Artificial intelligence is increasingly being used by organizations around the world to improve efficiency, reduce costs, and gain a competitive advantage. According to a report by the International Data Corporation, global spending on AI is expected to surpass $300 billion in 2026, with a 26.5% CAGR in the next 4 years. Widely considered as one of the biggest tech breakthroughs of the past decade, AI’s rapid growth is driven by the numerous benefits that help organizations thrive in the digital era.
One of the most significant benefits of AI is the ability to automate routine tasks and processes, freeing up human employees to focus on more complex and creative work. This can lead to optimized productivity and cost savings. For example, chatbots can handle customer inquiries, freeing up customer service representatives to handle more complex issues. Similarly, AI-powered supply chain optimization systems can help businesses reduce inventory and transportation costs.
AI can also help businesses make more informed decisions by analyzing large amounts of data and providing insights that would be difficult for humans to uncover. This can be especially useful in industries such as finance, healthcare, and marketing, where data analysis is critical.
Today, a handful of AI startups are disrupting businesses, industries, and sectors on a global scale with their cutting-edge solutions and advanced tools that continuously break ground and push boundaries. Here are 6 key players that everyone should check out in 2023:
Substrata is a platform that uses data to help enterprise sales executives and top dealmakers improve their performance. It utilizes a combination of social signal processing and pragmatic analysis to analyze verbal and nonverbal cues in order to better understand the sentiment and intentions of prospects.
Substrata specializes in developing this technology in order to assist dealmakers in uncovering implied meaning, assessing relative competence, and determining the relevance and value of their offerings to potential clients. Its technology, which combines elements of deep learning, natural language processing, linguistics, social science, cognitive science, and psychology, allows for the analysis of digitally delivered social signals.
TheGist is an Israel-based startup that has developed generative AI technology to improve workplace productivity by simplifying the creation and consumption of information. Their first tool, theGist for Slack, filters out unnecessary information and provides personalized summaries of Slack discussions to help employees stay focused and avoid missing important signals.
The goal of theGist is to ease the way that teams work together, collaborate, manage tasks and projects, and consume information. It was created by senior executives from Wix, Blizzard, and OpenWeb who have firsthand experience with the challenges of managing communication in a busy workplace, and is backed by StageOne and Aleph.
Pony.ai has developed self-driving technology and launched a robotaxi service that disrupted the transportation industry in the United States and China. The service allows passengers to hail autonomous vehicles through the PonyPilot+ app. Their goal is to develop safe and reliable autonomous driving technology that can be deployed at scale.
The company has conducted mobility pilots in multiple cities, serving hundreds of riders daily and accumulating millions of kilometers of autonomous road testing in complex scenarios. They have established a strong technical and operational foundation for the expansion and improvement of their service.
Viz.ai is a company that utilizes artificial intelligence to improve care coordination and reduce delays in the healthcare system. Their suite of AI-powered products is designed to detect and alert care teams to suspected diseases within minutes, allowing for real-time consultation through a HIPAA-compliant mobile interface.
This innovative approach to using technology helps to transform clinical workflow and improve patient care by enabling faster treatment decisions that can lead to better outcomes and potentially save lives.
Netra uses computer vision and AI to help businesses gain insights from visual content. Their platform and products are designed to generate organized data sets that are rich in context, segmentation, and similarity, allowing businesses to extract wisdom from all of their content.
To support this, Netra offers a series of APIs that allow data scientists, developers, and product teams to unlock the knowledge contained within video, image, and text content and create a consistent data taxonomy for various business use cases. The company’s mission is to use AI to illuminate the world’s content, similar to how search has done for text.
BigML is a machine learning platform that enables users to solve and automate a variety of tasks, including classification, regression, time series forecasting, cluster analysis, anomaly detection, association discovery, and topic modeling. It is designed to be consumable, programmable, and scalable, making it easy for analysts, software developers, and scientists to transform data into actionable models.
The company’s goal is to make machine learning accessible and user-friendly for people of all skill levels. Their team has helped organizations of all sizes and industries build sophisticated machine learning-based solutions by extracting predictive patterns from their data.