Top 10 Fastest Growing Artificial Intelligence Companies To Watch In 2022
Artificial
Intelligence is one of the revolutionary technologies at the core. While it can
help many businesses to
scale up their operations, it also has the power to topple over any business.
Organizations that have been able to
positively leverage the power of AI have become phenomenally successful in the
market.
Achievion is one such
organization.
Backed
by the statement – Achieve the impossible with the power of AI – Achievion
promises to deliver smart
AI-powered web and mobile solutions. These solutions help organizations achieve
previously impossible goals
and keep them ahead of their competitors.
Founded
in 2013, Achievion was based on two major principles:
1. Designing elegant solutions for complex technical problems: “We understand
the power of simplicity and
want to make sure that each new product we design is for the long-term success
ground up.”
2. Help every product win: “We achieve (hence Achievion) this principle by
focusing on the entire end-to-end
delivery process in opposition to the development phase alone.”
But this is not all. The company has five pillars of belief named ‘our
manifestos.’ The five pillars include—
1. Anything is Possible with AI
2. Generate ideas to add business value to the product
3. Come up with elegant solutions to complex problems
4. Become a reliable partner to the client
5. Work hard but Work Smart
“Our
practical applications of AI create disruptive new products and enhance
existing business systems. We
leverage
AI technologies to take your company to a whole new level of intelligent
automation.” Says Alex
Jacome, CEO.
Achievion does all this with its branded delivery process that allows them to
make these principles a reality.
With this process in place, Achievion has designed and delivered sophisticated
web platforms and smart mobile
apps for its clients in various sectors and industries, including Healthcare,
Entertainment, Non-Profit, and
Government.
Talking about the current trends that will impact artificial intelligence, Alex
Jacome revealed that conversational
AI would see significant growth in size.
“It will triple from $6.8 billion to $18.4 billion. We have built our chatbot
solution to assist businesses with
needs,” said Alex Jacome.
Another trend that will impact the artificial intelligence arena is Ethical AI.
Citing the 2019 Edelman Trust
Barometer report, Alex Jacome revealed that more than 80% of consumers were
loyal to ethical organizations.
In addition, more than 90% of the consumers whose Salesforce surveyed for its
Ethical Leadership and
The business survey said that organizations must make sure that they positively
impact society.
These
sentiments of consumers about business ethics form the foundation for Ethical
AI. Ethical AI is a
relatively new concept and takes on the ethics involved in using artificial
intelligence by both businesses and
individuals.
“Achievion
is part of the government Advanced Technology Academic Research Center (ATARC)
group that
focuses on developing AI standards and making recommendations for methods to
increase efficiency and reduce
cost using cutting-edge AI solutions.” Says Alex Jacome, CEO.
Owing
to their expertise in delivering AI-powered solutions, the team Achievion was
invited to be an active
participant in the group operation. Alex Jacome has joined the board of ATARC
as an important member. was
formed with the goals of
● Developing the AI
playbook to help federal agencies successfully delivering of AI-powered
initiatives
● Not only defining AI
sub-categories but also developing best practices for each one
● Identifying the best
contract vehicles, the government can use to procure AI/ML services, products,
and
solutions.
In
short, ATARC has developed the standard for building ethical and explainable
AI.
While all this is under Ethical AI, Alex Jacome pointed out that the Enterprise
metaverse will become a reality due to. Achievion has developed vast expertise in the AI-powered Computer
Vision area, and the team is ready to assist organizations with leveraging this technology and preparing for the
future.
Speaking about the challenges faced by AI space and how Achievion is addressing
those issues effectively, Alex Jacome said, “Only 50% of AI projects succeed. However, our ACHIEVE process
allows increasing this number
to 90%.”
Our
ACHIEVE process comprises seven steps, and they are as follows:
● Analyze the business
model and assemble system requirements.
● Chart the course through
strategy and roadmap development.
● Harness expertise in
data exploration and prepare technical specifications
● Incorporate intelligence
and elegance into UX/UI design.
● Excel and outclass in
product development and ML model training.
● Verify and validate
through extensive testing.
● Ensure product success
with a warranty and ongoing maintenance and support.
Further,
Alex Jacome said, “AI projects are ravenous for data. If a company doesn’t have
access to large
datasets, it becomes impossible to achieve good accuracy with AI engine
training. The synthetic data
generation process helps overcome this limitation. We will continue to improve
our AI toolset to leverage this
approach and help companies that lack the massive amount of data come up with
solid AI solutions.”
Achievion goes by the statement – Achieving the impossible with the power of
AI. And in that regard,
Achievion Solutions delivers intelligent web and mobile solutions powered by AI
to help organizations achieve previously impossible goals.
“Our AI-focused delivery process – ACHIEVE – ensures the success of every AI project. And our AI Accuracy The guarantee provides an extra level of confidence in the final product. We offer the following services – AI Strategy Consulting, AI Product Development, and AI Enablement. Add a brief description for each,” said Alex Jacome. Elaborating, Alex Jacome said. “AI is a large discipline, and we focus on the following areas and solutions:
● Conversational & Human
Interaction (chatbots, voice assistants, NLP)
● Computer Vision &
Recognition (object and text recognition, gesture detection, synthetic data
generation)
● Predictive Analytics
(forecasting, behavior prediction, intelligent data search)
● Hyper-personalization
(personalized product or service matching, content generation)
● Pattern & Anomaly
Detection (fraud detection, risk analysis, intelligent monitoring)
● Goal-Driven Systems
(scenario simulation, resource optimization, problem-solving).”
Some of
the prominent case studies include
● Document categorization
service for Document Management systems in the construction industry.
● Novel drug allergy,
non-response, and side effects prediction based on ML algorithms.
In the two case studies, Alex Jacome said, “In the first case study, our
cloud-based solution achieved 98%
accuracy in the classification of both hand-written and typed documents. It
significantly reduced the manual burden on the end-users and brought client software to the next technological level powered
by AI. And in the second case study, our AI-powered software increased the treatment efficiency of
several widely spread diseases by decreasing the side effects risk.”