World’s largest summit on artificial intelligence (AI) ends today

· The second edition of GAISA was held at Vigyan Bhawan, New Delhi · · In the 2nd edition of the event more than 1,000 companies participated from across the world · · Shri Rao Inderjit Singh, Minister of State in the Government of India was the chief guest at the awards ceremony

New Delhi : The two-day long 2nd edition of Global Artificial Intelligence Summit & Awards (GAISA), 2021, organized by the All India Council for Robotics and Automation (AICRA) and supported by NITI Aayog has ended today with a gala awards ceremony felicitating companies in the AI space.

Shri Rao Inderjit Singh, Union Minister of State (Independent Charge) of the Ministry of Planning, Ministry of Corporate Affairs, Ministry of Statistics and Programme Implementation was the chief guest at the awards ceremony.

GAISA 2021 featured seven-panel discussions and five keynote speakers who dwelt on the use of AI in the fields of healthcare, agriculture, education, smart cities, infrastructure, smart mobility, and transportation.

This year the awards were given to 30 companies across 31 award categories. IBM has won two prestigious awards- Best use of AI in Financial Services and Best use of prescriptive analytics.

The best use of AI in financial services was given to IBM for innovating the first-of-a-kind solution in the insurance industry, a mobile application that integrates with the clients back-end systems to provide a seamless user experience. The AI engine analyzes the photos and within seconds generates a list of parts that need to be repaired or replaced. Leveraging Cognitive Image Analytics, CDAT is an analytical model that uses Advanced Computer Vision and Deep Neural Network-based techniques to assess the type and extent of damage incurred to the vehicle. Services to automate the claim assessment process using an AI-based solution. The solution helped the client reduce the claim response time by 30% and achieve cost optimization.

Best use of prescriptive analytics was also given to IBM for having developed and deployed an ecosystem of inter-connected machine-learning models to analyze the indirect tax collection transactions for one of the largest economies of the world. The project team of data scientists has developed complex supervised and unsupervised machine learning techniques on Big Data platform to analyze large volumes of transactions followed by deep Graph Analytics to combine the model results into actionable insights for the end user.

Boston IVY Healthcare Solutions got the top honours in the best use of AI in healthcare for highlighting the originality and ingenuity of an AI and ML-powered hospital inventory management and forecasting software application, VIZI that has been granted a national patent inventory management in hospitals.

Shri Rao Inderjit Singh, Union Minister of State (Independent Charge) of the Ministry of Planning, Ministry of Corporate Affairs, Ministry of Statistics and Programme Implementation said “AI technologies should be created with a certain sense of responsibility so that it benefits the society at large”

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