AI Innovations, Game-Changing Startups, and Industry Insights

AI Innovations, Game-Changing Startups, and Industry Insights

“The AI models are as good as the data they are based on.”?

Due to old techniques that are unable to keep up with the ever-changing needs of the market, many firms find it difficult to obtain good returns on their digital transformation efforts. This results in inefficiencies, subpar client experiences, and lost chances for expansion.?

The AIM Research newsletter for this week includes a variety of AI and data leadership themes. The CEO of Sankey Solutions, Shobha Patil, discusses optimizing return on investment through AI-enabled digital transformation. The newsletter also covers the emergence of physical AI firms, showcases many generative AI advancements from companies such as Arhasi, Arist, Snowflake, and RealPage, and spotlights Abridge's $150 million Series C financing for AI-driven healthcare documentation. It also advertises the forthcoming CDO Vision Dallas event, which will bring together Chief Data Officers and include panel discussions with speakers from well-known generative AI firms covering a range of generative AI topics.


Maximizing ROI through AI-enabled Digital Transformation

“I do agree that AI is a buzzword, but as a technologist, I see the full potential that AI has.”

In this interview, CEO of Sankey Solutions Shobha Patil discusses how AI helps optimize return on investment (ROI) in digital transformation by improving decision-making, streamlining workflows, and customizing interactions with customers. According to Shobha, it's critical to match AI with business objectives, start modest, quickly-win initiatives to show value right away, then scale projects according to performance. She also emphasizes the necessity of constant improvement and human supervision to guarantee precision and moral principles, therefore fostering trust in AI's capacity to promote long-term success.


Read more here: https://aimresearch.co/cdo-insights/maximizing-roi-through-ai-enabled-digital-transformation-with-sobha-patil


Abridge’s New Funding Set to Reduce ‘Pajama Time’ for Doctors

Imagine a world where doctors no longer spend their nights buried in paperwork but instead focus on saving lives and improving patient care. That’s the transformative promise of Abridge, a healthtech innovator poised to revolutionize the healthcare industry with its latest $150 million Series C funding. Founded by Dr. Shivdev Rao, Abridge's AI-driven platform converts patient-clinician conversations into real-time, structured clinical notes, dramatically cutting down the time spent on administrative tasks. With major health systems like Yale and Emory on board, and exciting new features such as multilingual support and seamless Epic integration, Abridge is turning the drudgery of “pajama time” into a thing of the past.?


Read more here: https://aimresearch.co/market-industry/abridges-new-funding-set-to-reduce-pajama-time-for-doctors


Physical AI: The Next Big Breakthrough, Led by These Startups

Physical AI companies are entering the market to offer creative solutions as businesses confront more and more difficulties including labour shortages, growing expenses, and the need for increased efficiency. This listicle showcases American firms that are leading the way in physical AI, providing cutting-edge developments in automation, robotics, and human-machine cooperation. These businesses are developing novel technologies that will revolutionize industrial operations and human-machine interaction by 2024. These technologies range from humanoid robots that bridge the skills gap in the workforce to AI-driven systems that improve defense and healthcare capabilities.


Read more here:?https://aimresearch.co/ai-startups/physical-ai-the-next-breakthrough-led-by-these-startups


Generative AI Innovations

1- Snowflake's AI Tool Promises to Make Your Data Talk—And It’s 90% Accurate

Snowflake has unveiled Cortex Analyst, a public preview service that lets users interact with their data through a conversational interface. This tool translates plain English questions into SQL queries, handles data processing, and delivers precise answers. Baris Gultekin from Snowflake explained that the system identifies and clarifies ambiguous questions before generating and validating SQL queries with large language models to ensure accurate results.

2- RealPage Introduces Generative AI Across Its Real Estate Software Platforms

RealPage has integrated generative AI into its platform solutions through its Lumina? AI Platform, announced at RealWorld 2024. This addition aims to tackle challenges in the rental housing industry, such as rising costs and high staff turnover, by enhancing automation, engagement, and insights. CEO Dana Jones highlighted the significant value this technology will bring, promising to reduce costs and simplify property management, ultimately benefiting both property managers and residents.

3- AI Startup Arhasi Introduces AI Analytics Agent, Bridging Enterprise AI and Compliance

Arhasi has launched its AI Analytics Agent, a tool built on its R.A.P.I.D. platform to enhance AI adoption with a focus on security and compliance. This new tool provides real-time insights from data lakehouses and integrates with major platforms like BigQuery, Snowflake, and Databricks. Founded in 2023 by Chiru Bhavansikar, Arhasi is offering early access to select users, including full access for 30 days, exclusive features, and direct support.

4- Arist Unveils AI Course Creator: A Game-Changer in Training and Enablement

Arist, a leader in mobile adaptive learning, has unveiled its AI Course Creator, a groundbreaking tool that revolutionizes the creation and delivery of training materials. This innovation slashes training launch times by over 95%, setting a new standard for productivity in corporate learning. Ryan Laverty, CEO of Arist, described the AI Course Creator as “the most powerful course creation AI ever built,” now available for a free trial.


CDO Vision Dallas

Come network with over thirty Chief Data Officers at our amazing event on August 23 at the Fairmont in Dallas. In the heart of Texas, partake in lively conversations about significant business topics related to artificial intelligence (AI) over a private lunch. You definitely don't want to miss this if you're in Dallas. The CDO Vision Dallas event features prominent speakers from leading AI and analytics companies. Bhaskar Kalita, Global Head of Financial Services & Insurance at Quantiphi, Kamlesh Singh, Regional Sales Head at Tiger Analytics, Anshuman Pandey, Co-founder and CEO of Tune AI, and Varun Vemula, VP Digital and AI Transformation at Aztra AI, are among the distinguished individual speakers.

The event includes four insightful panel discussions. "Blind Spots in Generative AI" explores challenges in scaling AI initiatives, featuring experts Liladhar Bagad (Inogen), Michael Parris (Texas Health Resources), Chetan Alsisaria (Polestar), Kamlesh Singh (Tiger Analytics), and Kalyana Bedhu (Fannie Mae). "How to Monetise Generative AI" discusses strategies for leveraging AI-generated content, with panelists Arun Shastry (Marsh), Satheesh Ramachandran (Charles Schwab), Bhaskar Kalita (Quantiphi), Varun Vemula (Aztra), and Ram Chandra (Toyota). "The Advantages of Small Language Models Vs. Large Language Models" examines the benefits of smaller AI models, with speakers Arjun Srinivasan (Wesco), Priya Reddy (Reprise Financial), Anshuman Pandey (Tune AI), Ayodele Damola (Ericsson), and Kathleen Williams (Celanese). Lastly, "Generative AI – Basics, Pitfalls, and Best Practices" is moderated by Amaresh Tripathy from Auxo AI.

The CDO Vision Dallas event is supported by six platinum sponsors: Quantiphi, Tiger Analytics, Tune AI, Aztra AI, Polestar, and Sigmoid.?


Until next time,

Cheers,

Anshika Mathews

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