siliconindia logo
Facebook Twitter google+ RSS Feed

Indian Startups Bet On AI In 2017: Report

23
cmt right
31
Comment Right
46
cmt right
10
cmt right
Printer Print Email Email


NEW DELHI: As data science gets set to drive the artifical intelligence (AI) market in 2017, a few Indian startups are initiating development of conversational bots, speech recognition tools, intelligent digital assistants and conversational services to be built over social media channels, a joint study by PwC-Assocham said on Thursday.



Organisations are looking to leverage AI capabilities for predictive modelling.



"Online shopping portals have extensively been using predictive capabilities to gauge consumer interest in products by building a targeted understanding of preferences through collection of browsing and click-stream data, and effectively targeting and engaging customers using a multichannel approach," the report added.



To enable consumers to find better products at low prices, machine learning algorithms are being deployed for better matching of supply with consumer demand.



Some of the areas where AI can improve legal processes, said the findings, include improved discovery and analysis based on law case history and formulation of legal arguments based on identification of relevant evidence.



"Researchers and paralegals are increasingly being replaced by systems that can extract facts and conclusions from over a billion text documents a second. This has the potential to save lawyers around 30 pct of their time," the findings showed.



China is expected to have installed more industrial robots than any other country -- 30 robots per 10,000 workers.



A few thousand workers have already been replaced by a robotic workforce in a single factory, the study added.



Read Also:
K2 Global To Invest More In Paytm, Saavn
DoT Launches TEN Square To Incubate Startups


Source: IANS
Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
SIGN UP FOR STARTUP DIGEST
Follow SiliconIndia :
Write your comment now
Submit Reset