Artificial intelligence or AI is a wide-ranging solution that is slowly but significantly disrupting the world of business. How AI impacts businesses range from how we integrate information to how we analyse data, and how we leverage the resulting insights to improve decision-making, resulting in lowering costs, increasing their productivity and enhancing their revenue streams.
Key stakeholders all over the world recognise the potential and importance of AI. The global AI Governance market was valued at USD 107.56 million in 2021 and is expected to reach a value of USD 528.06 million by 2027, registering a compound annual growth rate (CAGR) of 31.97% over the forecast period 2022-2027.
These trends can be seen emerging in the APAC region as businesses start to realise the importance of AI in today’s digital-first landscape. According to a recent report, Asia Pacific’s market for AI is set to grow at a CAGR of 41.60% over the forecast period of 2019-2027. Several reports have also indicated that AI is one area where APAC can lead the rest of the world.
One of the main drivers for growth for AI in business in APAC is enhancing consumer behaviour and expectations. As we inch further into the digital decade, consumers are increasingly engaging brands online and they expect a certain level of personalisation. In Singapore alone, research has unveiled that over 70 per cent of consumers want a better customer experience — specifically, one that treats them as individuals instead of just any other customer. And this can be achieved with AI.
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Adopting AI, however, can be challenging for companies, especially young startups and SMEs that may lack the knowledge and expertise in the field and might not have the resources, to hire dedicated teams because of specialisation, Work From Home (WFH), many companies now have remote and outsourced teams working in many different places. As such, there is a dire need to enhance the capabilities of software developers and facilitate better collaboration between teams of software developers and business users to future proof their business.
This is where Singapore-based AI API microservice provider Sentient.io is helping companies adopt AI easily and prepare their business for the future. Sentient.io aims to change the narrative of AI adoption by providing ready-to-use domain-specific AI algorithms for teams of application software developers in companies to consume via APIs.
Sentient.io: Addressing the challenges of AI adoption to help businesses grow
Christopher Yeo, founder and CEO of Sentient.io is fascinated with the impact of computer science, especially artificial intelligence on the future of humanity and how it is going to change our lives. With over 20 years of experience in database technologies, data warehousing, data mining, operations research and internet systems integration, Yeo strongly believes that AI is going to change the world of business forever.
“AI allows businesses to make better decisions, improving the core business processes by increasing the speed and accuracy of strategic decision-making processes. AI Technology helps boost the drive toward digital transformation for enterprises. AI enables human capabilities such as reasoning, understanding, planning, and communication — to be undertaken by software more effectively and efficiently. All of these help people to create new opportunities, free humans from repetitive work, and focus on creative work,” he says.
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Sentient.io enables software developers to build AI and data solutions quickly and easily by offering domain targeted AI and data as API microservices. It runs on the 4 pillars of making AI natural and intelligent where it can be easily integrated into daily life while constantly adapting and developing. Hence, the startup’s tagline: ‘Naturally Intelligent’.
“We know that many companies have challenges to adopt AI to increase productivity, save costs and enhance revenue streams, Sentient.io has created an AI platform to help software developers quickly and easily access AI models via APIs, which accelerates their AI adoption,” explains Yeo. “Sentient.io enables developers and enterprises to seamlessly add AI capabilities to their software at fast speeds,” he adds.
Leveraging AI to foster a collaborative environment
There has always been a keen emphasis on collaborations and partnerships in the world of business. However, in the light of a prolonged global health pandemic that has changed the face of business and the economy forever, there has been an increased focus on innovation through collaboration. Several studies and reports have found that collaboration is going to be key in a post-pandemic future. Many companies need to cope with WFH, as well as multiple remote and outsourced teams.
As such, Sentient.io’s TeamSpaces, an extended feature of the AI and Data platform, serves to address the issue of collaboration on the cloud, providing a dedicated space for companies to collaborate on AI solutions. Many companies have separate remote programming teams, TeamSpaces allow all these remote teams to collaborate around datasets and AI models.
TeamSpaces is based on creating a sandbox in a secure environment. Space owners can create tiers of management which allow for multiple organisations to exist and different roles for collaboration. Users or TeamSpaces have access to ready-to-use AI microservices from the Sentient.io Platform which saves them time to search from external sources or build from scratch. In addition, TeamSpace owners can upload their own microservices/datasets in order to fulfil their own organizational needs.
Take the next step into the future with Sentient.io’s TeamSpaces
From young startups or SMEs to established enterprises, any business looking to recruit the best data scientists or AI engineers or seeking a vibrant ecosystem of innovation partners can benefit from TeamSpaces. The assistance provided by TeamSpaces is undeniable and invaluable. Mastering collaboration and embracing efficiency made possible by this truly collaborative workspace, companies can count on both internal and external support, backed by a secure and conducive environment.
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In addition, TeamSpaces affords a safe and secure sandbox for corporate data, meaning that companies do not have to worry about potential data leaks as they use the feature. With the use of Role Based Access Control (RBAC), the owner of the space can assign different rights to different members to ensure security within the collaboration space. Access to data is also controlled by authorised API keys to ensure that sensitive data stays accessible to certain individuals only. Data on the collaboration space is also encrypted, providing an extra layer of security against outside parties.
With subscription plans or license fees that are available in the public cloud or private cloud/on-premise setups respectively, Sentient.io’s TeamSpaces is available at affordable prices, with packages that cater to specific industries and needs. Past use-cases of TeamSpaces have led to decreased costs of up to 50 per cent, as well as increased productivity and innovation.
To learn more about Sentient.io’s TeamSpaces, visit https://www.sentient.io/teamspaces to ask for a demo. To explore other Sentient.io AI-as-a-service tools and solutions, log on to https://www.sentient.io/en/ or contact joshua@sentient.io
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This article is produced by the e27 team, sponsored by Sentient.io
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