Here are some prize innovative AI applications in Indian companies

Artificial Intelligence (AI) has made giant strides in India, thanks to Indian companies who have truly taken an innovative approach to apply it in different sectors, ranging from BFSI, Manufacturing, Retail, etc. It?s fair that their efforts are recognized to provide further boost to their abilities and Microsoft has done just that. In its recent Microsoft AI Awards 2.0, held in Mumbai, it felicitated Indian companies which are successfully leading AI innovation in India, using Microsoft technologies.

The winners were selected across seven categories. In total, 11 customer and partner organizations were selected from applicants from a wide variety of fields including AI in education, finance, cybersecurity, prevention of crime, aviation, marketing and sales and more. Paisabazaar and Decision Point won big among its customers.

The following is the list of winners across the seven categories:

1. Best AI Application in BFSI

Microsoft customer: for their ?Chance of Approval? model that enables personalized recommendations to increase product conversion for loans & credit cards using Azure ML.

Microsoft partner: Eugenie (Fractal) for developing scalable AI suites that can detect financial frauds with more than 90% accuracy from high volume transaction data using unsupervised ML techniques.

2. Elevating Customer Experience with AI

Microsoft customer: for creating a highly efficient pre-qualified loan system to ease the loan process by leveraging customer profile matching credit history.

Microsoft partner: Resulticks Digitals India for leveraging machine learning and AI capabilities to enable micro-targeting, boost marketing campaign effectiveness, and empower insightful benchmarking.

3. Most Innovative AI Solution

Microsoft customer: Mindtree for developing a predictive analytics solution for a leading airline player to ensure maximum occupancy with optimal yield.

Microsoft partner: Paladion for developing an AI driven enterprise cybersecurity platform that enables customers to reduce their MTTD security breaches by 85%.

4. Best AI solution for Societal Impact

Microsoft customer: UST Global, who in partnership with EmancipAction, built a human-centric platform to collate information and provide meaningful insights from clinical research study performed on children exploited by human trafficking.

Microsoft partner: Talview for empowering students with limited means for higher education by providing remotely administered AI-based progressive assessments.

5. Empowering Employees with AI

Microsoft customer: Decision Point for a recommendation engine for feet on street that enables them with overview of product line and gives better inputs to the dealers/retailers based on various parameters.

Microsoft partner: Disprz for using AI to help employees accelerate their careers through personalized online courses and videos depending on a user?s role, skill needs and past learning history.

6. Best AI Application in Manufacturing

Microsoft customer: Decision Point for using AI to optimize the beat path for feet on street (FOS) to maximize sales and productivity.

Microsoft partner: Cognizant Technology Solutions India for an AI assistant that interacts with the on-field technician to help resolve fault codes at the elevator panel.

7. Emerging AI Focussed Start up

ConceptBytes for their ?Smart Surveillance?, a SaaS platform, which safeguards intend of enterprises on their existing surveillance systems. It leverages Hybrid Edge AI to provide actionable insights from data and video streams.

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