The utilization of AI is swiftly emerging as a significant catalyst for businesses on a global scale, as it facilitates data-informed decision-making and amplifies efficiency across diverse sectors. Anand Mahurkar, the founder and CEO of Findability Sciences, recently expounded on the escalating integration of AI in Indian companies and the company’s state-of-the-art resolutions to streamline operational processes.
As per Mahurkar, Indian companies are surpassing their counterparts in the US and Japan in AI integration, owing to a heightened cognizance of AI technologies and the availability of internal resources within organisations. Findability Sciences, a vanguard in the AI revolution, has introduced its Business Process Co-Pilots (BPCs) to augment operational processes with AI tools, with the goal of unlocking new levels of efficiency for business expansion.
In a recent interview with Indianexpress.com, Mahurkar elucidated on the company’s BPC solution, which harnesses natural language processing, optical character recognition, and extensive language models such as IBM Watson to automate and optimize content-centric operational processes. He underscored that BPC functions as a co-pilot rather than an autopilot, aiding businesses in managing the copious volumes of documents involved in their content-centric operations. This mechanization process has markedly reduced the duration of specific business processes, resulting in expedited product launches and augmented revenue.
Findability Sciences also offers an AI-driven solution named Enterprise Forecasting, which employs supervised machine learning algorithms and proprietary algorithms to furnish predictive insights to companies. Mahurkar accentuated the self-learning capabilities of this technology, enabling it to derive knowledge from historical data and forge numerous self-learning models to prognosticate outcomes with enhanced accuracy. This system furnishes invaluable insights into future trends, empowering organisations to make informed decisions supported by data across a myriad of business domains.
In addressing the adoption of AI in India, Mahurkar expressed confidence in Indian companies’ capacity to spearhead AI integration. He specifically cited India’s technological talent as a paramount factor, prompting the company to establish its development centre in Maharashtra to harness this reservoir of talent.
In response to apprehensions regarding data security and governance, Mahurkar affirmed the implementation of robust frameworks to safeguard data privacy and integrity. The company extends isolated implementations for each clientele, ensuring the security and confidentiality of their data.
When prompted about concerns pertaining to employment displacement due to AI integration, Mahurkar underscored the significance of the ‘ECM strategy’ – education, communication, and motivation. He stressed the imperative of education and communication to dispel the notion that AI seeks to replace jobs, but rather aims to elevate productivity and streamline operations.
The insights imparted by Anand Mahurkar have shed light on the pivotal role of AI in propelling business expansion and efficiency. With Findability Sciences at the forefront of AI innovation, businesses can aspire to AI solutions to make well-informed, data-driven decisions for sustainable growth and efficiency.