Intelligent Futuristic Stocks

Artificial Intelligence means man-made thinking power. It can be defined as “It is a branch of computer science by which we can create intelligent machines which can behave like a human, think like humans, and able to make decisions." In simple words a replica of humans made by humans. Generally, in robots, one has to pre-program the machine to work according to the commands but when it comes to AI, the machine itself learns, understands, interprets and acts according to its own intelligence.

With the help of AI, you can create such software or devices which can solve real-world problems very easily and with accuracy such as health issues, marketing, traffic issues, etc. With the help of AI, you can create your personal virtual Assistant, such as Cortana, Google Assistant, Siri, etc. With the help of AI, you can build such Robots which can work in an environment where survival of humans can be at risk. AI opens a path for other new technologies, new devices, and new Opportunities.

Application of AI in different sectors includes:

Major sectors who have adopted or are adopting AI at a great pace are E-commerce, Marketing, Automotive Industry, Healthcare, Data Security, Finance and Education. In finance almost all the banks across country have introduced virtual assistants which can solve queries related to the banking for their users or account holders. For example, HDFC bank have EVA, SBI have YONO, Bank of Baroda have BOB partner etc. these assistants answer to basic questions such as “How to apply for credit card or debit card?” and much more general FAQs of similar types.

Automotive sector has also adopted AI in a great pace, nowadays many car makers such as Tesla, Tata, Suzuki, Hyundai, MG and much more provide AI inside the car that assists in parking and even driving the car which makes the car autopilot for the driver. That’s what technology is which no one had imagined before except the Sci-fi movie makers.

E-commerce and marketing are going hand in hand for adopting the AI in their businesses. With the help of AI, the e-commerce service providers such as Amazon, Flipkart, Myntra and many more remember the last selected or shopped product by you and then based on that they send notifications or show you various products that might capture your interest. This is all done by AI enabled marketing programming and e-commerce business which collects data based on your activity on their platforms and then react to you accordingly. Usage of AI driven marketing and e-commerce business has provided 5x growth to the companies using it.

Now, many IT companies have already adopted the use of AI and have been providing services to other sectors too, they are as follows:

1. Tata Elxsi

In early 2019, Tata Motors collaborated with Tata Elxsi to adopt and adapt the TETHER Connected Vehicle Platform (CVP) towards a common standard technology stack to deliver scalability, differentiated features, high performance and expandable to Industry 4.0 to transform their internal operations. Tata Motors deployed the TETHER CVP under the brands of Fleet Edge for CV, iRA for PV & Zconnect for EV, which offer features like track and trace, geo-fencing and alerts, driver behaviour monitoring, and fuel efficiency monitoring. In addition, they enable secure and selective access to the platform and relevant data with its wider partner ecosystem, including dealers, and suppliers, to enrich customer experience. The market for Battery Management Systems (BMS) is expected to grow as demand for electric vehicles rises and in the future, electric vehicle batteries will be simplified, making them easier to charge and use. Tata Elexsi is working in the area of BMS through its experienced R&D team. Tata Elxsi's AR-V2X, which is a first-of-its-kind solution has won the Silver at AutoSens Award under the Best Validation & Simulation Tool category. It fuses the concept of Augmented Reality and Connected Car testing. All you need is a single car for performing V2X field testing; and can be done on any road across the world, without needing any real-world deployments. Tata Elxsi's AR-V2X creates Virtual infrastructure & Virtual cars, based on the user's configuration. The company also works on other technology-related aspects like IoT (Internet of Things), cloud, and smart mobility. In the previous year, Tate Elxsi won the NASSCOM Engineering & Innovation Excellence Awards 2021 for Engineering Service Providers for all product groups.

2. Affle

Affle delivers consumer acquisitions, engagements, and transactions through relevant mobile advertising. Their AI uses behavioural signals, marketing attribution, and transactional data from users to predict one’s interests. This allows them to direct ads as per these preferences enriching users’ ad content. Affle also provides enterprises with end-to-end solutions to help them engage with mobile users. The company has 14 patents filed in the US, India and Singapore related to innovative futuristic use cases. They currently have 20 patents with 6 granted in the US related to digital advertising, fraud detection and voice-based intelligence. Affle (India) Limited through its subsidiaries (“Affle” or “the Company”), announced the completion of patent transfer from Appnext Limited incorporated in British Virgin Islands (“Appnext BVI”) to Affle MEA FZ-LLC, an indirect wholly-owned subsidiary of the Company. This patent is related to the predictive modelling of mobile users behaviour and powers the on-device app recommendation and timeline technology. This patent serves as a baseline time-sensitive technology for Affle to drive innovative on-device apps discovery and relevant recommendations. Affle India has invested in Bobble AI (Talent Unlimited Online Services) for their next round of fundraise at the pre-emption offer of 1,207 Series D CCPS @ Rs 323,188 per share. Affle (India) Limited through acquired Jampp, a leading programmatic mobile marketing company. Jampp’s programmatic mobile advertising platform is used by leading app marketers to acquire new users and also to drive repeat usage and transactions with existing users.

3. Kelltontech Solutions

Kellton and Kode, a Dutch boutique venture building firm announced an integrated offering to help start-ups in the Dutch and European markets to ramp up their software development capabilities, rationalize costs, and achieve new economies of scale. The company has been has been selected as a technology partner by Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) to revolutionize its citizen service delivery and create world-class experiences. It has also bagged a contract to build a cutting-edge NFT (Non-Fungible Tokens) marketplace, using new digital technologies, including blockchain. The NFT marketplaces are rapidly gaining traction, reaching over $2 Billion in transaction volume in the last quarter. The company also announced the launch of KeLive — a one-stop, cloud-based, and intelligent building management system to help real estate agencies and property management companies automate rule-based tasks and manage administrative operations anywhere, anytime, and across devices. The company has been chosen by ZEE5, India’s Entertainment Super-app, to build a next-generation, cloud-native content management system (CMS) that delivers relevant, real-time content experiences across all constituents of business. It has also collaborated with Automation Anywhere, a leading RPA and intelligent automation platform. The company is also helping Riyada Digital, an emerging company in Saudi Arabia, build a customer-facing digital e-commerce platform. This platform will unveil its proprietary currency that will be instrumental in driving cashless adoption.

4. Oracle

Oracle Financial Services Software Limited is a subsidiary of Oracle Corporation. Oracle and Tata Motors have migrated the automotive giant’s entire Dealer Management System (DMS) to Oracle Cloud Infrastructure (OCI). The migration of this system to OCI will help boost the operational efficiencies of Tata Motors with deeper business insights, greater security, increased flexibility, and cost optimization. Oracle is introducing new logistics capabilities within Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). It will help customers reduce costs, improve accuracy, automate regulatory compliance, and enhance logistics flexibility. Oracle has added 15 baseline artificial intelligence (AI) models to Oracle Unity, a Customer Data Platform (CDP). Part of Oracle Fusion Cloud Customer Experience (CX), Oracle Unity blends built-in artificial intelligence with customizable industry-specific data models to deliver highly personalized industry-specific experiences. The latest AI models added to Oracle Unity support organizations in automotive, consumer packaged goods, communications, financial services, healthcare, high-tech, and utilities industries. Oracle has also introduced new models to help healthcare organizations drive a more connected patient experience, improve financial performance and patient care experience.

5. Happiest minds

Happiest Minds announced its partnership with CredQuant, Singapore’s leading ESG solution provider for BFSI customers, taking a leap in digitally transforming data, risk and regulatory complexity to empower clients in making sustainable investment decisions. It has joined the ServiceNow® Partner Program to become a Managed Service Partner (MSP) for ServiceNow, with coverage across all its focus geographies for strengthening its IT service offerings. Happiest Minds is accelerating digital transformation with the ServiceNow solution to enable ITSM, ITOM, ITAM, TPSM, HRSM, ITBM, and investments in emerging spaces like GRC, SecOps, Automation and LCAP. It also announced the inauguration of the molecular testing laboratory established at Sri Jayadeva Institute of Cardiovascular Sciences and Research in Bengaluru. It also launched its Cybersecurity services in the healthcare vertical which provides end-to-end security services for the Healthcare industry by applying a robust and proven framework tailored to meet regulatory requirements, digital security best practices, and cutting-edge tools & technologies. It also announced a strategic partnership with CloudFabrix’s Robotic Data Automation Fabric™ (RDAF), the world’s first data fabric designed to unify Data Observability, AIOps, and Automation. Its AI/Analytics Centre of Excellence is focused on creating next-generation AI and analytics solutions for their customers across the value chain armed with the expertise on the latest AI techniques like Computer vision, NLP, Graph Analytics etc. though which they provide innovative solutions to drive operational efficiency and business model innovation.

6. Persistent Systems

Persistent Systems a global Digital Engineering leader, ts robust data science capabilities can help improving the business processes by leveraging the power of AI and ML solutions.

It is further strengthening its ITES 360 relationship with Microsoft by leveraging its cutting-edge technologies to increase agility and power the next phase of its growth. Together with Google Cloud, the Persistent Intelligent Cyber Recovery (PiCR) solution provides a comprehensive and scalable cyber recovery approach, allowing organizations to reduce data loss and minimize the negative impact to brand reputation from prolonged downtime. It a strategic partnership with Software AG (MDAX and TecDAX:SOW), a leader in enterprise software for integration, IoT, and automation and they will develop joint solutions to accelerate operational excellence by modernizing applications and processes as well as moving data more easily across enterprises to unlock value. GB Bank has partnered with Digital Engineering provider Persistent Systems to build its digital-first IT infrastructure and support the bank’s ongoing operations. Corestack announced a global partnership with Persistent Systems, its AI-powered cloud governance solution will help Persistent Systems' customers accelerate digital transformation using automation and orchestration.

7. Cyient

Cyient Partners with Honeywell to Manufacture Honeywell Anthem, the First Cloud-Connected Cockpit System. It also strengthens its V&V factory with CyFAST, an AI-powered platform to accelerate hyper-automation. Its Framework for Automated System and Software Testing (CyFAST) is an AI-powered end-to-end test automation platform that simulates business use cases with less than 10% human intervention. The company will also Acquire Portugal-Based Celfinet to Strengthen its Wireless Communications Offerings. The company has also partnered with has partnered with IIT Hyderabad (IITH) and WiSig Networks, a startup incubated at IITH, to enable volume production of India's first architected and designed 5G chip - the Koala NB-IoT SoC (Narrowband-IoT System-on-Chip). The company is also set to acquire the Singapore-based firm Grit Consulting, which has deep-rooted expertise in consulting for asset-intensive industries like metal mining and energy which will enable Cyient customers across sectors to draw value from the Grit's deep knowledge and Cyient's technology solutions capabilities.

8. Bosch

Bosch India and Mahindra & Mahindra (M&M) have collaborated to develop the Mahindra connected vehicle platform “AdrenoX Connect” to deliver seamless connectivity and enhanced user experience in the flagship SUV XUV700. Aligned with M&M’s requirement and Bosch India’s vision for a connected strategy, this engagement has stemmed an innovative, immersive, and intuitive solution on the cloud to augment control in the end-users’ personal companion. Bosch India also inaugurated its fully-automated in-house production line at its Naganathapura location in Bengaluru aims to manufacture nearly 100,000 masks a day to protect its associates and contribute to the protection of the community at large in India. Bosch meticulously collaborated with OEMs and end customers to develop innovative and intelligent future-ready mobility solutions. Backed by its global IT expertise and technical know-how in the mobility space, it aims to usher a new era of automated, electrified and connected driving. The company invested 300 million euros into its Bosch Center for Artificial intelligence (BCAI) across three continents – one of the main locations being in Bengaluru, India - next to centers in Sunnyvale, U.S. and Renningen, Germany. Additionally, Bosch in India has also partnered with IIT-Madras and set up a Robert Bosch Centre for Data Science and Artificial Intelligence at IIT- M with a fund of 4 crore per year for 5 years.

9. Coforge

Coforge announced a new partnership with Transcard, a global leader in payments and data technology. The partnership will address the payment challenges faced by insurers and other organizations, driving impact for clients by providing an all-in-one solution for disbursing and collecting payments of any type. The company also partnered with Databricks and as part of this alliance they will cater to the broader data modernization challenges faced by customers across industries and is aligned with Coforge’s commitment to driving impact for clients by generating actionable insights, often in real-time, from data. Coforge also received the award for Best Use of AI in BFSI sector. Newgen Software, a global provider of a low code digital transformation platform, announced its partnership with Coforge to empower leading insurance firms, public sector organizations, and others in the US, Europe, and rest of the world. It also announced a partnership with Estes Express Lines (Estes), the largest privately held freight carrier in North America, with this partnership, Coforge will bring agile, next-generation solutions to the transportation & logistics industry. It also announced the opening of its center of excellence (CoE) for the Metaverse and Web3. The facility will promote inter-disciplinary research and identify various use-cases using the metaverse and its intersection with digital technologies including blockchain, smart contracts, AI, ML, cognitive, data & analytics, and integration with other enterprise systems.

10. LTI – Mindtree

LTI Mindtree announced a multi-year engagement that enables Criteo, the commerce media company, to enhance its business agility, IT service quality, and scalability. Company has also partnered with Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) insurance, and Microsoft to build a solution that will enable insurers to migrate their on-premises core systems to the cloud in a quick and efficient manner. The company has further expanded its Hyderabad operations by setting up a new, state-of-the art digital experience centre in the city. Fosfor by LTI Expands its Partnership with Snowflake to Accelerate Data Monetization on the Data Cloud. LTI Partners with Saviynt to Deliver Intelligent Identity Solutions to Enterprises Worldwide. The company launched its LTI Innovation Studio for SAP Business Technology Platform at the 2022 SAP® Sapphire® conference. The studio helps businesses realize the vision of an intelligent enterprise and enables them to amplify value from their digital core investments by utilizing key components of SAP BTP like SAP HANA®, the SAP Analytics Cloud solution, AI, machine learning, enterprise integration APIs and the UX extensibility tools. It has also partnered with IIT Madras for collaborative research in the field of 5G. Through this collaboration, LTI and IIT Madras aim to innovate in the emerging 5G space and enable 5G frameworks validation, low frequency RF deployments and use case testing with 5G test bed.

India plays a significant role when it comes to Artificial Intelligence (AI). Most of the products in the near future will be linked to artificial intelligence. These products will either possess that intelligence themselves, or AI will play a key role in their development or manufacture. In recent budget of 2023, Govt. Of India has announced tech driven programs which can not be completed without use of Data Analysis or Artificial Intelligence. Digital Currency recently launched by RBI is also the biggest example of aggressive steps taken by India in the direction of futuristic technology. This early adaption of technology will help India to compete with the world and be the forerunner in further adaptations of cutting-edge technologies.

Considering the future of India in technological sector and many important steps taken by the Government considering it backed by the companies delivering cutting edge technology and solutions and which are being adapted by each and every sector across the globe. The above-mentioned stocks may see higher upside in coming 3 – 5 years of time frame.

- Het Zaveri

info@smartinvestment.in

(Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.

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