mindtalks artificial intelligence: 15 Top Innovative AI Companies Driving Exponential Shifts In Their Respective Sectors – Forbes – picked by mindtalks

Artificial intelligence (AI) is not new, but it is revolutionizing the world. Paired with emerging technologies, the applications for AI currently appear to be endless. From accelerating the pace of life saving drugs to streamline operations for cost-savings and revenue amplification, AI platforms are omnipresent, and their impact is inescapable.

IBM terms it the “innovation equation,” and explains that AI became the world’s fastest-growing tech tool for one reason: necessity. The digital age ushered in previously unthinkable quantities of data. Since almost every system in the world relies on, uses, or generates data, something faster than the human mind was needed to organize it. 

Enter AI. Now, you would be hard-pressed to find a company or platform that doesn’t use AI in some way. AI-built, AI-fueled, AI-powered, AI-informed: it is pervasive. In the hands of innovators, the disruption of AI of companies worldwide trends in a positive direction, and has the potential to change the world. In this article we’ll dive into 15 of the most innovative companies in AI right now and the seismic shifts they are causing across industries.

Abacus AI

In the past decade, deep learning neural networks have been used for tasks such as image recognition and speech understanding. The idea is that an artificial neural network can be trained to perform a task by showing it many examples of inputs and desired outputs (examples are called training data). These networks can also be designed so that they recognize patterns or structures in input data by using unsupervised learning algorithms.

Founded by Bindu Reddy, Arvind Sundararajan and Venkat (Siddartha) Naidu, Abacus.AI is the world’s first end-to-end AI and ML platform. Abacus.AI has developed several deep-learning techniques and their expert AI system can be used to train custom neural networks based on the use-case and datasets.

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Organizations can use these techniques to train models or bring their own ML and DL models and use their state-of-the-art toolset that allows data science teams to wrangle data, build real-time machine and deep learning features, upload ipython notebooks, monitor model drift and set up CI/CD for machine learning systems. Their one of kind real-time deep learning platforms makes it extremely simple to launch and monitor personalization, time-series, anomaly detection and NLP models with ease. 

DataProphet

In the early 1960s, General Motors was one of the first manufacturers to implement a production line with AI. Some benefits for factory owners when implementing an intelligent system are improved quality and increase in throughput/production output while reducing costs or lead time to market by using some examples like robotic process automation (RPA), smart sensors, machine learning (ML) predictive analytics and natural language processing (NLP). 

DataProphet is an award-winning, VC-funded, high-growth AI-as-a-Service company that enables manufacturers to step towards autonomous manufacturing. Co-founded by Frans Cronje in 2014, the DataProphet team are innovators of a novel deep learning technology which harnesses prescriptive analytics for proactive, continual optimization of manufacturing systems. 

DataProphet’s cutting-edge AI factory deployments help manufacturers to implement Smart Factory initiatives with guaranteed RoI within the first year of installation. This company’s suite of AI solutions target critical production KPIs such as improving quality, increasing production capacity, reducing waste, and operating with greater energy efficiency. With state-of-the-art, pre-emptive data-driven guidance, DataProphet has consistently helped customers worldwide to reduce their cost of non-quality by an average of 40 percent. 

Impira

Labeling data can be time-consuming and tedious, but fortunately there are tools that automate the process.  Previously, training a model with labeled data required advanced coding knowledge – but recent no-code innovations have made training more accessible for the masses. 

Impira helps companies to extract and organize key data from PDF documents like invoices, purchase orders, and forms. Impira is powered by machine learning that improves in real-time with every document uploaded. Other solutions take weeks of training and implementation to reach optimal results, but Impira is capable of one-shot learning which means that users can upload documents and label just one example to train a model that continues to improve with each piece of feedback you provide. 

The no-code platform can process hundreds of documents in seconds with a 95+% accuracy rate for document extraction models. Leveraging out-of-the-box integrations and API, Impira automates the end-to-end document processing workflow. This groundbreaking no-code platform helps business leaders to reduce data errors and allows team members to focus on more fulfilling work. Impira was founded by Ankur Goyal, Michael Andrews, and Richard Stebbing.

Lunchclub

It’s hard to believe that it only took a few decades for the world of technology to evolve from desktop computers and landlines, to smartphones and enormous data centers. This evolution has made our lives easier in many ways. However, one area where we are still struggling is the process of scheduling meetings with people who work across different time zones or locations.

Lunchclub is the perfect solution for a virtual workforce, providing a new way to network and make a professional impact. The AI-powered platform is touted as a “superconnecter,” and a modern, efficient way to make introductions and schedule 1:1 meetings. 

Lunchclub has regularly been in the press as a way for entrepreneurs to more easily connect, get face to face time with important people or colleagues, and forget mutually beneficial partnerships. It was founded by Vladimir Novakovski, Scott Wu and Hayley Leibson in 2018, and is a fun and simple way to connect to the right people, in less time.

Symbl.AI

Conversational intelligence has evolved beyond speech-to-text. Using unstructured conversation data, Symbl.ai can measure conversation analytics, topics of discussion, provide real time speaker diarization, provide entity and intent recognition, and offer personalized insights. This platform has a comprehensive suite of APIs and SDKs that enables developers to provide search and indexing of conversations within products and also build domain-specific conversation tracking use cases for compliance, coaching and automation.

Symbl.ai is built on a novel hybrid machine learning architecture that leverages deep learning and unsupervised learning approaches to contextually comprehend the meaning of human to human conversations at scale, without the bias of a domain or conversation type. Founded by Surbhi Rathore and Toshish Jawale, this Seattle-based start-up is democratizing conversation intelligence. 

TechCyte

Techcyte is an AI company that is revolutionizing diagnostics in human, veterinary, and environmental markets. It is the leading digital clinical pathology platform for both labs and clinics, including capabilities for image acquisition, slide management, storage, data curation, algorithm development, workflows, reporting and LIS integration. 

It is HIPAA compliant, has a CE mark and is in the process of submitting an FDA 510k.Techcyte has tests for hematology, bacteriology, parasitology, cervical cytology, infectious diseases and fine needle aspirates, making it a complete digital clinical pathology solution. They recently closed a $21 million round that will fuel their next stage of growth.

Digilytics AI

Digilytics AI  is a fintech company and a leading solution provider using AI technology to revolutionize mortgage origination. With net lending still low, the lengthy origination process represents a barrier to many individuals and businesses, not to mention the many, overwhelmingly manual steps. Digilytics RevEl is a bolt-on product that doesn’t replace, but rather streamlines the current mortgage journey. It does this by creating first time right applications wherein AI virtually eliminates human error and sub-optimal mortgage originations. Founded by Arindom Basu, Digilytics AI aims to drive profitable business growth for companies with its proprietary AI-powered NLP, deep learning, and computer vision components. In this way, it is creating a greener planet with smarter humans.

Bitscopic

The science behind the next pandemic is coming into focus. As we move forward, our ability to predict and prepare for future pandemics will only grow. The question is: are we ready? Bitscopic builds early warning systems at the scale required to meet rapidly emerging genomic sequencing, bio-surveillance, outbreak, and laboratory workflow needs. 

Bitscopic tools quickly identified the initial emergence of Zika in the United States. By combing through data from 10,741 Covid-19 positive patients across 170 sites, Bitscopic uncovered a potential treatment with a globally available, inexpensive, over-the-counter medication. During COVID-19 testing shortages at the beginning of the pandemic, Bitscopic AI identified a specific marker in routine blood draws that indicated positive Covid-19 cases with significant accuracy. Bitscopic’s cutting-edge, AI-driven solutions continue to serve Public Health efforts worldwide. 

Bitscopic honors the legacy of a beloved friend and Veteran who was hospitalized and, despite best efforts, passed away from a hospital-acquired infection. The company was founded by Payam Etminani and Farshid Sedghi, two tech industry disruptors who recognized opportunities for machine learning and AI to reduce such tragic incidents, and to significantly improve patient outcomes, care equity, and well-being at scale. 

Petro.ai

Energy is the lifeblood of modern society, powering everything from automobiles to our homes. With such an important resource at stake, it’s no wonder that there is so much research and development going into finding new ways to produce energy.

The future of energy is one that Petro.ai founder, Troy Ruths, takes seriously. The goal of digitization for engineers is to alleviate the burden of replaceable tasks and free up innovators to create Petro.ai: Intelligence, providing new solutions for urgent needs. Using modern data science, analysts can use the platform to assess oil, gas and NLG streams, then create models for rapid calculation and accurate forecasts (up to 95%). 

Essentially, Petro.ai lets engineers see subsurface information and make meaningful calculations to work more strategically, track changes, analyze stage performance, adjust models and produce more. Over 50 subsurface and operational data types are already in the system, with pre-built analytic tools that can deliver results within minutes.

Mosaic

AI and automation are changing the world of finance, and Mosaic is the first Strategic Finance Platform making them more accessible to CFOs and their teams. Mosaic ingests data from core systems of record— ERP, HRIS, CRM, and billing systems—to power strategic planning tools that help finance teams analyze their numbers and forecast the future with greater accuracy and speed.

The platform delivers clear, consolidated insights and data visualizations that empower finance to become forward-looking, strategic business partners. Founded in 2019 by Bijan Moallemi, Brian Campbell, and Joseph Garafalo, Mosaic delivers business intelligence purpose-built for finance so business leaders can make smarter decisions faster.

Histowiz

Digital pathology is the latest technique in medical diagnostics. It uses a microscope and computers to analyze tissue samples for disease or infection. This kind of technology is not new, but the digital version has some advantages over traditional microscopy such as being able to process more images per second and having an automated system that can detect slides with cancerous cells without human assistance.

Combining automated histology services with slide archival and advanced AI technologies, Histowiz has revolutionized digital pathology for more than 450 research labs including over half of the top 25 pharmas. The company’s PathologyMap™ platform provides access to the world’s largest preclinical pathology database (250,000+ slides) and a network of board-certified pathologists for on-demand diagnosis and peer review.

PathologyMap™ enables the efficient creation of labeled data — the essential fuel for machine learning — giving Histowiz a competitive advantage for developing AI tools internally and through pharmaceutical partnerships. Histowiz has raised $25M from top investors and is led by Ke Cheng, a solo female founder with extensive cancer research experience.

Functionize

Test debt is a term that is becoming more and more common in the software development community. It refers to the idea of an organization being drowning in the number of tests they would have to write before releasing their product because of all the bugs found during testing. This makes it difficult for companies, especially those with limited resources, to release new products on time or at all.

Functionize is making it possible to keep up by providing a new way of testing. Founded by Tamas Cser, this platform takes an AI-first approach that empowers teams to build smart tests that are virtually unbreakable and infinitely scalable. The platform solves the debilitating problem of test debt by leveraging the power of AI. 

This approach allows anyone to create intelligent tests that work on any browser or platform and need virtually no maintenance. Users can use this low-code testing solution to create tests in minutes while leveraging advanced features including test data management. UI changes trigger AI-assisted maintenance, which self heals most test failures and provides one-click SmartFix solutions for the rest.

Pinochle AI

You may have heard about the recent cyber attacks on Equifax and Yahoo. What you may not know is that these hacks are just the tip of the iceberg when it comes to cybersecurity vulnerabilities.

Pinochle.AI insurgent mission is to unearth the ground truth cybersecurity vulnerabilities, enabling enterprises to harden their attack surface by a factor of 10x. Pinochle’s cybersecurity platform Garud.AI aims to automate the entire cybersecurity value chain end-to-end, leveraging self-learning AI to capture a unique “fingerprint” of everything from users to devices.

It then goes further by employing what Ranghan Venkatraman (CEO | CTO) calls “autonomous defense” by mapping companies’ supply chains to show risks, show where their data resides, who has access, and what steps can alleviate risk. Ranjani Venkatraman (COO | Chief Product Officer) believes this will help customers move from a cyber defensive to offensive posture by aiming to stop hacks before they happen by identifying threats in real time.

Apprentice.io

The rise of life-threatening diseases is the result of a rapidly changing world and our inability to produce enough drugs. There are many factors that contribute to this lack of supply, including an aging workforce with less time for innovation and drug development, decreased public funding for research in the pharmaceutical industry, and expensive regulatory hurdles.

Apprentice delivers the only life science industry’s intelligent software platform built to help teams deliver lifesaving drugs, treatments, vaccines and therapies with greater reliability, speed and safety. Leading the way to “Pharma 4.0,” Apprentice’s intelligent platform leverages artificial intelligence, augmented reality and collaborative tools to improve the accuracy, reliability and efficiency across all manufacturing processes – from small and large molecule to cell and gene therapy. 

AI-driven data modeling, predictive analytics, smart resource / equipment management and preventive maintenance scheduling are paired with augmented reality tools in Apprentice’s highly collaborative and agile system. Founded by Angelo Stracquatanio, Gary Pignata and Alexandra Buttke, and headquartered in New Jersey, Apprentice helps organizations improve the quality and safety of drug batches while increasing pharmaceutical manufacturing speed in one industry-compliant platform built for the future of pharma.

testRigor

The impact of technology on our lives is undeniable and with more technology comes an accelerating need for testing automation in order to keep up with the speed at which devices are updated. For companies that want their software (and services) to work seamlessly across different operating systems and devices, they must have automated tests that can validate their product against these new environments continuously throughout the development process.

testRigor accelerates automated test creation while eliminating test maintenance. testRigor uses AI to help businesses decrease test maintenance 200X, speed up test creation 20X and empower manual QA to create tests. testRigor solves 3 problems for its customers: empower manual QA to build tests, speed up test creation and reduce time spent on test maintenance. All tests are in plain English and testRigor uses NLP to parse them. 

testRigor also provides an analytics library that can be deployed in production to get analytics about users behavior which then is used to build tests covering most frequently used end-to-end scenarios. This helps to automate more tests which shortens the quality assurance (QA) cycle for web and mobile applications, enabling innovators to get to market faster and alleviating manual processes and the risk of human error. The company was founded by Artem Golubev.

Disruption: AI and the World of the Future

The lament over job share, market share, and general disruption is real, but not full of chagrin. In fact, a future built upon AI-powered technologies clearly has the power to save lives, and to change lives for the better. These companies are only a handful out of a wide population of innovators who are exploring new territories, developing emerging technology, and using the power of AI for good.

 

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