that are designed to help at every stage of developing AI and machine learning. They use a rigorous methodology to prioritize use cases, design platform architecture, develop large-scale models, and scale their implementation across an organization. Their solutions ensure that your investments in AI and machine learning produce successful results for you.
With the AI industry growing rapidly, it’s important to keep up with the latest developments. The companies listed above are just some of the many leaders in this field, but there are plenty more to discover. If you’re interested in learning more about AI and how it affects your life, we recommend pursuing the UNext and IIM Indore’s Executive PG Diploma in Management & Artificial Intelligence online course.