Tuesday, Sep 17, 2019 | Last Update : 04:23 AM IST

5 Platforms using AI technologies and redefining their industry

THE ASIAN AGE
Published : Apr 29, 2019, 6:17 pm IST
Updated : Apr 29, 2019, 6:17 pm IST

AI is helping organizations go beyond human intelligence and offering solutions.

AI helps in a variety of organisations.
 AI helps in a variety of organisations.

Technology making a huge impact in the Indian start-up ecosystem. Companies using AI are not only reducing the chances of error but also improving the efficiency of an organization. Nowadays, AI is helping organizations go beyond human intelligence and offers solutions in areas such as fintech, solar, real estate, automobiles, etc.

Here's a list of 5 start-ups that are using advanced AI to disrupt their respective industry:

MYSUN: It’s a technology backed rooftop solar solutions and services company, using artificial intelligence in their platform. MYSUN has its Advanced Solar Calculator, if solar doesn't suit an individual or if solar can't provide enough return on investments according to the need of the consumer, it will clearly ask you to not to go solar. MYSUN Advanced Solar Calculator gives all the controls in your hands & provides a very accurate picture of your solarisation potential. Moreover, it will also tell you what kind of appliances you can run with solar for how many hours in a day. You can also adjust your day time energy consumption to fine-tune the most suitable solar PV system design for you.

mPokket: This is a prominent digital lending platform offering short term personal loans to college students by using artificial Intelligence on their platform. AI helps in eliminating the need for the time-consuming as well as the paper-heavy process of obtaining loans from traditional sources. Any college student in India is eligible to borrow money instantly using the mPokket mobile app.

NoBroker.com: NoBroker uses AI/ML solution to the broker problem in India. Its algorithm helps to identify and ban brokers from the portal. The website has also introduced various AI-based products such as Rent-o-meter, livability score and transit score.

Routematic: Routematic, with the help of the Internet of Things, has made corporate commutation a hassle-free and organized process. It is one of the first platforms to automate the process of commutation completely, from booking to billing.

Shiprocket: Incepted in 2016, Shiprocket is a data-driven logistics aggregation platform which drives efficiency in India’s eCommerce logistics by connecting online retailers with logistics providers along the supply chain to enable end-to-end solutions. The company envisions collaboratively connecting online retailers, logistics companies and consumers in a seamless platform to create delightful shipping experiences for everyone. The company’s core goal is to power the largest number of shipping transactions in the direct to consumer e-commerce space in India. It has the largest network reach in India with 26,000 pin codes available for pickups, deliveries and COD. Shiprocket’s CORE (courier recommendation engine) is the first of its kind and optimizes courier selection on more than 10 variables including shipment weight, pickup and delivery performance, RTO performance, mode and cost and is able to automatically select the most appropriate courier partner and mode for each seller’s shipment that’s processed on the platform.

Tags: artificial intelligence, technology