International awards program AI Breakthrough has chosen this year's Best Overall AI Company: Digitate. The software arm of Tata Consultancy Services beat out over 2,400 other firms in the industry to bag the award.
Digitate was specifically chosen by the awarding jury for its impressive performance in multiple aspects such as the deployment of innovations in the sector, high confidence among customers, and the rise of its ignio software that has been gaining traction in the industry.
Global Head of Digitate, Akhilesh Tripathi, said the company "is poised to drive the industry in this critical area" through a set of processes that will boost the artificial intelligence (AI), machine learning, cognitive automation, and data analytics segments.
Tripathi said the AI Breakthrough recognition is reflective of the Digitate's abilities in approaching cognitive technology in unique ways that promote innovation and tech developments in the global stage.
The ignio AIOps is software that allows companies to resolve certain business issues through the assistance of machine learning and AI. The platform also integrates potential IT breach conditions that could bring about huge problems for company systems.
Overall, ignio is not just an alerts management and intelligent event creator. It is also a security platform that helps companies protect their data from potential theft and breach initiated by hackers.
Many of the ignio software's clients are under the Global 2000 groups as well as the Fortune 500 business circle. The platform also manages millions of resources in the technology industry.
Tata Consultancy Services launched its ignio AIOps in 2015 and since then, many businesses have been catered to and assisted according to their specific needs. The operations software continues to capitalize on cognitive technology as a means of helping firms in many countries improve operative processes.
The global artificial intelligence market is expected to grow too with a CAGR of 26 percent within the next five years, expanding to reach a rough estimate of $71 billion, according to the Artificial Intelligence Market Report: Trends, Forecast, and Competitive Analysis released earlier this week.
Digitate and other similar operations platforms are in the middle of the expected growth of AI in business circles. Among the key drivers for growth is the apparent increase in the adoption of cloud-based technology among businesses around the world, particularly in developing countries.
More and more consumers are also leaning towards IoT-powered services, driving companies to transition to digitized services that attract consumers and spectators in search of innovative movements.
Artificial intelligence is rapidly changing how business owners view operations and service provision to consumers. The world is now more welcome to technological advancements that should help improve the lives of people.