How This Startup Is Building A Language Understanding Engine. Bangalore-based Vernacular.ai is aiming to resolve by automating a large chunk of non-productive calls over voice.
According to Research and Markets reports, Artificial Intelligence for speech recognition market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~65.17% during the forecast period (2019-2024) and is expected to reach a value of INR 14.61 Bn by 2024.
The increasing demand for smart speakers and voice-enabled devices, coupled with rising penetration of speech recognition technology in customer care services are driving this growth, further stimulating development and innovation in the space.
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Using speech to text technology, Salesken analyses every conversation a sales rep has. With the help of analytics and AI, the tool surfaces cues or talking points for the rep to navigate the conversation better. All these occur in real-time while the rep is talking to their customers.
Teaching machines to understand human context can be a daunting task. With the current evolving landscape, Natural Language Processing (NLP) has turned out to be an extraordinary breakthrough with its advancements in semantic and linguistic knowledge.NLP is vastly leveraged by businesses to build customised chatbots and voice assistants using its optical character and speed recognition
With a vision of providing cloud to companies regardless of their sizes, Bengaluru-based startup G7CR Technologies is utilising AI and machine learning to be one of the leading cloud-managed service providers in India.
Voice AI is significantly one of the most promising implementations in the healthcare sector. It works as a transformational tool that redefines the traditional process of making prescriptions, connecting, and engaging with the patients.