Top 20 Artificial Intelligence Companies - 2018
Artificial Intelligence (AI) has enabled industry leaders to build self-learning applications that can analyze customers’ data and deliver personalized experiences to customers. According to a research, 41 percent of U.S. customers switch between brands and Original Equipment Manufacturers (OEMs) due to the lack of personalization and trust. Thus, customer-centric enterprises are equipping their services with AI as keeping customers happy remains their primary objective.
As businesses often have to deal with an enormous amount of unstructured data and process it manually to unearth real-time insights to drive business decisions has become rather sluggish. Hence, the need of the hour is to have self-governing systems to automate tasks and optimize business processes. Besides, organizations have turned to sources outside of their proprietary data warehouses to develop smarter and more efficient products. Thus, organizations seek the help of enterprises that offer AI solution for data exploration to provide the customers the experience they deserve.
Due to advancement in computational power of microprocessors, AI-powered software can process big data at a faster rate to deliver valuable insights in real time. With more than 2.5 quintillion bytes of data being generated every day, having a powerful AI platform is apparent for the enterprises to have a competitive edge in the market. Hence, irrespective of the nature of the business, organizations can foresee a proliferation of AI in coming years. Overall, AI-derived business value is forecasted to reach a mark of $1.9 trillion by 2019.
In this edition of CIOReview, we have listed “20 Most Promising Artificial Intelligence Solutions Providers – 2018,” capable of offering AI-powered solutions as per varied needs of businesses. A special panel comprising of CEOs, CIOs, CXOs, and analysts has selected the top players operating in the industry with the vision to help organizations find a suitable AI partner to have customers in the driver’s seat.