Mumbai Capital

City firm enters big league in artificial intelligence

Vinay Kumar  

Vinay Kumar, founder of Mumbai-based start-up Arya.ai is on cloud nine. His firm, which works in the field of artificial intelligence, became the first Indian start-up to be selected worldwide by French innovation agency Paris & Co as one of 21 companies that do standout innovations.

This comes just six months after Arya.ai was named among the top four next generation technology start-ups at ‘Silicon Valley Forum’ held at Microsoft’s US campus.

Arya was founded in 2013 by Kumar and Deekshith, both researchers at IIT Bombay. The firm has developed software which helps businesses dependent on information gathering and retrieval.

In fact, the very theme of AI is making software that helps machines think like human and do intelligent work.

Arya’s AI platform helps professionals like lawyers and doctors, who need access to a lot of reference material to help them choose the right course of action. “I am from a mechanical and nanotechnology research background, and developing tools to help researchers was an ideal business choice,” says Kumar.

The firm has a 10-member team which includes researchers and scientists in areas such as mathematics and computing. The firm was part of Mumbai-based start-up accelerator program Venture Nursery.

“AI systems can have three main impacts in the form of automation, assistance and management. You can automate customer care, enhance customer experience by using an assistant, for example in ticket booking, and you can use AI for management of, say, traffic or tax,” Kumar adds.

He said the firm will be providing services in both business-to-consumer (B2C) and business-to-business (B2B) enterprises. The firm has been working across verticals like e-commerce, travel and banking and wants to get into other verticals like automobile, military and defence. Kumar declined to disclose names of clients, citing confidentiality agreements.

“In the present generation, information is not a problem. Information explosion is a problem. Humans cannot keep pace with the growing changes in information. Machines do not have such an restriction. If we give machines the intelligence, it can be your personal assistant in all aspects of life across professions including legal and medical ones,” he says.

Kumar foresees a future where everyone would be having an personal assistant or a robot of his own in the next five years. Artificial Intelligence has been a one of the hottest areas for firms across the world.

Last week, India’s IT major Infosys joined Amazon Web Services and a slew of marquee names in Silicon Valley including Tesla’s Elon Musk, Peter Thiel, Reid Hoffman, Y Combinator’s Sam Altman and Jessica Livingston to commit a $1 billion investment to OpenAI, a non-profit artificial intelligence research company.

Firms like Google, Facebook and Amazon have used AI to enhance their business with features like facial recognition.



Arya’s AI platform helps people like lawyers, doctors with access to reference material



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Printable version | Jan 17, 2021 3:15:40 PM | https://www.thehindu.com/news/cities/mumbai/business/city-firm-enters-big-league-in-artificial-intelligence/article7985672.ece

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