With over a decade of experience supporting startups and large companies, Goavega has developed the new set of AI services.
“AI is no longer a luxury, but a necessity for companies that want to remain competitive in today’s digital economy. However, getting AI right on the first try is an incredible challenge. Our mission with this new set of services is to help companies in healthcare, financial services, retail, manufacturing, and other industries overcome these challenges and successfully integrate AI into their operations, driving sustainable value and efficiency. We are seeing a very healthy pipeline of AI-powered product engineering services and expect to see 30-35% growth.” growth “next year,” said Sumana Iyengar, CEO of Goavega.
The AI market is expected to grow to $2 trillion by 2030. Last year, 73% of US businesses across all industries were using AI in some form. However, as businesses around the world increasingly recognise the potential of AI to drive growth and innovation, many need help to implement these technologies effectively.
According to recent research, 70-90% of AI projects fail to deliver on their initial promise due to poorly aligned strategies, inadequate data, and the complexities of AI implementation. The failure rate underscores the critical need for experienced partners who can guide companies through the complexities of AI adoption.
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The new AI-powered offerings include end-to-end product engineering solutions, from ideation and design to deployment and scaling, tailored specifically to the needs of companies looking to harness the power of artificial intelligence. Goavega’s expertise in AI technologies, combined with its experience in ML, cloud engineering, and data engineering, positions it as a unique player in the market, capable of delivering transformative outcomes for clients, he said.
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