AI Magazine examines cutting-edge and avant-garde artificial intelligence companies worldwide. Next, we examine the leading companies in Europe.
In order to examine the many ways that artificial intelligence (AI) software and services are being developed to assist businesses worldwide, AI Magazine is examining the various creative and inventive enterprises that are using disruptive technology to provide AI services to their clients. Here, we examine the leading companies in Europe.
The KONUX
KONUX is an AI and internet of things (IoT) firm that was founded in Germany. With the use of intelligent sensors and AI-powered analytics, it provides real-time insights to clients, enabling them to monitor their infrastructure more effectively and save expenses while also improving operations. This transforms railway operations.
The system is a complete package that enhances network availability via the use of IIoT devices and artificial intelligence. It continually checks and analyzes the condition of important switch components like the frog and trackbed and offers useful advice. The majority of Konux's clients are big railroad and industrial businesses like Deutsche Bahn.
The Speechmatics
The company's Autonomous Speech Recognition software was a major breakthrough in the field and saw the company outperform tech giants like Amazon, Google, Microsoft, and Apple in tackling inequality and AI bias. Speechmatics provides enterprise-level speech recognition technology to understand every voice, regardless of accent, dialect, age, gender, race, or location.
The Owkin
Owkin provides a platform that use AI approaches to find biomarkers and pathways linked to illnesses and treatment results in an effort to enhance biology research. The firm merges human insight with safe and quick data access to fuel more accurate models, and it uses state-of-the-art machine learning and biology to find new medicine possibilities.
The Shift Technology
Shift Technology provides AI-enabled solutions designed to more effectively combat fraud. The business uses the most advanced data science techniques to automatically identify networks of online and insurance fraudsters. Shift's platform, which is offered as a Software as a Service (SaaS) model, has produced favorable outcomes for several clients, including CAN, Axa, and Covéa.
The firm was established with the conviction that artificial intelligence (AI) holds the key to unlocking the future of insurance, resolving complex problems, and enabling insurers to see, do, and be more for their clients.
The Deepl Translator
Established in 2017, DeepL Translator is a neural machine translation service with its headquarters located in Cologne, Germany. Its neural networks (NN) can replicate subtleties in translation by capturing them. The business frequently does blind tests to evaluate the accuracy of its machine translation models. Professional translators choose the translation that is the most accurate in blind testing without disclosing the identity of the producing organization. DeepL performs three times better than the competitors.
The firm has been creating a new generation of NN with a unique design since its start. Because of its architecture, DeepL's networks are able to interpret phrases into a target language in a way never seen before, even with their delicate implications. As a result, machine translation has become known worldwide, with quality currently surpassing that of all major IT corporations.
The Graphcore
Graphcore, based in the United Kingdom, creates Intelligence Process Unit (IPU) chips to speed up machine learning applications. Because the CPUs are particularly made for AI applications, AI researchers can perform commands for existing machine learning models more quickly.
Graphore aims to revolutionize every industry and sector by utilizing its IPU technology, which may truly influence society positively in areas like medicine development, disaster recovery, and decarbonization. To drive the next improvements in machine intelligence, AI researchers may take on whole new forms of work that are not feasible with present technology thanks to the IPU's unique design.
Blue Prism from SS&C
Leading the way in intelligent automation worldwide, SS&C Blue Prism serves more than 2,000 customers across 70 business verticals and more than 170 countries, with 30% of those clients being Forbes Global 2,000 corporations. By repurposing millions of hours of labor and unlocking efficiency, the organization generates value through innovative methods of operation.
The company's AI-powered digital robots enable a workforce that is digitally first and people enriched, freeing up humans to reimagine work, through highly scalable intelligent automation that is secure, intelligent, and accessible to all. SS&C Blue Prism facilitates end-to-end process automation that achieves critical strategic business objectives, hence increasing operational efficiency and agility for clients.
The UiPath
UiPath was founded in 2005 with the goal of creating the greatest robotic process automation (RPA) software available. The first ten members of the team were stationed in Bucharest and provided automation software and libraries to some of the largest corporations in the world. The firm now creates software for AI and RPA. Additionally, it provides over 35,000 trained developers with instruction in RPA.
Businesses may be entirely automated using its UiPath Platform. Customers can manage automation opportunities with complete transparency and control thanks to the platform, which also offers the governance, security, scalability, and performance that businesses need. By adding AI and ML models to their automation, UiPath's AI Center empowers its clients to take on a new range of use cases. UiPath creates prospects for the automation of intelligent cognitive processes by merging these technologies.
The Darktrace
Darktrace's technology can stop ongoing cyberattacks by utilizing artificial intelligence. It is capable of fending off assaults such as ransomware, phishing emails, and dangers to vital infrastructure and cloud environments. Darktrace's digital immunity system is relied upon by over 6,500 clients globally to prevent cyber disruptions.
Darktrace, which was established in 2013, uses self-learning artificial intelligence to help robots comprehend the industry so they can protect it on their own. The firm employs 1,700 people globally and has over 30 offices, with its headquarters located in Cambridge, UK.
Darktrace's technology continually learns to prevent cyber disruption thanks to its Self-Learning AI. The company's mathematicians created this system using an interdisciplinary strategy led by Stocksdale, which combined cutting-edge ML research and concepts.
The GfK
With a keen focus on cutting-edge AI, GfK offers its clients top-notch analytics that provide descriptive data and useful suggestions, which eventually contribute to increased sales and improved organizational and marketing efficacy. GfK, a non-profit organization founded in 1934, has over 85 years of experience as a global leader in data and analytics, offering insights into consumers and markets. GfK is a forward-thinking company that prioritizes the trust of its partners and clients. It strives to push the boundaries of the industry by introducing novel methodology and measuring technology.
GfK provides more than 15 solutions within the business intelligence category to help improve company performance and spur expansion and income. For the consumer journey, for instance, GfK offers its clients a Customer Journey Platform that makes use of sophisticated