Artificial Intelligence Archives - Startagist https://startagist.com/tag/artificial-intelligence/ Stop Thinking, Start Building Fri, 01 Mar 2024 09:46:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.9 https://startagist.com/wp-content/uploads/2016/12/cropped-Startagist-Logo-2-96x96.png Artificial Intelligence Archives - Startagist https://startagist.com/tag/artificial-intelligence/ 32 32 42% techies say proving AI solutions’ value is biggest hurdle in implementation https://startagist.com/42-techies-say-proving-ai-solutions-value-is-biggest-hurdle-in-implementation/ https://startagist.com/42-techies-say-proving-ai-solutions-value-is-biggest-hurdle-in-implementation/#respond Fri, 01 Mar 2024 09:46:50 +0000 https://startagist.com/?p=6185 Artificial Intelligence (AI) has emerged as a game-changer in the business world, offering transformative opportunities for organizations worldwide. However, the implementation of AI has its own challenges, and according to the latest survey, proving the value of AI solutions to businesses might be the biggest one. According to the data from NoKyc.com, 42% of IT […]

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Artificial Intelligence (AI) has emerged as a game-changer in the business world, offering transformative opportunities for organizations worldwide.

However, the implementation of AI has its own challenges, and according to the latest survey, proving the value of AI solutions to businesses might be the biggest one.

According to the data from NoKyc.com, 42% of IT professionals believe this is the leading challenge in AI implementation.

A recent survey conducted by Coleman Parkes found that 42% identified proving the value of AI solutions as the biggest hurdle in implementing them. The survey polled 1420 IT professionals and was published on Statista.com.

While proving value tops the list, other challenges also came to light:

• 38% of respondents cited a lack of tech infrastructure as an issue.

• 32% identified the storage of skilled AI talent as a challenge.

• 24% noted a lack of clean data.

• 22% expressed a general lack of trust towards AI-based decisions.

• 19% highlighted concerns about algorithm/model failure.

• Additionally, the inability to find the right data was a concern for 17% of respondents.

• 14% also expressed concerns about legal or compliance issues.

• ‘Lack of skills to exploit the results’ was cited as a hurdle by 11%.

• ‘Lack of clarity on success metrics’ was mentioned by 9%.

• ‘Lack of new use cases across the business’ garnered 7% of the votes.

In contrast, very few IT professionals complained about a lack of funding or commitment from senior management. Only 5% cited a lack of funding as a hurdle, and just 4% complained about the lack of commitment from senior management.

You can find the original story with graphs and statistics here: https://nokyc.com/blog/42-it-professionals-say-proving-value-of-ai-solutions-biggest-hurdle-in-implementation/

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Finance sector’s AI spending to grow 30% yearly, hit $97B in 2027 https://startagist.com/finance-sectors-ai-spending-to-grow-30-yearly-hit-97b-in-2027/ https://startagist.com/finance-sectors-ai-spending-to-grow-30-yearly-hit-97b-in-2027/#respond Wed, 14 Feb 2024 06:32:46 +0000 https://startagist.com/?p=6169 Artificial Intelligence (AI) is revolutionizing business operations in the finance industry. Despite concerns about potential 300 million full-time jobs displacement in the next six years, companies across sectors continue investing heavily in AI solutions to improve their business processes and customer feedback. According to data from Stocklytics.com, financial firms will spend $45.2 billion on AI […]

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Artificial Intelligence (AI) is revolutionizing business operations in the finance industry. Despite concerns about potential 300 million full-time jobs displacement in the next six years, companies across sectors continue investing heavily in AI solutions to improve their business processes and customer feedback.

According to data from Stocklytics.com, financial firms will spend $45.2 billion on AI in 2024. This spending will grow by 30% each year, reaching $97 billion by 2027.

AI has made a big difference in finance. It helps companies predict their future earnings and profits more accurately. Also, AI can find fraud in large amounts of financial data. Many companies use AI to check contracts and invoices, which makes decisions faster and improves the whole process.

Collaborative data from Statista, the IMF, and IDC reveal that financial companies are expected to spend $45.2 billion on AI solutions this year. By 2025, spending on AI will reach $58.3 billion.

AI spending in finance will keep growing. In 2026, it will be almost $75.2 billion or $30 billion more than this year. By 2027, it will reach $97 billion, showing a huge 177% increase in just four years. Overall, financial companies will spend $275 billion on AI in the next four years.

AI can also boost the financial market’s growth rate. According to a study by Accenture and Frontier Economics, AI can potentially increase economic growth rates by a weighted average of 1.7% points across 16 industries by 2035.

Financial companies that use AI well could see their profits go up by 38%. It can increase their growth rates by 4.3% and boost their value by $1.2 trillion by 2035.

The full story and statistics can be found here:  https://stocklytics.com/content/financial-sectors-spending-on-artificial-intelligence-to-grow-by-30-per-year-and-hit-97-billion-by-2027/

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Generative AI Projected to Reach $100 Billion by 2026 https://startagist.com/generative-ai-projected-to-reach-100-billion-by-2026/ https://startagist.com/generative-ai-projected-to-reach-100-billion-by-2026/#respond Tue, 30 Jan 2024 15:26:29 +0000 https://startagist.com/?p=6151 The once unimaginable reality of widespread use of generative artificial intelligence (AI) is now a pivotal part of daily life, automating tasks, producing documents, conducting market research, and simplifying basic coding. As large language models and generative AI continue to advance, the market is poised to achieve a significant milestone in the next two years. […]

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The once unimaginable reality of widespread use of generative artificial intelligence (AI) is now a pivotal part of daily life, automating tasks, producing documents, conducting market research, and simplifying basic coding. As large language models and generative AI continue to advance, the market is poised to achieve a significant milestone in the next two years.

Generative AI’s Skyrocketing Growth:

Data from AltIndex.com reveals that the generative AI market is projected to become a formidable $100 billion industry by 2026. This forecast underscores the immense growth potential of generative AI, marking a significant evolution from its modest beginnings.

OpenAI’s ChatGPT: A Turning Point:

The release of OpenAI’s ChatGPT marked a watershed moment for the global AI industry. ChatGPT, the fastest-growing app in history, garnered 100 million users within two months, propelling artificial intelligence into the forefront of technology narratives in 2023. While ChatGPT stands out as a prime example of generative AI, other tools like Character.ai, DeepL, Quillbot, Midjourney, and Capcut have also gained widespread popularity, contributing to the market’s exponential growth.

Market Size Surge:

Between 2020 and 2023, the market size of generative AI experienced an extraordinary surge of 690%, soaring from $5.7 billion to an impressive $44.9 billion. This indicates a consistent doubling in market size over the past three years, with annual growth rates fluctuating between 93% and 106%.

Projected Growth and Market Dominance:

Although Statista predicts a slowdown in the annual growth rate in 2024, the overall market value is anticipated to soar by 48.4%, reaching $66.6 billion. The robust double-digit growth is expected to persist, culminating in a staggering $100 billion market valuation by 2026, reflecting a remarkable 65% increase in just two years. By 2030, this figure is anticipated to surpass $207 billion.

Global Landscape:

In global comparison, the United States is projected to retain its status as the largest generative AI market, expected to reach $37.3 billion in value by 2026, representing a 60% increase from the current year. China, the second-largest market globally, is set to experience a substantial growth of 72%, reaching a valuation of $14.7 billion in the next two years. The German generative AI market follows closely with a projected 60% two-year increase, reaching a valuation of $4.5 billion by 2026.

Generative AI’s Share in the AI Industry:

The escalating demand for generative AI tools positions it as a significant revenue stream within the AI industry. Statista anticipates that generative AI will constitute 24% of the total market value by 2026, up from 20% in the current year.

User Growth and Market Expansion:

Generative AI tools, including ChatGPT, Character.ai, DeepL, Quillbot, Midjourney, and Capcut, have played a pivotal role in the exponential growth of AI users. In 2023, approximately 254 million people utilized AI tools, marking a 2.5-fold increase from 2020. With an annual increase of roughly 60 million users, the entire market is projected to surpass half a billion users by 2027.

The full story and statistics can be found here:  https://altindex.com/news/generative-ai-billion-industry

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Introducing VSpeech.ai, India’s Top Platform for AI Based Vernacular Voice Solution https://startagist.com/introducing-vspeech-ai-indias-top-platform-for-ai-based-vernacular-voice-solution/ https://startagist.com/introducing-vspeech-ai-indias-top-platform-for-ai-based-vernacular-voice-solution/#respond Thu, 29 Apr 2021 09:51:25 +0000 https://startagist.com/?p=4188 India truly takes pride in its cultural diversity and where over 456 languages are spoken- there’s no one person who is not a multi-lingual. With this proficiency in languages, code switching (using two languages in a sentence) is a usual affair. VSpeech.ai, a technology firm is a one-stop-shop dedicated to solving complex business problems with […]

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India truly takes pride in its cultural diversity and where over 456 languages are spoken- there’s no one person who is not a multi-lingual. With this proficiency in languages, code switching (using two languages in a sentence) is a usual affair. VSpeech.ai, a technology firm is a one-stop-shop dedicated to solving complex business problems with intelligent solutions on top of voice technology. Its AI (Artificial Intelligence) effectively addresses this challenge. Its multi-lingual voice transcription is trusted by top financial and technology firms which handle customer operations for major telecom operators. VSpeech.ai provides not only an accurate and reliable way to convert your text to speech and speech to text in just a second, but also helps with an accuracy of 95% with the support of 15+ languages and 5 other product verticals including Voice Analysis, VoiceBot, Voice BioMatic, Noise Cancellation, and Speech Recognition.

With more than 6 years of research behind the technology, VSpeech.ai offers multi-lingual speech recognition and AI voices which include major Indian languages like Indian English, Hindi, Tamil, Telugu, Malayalam, Kannada, Bengali, Gujarati, Marathi, Oriya and more. Company’s multi-lingual service is designed with the idea of providing an easy communication platform, where AI-based machine learning understands the inputs precisely making it much easier to converse. With over 2000+ hours of data trained models, VSpeech.ai assures to design fully customized models as per the specific industries like insurance, banks, robots, hospitals, and so on boosting the productivity and profitability in one go.

The company’s goal is to implant local languages which shall be easily accessible for a huge market, an advanced technology that offers voice based interactions through Artificial Intelligence. Company holds a significant B2B client portfolio in Interactive Voice Response (IVR) call centres and BFSI industry.

Commenting on the services, Mr. Mausam Patel, Director of VSpeech.ai says, “VSpeech.ai, a new platform with revised services managed by the core company India TTS Private Limited, is an AI Company focussed on empowering businesses through AI powered end to end voice automation. With our services of text to speech and speech to text, and voice recognition, we are glad to extend a helping hand to the business with intelligent speech solutions for world’s industries. We guarantee high accuracy with our custom-built speech models. In the world where Artificial Intelligence is being used in almost all industries, we plan to provide our bit into the same and look forward in offering such unique facilities and services to every sector in India.”

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CMS IT Services makes Intelligent Automation affordable with India’s first AI-driven automation shared delivery model https://startagist.com/cms-it-services-makes-intelligent-automation-affordable-with-indias-first-ai-driven-automation-shared-delivery-model/ https://startagist.com/cms-it-services-makes-intelligent-automation-affordable-with-indias-first-ai-driven-automation-shared-delivery-model/#respond Sat, 21 Nov 2020 03:56:39 +0000 https://startagist.com/?p=3710 CMS IT Services – an award-winning RPA service provider – launched its first-of-the-kind shared service delivery model for Intelligent Automation, powered by Automation Anywhere with the aim of making IT automation affordable for organizations of all sizes. Remote Automation Centre for Enterprises (RACE) delivers the full power of AI-augmented robotic process automation technology amplified by […]

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CMS IT Services – an award-winning RPA service provider – launched its first-of-the-kind shared service delivery model for Intelligent Automation, powered by Automation Anywhere with the aim of making IT automation affordable for organizations of all sizes. Remote Automation Centre for Enterprises (RACE) delivers the full power of AI-augmented robotic process automation technology amplified by the flexibility, scalability and support that empowers customers to start small, capture value and scale at their own pace with no risk.  

RACE brings together the software, systems, and the team to deliver secure domain targeted automation services at optimum cost. It provides customers access to a state-of-the-art BOT library with a large selection of digital workers & 50 Automation Anywhere certified RPA consultants with domain expertise, working cohesively. 

Anuj Vaid Executive Vice President, CMS IT Services
Anuj Vaid Executive Vice President, CMS IT Services

Speaking on the occasion Anuj Vaid Executive Vice President, CMS IT Services said, “CMS IT is committed to enabling a secure scalable digital business model for our customers who are taking the lead and changing the game by taking their business model digital. We have expertise across domains and our role is increasingly becoming that of a business enabler as it is of a technology enabler”

Another highlight of RACE is its sophisticated engine that facilitates the assessment and selection of high-impact processes for automation, helping to accelerate deployment and improve ROI. The framework supports core processes of finance, supply chain, manufacturing, banking operations, insurance operations and human resources.

“Prospect-centered organisations have an immediate requirement to tackle the large backlog of tasks, which are digital, high-volume, and repetitive. Intelligent Automation enabled on cloud, will act as a key lever for employees to access digital records and maintain transactions remotely. Under any circumstances, remote intelligent automation will help companies ensure smooth customer delivery”, said Milan Sheth, EVP-IMEA, Automation Anywhere.

RACE is offered as a part of a dedicated AI-driven Remote Intelligent Automation Delivery Centre located in Bangalore. The centre, which was also launched today, provides end-to-end development and support for all intelligent automation needs.

Krishna Thirumalai, Chief Delivery Officer, CMS IT Services
Krishna Thirumalai, Chief Delivery Officer, CMS IT Services

“RPA and Support automation are a top agenda for the customers in their digital journey. CMS IT has been at the forefront of this industry-wide initiative for a long time now and has emerged as a leader in this area.” Said Krishna Thirumalai, Chief Delivery Officer, CMS IT Services

“We have made substantial investments in Intelligent Automation over and above the Remote Automation Delivery Model. We have built up a techno-functional team that understands business processes as much as they understand technology “, added Sunil Menon, Practice Head, Digital Services at CMS IT

About CMS IT Services

CMS IT Services Logo
CMS IT Services Logo

CMS IT services is an industry leader in Managed IT services and system integration. We combine world-class cloud, digital, automation and cyber security expertise with a core strength in leveraging optimal technologies to rapidly create efficiencies and scale for our customer’s operations.

We offer an extensive array of services to help our customers thrive on next-generation technologies; helping build, transform and manage their IT operations. Our services include cloud assessments and migrations, application digitization and modernization, digital experience enhancement, information management and cybersecurity, IT automation, and product development support.

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SocioRAC Launches HyLyt App for Remote Workers https://startagist.com/sociorac-launches-hylyt-app-for-remote-workers/ https://startagist.com/sociorac-launches-hylyt-app-for-remote-workers/#respond Fri, 02 Oct 2020 06:02:21 +0000 https://startagist.com/?p=3438 SocioRAC, a technology startup which is working in the areas of Data Management & privacy has launched HyLyt app for remote working teams. This ‘Digital India Initiative is a boon to enterprises who waste their precious time daily in browsing, gathering & storing the data.  With this single app, team can reduce complexity and provide […]

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SocioRAC, a technology startup which is working in the areas of Data Management & privacy has launched HyLyt app for remote working teams. This ‘Digital India Initiative is a boon to enterprises who waste their precious time daily in browsing, gathering & storing the data.  With this single app, team can reduce complexity and provide fingertip access to all the information that matters at one place – files, text, messages, to-do, calendar, video calls etc. The remote working teams which are the norm of today can converse and collaborate within controls thus enhancing productivity and preventing data leakage.

In the words of Rajat Singhania, Founder – SocioRAC, “With approx 1.5 billion people now working remotely, working remotely has become the “new normal” at least for the foreseeable future. The security and data protection needs are compromised at home which increases the risk of exposure and inadvertent leaking of corporate and customer data.”

He further added that in view of the present situation, we developed this app ‘HyLyt app’ that helps enterprises with data security & important content at a single place. This avoids critical & sensitive data exchange through multiple insecure channels & tools”

This app provides a reliable & secure solution to enterprises as it acts as a single source for storing entire data in a highly protected way. This app is a mobile first environment to manage data for personal & business needs. HyLyt app is available in Mobile & Desktop version. The personal version is free & the business version is charged at an affordable cost of Rs.4000/- per user.

HyLyt App Features

Features

Unified Information Management

  • 360 view of all information that matters in one place, one view – from all sources
  • Interconnect all information on multiple parameters to make information 10x more powerful and build the Google of one’s  data
  • Find any information instantly, even if your search query is very complicated
  • Chat experience of tomorrow – hidden chats & password protection, invisible users, structured/ organized chats using threads to help to work better
  • Better user engagement – broadcast information to users, white label options, schedule reminder/ calendar for others
  • Data leakage control – information not viewable outside HyLyt, restrict people from sharing/ forwarding what one  send them, Screenshot/ copy-paste controls
  • Enhanced Security – Multi level pin/ password, IP protection – business can pull back data when an user leaves,
  • Knowledge transfer – all data from start can be transferred from old user to new user in minutes
  • Video Conference – This is a newly added feature introduced recently that helps in using amongst up to 100 users.
  • Dashboard features – HyLyt has a dashboard feature on its backend. It allows users to make different departmental groups where each team member can converse and submit its work.
  • Watchdog feature – Watchdog” feature from HyLyt allows top-level management to keep an eye on select departments and the work is done and take necessary actions to increase productivity and improve work efficiency.
  • Content management and messaging integration – Whiteboard option for collaborative working Control

About SocioRAC

Established in 2017, SocioRAC (Brand) is a technology startup working in the area of Information Management. SocioRAC aims to generate 2.5 billion man-hours of additional productive time by 2025 thus leveraging digital technology to help enterprises to manage their digital data overload. Based in Vadodara, SocioRAC is building tech products & solutions catering to enterprises that plan to increase productivity, manage businesses, increase collaboration, save money & time.

The company is the brainchild of Rajat Singhania who is an alumnus of St. Columba’s School, Delhi and Shri Ram College of Commerce (SRCC) with more than 30 years of working in the areas of technology.

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KIKO TV bags $300,000 funding, plans massive expansion https://startagist.com/kiko-tv-bags-300000-funding-plans-massive-expansion/ https://startagist.com/kiko-tv-bags-300000-funding-plans-massive-expansion/#respond Tue, 15 Sep 2020 12:45:38 +0000 https://startagist.com/?p=3351 KIKO TV, India’s first AI-based short live video e-commerce platform, has received $300,000 funding from 9point8, Sunil Kumar Singhvi and other well-known HNIs.

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Mumbai: KIKO TV, India’s first AI-based short live video e-commerce platform, has received $300,000 funding from 9point8, Sunil Kumar Singhvi and other well-known HNIs.

KIKO TV, launched by Smooth Tag Technologies, is an interactive entertainment video-based app that allows users to view, like, share videos, and earn currency to shop within the app, while seamlessly enjoying their content. It also allows users to become influencers and live stream on the app by adding brands to sell instantly.

Available on both Android and iOS, the app has crossed 100k downloads, with a daily increase in the active users by 12%. It has signed up more than 50 merchants on the app and grossed annualized GMV of Rs.3.5 crores within a month of launch.

Currently, KIKO TV offers more than 75,000 videos of different genres like comedy, workout, travel, food, educational, fashion & makeup, and product reviews. With the onset of the festive season and market sentiments looking positive, the app has witnessed a meteoric rise in their in-app purchases.

KIKO TV bags $300,000 funding, plans massive expansion

Market research shows that e-commerce surged by as much as 53% from small towns in India and this growth is expected to be primarily driven by Social Commerce.

With the Indian e-commerce industry and short format video industry expected to grow at CAGR 35% and CAGR 40% respectively, the entrance of KIKO TV makes it an interesting and viable market player, amidst the current situation.

Sunil Kumar Singhvi, Investor in KIKO TV said, “Social Commerce is the next generation trend that is reshaping the future of retail and commerce industry. Social commerce influences millennials’ purchase decisions and their shopping journey. KIKO TV enables content creation and social commerce which will fuel the fast-growing influencers’ profession. KIKO TV will be the future of marketing, branding and sales channels for many online retailers”.

Neeta, CSO of KIKO TV said, “We are glad to see a positive response towards our app in India. The idea behind launching this app was to provide entertainment and shopping experience to our users on their fingertips. With new technology evolving and being brought in our country, the current market space is exciting for tech start-ups like ours. We wanted to make a platform worthy of good content and seller-buyer relationship a little less complicated with this venture of ours and the initial response towards it has motivated us in our initiative.”

“In the coming weeks, we aim to onboard a wide network of Indian content creators and e-commerce players and to build KIKO TV as a one-stop destination for short video content and e-commerce. With the festive season onboard the users-buyer relationship on KIKO TV will only get more exciting with amazing offers and discounts to look out for,” the company said.

KIKO TV bags $300,000 funding, plans massive expansion

KIKO TV uses AI technology which helps to detect pornography, weapons, cyber abuse, and crime scene to block/remove the video from the platform, thereby maintaining a more safe and comfortable streaming experience for the users and focusing on our goal to working towards a more secure platform of all.

Live bidding, live shopping, and interaction and video engagement will be the key areas for KIKO TV to be focused on in the upcoming weeks. KIKO TV is planning simultaneous launches in Indonesia, Singapore, and the Philippines by early October.

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Health-tech startup VentAllOut (VAO) has launched Talk Therapy https://startagist.com/health-tech-startup-ventallout-vao-has-launched-talk-therapy/ https://startagist.com/health-tech-startup-ventallout-vao-has-launched-talk-therapy/#respond Wed, 09 Sep 2020 11:08:27 +0000 https://startagist.com/?p=3328 If you are stressed, all it takes is Rs 49 to unwind. Delhi-based health-tech startup VentAllOut (VAO) has launched Talk Therapy service just at Rs 49 to encourage the wellbeing of individuals through quality therapy by experts from different fields. From relationship issues to workplace issues, the conversation will be assessed by a team of […]

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If you are stressed, all it takes is Rs 49 to unwind. Delhi-based health-tech startup VentAllOut (VAO) has launched Talk Therapy service just at Rs 49 to encourage the wellbeing of individuals through quality therapy by experts from different fields.

From relationship issues to workplace issues, the conversation will be assessed by a team of experts and will cost just Rs 49.

One will be able to connect with the experts over a five-minute call where they will have the freedom to express or vent themselves anonymously.

The platform is available in select local languages and 15 minutes of free counselling is offered before the affordable packages are made available. The company plans to make the newly launched Talk Therapy available in Tier 2 and Tier 3 cities very soon.

According to Sumit Mittal, the Founder and CEO of VentAllOut, “Through this feature, we want to reach out to as many users as we can because venting acts as a therapy. And once a person vents out their bottled-up emotions, the purpose of therapy gradually evades. From real-time user mood analysis to qualified and specialized therapists to meet end to end solutions is what VAO aims.”

A nationwide National Mental Health survey 2015-16 by Bengaluru-based NIMHANS has revealed that around 150 million Indians are in need of active mental health care interventions, while fewer than 30 million are seeking support. Owing to the Covid-19 pandemic, stress and mental health have been surfacing as a result of a sedentary lifestyle.

In India, 50% mental health conditions begin at the age of 14, followed by 75% mental health conditions developing by age 24. Hence, it is crucial to focus on mental health, and VAO provides the platform to unload the burden of stress from the individual’s life.

VentAllOut is India’s First AI-driven Vernacular platform promoting mental wellness by allowing users to share their stress, opinions, and comments anonymously. Its core objective is helping users in shedding and venting out feelings in all aspects of life, work, or anything in general on this platform and leaving with positive emotions when you are with loved ones or at the workplace.

Health-tech startup VentAllOut (VAO) has launched Talk Therapy

The platform is available in eight different languages: English, Hindi, Marathi, Gujarati, Bengali, Tamil, Telugu, and Kannada and can be accessed through the website or from Android or iOS apps. The platform has additional features like: Voice to Text for seamless venting experience; AI-based built-in technology for mood analysis; Expert Panel consisting of psychologists, therapists, etc. for last-mile connectivity and Gamification through instant cashback to encourage sharing and expression

“Talk Therapy” facility is available at: https://www.ventallout.com/checkout

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Perspectico launches AI-based job preparation platform for college grads https://startagist.com/perspectico-launches-ai-based-job-preparation-platform-for-college-grads/ https://startagist.com/perspectico-launches-ai-based-job-preparation-platform-for-college-grads/#respond Wed, 09 Sep 2020 04:49:03 +0000 https://startagist.com/?p=3316 Perspectico, an edtech startup, has launched AI-based job preparation platform for college graduates aiming to create a positive job ecosystem for nearly two crore college students.

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New Delhi: Perspectico, an edtech startup, has launched AI-based job preparation platform for college graduates aiming to create a positive job ecosystem for nearly two crore college students.

The launch comes at a time when there is uncertainty about job opportunities and disruption due to Covid-19. This has led students to a stressful job search.

Nikhil Chainani, Founder, Perspectico said: “With our research & development we have seen that college graduates when looking for a job become very confused as most of the job platforms are scattered.  Keeping this in mind, we built this common tech platform that will help not only have all the details on job opening but it will also prepare them to find their right job thus providing the right direction and guidance.”

According to the startup, the job preparation platform is India’s first relevant and guided job preparation tool. This will help the students with all the recommendations and evaluation which is required to get fully prepared for the job market.

Perspectico launches AI-based job preparation platform for college grads

The highlight of AI-based the platform is that it provides a marketplace for job openings across India to the college graduates on a real-time basis. In case a student’s profile is not suitable, the AI Engine will recommend the online course to improve their areas that need attention. A student can also undertake a self-evaluation test to measure competencies.  These tests include subjective, MCQ & Situational tests.

In addition, students are provided with Preparation materials, in-house courses, mentorship and interview guidance.

Established in November 2017, Perspectico (DU backed & uincept accelerator) is an AI-Tech startup which is working towards creating a positive job ecosystem.  Using its in-house Data Intelligence and Psychology, the company develops tech solutions for the hiring industry as per the job aspirant mindset and scalability thus providing competitive advantage.

In the last 3 years, Perspectico has grown manifold from being typical traditional to becoming fully digitized adopting new-age technologies like AI. It is also now building technology products suitable for the hiring and job ecosystem in India.

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New-age customer engagement platform ZineOne raises $2.5mn from Omidyar https://startagist.com/zineone-raises-2-5-million-series-round-led-omidyar-network/ https://startagist.com/zineone-raises-2-5-million-series-round-led-omidyar-network/#respond Wed, 21 Mar 2018 06:51:56 +0000 http://startagist.com/?p=2398 ZineOne uses machine learning algorithms to provide banks and retailers with the ability to engage with their customers real-time, in a contextual and personalised manner California-headquartered ZineOne, a provider of new-age customer engagement solutions for enterprises, has raised $2.5 million in a Series A round led by Omidyar Network, the Silicon Valley-based impact investing firm […]

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ZineOne uses machine learning algorithms to provide banks and retailers with the ability to engage with their customers real-time, in a contextual and personalised manner

California-headquartered ZineOne, a provider of new-age customer engagement solutions for enterprises, has raised $2.5 million in a Series A round led by Omidyar Network, the Silicon Valley-based impact investing firm established by Pierre Omidyar, the founder of eBay.

Other investors include Harvard Business School Alumni Angels, Touchstone Equities, as well as existing investors Hyderabad Angels and Golden Seeds.

This round brings ZineOne’s total venture capital received to date to $5 million.

The company intends to use the newly-raised funds to aggressively accelerate sales, marketing, and execution of a product roadmap that is focused on building the most intelligent system within this category, with significant investments toward securing top talent in machine learning and artificial intelligence.

ZineOne is a next generation customer engagement hub that uses machine learning algorithms to provide banks and retailers with the ability to engage with their customers real-time, in a contextual and personalised manner. The platform helps enterprises connect the dots between their different customer data streams and also create actionable insights that can be used while customers are interacting with their brand in real time—such as in a branch or store, at their e-commerce website or mobile app.

“More and more enterprises around the world are recognising the need to move their customer engagement efforts beyond e-mails and call centres into an immediate, contextual, and real-time world,” said Debjani Deb, ZineOne CEO. “2018 presents an inflection point in the industry, and with this new funding, ZineOne is well positioned to lead the market in this emerging segment.“

The emerging category of customer engagement hubs is expected to disrupt an estimated $10 billion currently spent on marketing automation and customer experience software worldwide, by moving the industry away from batch emails, push messaging, and call centres, to “in the moment” interactions.

ZineOne is a player in the emerging segment of next generation customer engagement hubs, which bring together event-driven, streaming technologies to power real-time personalisation.

ZineOne claims it currently enables more than 100 million users, processing over five billion events a year, and generating 100 gigabyte of data every hour worldwide. In the US, the company works with one of the top five retailers in the country, connecting all its digital and physical channels and delivering three to five times more sales conversions through highly personalised, contextual messaging with customers through various touch points.

In India, ZineOne is enabling financial institutions to provide a better digital experience to their customers by using personalised context to nudge consumers to better financial behaviours, such as increasing savings. On average, it has helped client-banks increase transaction completion rates up to 20 per cent.

HDFC Bank, India’s largest private bank, is leveraging ZineOne’s value proposition across all its digital channels and experiencing significant gains in customer engagement, including three times the click through rate than with traditional methods.

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