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Can your organisation afford to overlook AI integration?

Economic TimesEconomic Times · 1y ago
Can your organisation afford to overlook AI integration?
Medial

The global AI market is projected to reach $1,811.8 billion by 2030, with a CAGR of 38.1%. AI offers opportunities to streamline operations, drive innovation, and deliver personalized customer experiences. Automation and data analysis are two areas where AI is making significant strides, enhancing efficiency and unlocking valuable insights. Embracing AI integration is crucial for organizations to stay competitive and meet customer expectations. However, data readiness, addressing talent gaps, investing in computing infrastructure, and managing hybrid and multi-cloud environments are key challenges. Hewlett Packard Enterprise (HPE) offers comprehensive AI solutions and expert guidance to help organizations successfully implement AI initiatives.

GenAI to generate economic value worth $2.6-$4.4 trillion annually: Report

Economic TimesEconomic Times · 1y ago
GenAI to generate economic value worth $2.6-$4.4 trillion annually: Report
Medial

Generative AI (GenAI) is projected to generate annual economic value ranging from $2.6 trillion to $4.4 trillion. Around 75% of this value is expected to be concentrated in core service lines such as software engineering, customer operations, R&D, and sales and marketing, which are essential for technology service providers in India. Over the next five years, more than 100 GenAI use cases are predicted to drive 15-20% additional growth, with potential productivity improvements of 30% in the next two to three years. The generative AI space is rapidly evolving, with providers reshaping their approaches and increasing investments in areas like technology, talent, and risk management.

Vividobots raises Rs 1.47 Cr in seed round led by IPV

EntrackrEntrackr · 3m ago
Vividobots raises Rs 1.47 Cr in seed round led by IPV
Medial

Chennai-based robotic automation startup Vividobots has raised Rs 1.47 crore in its seed round led by Inflection Point Ventures (IPV). The proceeds will be used for product innovation and the scaling of robotic systems tailored to high-rise real estate maintenance. Founded in 2021 by Dhinesh B (CEO), Velmurugan B (CPO), and Kesavaraj S (CTO), Vividobots focuses on developing AI-powered robotic systems that automate exterior building maintenance, offering time, cost, and safety improvements over manual methods. Currently operational in Chennai, Vividobots plans to expand into other metro cities. Its technology enables up to 70% time savings, 50% cost reduction, and 15% material savings in vertical surface maintenance, with applications in painting and cleaning. The startup is part of the Brigade REAP accelerator and was named among the Top 10 Real Estate Tech Startups by Mahindra LEAP in 2023. According to market research, the Indian market for these services stands at $4.46 billion (SOM), with global TAM reaching $1.56 trillion, pointing to significant potential for automation in the sector.

How AI Automation Tools Can Help You Save Time and Money

StartupTalkyStartupTalky · 1y ago
How AI Automation Tools Can Help You Save Time and Money
Medial

AI automation tools are transforming industries by streamlining processes, improving efficiency, and saving time and money. Chatbots, predictive analytics, and other AI-powered tools can automate repetitive tasks, enhance productivity, and make informed decisions. Implementing AI automation offers benefits such as increased productivity, improved customer service, reduced costs, and enhanced accuracy. Various industries, including manufacturing, healthcare, retail, and finance, can leverage AI automation for tasks like predictive maintenance, personalized recommendations, and risk assessment. Challenges include data quality, ethical considerations, and the need for specialized skills. The future of AI automation holds advancements in natural language processing, robotics, augmented decision-making, and the development of ethical AI frameworks.

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