NASSCOM Awards Marlabs for Innovation in Artificial Intelligence

Bangalore, August 1, 2018  :  NASSCOM, the trade association of Indian Information Technology and Business Process Outsourcing industry, has awarded Marlabs for innovation in Artificial Intelligence (AI). Marlabs, Inc., the digital innovation firm that specializes in providing 360-degree digital transformation frameworks, submitted a use case on its proprietary AI tool – mAdvisor, that won itself the NASSCOM AI Game Changer Award for 2018.

The jury chose mAdvisor’s use case as one of the Best 50 Innovative Applications of Artificial Intelligence Solution.

Recognizing Marlabs for its path-breaking innovation, K S Viswanathan, Vice-President-Industry Initiatives, NASSCOM said, “Adoption of AI is accelerating across the globe as AI solutions are augmenting human intelligence and improving our decision making. In this regards NASSCOM Centre of Excellence for Data Science & Artificial Intelligence (CoE-DSAI) launched NASSCOM AI GAME CHANGER AWARDS for the first time to recognize the most innovative, high impact and high tech AI solutions that organizations have delivered internally or to their clients. Marlabs & its product mAdvisor is recognized among best 50 innovative AI solutions. We want to congratulate Marlabs and laud its efforts in taking a 360-degree view of the customer and making a difference using technologies such as AI.”

Reacting to the award, Siby Vadakekkara, Chairman and CEO, Marlabs, said,“I am mighty pleased with NASCOMM’s recognition. It is a testament to our endeavours in shaping Marlabs into an innovation-led company. We have been steadfast in our commitment to making a visible impact on our clients’ businesses using technologies such as AI. I am glad to have a highly capable digital leadership team across our innovation labs and delivery centers who can deliver on our promise, consistently.”

mAdvisor, a proprietary tool built by Marlabs is an automated machine reasoning platform that translates data from enterprise systems into meaningful insights and predictions without any manual intervention. It is capable of analysing all forms of data including structured, text and sensor logs, click streams and even images.

In the award-winning use case of mAdvisor, Marlabs details its application of how it has been able to increase the probability of getting very high returns on stocks and investments for a U.S.-based Investment Management company.

NASSCOM published the use case study in its whitepaper ‘AI Primer 2018’ released at NASSCOM Big Data & Analytics Summit on July 11 and also plans to publish this as part of its playbook on best use cases in AI.

About NASSCOM AI Game Changer Awards :

Adoption of AI is accelerating across the globe and, in parallel, AI technologies and techniques continue to get better every day, thus creating a virtuous loop. AI solutions are augmenting human intelligence and improving our decision making, automating activities previously considered to be in the human realm, and adding significant value to our lives.

Regarding this NASSCOM CoE-DSAI launched the ‘NASSCOM AI GAME CHANGER AWARDS’ to recognize, showcase and publish the most innovative, high impact and high-tech AI solutions that organizations have delivered internally or to their clients.

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