AI-Driven Business Transformation | Findability Sciences Insights | Get Candid with Chitvan | NewsX

Introduction

In a recent episode of the podcast "Get Candid with Chitvan," host Chitvan had the opportunity to speak with Mr. Anand Mahurkar, the Founder and CEO of Findability Sciences. The discussion centered around the company’s remarkable journey since its inception in 2010 and its pivotal role in the realm of AI, particularly in driving business transformation.

The Journey of Findability Sciences

Anand Mahurkar began by recounting the story of how Findability Sciences came to be. The idea originated in 2010 while he was working on a challenging data warehouse project that did not meet client expectations. Realizing that the client’s primary need was not merely for business intelligence or data warehousing but rather for the ability to find information, he coined the term "findability." This laid the foundation for a company that initially focused on data services, connecting internal data with external data, and eventually led to the development of AI solutions by 2014.

Today, Findability Sciences has evolved considerably, offering a comprehensive AI stack covering both discriminative and generative AI. With a team of around 200 professionals, the company collaborates with over 60 corporations across the globe, including prominent markets in the United States, India, and Japan.

Integrating AI for Business Transformation

Anand emphasized the importance of digital transformation in today’s business landscape, which goes beyond mere digitization. For instance, by leveraging machine learning and AI, Findability Sciences has developed solutions that help organizations transform their business processes. One notable product is the Business Process Co-Pilot, which utilizes machine learning to learn business processes and enhance efficiency.

A specific example shared was their work with medical device companies, where their AI technology streamlines regulatory approval processes. Instead of the traditional lengthy timelines for regulatory submissions, the AI model can generate necessary documentation in seconds, significantly expediting the approval process.

Enhancing Client Experience with Intelligent Assistants

Findability Sciences focuses on intelligent assistants and AI co-pilots that greatly enhance the decision-making capabilities for their clients. The AI solutions can provide instant answers to complex questions by accessing a vast reservoir of internal and external data, thereby eliminating reliance on traditional business intelligence tools that require extensive manual reporting.

Anand also highlighted the company's innovative approach to data curation, which is fundamental for successful AI implementation. By developing a framework known as CUP (Collection, Unification, Processing), they emphasize the importance of high-quality, accessible data.

Using AI to Remain Competitive

In achieving competitiveness, particularly for large enterprises like Fortune 500 companies, Anand explained that the right AI solutions can forecast business conditions and advise on actionable strategies. Findability Sciences helps these organizations foresee market changes and adapt their operations accordingly. The dual focus on forecasting and automating business processes provides their clients with a robust framework for strategic decision-making.

Emerging Trends in AI

The conversation touched on the rapid evolution of AI technology, particularly within the enterprise sector. Anand noted that while many technologies only report past events, AI can now predict future outcomes, enabling businesses to plan strategically. Moreover, there is a growing trend towards combining internal data with external data to provide comprehensive insights.

Challenges and Future Aspirations

Anand discussed notable barriers companies face when implementing AI solutions, emphasizing challenges around data availability, quality, and governance. To address these issues, Findability Sciences invests time in educating clients about AI and streamlining data processes.

Looking ahead, Anand expressed his optimism about India becoming a global leader in AI innovation. With ongoing projects and a focus on developing solutions tailored for global enterprises, Findability Sciences is poised for significant growth in the coming years.

Conclusion

The conversation conveyed a clear message: in an evolving technological landscape, leveraging AI for business transformation is no longer an option but a necessity. Findability Sciences is at the forefront, guiding organizations through this digital evolution to harness the true potential of AI.

Keywords

AI, business transformation, Findability Sciences, digital transformation, machine learning, intelligent assistants, business process co-pilot, data curation, forecasting, enterprise AI, regulatory affairs.

FAQ

1. What is Findability Sciences?
Findability Sciences is an AI company focused on integrating data and technology to drive business transformation.

2. How does Findability Sciences approach business transformation?
The company uses machine learning and AI solutions to automate and enhance business processes, moving beyond simple digitization to comprehensive transformation.

3. What is the Business Process Co-Pilot?
It is a machine learning solution that learns business processes, enabling organizations to streamline operations and improve efficiency.

4. What are common barriers to AI adoption?
Challenges include data availability, quality issues, and a lack of understanding about AI capabilities among decision-makers.

5. How does Findability Sciences help large corporations?
By providing AI solutions that enable effective forecasting and automating business processes, helping them remain competitive in the global market.