“Every time I hear about it, I think, ‘Sure, that’s cool,’” I said. We’ve listed them below and summarized what it is that they’re trying to do … and why they’ve got our attention. 6 Artificial Intelligence Startups to Watch 1) Bizible In its earliest days, Bizible’s revenue attribution product provided technology to help its customers better assess spending activity and make better decisions. It’s that AI technology, CEO Aaron Bird told GeekWire, that helps marketers “have a good understanding of causality in the past ... in order to do a good job of planning the future.” 2) UiPath New-York-based UiPath is known best for its robotic process automation (RPA) technology -- the kind that helps to automate what can become tedious business tasks, like data entry. Why We're Paying Attention Drones are an area of technology that’s seen mixed results over the past decade. Here’s a peek at how it works: Why We're Paying Attention Information overload is a problem that doesn’t seem to be going away -- at least, not anytime soon. Our hope: The Deep Audience becomes available and applicable to marketers within industries beyond entertainment. All Turtles is actually a self-described "AI startup studio" that provides guidance and other resources to founders of companies within this sector. Why We're Paying Attention The act of AI startups receiving funding isn’t exactly rare news -- after all, that’s how we found out about many of the companies on this list. Types of Intelligence What stands out to us about many of the companies listed here is the potential impact their work could have on a number of populations.
The other day, I was airing some grievances to a friend. The whining topic du jour: artificial intelligence, or AI.
“Every time I hear about it, I think, ‘Sure, that’s cool,’” I said. “But sometimes I wish it would slow down — there’s so much happening there, and so fast.”
“Well, I have bad news for you,” my friend told me. “It’s not going away anytime soon.”
He was right. AI continues to be all the rage in the worlds of both tech and business, and is growing at a lightning-fast pace. At the most recent Google I/O, an entire suite of new AI-related product features were unveiled. Microsoft, meanwhile, launched an entire investment arm dedicated to this type of technology. And as research from CB Insights indicates, in 2016, over 500 AI startups raised roughly $5 billion in funding.
But which ones are going to stick around?
We thought you might ask that — that’s why we sought out the six that have piqued our greatest interest. We’ve listed them below and summarized what it is that they’re trying to do … and why they’ve got our attention.
6 Artificial Intelligence Startups to Watch
1) Bizible
In its earliest days, Bizible’s revenue attribution product provided technology to help its customers better assess spending activity and make better decisions. Now, its new revenue planning product uses machine learning to help B2B marketers plan for every revenue-related scenario. Think: The product crunches the historical revenue attribution data to help predict what GeekWire calls “‘what if’ scenarios — like increasing marketing spend … or reducing event sponsorship budgets.”
Why We’re Paying Attention
We love it when companies examine what they already do best and say something like, “Wait a minute — we can use this information to make something even better.”
In Bizible’s case, that was the marketing expenditure data it already organized and helped customers analyze. The next step, the company decided, was to help marketers make even better use of that data — with the help of intelligent algorithms that predict the results of a given current spending track, and provide budgetary alternatives that address the aforementioned scenarios.
It’s that AI technology, CEO Aaron Bird told GeekWire, that helps marketers “have a good understanding of causality in the past … in order to do a good job of planning the future.”
2) UiPath
New-York-based UiPath is known best for its robotic process automation (RPA) technology — the kind that helps to automate what can become tedious business tasks, like data entry. As PYMNTS explains, eliminating the need for human labor on such processes can help “companies save money by offloading these tasks from human contractors.”
Why We’re Paying Attention
To be completely honest — the type of technology being created by UiPath scares us a little. The potential drawback of human job elimination by way of AI continues to be a hotly-contested topic, and while it does make us slightly shake in our boots, we can’t help but be fascinated by the companies that throw their respective hats into that particular automation ring.
But we also find ourselves drawn to the UiPath Academy — a “free of charge, self-led online learning environment where anyone in the world can enroll and train to obtain a UiPath RPA certification.” The point of that certification? Creating more RPA experts that can help companies implement and make the best use of technology like UiPath’s.
From a certain perspective, that could be…
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