Technology is becoming faster now than ever. The development of AI initially began as research in laboratories but has now become a central force in various sectors like healthcare, finance, and more. Big-Tech companies are running in the race of developing superintelligence which can make advanced decisions with data.
The Indian artificial intelligence sector is made up of start-ups. The government is contributing to the advancement of this technology.
In India, we don’t have many companies selling AI services to other companies but are using AI in a massive way in their operations and models. 54% of businesses have integrated AI into their operations. The Indian AI market is projected to grow by 20% over the next five years.
In this article, let’s look at the top AI-focused publicly traded companies dominating the space. Most of these companies are already leaders in the technology sector in India and internationally.
Tata Consultancy Services Ltd
TCS is a global provider of IT services, consulting, and business solutions. It is a subsidiary of the Tata Group and is renowned for cutting-edge developments in digital technologies, cloud computing, and artificial intelligence.
Infosys Ltd
Infosys Limited is a global powerhouse in IT services and consulting. The company delivers software development, maintenance, and validation services in the finance, insurance, and manufacturing sectors. They are known for their dedication to digital transformation, and artificial intelligence.
Subex Ltd
Subex is into AI solutions for telecommunications companies. The company uses AI to help telecom operators forecast network growth, traffic, and user behavior. Subex also uses machine learning and deep learning algorithms such as LSTM, generative adversarial networks, capsule networks, and elastic nets to detect and prevent network fraud.
Happiest Minds Technologies Ltd
Happiest Minds Technologies offers digital solutions that blend augmented intelligence with natural language processing. They are also into digital transformation & enterprise solutions, product engineering, infrastructure management, security, testing, and consulting.
In FY 2024, the company launched a Generative AI Business unit, which is expected to reach full maturity within the next two to three years.
Tata Elxsi Ltd
Tata Elxsi is a global design and technology service company that collaborates with industries like automotive, broadcasting, communications, and healthcare. The company provides services in product engineering, design, and technology solutions.
Tech Mahindra Ltd
Tech Mahindra delivers IT and outsourcing services to sectors like telecommunications, manufacturing, finance, healthcare, and retail. The company focuses on digital transformation, data analytics, and cloud-based services.
Kellton Tech Solutions Ltd
Kellton Tech Solutions has shifted its primary focus to artificial intelligence and offers generative and conversational AI-based solutions. They have also launched the Kverse customer experience center and innovation lab in Gurgaon for AI development.
Saksoft Ltd
Saksoft has also transitioned towards AI and provides AI-driven services like AI consulting, data mining, machine learning development, computer vision, and NLP-powered aspect-based sentiment analysis.
Oracle Financial Services Software Ltd
Oracle specialises in delivering tailored software solutions for the banking and financial services industries. Areas that they operate under are banking applications, analytics, and tools for risk and compliance management.
HCL Technologies Ltd
HCL Technologies excels in IT consulting, software development, and business process outsourcing. They serve industries such as technology, finance, manufacturing, and healthcare. HCL Technologies offers solutions in digital transformation, cloud computing, automation, cybersecurity, and analytics.
Conclusion
Artificial intelligence is here to transform business operations and decision-making processes. It is bringing changes just like the time when computers were only being introduced.
As investors, it is important to identify the opportunities early while also managing their risks. There is no better time than now, to invest in an AI-driven company.
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