Journey of DaveAI
Have you ever wondered what the success of a business or a company depends upon? It depends on the core values that the company has and works upon. A ‘core-value’ strengthening move is the formula to achieve success in every business endeavour. Built on the core principle of integrity and privacy of data, with a vision to democratize AI, DaveAI’s platform helps enterprises deliver seamless customer experiences in a digital-first world.
DaveAI: The beginning
DaveAI is a platform that uses artificial intelligence to bridge the product discovery gap for consumers while purchasing products, leveraging real-time data. DaveAI started with a focus on enabling medium-sized retailers to leverage the power of AI in the form of an In-Store Sales Companion. Based on the foundation of ‘deep tech’, DaveAI conquers challenges by meeting the business objectives head-on. It was founded in the year 2016 with the sole purpose of improving the process of ‘sales’.
“The thought of venturing into this domain was driven by a mix of founder capabilities and the determination to change the retail experience for customers with the help of AI”.
– Ashok Balasundaram, Co-founder & Domain Lead – DaveAI
Back then AI as a technology lever was not accessible for small and medium enterprises. This was privy only to enterprises with large budgets, resources & data. DaveAI started moving towards transforming this scenario with the help of a patent-pending online learning AI platform. The product that started off five years ago as an Intelligent Sales Companion with more deployments, data, and a better understanding of the market evolved into DaveAI, the Virtual Sales Avatar.
“Influencing customer conversations and experiences using data available in real-time continues to be our mission. But we have tackled this without losing sight of the long-term vision of democratizing AI. We are making the right strides towards that. Today, our technology helps millions of end-users(who are customers of businesses we work with) to discover products with ease in a personalized & immersive manner irrespective of the channel”.
– Sriram P H, Co-founder & CEO – DaveAI
Landmark Group was one of DaveAI’s first enterprise customers who deployed DaveAI as an In-Store Sales Companion kiosk application with product visualization capabilities. Since 2019, DaveAI’s focus has continued to be in the large enterprise segment in retail and BFSI verticals. Today, DaveAI works with more than 20 large enterprises and operations in 4 regions – India, Middle East, South East Asia, and North America.
Behind the scenes
The products offered range from virtual sales avatars to virtual spaces. DaveAI delivers personalized sales conversations and immersive visual product discovery experiences. An amalgamation of personalization & visualization across channels with a blend of various new-gen technologies is unique. A ‘cold start problem’ which is one of the key barriers for enterprises adopting AI, is not seen with the products offered by DaveAI. Paving the way for the elimination of this problem is the use of genetic algorithms that form the base of applications that are also powered by deep neural networks. These applications learn with new experiences and become more intelligent with time. Enterprises can start with DaveAI sharing minimum data available such as the product catalogue, to begin with. Once they test the power of the engine, the powerful platform can ingest & leverage data at scale.
Real-time 3D Visualization technology, a Conversational AI engine with speech and NLP available in 11+ languages, GDPR compliant facial detection technology, and a multi-dimensional affinity engine are the key technology layers of the platform. DaveAI is making way for an ‘Intelligent future’ with ‘technological ease’. Adaptability, ease of use, convenient coalescing, and security are the fundamentals that lead to the business intelligence quotient to be on an elevation.
“As a technology company with a vision to democratize AI, our effort is to make complex AI use cases ‘easy to deploy‘. We foresee a future where all applications will have data & intelligence at their core, while today we might be using AI in enterprises as a technology layer on top of enterprise applications. Our platform is tuned to enable this future and also an ecosystem around it “
– Dr. Ananthakrishnan Gopal, Co-founder & CTO – DaveAI
Towards the future
With the world transforming rapidly towards the digital realm, artificial intelligence ruling the existence of all industries is not far away. Keeping the needs of people and industries and the vision of the company in tune with technology, DaveAI is moving towards democratizing AI. Being able to provide a way for people to build applications without specialized AI skillsets using the platform, with available data irrespective of the size of the dataset is the crux of the long-term goal of DaveAI.
The adoption of AI is accelerating day by day. It has turned out to be a massive game-changer in various business domains where the capability to ‘multiply value’ is seen. Today AI is not just a ‘convenient recommendation’ but an ‘imperative to a business’ technology.