JULYASIA BUSINESS OUTLOOK19Indian AI Companies Empowering the World's Business EnvironmentArtificial intelligence has become one of the hottest buzzwords in the tech industry, and for good reason. It has the potential to revolutionize the way we live, work, and interact with the world around us. India has quickly emerged as a major player in this field, with a growing number of companies pushing the boundaries of what's possible with AI. In the corporate world, the use of artificial intelligence in business is now main stream, with many organizations using AI as a standalone technology for specialized use cases or embedding it within common enterprise software systems that handle core business processes. AI improves business operations: Inventory Management - Machine Learning, a subset of AI, uses image recognition abilities to increase efficiency and productivity across a wide variety of processes, one example of this is inventory management.Impact of AI on Business: The AI Startups are clearly playing a major role in innovating new AI led solutions and products for enterprises and they look at stitching symbiotic partnerships with the enterprises to build and deploy next generation of products & services. The economic impact of AI for enterprises will be driven by: Productivity gains from businesses automating processes; Productivity gains from businesses augmenting their existing labor force with AI technologies & Increased consumer demand resulting from the availability of personalized and higher-quality AI-enhanced products and services. Significance of AI companies from India: Indian-based AI companies are proving to be a vital resource for businesses across different sectors. With their innovative solutions and cutting-edge technology, they are helping businesses to stay competitive in an increasingly complex and challenging business environment. AI has the potential to significantly boost the economy by improving productivity, reducing costs and creating opportunities for innovation and growth. AI companies making-waves in the world of chat bots. Their platform enables businesses to build and deploy chat bots for a variety of purposes, from customer service and support to marketing and sales. The company's technology uses natural language processing to understand and respond to user inquiries, making it easier than ever for businesses to engage with their customers.Asia Business Outlook magazine provide insights on diverse industries and markets in Asia. In this issue, the magazine spotlights Top 10 Most Promising AI Companies from India ­ 2023' who have made their signature in the world market through their expertise and innovations. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable products and services.2023MOST PROMISING AICOMPANIES FROM INDIA
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