Senseforth.ai’s Post

India is home to more than 70 Gen-AI startups, which raised $440 Mn+ between 2019 and Q3 2023 — here’s a breakdown of who’s who in the sub sectors 👇 🔹 According to Inc42’s latest report — India’s Generative AI Startup Landscape, 2023 — the country’s Gen-AI market is projected to surpass $17 Bn by 2030 from $1.1 Bn in 2023. This meteoric rise is attributed to the innovative prowess of India’s Gen-AI startups — with 1 in every 3 focussing on the code and data segment, laying the foundation for AI-driven solutions. 🔹More than 80 Indian institutional investors are backing these startups and propelling India’s GenAI ecosystem into the global spotlight. 🔹India’s Gen-AI products also stand out for their versatility. Around 81% of these are sector-agnostic, ensuring their usage across industry segments. 🔹The adoption of artificial intelligence in India surpasses both the US and the global average. According to the 2022 IBM Global AI Adoption Index, India has an adoption rate of 57%, while the international and the U.S. rates stand at 25% and 34%, respectively. The Gen-AI market in India is at the intersection of innovation, entrepreneurship and technology growth. What are your thoughts on this burgeoning sector? 💭 #generativeai #ai #startups

In the world of customer service, every second counts.    A UK insurer grappled with extended wait times and a perpetual quest for information. Enter Fractal, introducing Senseforth.ai GenAI Knowledge Assist, swiftly reduced response times and heightened precision. Within a mere 8 weeks, this implementation transformed their customer service landscape.    Explore the link in the comments for further insights into the solution and its profound impact. #GenAI #AIInnovation #FutureOfInsurance