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Indian startups focusing on Machine Learning, Big Data, and Data Science in 2023
The machine learning, big data, and data science sector in India have been expanding rapidly in recent years, and this is expected to continue in the year 2023. This ability is in demand across a wide range of sectors because it can help you gain access to insights that have the potential to change the world. Due to its large population and quickly expanding economy, India is a desirable marketplace for these sectors.
What is Machine learning?
Machine learning is an area of AI and computer science that seeks to mimic human learning through the use of goal data and algorithms, with the goal of producing increasingly sophisticated results. The term may also describe machines that can learn and solve problems in the same ways humans can.
Four Indian Machine Learning Startups in India
Listed below are some of India's most promising new artificial intelligence companies.
Mad Street Den
Mad Street Den is among the first artificial intelligence and computer vision companies in India. The Chennai-based firm aims to incorporate AI into consumers' everyday life across multiple sectors, including social networking, mobile games, online fashion, linked autos, and IoT. Vue.ai, the company's flagship product, is utilized by retailers worldwide, particularly those in the apparel and accessories sectors. Customers are more likely to be satisfied with their purchases when the products they are interested in are brought to their attention across all channels.
In order to meet the growing need for services that are on- the company has effectively fused the strengths of human and machine learning to create active learning. Yellow.ai is an Indian artificial intelligence (AI) startup that has developed the best interactive customer experience platform in the world. Building, automating, reacting, interacting, collecting insights, and deploying are all part of the whole customer lifecycle automation.
In 2013, the company's founders invested $12 million to launch the enterprise in Mumbai. Haptik's primary mission is to develop AI-driven chatbots for usage in commercial and consumer settings. Haptik provides bots that can be tailored to meet the needs of certain businesses. Users also have access to a hybrid interface for transferring data from humans to AI as well as a drag-and-drop bot builder.
DailyHunt is an Indian news aggregator that features stories from all over the country. It's an artificial intelligence company that launched in 2007 in Bangalore. Information is provided in 14 different Indian languages. It was once known as NewsHunt. This Bengaluru-based multimedia company rebranded as Dailyhunt in 2015. Marathi, Gujarati, Tamil, & Bhojpuri are just a few of the regional Indian languages represented here. In addition to providing unique video material in Hindi and Telugu, Dailyhunt also provides free live TV watching in other regional languages.
What is Data Science?
Extracting useful information from large datasets is the focus of data science. Analyzing huge datasets requires a multidisciplinary strategy that integrates concepts and methods from mathematics, statistics, AI, and IT.
Four Indian Machine Learning Startups in India
Fractal Analytics is indeed an Indian startup specializing in analytics and AI solutions. Founded in 2000 by Srikanth Velamakanni, Pranay Agrawal, Nirmal Palaparthi, and Pradeep Suryanarayan, Fractal Analytics has grown to become a prominent player in the analytics industry. The company offers advanced analytics, AI, and machine learning solutions to help businesses across various sectors make data-driven decisions, optimize operations, and drive growth. Fractal Analytics is headquartered in Mumbai, India, and has a global presence, serving clients worldwide.
Heckyl aspires to be an industry pioneer in data analytics for the world's financial markets, a field fraught with volatility and upheaval. Money Raised -$7.5M in the United States Idea Capital & Chiratae Ventures were the investors. Imagine having a central hub where you can monitor market-moving data like news, public opinion, sentiment trends, and more to fine-tune your trading approach. To help its users locate the most profitable trades, Heckyl is revolutionizing the trading industry.
Tiger Analytics is a global advanced analytics and AI consulting firm that specializes in providing data-driven solutions to businesses. They help organizations harness the power of data to drive business growth, optimize operations, and make informed decisions. Tiger Analytics offers a wide range of services including data engineering, data science, machine learning, and artificial intelligence.
The company works with clients across various industries such as retail, e-commerce, healthcare, finance, and manufacturing. They assist in leveraging data assets to gain actionable insights, develop predictive models, build recommendation systems, implement AI solutions, and optimize business processes.
The startup, $20 Million, which is backed by private investors, aims to revolutionize expert computing by bringing together a unique set of artificial intelligence (AI) optimizing, automation, dynamic algorithms, and data science capabilities. More than a hundred employees at Razorthink work tirelessly to help companies of all sizes get the most out of artificial intelligence in areas like customer service, risk management, and fraud detection.
What is Big Data?
Data sets that have too huge or complicated to be processed with conventional software are typically referred to as "big data." More complex data may increase the false discovery rate, but more entries means more statistical power.
Fou Indian big data companies in 2023 are −
Mu Sigma is a leading big data analytics and decision sciences company, offering data-driven solutions for businesses across various industries.
Fractal Analytics specializes in AI, big data analytics, and visualization, providing businesses with actionable insights for informed decision-making.
Gramener is a data science and analytics company that leverages big data and visualization techniques to derive insights and drive business outcomes.
Tiger Analytics offers advanced analytics and data science services, helping enterprises leverage big data for predictive modeling, optimization, and more.
In 2023, Machine learning, Data Science, and big data firms in India are still thriving thanks to investments from numerous multinational corporations.
Indian startups are also building a name for themselves by developing cutting-edge solutions and forming partnerships with established businesses. Businesses and the Indian economy should anticipate further revolutionary changes thanks to big data.
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