OakNorth applications use big data and machine learning to enhance lending effectiveness
OakNorth, a digital banking startup is helping solve the problem of bespoke SME credit by mixing credit abilities with technology and data science-driven by its ML and big data platform, OakNorth Analytical Intelligence. The Framework allows commercial lenders to re-underwrite loans and creates consistency to their credit strategy through the crisis, operating risk analysis on a regular schedule, along with checking all credits more intently - provided that sectors have become increasingly volatile post-COVID-19.
Fashion AI gets a booster shot from pandemic
Gurugram-based TryNDBuy, which was around talks with online showrooms and marketplaces to deploy its computer vision-based virtual tryouts before the pandemic has nowadays gone live with brands like Jack & Jones and Vero Moda, Zalora, a leading fashion e-tailer in Southeast Asia. TryNDBuy shows how a dress coming from any kind of brand's catalog would appear different on the different body shapes and sizes.
Gem & Jewellery Skills Council launches Centre of Excellence for Jewellery Artificial Intelligence & Data-science
The Jewellery and Gem Skills Council of India in deep connection with Persistent Systems & IIT Bombay has launched a Centre of Excellence for Jewellery Artificial Intelligence & Data science Excellence (J.A.D.E.). This first of its type COE will be centered on addressing problems experienced by players throughout the supply chain in the gems and jewelry market in India. Several of the crucial problems that this particular effort is designed to solve via the application of emerging technologies such as AI, ML, and different data science methods include minimizing rejections, enhancing the present bad hit ratio of models, and supplying a high market returns compared to present standards, therefore bringing efficiency.
Artificial intelligence-based Kiko TV raises funds from 9Unicorns, angel investors
Artificial intelligence-based Kiko Tv raises money coming from 9Unicorns, angel investors Kiko TV, a live streaming e-commerce platform founded by IIT Bombay alumni has picked up funds from 9Unicorns and a bunch of other angel investors. The entertainment app by the startup allows online merchants and influencers to make content for advertising, advertising, and sales while allowing a one-on-one live selling session with potential customers. Investors hope that AI-led technology is going to disrupt the social commerce market by using social media's enormous reach for enabling e-commerce.
Vodafone, Idea, Nokia partner to deploy a sensible farming solution
The pilot project is going to be applied across 100 different locations in Maharashtra and Madhya Pradesh to help over 50,000 farmers. As part of the project, more than 400 sensors have been used throughout 100,000 hectares of farmland in the 2 states to gather data points, that are analyzed by a cloud-based and localized wise farming application. The SmartAgri project is designed to enhance the livelihoods of small farmers through sustainable farming methods, applications, deployment of IoT solutions, and boosting their access to useful information, using technology.
'Swarm Drone Technology' an AI-based Indian Air Force Enhances Combat Potential
The Indian Air Force has taken a massive step towards creating an indigenous 'Swarm Drone' technological feature that uses artificial intelligence to enhance its combat capability. On Saturday, the IAF shared pictures of swarm drone exams on the recognized Twitter takes care of, making use of the caption: IAF is leading the way in using Artificial Intelligence to integrate to its battle opportunity. Swarm drones are a crucial example.