Artificial Intelligence gives machines the power to think, learn, and act as a human could, which means they can understand the world around them, learn, and make decisions, and then take the appropriate action. To do all of this AI needs data and lots of it for that matter. And the reason AI is part of the Fourth industrial revolution is that we have data, due to digitalization we have data more than ever before.

Start-Ups and Artificial Intelligence:

The technological advancement in artificial intelligence has increased machine interaction, business models, and the living standard of humans.

The adoption of AI is resulting in a world that is smarter and innovative. Screening technologies for cancer at Freenome, self-driving cars detecting traffic, face recognition on pictures for friend’s tag suggestions at Facebook, sorting in our email, and the recommendation for online shopping are some examples of AI technological innovations present in our lives. Artificial intelligence is spreading through the market, it is necessary for the companies to perform R&D with their product and service.

AI and other businesses:

Technology is reshaping all businesses. AI is pacing up, your business is going to have to get smarter. Every business is going to have to get smarter – from small start-ups, MSMEs to global corporations, and even traditional businesses. In the Indian market, businesses of different shapes and sizes will be impacted by this revolution. This is the impact of Artificial Intelligence. All industries are evolving rapidly. Innovation and change are the new norms. Those who are unable to adapt to AI to improve their business – whatever the business – will struggle to compete.

Customer communication made easy:

Customer interaction is the most basic form of communication between a company and its customers. Every single interaction between both of them is a new opportunity for the company to understand and satisfy customers and retain them. In the conventional process, customers used to interact with the employees of the company, holding the position of retail shop executive, salespersons, cashiers, customer relationship managers, etc. for all their needs, products, revenue, and services. The integration of AI to fill up the communication gap between the customers and the companies. This evolved customer interaction from human-to-human to human-to-machine.

some examples of Indian Artificial Intelligence:

1.Niramai Health Analytix: NIRAMAI is developing a novel software to detect breast cancer at a much earlier stage than traditional methods or self-examination.

2.CropIn: CropIn is an intuitive, intelligent, self-evolving system that delivers future-ready farming solutions to the entire agricultural sector.

3.Niki: Niki is bringing the household consumption of Bharat online by building the digital localized agent for 500 million new internet users.