A week into Conventus’18 where IMI New Delhi saw some of the best industry stalwarts come and put forward their valuable insights on innovation, the question we all have in mind is whether the boon from innovation would really trickle down to the lowermost sections of the Indian demography. The new age Indian startups are mostly tech-based and are working towards catering the needs of the emerging middle class of India in its urbanized clusters. Whether it is the e-commerce platforms, car rentals or food delivery services for that matter, the unicorns of the Indian startup ecosystem are mostly reaching out to the consumers in Urban India. Moreover, most of these unicorns have high funding from foreign Venture capitalists and banks to run their operations. This brings forth the long-term debate of the Make in India versus the Make for India initiative. Continue reading “Startup Sunday Season 3 Episode 11 (Immediate need for Agri-tech startups in India)”
Artificial Intelligence is the hot topic everyone is talking about today. But what is Artificial Intelligence? Artificial Intelligence is a part of computer science that aims to create intelligent machines. But there is much more to it than meets the eye.
“A year spent in artificial intelligence is enough to make one believe in God.” —Alan Perlis
Attentive AI is one such entrepreneurial venture which using their own AI aim to meet the needs of the remote sensing industry to generate actionable insights on a daily basis. Getting confused, let’s simplify it. Remote sensing is the science of obtaining information about object or areas using aircraft or satellite-based sensor technologies. So according to the people at Attentive AI there are trillions of pixels of raw data that exists out there waiting to be processed. Even if the population of the entire planet was to analyze this data it would take an eternity. But processing this data and extracting insights from it requires a human-like accuracy. Attentive AI was founded on this premise developing Artificial Intelligence Systems that made it possible to analyze petabytes of remote sensing data, converting it into accurate insights with minimal human effort. They create geospatial data which is data that gives information about a physical object in the form of numerical values on a geographic coordinate system like roadmaps for their clients.
The Human Mind has always baffled many scholars, researchers, scientists and philosophers for its sheer ability to think and perceive the unimaginable. Sir Albert Einstein once famously quoted, that “Logic will take you from A to B. But Imagination can take you everywhere”. To what extent this quote is valid can be judged by the way that humans have evolved only through innovation over the centuries. From lighting fire to producing nuclear energy and from making wheels to sending the man on the moon, we have practically achieved a lot as a species. Human race over the generations has been blessed by such thinkers, philosophers, and innovators who have challenged and disrupted their time and have come up with discoveries and innovations that none could imagine then. Even today we have visionaries, who with their imaginative minds cross all the boundaries that bind a normal person, to create a better world for those living therein.
When we talk about visionaries, one such person who has changed the way multiple industries work is Elon Reeve Musk. Born in Pretoria, South Africa, Musk’s journey in becoming a visionary and an entrepreneur started at the age of 12 when he created Blaster, a BASIC-based video game, and later sold it to a Magazine known as PC and Office Technology, for approximately $500. Later being inspired by The Hitchhiker’s Guide to the Galaxy by Douglas Adams, Musk believed that the Internet, Renewable Energy and Space Travel would be having the biggest impact on the lives of the people worldwide. This week’s Startup Sunday would thus feature the journey that Elon Musk took as an individual to establish three very different ventures and how he built those enterprises from scratch with a never say die attitude. Such an undying spirit was the result of his conviction to his own ideas.