AI may be the king of all businesses in the upcoming years...why?
Why are AI(Artificial Intelligence) startups getting sold like hot cakes?
AI startups are getting sold like hot cakes because they are building products, which are capable of solving business problems as efficiently (or even better) than human beings in various aspects. Large scale automation and Internet of Thing enabling a world of limitless possibilities.
These startup ideas are innovative. These people are thinking ahead of time. With an awesome product, they may fail to create a large impact, but backing of a giant tech shark provides them access to much needed resources.
The recipe of building such products come from machine learning. Yes, using data and machine learning, even you can also build a program, which trains, learns and deliver results better than humans. But, it’s not easy. Had it been easy, every other block in your neighborhood would be prospering with an AI startup. Let’s look at some of the problems being solved by AI startups:
(Or say the ideas that you should focus to bulid your startup-)
Recognizing characters from an image
Improving voice recognition in native languages
Detecting malicious patterns in web applications
Creating driver-less vehicles
Predicting stock performances with better accuracy
Speech translation
Developing intelligent chat bots
Build games which challenges human intuition
Improving efficiency of product deliveries
Detecting fraudulent behavior in humans (customers, employees)
Detecting human diseases or epidemic
Improving user experience on Internet
and, there are many others.
Clearly the data shows many people simply lack any natural intelligence. If you can come up with an AI system that can actually gives people intelligence, you can become very rich! (especially if the system can allow them to become even smarter/wiser by purchasing your AI upgrades)
Does this inspire you to start your own AI startup?
Trust me, timing couldn’t have been better. If you are into Machine Learning, you already know the potential of what you are working on. If you are still not building products on top of your models, you are in a similar situation as that of a kid with a key. The child is fascinated by the looks of the key and they does not open the door in front of him.
Below is the list of top 10 startups which I feel has an incredible product to offer and they can actually make BIG:
1. H2o.ai
2. DataRobot
3. Ayasdi
4. iCarbonX
5. Butterfly Network
6. Skytree
7. analyticsMD
8. Darktrace
9. 6Sense
10. X.ai
At the end of this article I want to say If you were also thinking to solve challenging problem, think AI, who knows your idea might get noticed by YCombinator accelerator program.
** Extracted from trusted resources
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