Artificial Intelligence gives machines the power to think, learn, and act as a human could, which means they can understand the world around them, learn, and make decisions, and then take the appropriate action. To do all of this AI needs data and lots of it for that matter. And the reason AI is part of the Fourth industrial revolution is that we have data, due to digitalization we have data more than ever before.

2.  Throughout history, the world has witnessed 3 industrial revolutions:
 There was the first industrial revolution which began in the 18th century
which was centralized on the usage of steam/water as power. Then there
was the second industrial revolution which began in the 19th century
through the discovery of electricity. The third industrial revolution came
in the 1970s with the era of partial automation and computers began.
 Currently, we are in the midst of the fourth industrial revolution which
is driven by artificial intelligence.
 What is significant about artificial intelligence?
 Artificial Intelligence gives machines the power to think, learn, and act as
a human could, which means they can understand the world around
them, learn, and make decisions, and then take the appropriate action. To
do all of this AI needs data and lots of it for that matter. And the reason
AI is part of the Fourth industrial revolution is that we have data, due to
digitalization we have data more than ever before.

3. Start-Ups and Artificial Intelligence
The technological advancement in artificial intelligence has increased
machine interaction, business models, and the living standard of humans.
The adoption of AI is resulting in a world that is smarter and innovative.
Screening technologies for cancer at Freenome, self-driving cars detecting
traffic, face recognition on pictures for friend’s tag suggestions at
Facebook, sorting in our email, and the recommendation for online
shopping are some examples of AI technological innovations present in
our lives. Artificial intelligence is spreading through the market, it is
necessary for the companies to perform R&D with their product and
service. This new necessity is impelling businesses, entrepreneurs, and
investigators to use AI to uplift their business, new strategies, new
business models, and new sources for business value.

4. AI and other businesses
• Technology is reshaping all businesses. AI is pacing up, your
business is going to have to get smarter. Every business is
going to have to get smarter – from small start-ups, MSMEs
to global corporations, and even traditional businesses. In
the Indian market, businesses of different shapes and sizes
will be impacted by this revolution.
• Data is even being gathered from farming equipment, to
improve the efficiency of machine maintenance. Innovations
of such intelligent machines are developed that can help in
identifying and delicately sort cucumbers, picking up ripe
soft fruits, and pinpoint pests and diseases.
• This is the impact of Artificial Intelligence. All industries are
evolving rapidly. Innovation and change are the new norms.
Those who are unable to adapt to AI to improve their
business – whatever the business – will struggle to compete.

5. Momentum began to shift in 2011 when AI venture capital
investments saw a significant jump in the sector from ₹200
crores in 2011 to ₹1000 crores in 2016 and it was 1 lakh crores
last year, signifying maturing capabilities and growing
investor confidence in that domain.
An Increase of investments into artificial intelligence
continued in 2020 with funds growing by ₹ 1000 crores from
January to July, despite the slowdown caused by the
COVID-19 pandemic. Currently, the Indian AI market is
valued to be more than ₹1000 crores in August 2020 and this
is the midst of the COVID pandemic, AI has much more to
offer. Also, SMEs and AI start-ups are now pacing and
scaling up with new technological solutions. Hence, we can
say that all the industrial sectors are witnessing an
accelerated adoption of AI technologies to ensure business
growth and development.

6.  Advancement in AI is the highest priority, many R&D departments are working on
them. AI has far more potential than we have right now, especially in the medical
field. Healthcare start-ups are an important factor to our medical services and can
provide significant help in the post-covid-crisis also some medical start-ups have
received funding in 2019, such as Babylon Health, Tempus, and Freenome, which
provide remote health check and diagnosis, cancer treatment with a simple blood
test, and delivery of therapeutics.
 The Government of India is now taking a keen interest in developing the sector
and to create a robust public AI infrastructure for all. The Ministry of Electronics
and Information Technology (MEITY) has been working on a proposal for the
National Mission of Artificial Intelligence. This project boosts the use of AI in India
and was estimated to cost around ₹2000 crore. AI-based solutions like water
management, pest control, and crop insurance are being developed.
 ICRISAT has developed an AI-powered sowing app, which utilizes weather
models and data on local crop yield and rainfall. This led to a 10 to 30% increase in
their harvest.
 The central board of secondary education has introduced AI into the school
curriculum, starting out Python programming language and some prior
knowledge of algorithms to ensure that students passing out have the basic
knowledge of data science, machine learning, and artificial intelligence.

7. Niramai Health Analytix
 NIRAMAI is developing a novel software to detect breast cancer
at a much earlier stage than traditional methods or self-
examination.
CropIn
 CropIn is an intuitive, intelligent, self-evolving system that
delivers future-ready farming solutions to the entire agricultural
sector.
Niki.ai
 Niki is bringing the household consumption of Bharat online by
building the digital localized agent for 500 million new internet
users.
 The market is full of people trying to make it big in the game. And
since there is a ton of competition out there you better want
yourself to be ahead of others. That is why research and read as
much as you can. We at insellers, have been doing a lot of
research and carrying out the implementation with our clients. We
tell you the not so often talked about inspiring reverie to real
stories of SMEs and startups, to inspire the Entrepreneur in you.
Check out our website for more amazing blogs like this.