Artificial Intelligence is an outstanding phenomenon that strongly impacts
the way we live and do business. The new form of intelligent technology changes
almost everything we do from simple analytics to complex space engineering.
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According to the report, over 65% of companies with innovation the strategy is using AI to identify opportunities in data that they would have
otherwise missed.
The benefits of AI are obvious and groundbreaking, which is why we see more
and more AI-focused startups every year.
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Statista reports that there are almost four thousand AI startups
in the world today. A lot of these companies are still in the early stages of
development, but some of them already make a big impact on the entire
industry. In this article, we will present you 12 astonishing AI startups to
keep an eye on in 2020.
1.
Trifacta
Trifacta is a business analytics platform that creates in-depth reports
in all types of industries. This startup is a genuine big data giant that makes
data processing automated, speedy, and intuitive.
Founded in 2012, the company managed to gain incredible influence in the big
data industry and spread the business to over 170 countries worldwide. Today,
more than 20 thousand companies use Trifacta as their business intelligence
model.
2. Invoca
AI is not a novelty for digital marketers, but Invoca takes the
business to the whole new level. The startup tracks user interactions to give
clients practical insights on customer behaviour.
As a consequence, marketers are able to design better campaigns and drive
revenue. Business analysts at Edu Birdie say that Invoca immediately
managed to grab the attention of investors and clients, establishing close
partnerships with tech giants such as Samsung and Lenovo.
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3. Envision
Envision is a startup created with the sole purpose to “speak out the
visual world for the blind and low-vision users”. How does it work? It’s a
mobile app that allows visually impaired individuals to take a photo of the
nearby object, while software processes information and informs users what’s in
front of them. Of course, Envision is available in both versions: iOS and
Android.
4. Algolia
Algolia is another very influential big data startup that enables
clients to quickly develop search functions in all of their sites, mobile apps,
and other online platforms.
Our fellow colleagues at Ninja Essays tested Algolia and shared
their opinion with us: “Using this feature, visitors can search and find almost
any information within seconds, while clients receive huge volumes of
customer-related data. Algolia creates a win-win situation for both parties
because it improves the user experience while gathering relevant information for
its partners.”
5. Dutch Analytics
Dutch Analytics is a business intelligence startup that uses AI and
machine learning to assist partners in the maintenance industry. This startup
is actually a group of big data enthusiasts who found a way to exploit machine
learning:
- They
conduct a quick scan of each client
- They
organize and evaluate data to propose actionable insights
- They show
clients how to use the product and enhance their business
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6. Data Robot
This startup helps companies to evolve and become fully AI-driven
enterprises. Working with pretty much all types of business, Data Robot is
capable of boosting the predictive analytics of every client.
Customer relationship managers at Nerdy writers used Data Robot
and told us that the platform drastically accelerated their decision-making
processes: “We are now able to get more projects done without jeopardizing the
quality of our work.”
7. Circularize
Circularize is proof that AI startups can operate in literally any area
of life and work. The product establishes clear and
uninterrupted communication between recyclers, manufacturers, and end-users.
But this solution is only a fraction of what Circularize has in mind, and
that is “to overcome the communication barrier that is limiting current and
future progress towards a sustainable economic model: the circular
economy.”
8. Gong
Gong represents the highest level of conversational intelligence
because it successfully monitors, records, and analyzes all types of customer
interactions.
You can use this AI-based platform to evaluate one-on-one conversations,
group meetings, live chat messages, phone calls, and all other sorts of
conversations. Essentially, Gong identifies the best practices of your sales
team and allows you to apply the same tactics across all units.
9. Demand Jump
Demand Jump is yet another digital marketing startup, but this one
focuses on budget optimization. The program makes it easy to detect positive
and negative elements of your digital marketing strategy, so you can eliminate
the latter and add more of those elements that actually convert.
10. Olympian
Olympian is a startup whose members are well aware of the power of AI.
For this reason, they built a platform that helps students to learn about AI
programming through practical problems and real-world projects.
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11. TARA
TARA stands for Talent Acquisition Recruiting Automation. This startup
represents the real future of project management because it makes the software
development process much faster than ever before. In less than four years, TARA
managed to evoke the interest of renowned companies such as Ford, Cisco, or
Orange Telecom.
12. Obsidian Security
Obsidian Security is the so-called intelligent identity protection
platform. It creates a combination of machine learning, AI, and cybersecurity
to maximize the safety level of complex IT systems.
Conclusion
AI is both the present and the future of global business, which is why
avant-garde entrepreneurs keep launching more and more AI startups every year.
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