The world as we know it is evolving. We have been witnessing the world become more
digitalized, and this digitalization has entered all sectors of the industry. While cloud computing
and artificial intelligence continue to dominate the technology industry, edge computing is also
making headlines. According to tech research firm Gartner, “starting in 2021, AI-related job
creation will cross into positive territory, reaching two million net-new jobs in 2025.”
While industries like manufacturing will see losses, those cuts will be compensated by gains in
other fields including healthcare, education etc. Artificial intelligence is impacting the future of
virtually every industry and therefore will impact the life of every person. It has acted as the
main driver of emerging technologies like big data, robotics and IoT, and it will continue to act as
a technological innovator for the foreseeable future. AVCOE knows a few promising start-ups that are working on this technology and can be the possible game-changers. Here are a few of them:
AI. Reverie: Data is the fuel of the machine learning industry. Keeping this in mind, the company was founded in 2016. AI. reverie is a New York-based simulation platform that provides synthetic data designed to make AI and machine learning algorithms training affordable, fast, and productive. The company provides synthetic data and vision APIs across industries like smart cities, defence, retail, Agriculture etc.
Dataiku: Based in Paris, France Dataiku is an AI and Machine learning start-up founded in 2013. The company announced its Data science studio in 2014, which is a ‘predictive modelling’ software for business applications. The product is available in ‘free’ and ‘enterprise’ versions. The company’s goal is to bring data analysts, engineers, and scientists together to create self-service analytics while operationalizing machine learning. Dataiku has big enterprises like Unilever, General Electric, and Comcast as its customers.
Alation: is a data catalogue company aimed at making a data fluent world by changing the way
people find, understand, and trust data. The first to bring a data catalogue to market, Alation
combines machine learning and human collaboration to bring confidence to data-driven decisions.
As mentioned earlier, everything in existence is being digitized. Products and services that were initially being offered offline have now found their virtual alternatives. Start-ups like upgrad, coursera, and zero to career are some innovative start-ups that are being offered to the world.
Zero to Career: is a place to learn, practice, and show employers how well you can do the job you want, so they don’t have to rely on GPA’s, assessments, or tests that don’t reflect the work you would do. Through this platform, one can work on real time products, gain practical work experience, and get hired based on a profile backed by the work you would do on the actual job. Founded by Indian-based Texas entrepreneur Aditya Chandrashekhar this start-up is likely to become the next big thing.
Coursera: Coursera is an American massive open online course provider founded in 2012 by Stanford University computer science professors Andrew Ng and Daphne Koller offers massive open online courses, specializations, degrees, professional and master track courses.
With the good comes the bad, although the tech industry has its plus points they also pose some serious challenges. Too much dependence on automation, phishing sites, data privacy, mobile security, deep fake content, etc are some of the problems the world faces as things move towards a more digitized tomorrow.
By 2021, at least a third of all data will pass through the cloud, and within five years, there will be over 50 billion smart connected devices in the world. At the rate at which data and our ability to analyze it are growing, businesses of all sizes will be forced to modify how they operate.
But innovation is necessary, and the world is already embracing it.
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