Introduction
Data technologies have been around for some time now. But, increase in data generation and availability of servers on the cloud has enabled an entire generation of startups working on ideas which were unthinkable a few years back. The change in landscape is aptly summarised by the quote below.
List of Companies
1. Edge Networks
Incorporated in 2012 by Arjun Pratap, Edge Networks dreams to change the way HR industry works right now. With an ever increasing number of job seekers, the process of finding a right match for a particular job profile today has become extremely cumbersome. With Data Science and Artificial Intelligence at its core, Edge Networks has developed their product HIREalchemy to match people with the required job. The solution provided by them facilitates talent acquisition, internal workforce optimization and talent analytics. Edge Networks was featured in Nasscom’s Emerge 50 2016 list.
2. Fluid AI
What if I tell you, there is a company out there which is working to convert any screen into a gesture controlled AI powered assistant. Then be it in malls, banks etc. these screens will be able to address you when you approach a product kept next to it just like a human staff does? Fluid AI is one such company which is on the verge of a revolution for personalisation in Finance, Government, Web and Marketing. Founded in 2009 by two brothers Abhinav Aggarwal and Raghav Aggarwal, Fluid AI is leading the virtual customer assistance market. It aims to cater to various sectors to mimic human interaction with the customer & help reduce operational cost for a company. Fluid AI serves clients like Vodafone, Toyota, Deloitte, Emirates, NBD, Barclays, Rolls Royce, Accenture and Axis Bank. This is one company that you must keep an eye on.
3. Flutura
Every now & then we see new analytics startups trying to generate insights from structured and unstructured data. But Flutura founded by Derick Jose, Srikanth Muralidhara and Krishnan Raman is different. Flutura believes in actions and not insights. Flutura works on M2M model via its product Cerebra where it collects data on thousands of data points of various different machines. And it then leverages these data points to convert it into actionable strategies like pre-scheduling repairs for machines, order spare parts, etc. This model increases the life of machines, saves cost on operational loss and increases efficiency. Flutura has been recognized as one of the Top 20 Most Promising Big Data Companies globally by California-based Tech magazine, CIO Review and was also recognized by TechSparks2013 as one of the Top 3 startups out of India.
4.Heckyl
Trading is an uncertain world and the best example of Butterfly Effect. Any small incident in some part of the globe can result in huge gains or losses in the trading industry. What if there was a way to keep track of all these news, people emotions, trending sentiments, etc all in a single place that can optimize your trading strategy ?
Founded in 2010 by four former Merrill Lynch executives Abhijit Vedak, Jaison Mathews, Mukund Mudras, Som Sagar, Heckyl is revolutionizing the trading industry for brokerage firms, short-term traders, investors and fund managers. Heckyl does this through its integrated trading terminal which also provides visuals and heat maps of sentiments and market data to help traders find the right trading opportunities.
5. Niki.ai
Founded in 2015 by Sachin Jaiswal, Nitin Babel, Shishir Modi and Keshav Prawasi Niki.ai aims to be the one-stop solution for a customer’s order.
The startup leverages natural language processing and machine learning technologies to converse with customers over a simple chat interface, and places their orders with their partner businesses within seconds.
End Notes
It has not been long for AI and Machine Learning in India. Yet, various exciting Startups have been incorporated which are pushing the boundaries of technology and human comfort meanwhile solving real world problems. Apart from the 10 above startups, there are many more startups in analytics industry which are waiting to leave a mark. If you are aware of a company which is pushing boundaries of AI, share with me in the comments below.
I hope you enjoyed reading this article as I much as I did writing it. I would like to know your thoughts on the above startups, share your opinion in the comments below.
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