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Top 10 Startups in India That Use Ai To Solve Daily Problems

Top 10 startups in india using Artificial Intelligence (AI) to solve daily problems. Artificial Intelligence (AI), the most celebrated technology in the 21st century.

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Top 10 Startups In India That Use Ai To Solve Daily Problems

Artificial Intelligence (AI), the most celebrated technology in the 21st century, is all set to bring a series of revolution in the tech industry. If AI is still alien to you, you should better get acquainted with this AI for the advantages it has to offer.

AI is the conceptual machine designed by humans that is smart enough to perform even the most complex cerebral tasks on its own. Because of its accuracy and agility in performing tasks, AI has been embraced by various industries like Healthcare and medicine, Education, Marketing, Small business, Retail and e-commerce, Public Relations and Recruitment, and human resources for daily assistance. The leading start-ups in India are leveraging AI to solve daily problems and grow their respective businesses.

Top 10 Startups In India That Use Ai To Solve Daily Problems

1. How does the machine learning algorithm benefit both the service provider and its clients?

OYO, a hotel booking start-up founded by a 19-year-old boy is now India’s go-to app for booking hotels at a reasonable price. Recently OYO has acquired Dinamica, a data science company with Machine Learning and business intelligence capabilities. Now it will implement ML-enabled pricing and revenue management through which customers would be able to book vacation homes at the best price.

Rivigo serves major brands like Marks & Spencer and Maruti Suzuki, with its unique driver relay mode. This Logistics startup uses AI and ML-based technologies to optimize fuel costs, maximize truck utilization, and minimize dry runs for trucks to make its tasks hassle-free and fast.

Playment: The automated vehicle can move without any human input depending on the sensors, Mapping and Localization, Trajectory Planning, and Motion Control. Playment provides data training, algorithms to find relationships, pattern detection, complex problem detection, and decision making to make a machine learn things and perform tasks independently.

2. Is AI helpful enough in keeping you fit?

Cure.fitis a fitness, therapy, and healthcare provider that runs over 100 fitness centers across India. Now it has also adopted AI to capture a lot more immediate data of their clients to deliver them the better service based on their own data reports.

Nineleapsis using ML algorithms to improve the effectiveness of healthcare services. With the help of the ML algorithm, the organization identifies the correlation between healthcare entities to develop a health knowledge graph. The different datasets acquired through the entities’ can be clubbed together with customer-specific data that can be used to improve the healthcare services across the globe.

Another example of AI’s existence in healthcare isMfine. Mfine is a health-tech AI startup from India, whose system has the ability to diagnose over 1200 common diseases and it can also read hundreds of health parameters in the diagnostic reports which help doctors work effectively without wasting their time on trivial things. Mfine is ready to take a huge leap with tripling its investment in AI.

3. Could AI detect frauds?

Could AI detect frauds

Yes, undoubtedly. The growing cases of fraud have always been a point of major concern for payment gateways.Razorpay, a business process payment company, has acquired Thirdwatch that provides SaaS-based fraud detection. The trust score based evaluation technique is used to identify if the transaction is genuine or fraudulent in real-time. The Return-To-Origin losses are under control since the AI technology has been enforced by the company.

4. What does AI have for insurers?

Acko, a general insurance company, is using AI to streamline its operations to engage with the target audience effectively and facilitate sales. AI enables insurers to apply machine learning, predictive analysis, and data modeling to the entire insurance value chain to improve the quality of service and enhance customer satisfaction.

Digital Insurance, a Bengaluru based tech insurance company is employing machine learning for faster reconciliation, fraud management, float management, and claims settlement. The company says that AI would bring down the management cost and it would also reduce the turnaround time in the future.

5. Has the thought of managing everything with a single app ever struck your mind?

An AI-driven hyperlocal concierge appDunzohas made task management easy irrespective of the complexity of the task. With the help of the Dunzo app, you can create your to-do list and collaborate with vendors. You can also manage your personal tasks through the app, and it could be anything from paying bills to repairing stuff.

6. Why should you deploy AI in your business?

Earlier Artificial intelligence was only affordable and accessible to giant organizations but things are changing now. The spiking need for AI has brought down its cost, and it is now readily available to small businesses and startups.

There is literally no industry in the world that is untouched by Artificial Intelligence because AI can be used to counter any problem that we face in day to day life.

AI would help businesses to increase their sales, improve customer experience, detect fraud, automate work processes and provide predictive analysis.

We have all witnessed the usefulness of AI-based virtual assistance chatbots like Siri, Alexa, OK Google, and Cortana. They have taken off our workload to a considerable extent.

Deployment of machines in critical areas prevents human errors and improves accuracy, which is crucial for organizations that want to provide their clients with top-notch service.

A large amount of data can be processed within the blink of an eye and that too to the zenith of perfection.

Further, AIs are continuously evolving to reach remote areas that are unexplored by humans. We will soon see AI as one of the dominant technologies in every industry and in our lives.

The start-ups are highly relying on Artificial Intelligence for the processes; where speed, accuracy, data processing, and cost are the driving factors. To make the outcome of your work more fruitful, it becomes important to manage your resources wisely in which only AI can help you. The adoption of such technologies gives you a maximum yield with limited efforts.

Helpful Resources:

1. Why is Cybersecurity Important For Enterprises?

2. 5 Website Security Tips Every Employee Should Know

3. Impact of Artificial Intelligence (AI) on Software Development Industry in [2019]

4. Do Human Translators Have a Reason to Be Afraid of Advancing Technologies

5. Artificial Intelligence And Its Demands To The Programmers

6. Artificial intelligence (AI): Friend or Foe to Future Designers?

Great Learning is an online and hybrid learning company that offers high-quality, impactful and industry-relevant learning programs catering to the needs of working professionals in a data-driven world.

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Artificial Intelligence (AI)

WORM-Compliant Storage: Exploring Write Once Read Many (WORM) Functionality

This is sometimes referred to as write once, read many, or WORM, compatible storage. With a name like that, it’s hardly surprising that many need help understanding it.

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How does WORM storage work

Organizations generate an immense quantity of data, yet sometimes they need or want to preserve it in an unalterable format.

For legal reasons, a non-profit organization may desire to keep its financial information in this format regularly. An institution may desire to save graduation records in this manner in case the actual records are lost in an accident. Businesses may desire unalterable records to avoid tampering, which might cover up fraud.

This is sometimes referred to as write once, read many, or WORM, compatible storage. With a name like that, it’s hardly surprising that many need help understanding it.

We’re here to help you get a grasp on things. Let’s go!

1. What Exactly Is Write Once, Read Many?

The simplest explanation is that it is immutable storage. You may write data to the storage device or medium just once. Following that, no one may legally alter the data in any manner.

CD-R discs are a basic kind of WORM storage. You may add data to the blank disk, but it will remain in that state indefinitely. You may damage or destroy the disk to prevent someone from accessing it, but you cannot modify the data contained in it.

WORM storage allows for repeated reads of the data. Assuming the disk or drive isn’t destroyed, there’s no practical limit to how often you can access the data.

2. How does WORM storage work?

There are two options for implementing WORM storage in your business. The first technique is hardware, which uses tape or a similar form of media that permanently stores data, making physical destruction of the WORM storage device the sole way to delete it.

Nonetheless, with many solutions migrating to cloud and SaaS services, selecting particular hardware might be challenging. However, many of these service providers now provide software-defined WORM solutions, which combine the flexibility of software with the strictness, security, and indelibility of hardware-based WORM.

Whether you utilize software or hardware to achieve your compliance objectives, the idea is the same. When someone writes data to a WORM disk, it remains there eternally. The assumption that you cannot alter the data on a WORM drive only refers to anything that has already been saved there; the ability to add new data is always available as long as there is adequate storage space on the drive.

Do you need WORM-compliant storage

3. Do you need WORM-compliant storage?

Unless your company works in the securities or healthcare industries, which are subject to SEC or HIPAA laws, there is likely no legal need to adopt write-once, read-many (WORM) compliant storage solutions. However, legal requirements are only one motivator for using WORM storage systems.

WORM compliant storage provides a key role in addition to regulatory compliance. For example, if you want to keep a safe archive of historically important documents, WORM storage is a wise solution. This guarantees that once data is written, it cannot be changed or erased, protecting the integrity and validity of critical documents over time.

Furthermore, in situations where internal workers may tamper with corporate documents, WORM storage adds an extra degree of protection. Creating immutable copies of papers makes it easy to check the correctness and validity of records, reducing worries about possible manipulation.

Likewise, WORM storage may serve as a protection for proof of trade secrets or intellectual property, providing a snapshot of data at a given point in time and preserving valuable assets from illegal changes or access. In conclusion, although WORM-compliant storage is not legally required for all enterprises, it provides essential advantages for data integrity, security, and crucial information preservation.

4. What are the primary advantages of WORM storage?

WORM technology protects businesses against many of the usual difficulties associated with data corruption and loss. The primary advantages of deploying WORM storage include:

Compliance With Industry Regulations

Using WORM storage helps firms comply with recordkeeping rules and laws. More than simply archiving data is required. Businesses must store their data in the right, unalterable format to comply with regulatory requirements and avoid significant fines and penalties.

Risk Mitigation for Poorly Archived Data

Companies must have a robust procedure for archiving all data. If information is needed as part of an audit or lawsuit and the required data is lost or damaged, difficulties (and penalties) will arise.

Better Information Security

WORM Storage secures precious and sensitive data and, more critically, prevents it from being doctored or changed. It guards against occurrences such as data being accidentally or purposefully manipulated.

Better Data Governance

WORM storage contributes to the present business-wide practice of rigorous and well-planned data governance. It also enables you to better adhere to the Electronic Discovery Reference paradigm (EDRM), a paradigm that describes the steps of the eDiscovery process throughout an inquiry.

5. Use Cases of WORM Storage

Professional content distribution includes financial records, police investigations, court testimony, computerized voting, and other applications in which data files must be safeguarded against manipulation or deletion, particularly when material is accessed, relocated, or transferred. Organizations transfer all data given over to the data investigation business onto WORM disks, ensuring that nothing changes beyond that point.

Transferring a read-only file across a network using encryption and passwords does not ensure that the file is original or untouched. Furthermore, it is usually preferable to enforce something in hardware rather than software since when the program is not operating, the data may be tampered with.

  • Corporate records
  • Financial and Insurance
  • Intelligence collection
  • Law enforcement
  • Electronic Voting
  • Court Proceedings
  • Medical Records and Devices
  • Public Records
  • Artificial Intelligence
  • Cyber-attack protection
  • IT security and log files

Conclusion

Write once read many compliant storage enables enterprises to safeguard information in a method that no one can tamper with. This may occur with something as basic as a CD-R or with software-based cloud storage.

The size of the data typically influences the medium used. You can keep a few papers on physical media without issue. Petabytes of data need a strong in-house storage ecosystem or a cloud storage provider.

If you decide to use a cloud storage provider, be sure to inquire about the retention term choices and redundancies.

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