25 startups are already a part of IBM India’s initiative of building local solutions through its IBM cognitive systems AI community. Their main objective is to create a portfolio of real-world solutions aimed at cutting costs and improving efficiencies for enterprise clients.
The company launched this India-specific initiative in April and is creating solutions across different categories.
IBM would essentially help startups with hardware and technology requirements, and provide market access.
“Digital transformation is opening up channels to communicate with clients and a lot of data is available in the public domain. Companies want to harness the maximum information out of the available data. Businesses want to get value out of their data and either use AI and ML to infuse more efficiency into the process or use similar technologies to try and segment their market better,” said Ravi Jain – Director, Systems Hardware, India-South Asia, IBM.
IBM currently has over 20 use cases across segments, including video analytics for post-COVID-19 back to work, underwriting for insurance, and e-Know Your Customer (e-KYC) norms, among others, and is adding more.