Nobias Thematic Series: Artificial Intelligence

Artificial Intelligence (AI) is evolving rapidly, ushering in the most important technological revolution of our lifetimes. We see AI at a point of inflection and expecting ramping AI-based innovation to create new digital consumer use-cases and changes in behavior.

AI will bring new and improved search tools, AI assistants, stronger social/e-commerce recommendation engines, next generation content creation tools, more optimized shared economy marketplaces, and more. We also see significant opportunities for new enterprise revenue drivers and productivity enhancement for both simpler tasks (customers service, client-onboarding) to complex calculations (coding, robotics, logistics)

How can investors invest in this cutting-edge technology that is quickly changing society as AI disrupts how we live and work? Machine learning and Artificial Intelligence are at the core of the current technological revolution. Since they can potentially impact almost every primary industry, these technologies, like smartphones, are practically ubiquitous.

We have created this blog to explain better Artificial Intelligence, its use-cases, and highlight the companies building it in India.

What is Artificial Intelligence (AI)?

AI is a machine’s ability to perform the cognitive functions we associate with human minds, such as perceiving, reasoning, learning, interacting with an environment, problem solving, and even exercising creativity.

What Use-Cases will AI have for Indian businesses?

AI will bring new and improved search tools, AI assistants, stronger social and e-commerce recommendation engines, next generation content creation tools, more optimized shared economy marketplaces, and more. We also see significant opportunities for new enterprise revenue drivers and productivity enhancement for both simpler tasks (customers service, client-onboarding) to complex calculations (coding, robotics, logistics).

Indian Artificial Intelligence Industry: A Synopsis

India brings pure expert knowledge and the expandability of solutions to Al’s execution as a nation that swiftly transitioned from paper-based to digital presidency during the pandemic. In India, data is as plentiful as people. AI initiatives have seen increasing penetration due to this and digital readiness, whether for modular UPI transactions or centralized data storage in the DigiLocker. The horizontal application of technology all over industries for intelligent automation, quicker turnaround, conflict resolution, and more is another aspect of Al's "Indian Secret Sauce."

Highlighted AI Companies in India:

Tata Elxsi Ltd. Tata Elxsi offers design and tech assistance, specializing in system integration, software development, and smart solutions, making it an appealing investment for its diverse tech capabilities and innovative approach in AI-enabled sectors.

Bosch Ltd. Bosch provides energy, building, consumer goods, and mobility solutions, making it an attractive investment due to its comprehensive presence in AI-driven automotive and smart mobility solutions.

Kellton Tech Solutions Ltd. Kellton Tech, based in India, focuses on ERP, digital transformation, and IT services, presenting an investment opportunity with its agile software development and innovative platforms for media and IoT gamification.

Happiest Minds Technologies Ltd. Happiest Minds is an Indian IT consulting firm, specializing in managed security services, digital solutions, and product engineering, offering investment potential in the rapidly evolving AI and cybersecurity landscape.

Zensar Technologies Ltd. Zensar Technologies provides IT solutions with a focus on custom application management services, making it an enticing investment for its expertise in AI-driven application development and maintenance.

Persistent Systems Ltd. Persistent Systems offers software and technology services, including data analytics and intelligent automation, making it a compelling investment for its contributions to the AI and data-driven technology landscape.

Saksoft Ltd. Saksoft, based in India, specializes in cloud-enabled enterprise applications, making it an appealing investment for its ability to address various industry needs in AI and digital transformation.

Oracle Financial Services Software Ltd. Oracle Financial Services Software provides business processing services and IT solutions for the financial sector, offering investment potential in the expanding realm of AI-driven financial technologies.

Affle India Ltd. Affle India is a global tech company providing consumer intelligence platforms for mobile advertising, making it a strategic investment for its role in enhancing customer engagement through AI-driven solutions.

Cyient Ltd. Cyient specializes in technology and engineering solutions, including network and analytics, offering investment opportunities in AI-enabled sectors such as geospatial solutions and electronic manufacturing.