The Top 4 Artificial Intelligence Plays In India
Investors looking to tap into AI theme need to keep an eye on tech firm leveraging the power of AI are making things possible.
Back in September 2021, we wrote to you about five Indian companies that are leading the artificial intelligence (AI) race.
The article pointed out Coforge, Happiest Minds Technologies, Saksoft, Tata Elxsi, and Persistent Systems.
This time, we’re back again with another set of companies. Let’s take a look at the top 5 artificial intelligence plays in India.
Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology.
In 2017, the group founded Bosch Center for Artificial Intelligence (BCAI) to apply cutting-edge AI technology throughout Bosch products and services, resulting in innovative solutions.
Today, AI strategies of Bosch are implemented in more than 185 projects across India, US, Israel, Germany, and China. Bosch AI collects real-time data from different business departments and conducts AI research on safe, reliable, and explainable AI.
Bosch has said that by 2025, all of its products will either use AI or will be manufactured with AI.
It has a few products under the arm already. The Bosch Indego S+ is a robotic lawn mower that can be voice-controlled via Amazon Alexa.
Meanwhile, Bosch SoundSee, a sensor system that uses AI-enabled audio analytics, checks the operating noise of machinery on the space station.
The German group’s listed arm in India had a decent run on the bourses in the past year, gaining 27%.
#2 Kellton Tech
Kellton Tech Solutions offers services in digital transformation, ERP and other IT services. It has operations across US, Europe, India, and Asia-Pacific.
The company offers a wide range of services through its in-house developed platforms to help clients for their digital transformation. A couple of its platforms which provide solutions for business problems are:
Kellton4Media: It’s a specially-developed framework that covers all the diverse tasks and functions involved in a media organisation.
KLGAME: It’s an IoT solution that leverages Bluetooth technology to help clients deliver rich user experiences in a number of innovative ways.
Optima: It’s a digital enterprise platform that collects and aggregates data from various sources and generates rapid insights for effective management and monitoring of operation and resources.
Thrive: It’s the company’s human capital management solution. It’s a smart and progressive platform built that provides variety of automated tools for facilitating human capital management.
Basically, what Kellton does is creates cutting-edge focused AI solutions for challenges that traditionally needed a lot of human effort.
The company serves clients ranging from startups to Fortune 500 companies across various verticals. The key startups it has been associated with include Flipkart, Snapdeal, Jabong, Yebhi, Paytm, MakeMyTrip, and PolicyBazaar.
#3 Oracle Financial Services
Oracle Financial Services is a subsidiary of Oracle Global (Mauritius). With a strong in-house R&D centers, Oracle has produced products used by banks in more than 150 countries around the world.
Oracle assists implementing AI in the company and IT processes. With Oracle Cloud applications and platform, as well as Oracle Autonomous Database, one can speed up automation, minimise human errors, and gain greater business insights.
Couple of months ago, a World Economic Forum survey found that 85% of financial institutions have implemented AI, but some still have concerns about its use.
To help financial entities regards to this, Oracle has added new AI governance capabilities to its Oracle Financial Services Compliance Studio application.
The Compliance Studio is an advanced analytics application for financial entities that supercharges anti-money laundering and anti-financial crime programs for more effective, efficient customer due diligence, transaction monitoring, and investigations.
Earlier this year, a study by Oracle group showed that AI-based robots will replace financial advisers. What the study showed is that finance professionals are choosing not just cloud, but AI powered software as a service (SaaS).
#4 Affle India
Affle India is a Singapore-based technology company with a proprietary consumer intelligence platform that delivers consumer acquisitions, engagements, and transactions through relevant mobile advertising.
The company works on PaaS (Platform as a Service).
Consumer platform and enterprise platform are the two business segments which Affle focuses on. Affle uses artificial intelligence and data analytics for targeted online advertising to help acquire users and customers, improve engagement and increase frequency of transactions.
The company’s data-management and fraud-detection platforms give it a strong edge over competitors.
Last year in August, the company acquired 8% stake in indigenous social keyboard provider Bobble AI for ₹ 19.8 crore.
Bobble AI owns and operates “Bobble Indic Keyboard”, an indigenous social keyboard. This keyboard includes speech-to-text capabilities and is accessible in multiple Indian languages.
Since listing (in August 2019), shares of Affle India have been on a spectacular run, gaining 517%.