Mumbai: At the Puravankara Ltd booth at a property exhibition in Bengaluru last month, two humanoid robots recorded visitor data and their queries, partially replacing usual sales staff at the reception. For the real estate firm, which fielded these robots developed by technology firm Invento Markerspaces Pvt. Ltd, the experience was positive. "Instead of 10 young boys/girls manning the reception, this time we just had three," said Anand Narayanan, chief operating officer, Puravankara. For the Bengaluru-based real estate firm, those humanoids are part of a larger plan to completely'dehumanise" its sales process, build a strong data of potential homebuyers and sell homes completely online by 2020, Narayanan said.
Bengaluru-based artificial intelligence startup Niki.ai has raised Rs 3 crore in a new round of funding led by Haresh Chawla, a partner at India Value Fund Advisors (IVFA). Existing investor Ronnie Screwvala's Unilazer Ventures also participated in this round, the startup disclosed in its ROC filings. Both Chawla and Screwvala had not responded to mails sent by Techcircle at the time of filing this report. This is the third time when Unilazer has invested in Niki.ai, which is owned and operated by Techbins Solutions Pvt. Ltd. In May, Mumbai-based Unilazer, along with Rata Tata, interim chairman of Tata Sons, made an undisclosed investment in the firm.
Newer technologies like AI, Machine learning or blockchain will together boost the IT staffing industry creating new jobs. According to ISF report on IT Staffing Industry Landscape, Karnataka, Maharashtra and Delhi NCR are the top 3 states that dominate the IT Flexi Staffing Industry in India. Karnataka dominates the IT Flexi Staffing market standing at $1.05 billion followed by Maharashtra at $0.48 billion and Delhi NCR at $0.23 billion. With the rise of technologies such as cloud computing, artificial intelligence, IoT, Big data and machine learning, the demand is growing for new technology-based services. Mobility and cloud computing each standing at 63 percent are in maximum demand followed by cybersecurity at 53 percent and analytics at 51 percent - they comprise the top technology drivers across organisations for their proficient functioning.
This edition of the conference on'Financial Evolution AI, Machine Learning & Sentiment Analysis' by UNICOM Seminars interrogates and explores the implications of AI & ML in the financial services industry. Artificial Intelligence and Machine Learning (AI & ML) and Sentiment Analysis are said to "predict the future through analysing the past" – the Holy Grail of the finance sector. They can replicate cognitive decisions made by humans yet avoid the behavioural biases inherent in humans. Processing news data and social media data and classifying (market) sentiment and how it impacts Financial Markets is a growing area of research. The field has recently progressed further with many new "alternative" data sources, such as email receipts, credit/debit card transactions, weather, geo-location, satellite data, Twitter, Micro-blogs and search engine results.
The theme is'Innovation and Impact', and the event will include multi-track conference, business-to-business expo, thought leaders conclave as well as opportunity for startups to showcase their innovations. Chief Minister H.D. Kumaraswamy said Bengaluru has emerged as one of the top global innovation hubs in the league of Tokyo, Silicon Valley and Tel Aviv. "Bengaluru Tech Summit will provide a platform for knowledge-sharing on emerging technologies such as Blockchain, AI (Artificial Intelligence) and robotics," said Mr. Kumaraswamy in a statement. "The event will provide an excellent opportunity to both industry and stakeholders to connect with the best minds to explore how to fuel their business growth," said K.J. George, Minister for Large and Medium Scale Industries, IT, BT and Science and Technology, Government of Karnataka, in a statement. Kiran Mazumdar Shaw, CMD, Biocon Limited; Chairman, Vision Group on BT, Govt of Karnataka said, "I am eagerly looking forward to the summit this year and the technology disruption it promises to showcase."