Information technology service and solution providing company Tech Mahindra partners with AI visual observation firm Cogniac to develop new artificial intelligence-powered visual data solutions to help organizations at a global level.
The partnership aims to build solutions that would simplify data management for companies using machine vision technology. It is a similar kind of technology that is used in robotics guidance and other related fields.
The developed product will help increase the productivity of companies operating in various industries, including manufacturing, railway, automotive, logistics, government, and many others. The companies will couple their expertise in data analysis, cloud computing, and big data management capabilities to develop solutions that maximize the productivity of companies with the use of artificial intelligence and convolutional neural networks.
The Vice President and Head of Emerging Business at Tech Mahindra, Rahul Bhuman, said, “With an aim to deliver transformative enterprise machine solutions that are highly agile and scalable, we have re-aligned our strategy and delivery model to accelerate the customer’s transformation journey, in sync with NXT.NOWTM framework.”
With the new solutions, companies across the globe will be able to accelerate the operational use of visual data and analytics that will drastically increase their business productivity.
Cognac is a San Francisco-based artificial intelligence solutions developing startup founded by Amy Wang and Bill Kish in 2015. The company specializes in providing AI services that let companies extract more data from videos and images using deep learning technology.
Till date, Cogniac has raised more than $40 million over six funding rounds from investors like National Grid Partners, Autotech Ventures, London Technology Club, Wing Venture Capital, and many more.
Chief Partnership Officer of Cogniac, Vahan Tchakerian, said, “With Tech Mahindra’s data synthesis capabilities, we will be able to provide necessary and relevant information to customers and enable them to make data-informed business decisions.”
He further added that often the data exists but is not appropriately tapped. This new partnership will help them bring in innovations that would benefit their customers.