Friday, March 29, 2024

5 AI Startups that Are Making Noise

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Artificial intelligence (AI) has become a rapidly growing sector, disrupting traditional processes and systems across multiple industries. AI startups are at the forefront of this trend, offering innovative solutions that are transforming businesses.

According to a recent report, the global AI market is expected to grow at a compound annual growth rate (CAGR) of 23% in the forecast period of 2023-2028, compared to its value of around USD 1.2 trillion in 2020. By 2026, it is expected to reach about USD 6 trillion. This growth is driven by several factors, including increased investment in AI, advances in technology, and a growing demand for AI-based solutions.

AI algorithms can analyze large amounts of data, identify patterns, and make predictions, helping decision-makers make better-informed decisions. This has led to improved outcomes and reduced costs. AI-powered tools can help diagnose problems more accurately, leading to more effective solutions.

With these tech capabilities, AI startups are emerging left and right these past few years. Here are 5 that are currently making noise, aiming to overhaul a multitude of industries around the globe:

Winn.AI

Winn.AI’s flagship product is a real-time AI assistant designed to help sales teams close more deals with ease. The AI assistant offers innovative features such as real-time tracking, capturing, and updating customer relationship management (CRM) data. It acts as an additional set of hands during meetings, allowing salespeople to focus on the customer entirely.

The platform also detects queries about customer references and the competitive landscape, providing relevant information from the web. Once the meeting is over, the AI assistant exports any responses from prospects to the corresponding Salesforce or HubSpot entry. With Winn.AI’s real-time AI assistant, sales teams can save time and effort while increasing their chances of winning deals.

AKASA

AKASA is a company that understands the importance of healthcare and aims to address the financial and operational challenges plaguing healthcare. The team believes that every penny spent on healthcare matters. With this in mind, they have set out to remedy the complexities that hinder healthcare in the United States.

As a leader in the development of AI for healthcare operations, AKASA leverages the power of cutting-edge AI and ML to enhance human intelligence. By securely training their technology on customer data, AKASA’s AI can learn unique systems, adapt to changing environments, and deliver comprehensive automation and analytics for complex workflows.

Observe.AI

Observe.AI’s AI engine accurately analyzes 100% of customer interactions to provide insights that can boost frontline team performance. The company achieves this by providing coaching and end-to-end workflow automation. Companies that use Observe.AI can benefit from real-time insights and guidance that can improve their overall performance. This includes more sales, higher retention, and faster action. 

Leading companies such as Public Storage, Bill.com, and Accolade partner with Observe.AI to accelerate outcomes across the business, from the frontline to other areas. What’s more, the company works alongside its clients to ensure they receive the support they need during their transition to a data-driven operation. 

OSARO

OSARO specializes in providing top-notch robotic piece-picking solutions for e-commerce companies that face significant challenges, such as high SKU inventories, complex packaging, and fragile items. In the constantly evolving landscape of logistics technology, OSARO stands out by offering smarter automation, low-risk business plans, and its unique Hypercare support, which covers everything from initial exploration to installation.

The company’s intelligent robots are designed for goods-to-robot (G2R) use cases, where the greatest potential for gains remains on the automated warehouse floor. OSARO’s products are founded on AI-driven, machine-learning vision, and control software, which serves as the basis for all their solutions.

Riskified

Riskified provides eCommerce businesses with a platform that helps them mitigate risk and increase their revenues. Some of the world’s largest and most prestigious brands work with Riskified to guarantee protection against chargebacks, fight fraud and policy abuse, and improve customer retention. 

Riskified’s platform uses machine learning and is supported by a team of eCommerce risk analysts, data scientists, and researchers. The platform analyzes every interaction to provide real-time decisions and identity-based insights. By leveraging data from various online merchants, Riskified’s technology enables businesses to offer seamless customer experiences and drive sales while also generating cost savings.

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