Artificial Intelligence (AI) and Augmented or Virtual Reality (AR and VR) are quite easily some of the most promising forms of technology within our modern world, to be rivaled only with blockchain. It may come as no surprise that many brands and industries are scrambling to implement these technologies in their products and services. This year, it is expected that 31% of enterprises will start using Artificial Intelligence. What’s more, according to a survey done by ISACA, 64% of US consumers believe that augmented reality enhancements would benefit the workplace.
In our personal lives, we are also seeing a greater prevalence of these technologies. For example, Google Chrome, which just recently turned 10 years old, uses AI for its Smart reply responses and has also expressed an interest in utilizing AR for the popular browser.
“Say you’re shopping for a couch online and want to see how it would look in your living room. With the power of AR and Chrome, you’d be able to place a virtual rendition of a couch in your living room, right from your smartphone. This is just one example of how more immersive experiences on Chrome could help you get things done faster,” stated Google in a recent blog post.
In addition to this news, Algo.ai, the company connecting Artificial Intelligence (AI), Augmented Reality (AR) and automation to retail and entertainment industries, today announced that it has joined the NVIDIA Inception program. The program is designed to nurture startups aiming to revolutionize industries with advancements in AI and data sciences.
Formerly known as Algomus, Inc., Algo.ai provides an easy-to-use conversational Business Intelligence (BI) and Workflow Automation platform that enables people to work to their full potential by learning to take over tedious and redundant tasks and collaborate using a single source of truth.
The platform uses a wide range of AI and Machine Learning (ML) architectures — including prediction, prescription, time series forecasting, natural language processing (NLP), and robotic process automation (RPA) — to allow for seamless and robust smart human-in-the-loop workflows. With an easy-to-use conversational interface, Algo ensures that users without any background in data science can make data-driven decisions and become more strategic and analytic in their day-to-day tasks.
NVIDIA’s Inception program is a virtual accelerator that helps startups during critical stages of product development, prototyping and deployment. It will provide Algo.ai with expanded computing and development resources to accelerate R&D of specialized deep learning architectures and implementing new ML and AR features into production as they continue to onboard enterprise clients in the retail and entertainment industries in the US and Europe.
Machine Learning is transforming retail and other industries by allowing companies to discover patterns in supply chain data. Algo.ai’s latest customers include powerhouses in the movie and music industries, which bring unprecedented opportunities to develop AI-powered supply chain solutions tailored to the unique and complex supply chain of entertainment and consumer products. Joining the NVIDIA Inception program will further the development of the Algo platform, revolutionizing the way businesses handle inventory levels, supplier quality, and more.
“We’re thrilled to join the NVIDIA Inception program, which supports our mission of advancing the Collaborative Intelligence capabilities of enterprises by allowing humans and machines to work together to produce superior outcomes,” said Amjad Hussain, Founder and CEO of Algo.ai. “The collaboration supports our expansion of Algo into AR applications, ensuring our platform continues to be on the cutting edge and cementing our place as a market leader in our chosen verticals”
