Find Out The Top Five Indian Companies Excelling At AI

Latest Update- 04/01/2023

According to a recent study global investment in AI-centric systems will top $118 billion in 2022 and more than $300 billion by 2026. But none of this investment is giving any benefits. In a study Infosys Data+AI Radar found that if AI technology was improved businesses could generate an additional $460 billion in profits.

Companies need to improve their data management have confidence in trying to cut AI and integrate AI into existing business processes in order to realize these rewards. Although there are high expectations for data and AI most businesses fail to take action in these areas to turn data science into financially useful information.

The Infosys Data+AI Radar "Making AI Real" research states that even though three out of four enterprises aspire to implement AI across their organizations most still are beginners to the technology and face significant scale challenges. In the last four years only, at least 81 percent of respondents installed their first real AI systems and 50 percent did so in the last two.

There is a mismatch in expectations according to Balakrishna D R executive vice president and global head of AI automation and ECS at Infosys. what we found is that most businesses have experimented with AI. There are several POCs with use cases. but their expectation was to use AI to greatly change the way their organization works and increase efficiency. And that has not happened Balakrishna stated in reference to the report's conclusion.

Last Updated- 13/09/2021

We don’t realize but we are supported by AI-based operations in our daily lives more than ever. Be it a food delivery app a healthcare system app a cab booking app or a tutorial lecture-based app AI is everywhere and is helping companies and techs to get unprecedented customer attention. As AI’s popularity is growing by the day its stocks are increasing too. News has emerged about five India-based companies that are excelling in the AI game topping the chart is Coforge an IT service company that is among the top 20 Indian Software Exporters.

The company provides a host of services from providing AI-based business assistants to natural language processing. Thanks to AI the company has had a positive and high return in the past five years. Second, on the list is Happiest Mind Technologies an IT consulting and service firm the company is known to use AI technology to assist its business partners and has had a return of 290.8% since it entered the Stock Market only last year. Third is Saksoft a leading firm in information and management tech it uses Ai to offer major business problem solutions, the company’s CAGR is 20.1% annually since the last five years. Standing in the fourth position in Tata Elxsi a leading design and technology service provider company the company has tasted success with the help of AI in designing car designs and video analytical solutions and many more in the last five years Tata Elxsi has had a return of 535%. Lastly, Persistent Solutions a networking capability-based tech company based on MANET technology is using AI to help companies around the world to help scale up their business operations Persistent Solutions has a stock market return of 462%, upgrading their AI game.