How Indian Startups Are Adopting AI And Real-Time Data To Drive Rapid Decisions
AI is entering a new and transformative era. The shift from traditional AI and ML to GenAI and streaming analytics is more than a technical leap. It has led to a full-blown business reinvention. Enterprises operating can act faster, decide smarter and enhance customer experience to hold a competitive edge. Startups, in particular, are harnessing the combined power of GenAI and real-time data analytics to accelerate innovations and disrupt incumbents.
As companies increasingly adopt AI-GenAI and its many variants, they rapidly shift from experimentation to action. According to a McKinsey survey, 78% of respondents say their organisations use AI in at least one business function, up from 72% in early 2024 and 55% a year earlier. Also, 71% of respondents report regular use of GenAI in marketing and sales, product and service development, service operations and software engineering. Similarly, per a PwC report on AI Business Predictions, 49% of technology leaders say AI is fully integrated into their companies’ core business strategy, and a third report full integration into products and services.
These trends prove the growing dominance of AI in driving business success in today’s economy.
To decode the power of AI and real-time data insights, Inc42, in collaboration with the data streaming platform Confluent, recently organised a roundtable in Bengaluru as part of its ongoing knowledge series — Executive Boardroom: Harnessing Data For Growth. The second edition of the roundtable brought together 14 tech leaders from diverse industries such as insurance, ecommerce, automotive, software development, artificial intelligence and more. The discussions centred around the key theme – How Indian Startups Are Adopting AI And Real-Time Data To Drive Rapid Decisions.
Sameer Dhanrajani, founding partner of MIRAI Ventures and CEO of 3AI, moderated the session.
Among the participants were:
- Alok Mishra, cofounder & CTO, Goodmeetings
- Shashi Kiran. H, head, AI & application engineering, Altigreen Propulsion Labs
- Mayank Satnalika, director, AI & engineering,........
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