The Anatomy of AI: Will It Unleash an Entrepreneurial Revolution?
Igniting Ideas For ImpactJuly 01, 202301:03:28

The Anatomy of AI: Will It Unleash an Entrepreneurial Revolution?

The Anatomy of AI: Will It Unleash an Entrepreneurial Revolution? This chapter delves into groundbreaking concepts and transformations that have emerged through partnerships with AI. Across various industries such as food, healthcare, and the creative fields, AI has become an indispensable tool, accomplishing tasks once deemed unimaginable. This chapter serves as a guide to better comprehend the world of AI and its innovative ideas. Author: Damayanti Datta Edited by: Divya Sethu & Tanaya Singh Sources:1) https://www.deccanherald.com/national/startups-in-india-rose-from-471-in-2016-to-72993-in-2022-1129560.html2) https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8085630/

The Anatomy of AI: Will It Unleash an Entrepreneurial Revolution? This chapter delves into groundbreaking concepts and transformations that have emerged through partnerships with AI. Across various industries such as food, healthcare, and the creative fields, AI has become an indispensable tool, accomplishing tasks once deemed unimaginable. This chapter serves as a guide to better comprehend the world of AI and its innovative ideas. 

Author: Damayanti Datta
Edited by: Divya Sethu & Tanaya Singh

Sources:

1) https://www.deccanherald.com/national/startups-in-india-rose-from-471-in-2016-to-72993-in-2022-1129560.html

2) https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8085630/

[00:00:00] The Anatomy of AI Will it unleash an entrepreneurial revolution?

[00:00:08] Imagine a day in the life of an Indian farmer.

[00:00:11] He wakes up to his weather assistant informing him that it will rain in about two hours.

[00:00:18] Minutes later, another beep, his livestock sensor alerts him to a new virus on the block.

[00:00:24] As the day progresses, more beeps and alerts vie for his attention.

[00:00:29] It's no surprise for his farm data is on cloud for real-time advisory.

[00:00:35] His plot is mapped by smart drones, his crops are monitored by agribots and the harvesting

[00:00:40] is taken care of by GPS driven autonomous tractors.

[00:00:45] He is a farmer of the digital age, with data at his fingertips and technology in the palm

[00:00:52] of his hands.

[00:00:54] As much as this sounds like a chapter from a futuristic novel, it is in fact central

[00:01:00] to the government of India's vision of a new reality, the digital farmer.

[00:01:05] At its heart is artificial intelligence or AI or intelligent machines that enable high

[00:01:11] level cognitive processes like thinking, perceiving, learning, problem solving and decision-making

[00:01:19] thanks to advances in data and computer processing.

[00:01:23] The farmer appears in the strategy document of policy think tank Nithi Ayug, national

[00:01:29] strategy for artificial intelligence just as India launches its new drive hashtag AI

[00:01:36] for all.

[00:01:37] The message is loud and clear, it's time to embrace AI.

[00:01:43] The race heats up.

[00:01:45] Even if you are not aware of it, AI is involved in almost all aspects of your daily life, commuting,

[00:01:53] shopping online or even sending an email.

[00:01:56] Gmail has become the most popular email service in the world thanks to AI.

[00:02:02] From GPS, wayfinding to social networking and mobile banking from commanding voice assistance

[00:02:09] to clicking pictures on your mobile camera, from ride sharing to streaming entertainment,

[00:02:15] from self-driving cars to health tracking wearables, AI is all around you.

[00:02:21] It has also unleashed an entrepreneurial revolution with millions of bright young minds launching

[00:02:27] startups with very low costs and lofty ambitions in virtually every field of activity.

[00:02:33] They are identifying problems to solve, discovering user needs, gathering feedback, creating

[00:02:40] prototypes of their products and scaling up as fast as possible.

[00:02:45] The peak of the COVID-19 pandemic while detrimental to much of the world's progress, in fact

[00:02:51] accelerated the use of AI.

[00:02:53] The PWC 2022 AI Business Survey indicates that 52% of global organizations have accelerated

[00:03:01] their AI adoption initiatives.

[00:03:05] In India, the number of AI startups has grown from 471 in 2016 to 72,993 in 2022 according

[00:03:15] to the Ministry of Commerce.

[00:03:18] The Anatomy of AI.

[00:03:21] Despite the excitement AI has created, it is hard to define.

[00:03:25] So let's unbundle what it is first.

[00:03:27] AI is a thinking machine that can solve problems, learn and change.

[00:03:33] Second, problem solving is its key strength and the value it brings to the table.

[00:03:39] Third, its primary advantage is the ability to analyze massive quantities of data at a

[00:03:45] rate far beyond the capacity of the best of human brains.

[00:03:49] Fourth, it applies that knowledge to a vast battery of algorithms at blinding speed.

[00:03:55] The field, formally developed by MIT cognitive scientists in the 1950s, has caught the world's

[00:04:02] attention since the 1990s, especially after IBM's deep blue chest computer defeated Russian

[00:04:08] Grandmaster Gary Kasparov in 1997.

[00:04:12] The technology has progressed dramatically since then.

[00:04:15] AI is increasingly moving into realms once thought to be reserved for humans.

[00:04:22] For instance, machine learning mimics human cognition by learning from data to improve

[00:04:27] on tasks.

[00:04:29] Deep learning is where systems are taught to learn by example just the way humans do.

[00:04:35] Natural language processing happens when machines mimic the human ear and understand written

[00:04:41] or spoken language.

[00:04:43] Later vision is where machines are given thousands of images and analyze those pixel by pixel

[00:04:49] like the human eye.

[00:04:51] Neural networking is where systems replicate the way humans learn.

[00:04:56] Robotics process automation is where machines enact human actions efficiently to save time.

[00:05:03] And generative AI is where systems can mimic human efforts by predicting words and images.

[00:05:10] Unlocking a world of data.

[00:05:13] Generative AI has now given rise to conversational AI or technologies like chatbots or virtual

[00:05:21] agents that can talk to people and are largely used in customer service websites, online

[00:05:27] stores and social media channels.

[00:05:31] The release of chat GPT and AI model trained to learn what humans mean when they ask a question

[00:05:37] and provide complex long form answers has taken the tech world's breath away.

[00:05:43] Launched in November 2022 by OpenAI, the biggest nonprofit dedicated to friendly AI, chat GPT

[00:05:51] can write poetry, song lyrics, essays, TV episodes and more.

[00:05:57] According to a recent survey conducted on 1000 US business leaders by job advice platform

[00:06:04] resumebuilder.com nearly 50% have admitted to using chat GPT at their companies.

[00:06:11] And India is not lagging behind.

[00:06:14] In February 2023, velocity, a Bengaluru based financial technology firm that provides e-commerce

[00:06:20] founders with necessary business insights launched Lexi India's first AI assistant

[00:06:26] powered by chat GPT.

[00:06:29] A birup made acre CEO and co-founder of velocity writes in his blog post.

[00:06:35] Ever since chat GPT launched, our product teams have been brainstorming on how it can

[00:06:41] be leveraged to benefit our founders.

[00:06:45] Since velocity customers already use insights on a daily basis we integrated chat GPT

[00:06:51] with the same interface that they leverage for driving business spending revenues and

[00:06:56] so on.

[00:06:58] Now with chat GPT their customers will be able to use Lexi for answering their queries.

[00:07:05] The power of AI would not have been possible without data.

[00:07:09] Roughly data means information and never in human history has there been such an explosion

[00:07:14] of information as today.

[00:07:17] This information is being produced collated and made available first by the world of business

[00:07:23] and increasingly by governments and the civil society to see, sense, build better profit

[00:07:30] from and sometimes even to monitor citizens or consumers.

[00:07:34] The digital universe now generates 2.5 quintillion bytes every day according to software review

[00:07:41] platform financesonline.com

[00:07:45] In computing data happens to be the formation that has been translated into an efficient

[00:07:51] format.

[00:07:52] Put simply it is the raw material produced by abstracting the world into categories, measures

[00:07:58] and other representational forms like numbers, characters, symbols, images, sounds, electromagnetic

[00:08:05] waves, baits etc., that constitute the building blocks from which information and insight

[00:08:10] is created.

[00:08:12] Since AI can analyze massive amounts of data in minutes it is being harnessed for every

[00:08:18] service.

[00:08:19] According to the International Monetary Fund data should be considered a key input in

[00:08:24] modern economic production alongside land, capital labor and oil.

[00:08:29] From polls and elections, mergers and acquisitions and serving customers to preventing crimes everything

[00:08:36] is data centric today.

[00:08:38] Data has been the key in the world's pandemic response when thousands of scientists across

[00:08:44] the world joined hands with massive data sets to discover the genomic sequence of coronavirus,

[00:08:51] identify variants of concern, design new diagnostic tests and develop vaccines at

[00:08:56] breakneck speed.

[00:08:59] Data on tests cases, vaccines, beds, ventilators and deaths have informed decision making.

[00:09:05] No wonder data is being called many things from the new oil to the new gold and the new

[00:09:12] science.

[00:09:13] The fastest growing field.

[00:09:16] AI success is becoming the rule, not the exception.

[00:09:20] It is the fastest growing field in the tech world predicted to become a trillion dollar industry

[00:09:26] globally by 2035.

[00:09:29] This means that AI will be used by every industry.

[00:09:33] Businesses are using AI to predict data on customer behaviors that are seamless end-to-end

[00:09:39] and personalized.

[00:09:40] For remote workers and students to beef up online shopping and dining options, make

[00:09:46] customer call centers more efficient or to speed develop important new drugs.

[00:09:53] AI technologies are making it easier to search, manage, filter, classify and detect text,

[00:09:59] image, audio or video processing tasks.

[00:10:03] For instance, processing face recognition in public places.

[00:10:07] It is also being used to prevent fraudulent transactions and financial services.

[00:10:13] And it's not just business.

[00:10:14] AI is coming into the hands of communities at the coal phase of challenges.

[00:10:19] A number of innovative case studies across the world show how the use of AI technologies

[00:10:25] is bringing about exponential changes that are sustainable, speedy and scalable.

[00:10:32] In Paraguay, an AI-driven poverty measurement tool, Poverty Stoplight has helped nearly

[00:10:37] 24,000 families overcome intractable economic hardship.

[00:10:43] A UNICEF initiative is figuring out the troubling question, what keeps children out of school?

[00:10:50] In countries like Chad, Medagasca, Namibia, Nepal, Togo, Zambia, Kenya and Uganda with AI

[00:10:59] enabled school profile cards to help schools and parents fix problems in their education

[00:11:04] system.

[00:11:05] Similarly, indigenous communities of the Philippines, powered by data and AI tools, are engaging

[00:11:13] with mining companies on natural resource governance and demanding their share of royalty

[00:11:18] payments for the first time.

[00:11:21] The spotlight shines on India, the world's over performer in frontier technology readiness

[00:11:27] according to the UNCTAD technology and innovation report 2021.

[00:11:33] The AI market is steadily increasing, at $12.3 billion in 2022 and predicted to grow

[00:11:40] at 42% shows the AIN research report, the state of AI in India December 2022.

[00:11:49] It shows that IT companies make up 60% of the total AI market while non-IT sectors make

[00:11:56] up 23% of the total AI market share with banking, financial services and insurance or BFSI

[00:12:04] holding 28% among them.

[00:12:07] Where does AI go next?

[00:12:09] We stand on the brink of a technological revolution that will fundamentally alter the way we live,

[00:12:16] work and relate to one another.

[00:12:18] Rites Closed Shrop Founder and Executive Chairman of World Economic Forum, the International

[00:12:24] Organization for Public Private Cooperation in his book, The Fourth Industrial Revolution

[00:12:30] 2018.

[00:12:33] Shrop argues that we are now witnessing the beginning of the fourth industrial revolution.

[00:12:39] If the steam engine has driven the first industrial revolution, electricity the second and digital

[00:12:45] computing the third, AI is the force behind the fourth.

[00:12:49] In its scale, scope and complexity the transformation will be unlike anything humankind has experienced

[00:12:56] before.

[00:12:57] AI can already do many things more accurately than humans, so where does it go next?

[00:13:04] That is the question the real world AI warriors are asking as they delve deep into the power

[00:13:10] of cutting edge technologies to develop high performance and highly sophisticated designs

[00:13:15] that help solve complex challenges.

[00:13:18] They are mining data that has never been collected before, taking on the uphill job of building

[00:13:23] their own unique algorithms, quickly implementing those to create unique designs that have never

[00:13:30] existed before, gathering feedback and refining their models to perfection.

[00:13:36] For them, the areas that AI can impact are endless, and the potential to optimize and innovate

[00:13:42] is limitless.

[00:13:45] This chapter takes you on a non-technical roller coaster ride into the world of AI through

[00:13:50] the lens of outstanding young personalities who are bringing the technology to the forefront.

[00:13:56] They help enterprises that are making effective use of AI attracting venture capital interest

[00:14:02] and global attention.

[00:14:04] They are also exploring new ways of harnessing AI for the greater good, from assistive technology

[00:14:09] for people with disabilities to food robotics that can revolutionize the way we eat and

[00:14:15] cybersecurity solutions to safeguard and protect your business from malicious attacks.

[00:14:22] Part 1.

[00:14:23] Robot Cook Me Some Home Food

[00:14:26] Like most busy couples in the nation's high technology heartland Bengaluru, Yatinwarachia

[00:14:32] and Margi led tremendously overshed old lives.

[00:14:36] The former, a techie and the latter, an MBA working in healthcare.

[00:14:41] Both loved what they did, but what they did not like was the ever accelerating pace of

[00:14:46] their lives as well as their changing relationship with food.

[00:14:51] The act of cooking and eating once a pleasurable activity was fast becoming an irritating, albeit

[00:14:58] necessary function.

[00:15:00] They were too frazzled, too tired or too busy to cook nutritious meals for themselves.

[00:15:06] They were fed up with eating out and exasperated with the astronomical rates of hard help.

[00:15:12] They were also too alarmed by the scary statistics doing the rounds.

[00:15:16] How Bengaluru's IT sector was losing billions of dollars on account of poor health and poor

[00:15:22] diet?

[00:15:23] What was the way out?

[00:15:24] Yatin started exploring.

[00:15:27] He first shared his ordeal with his network of friends about a hundred strong, half of

[00:15:32] whom lived in the US.

[00:15:34] They all echoed the same sentiments, all seemed to be scrambling for the taste of home.

[00:15:40] Some had no access to authentic Indian food while others could not deal with the pain

[00:15:44] of cooking.

[00:15:46] Many complained about their unhealthy reliance on convenient, ready-to-eat, packaged processed

[00:15:51] or restaurant food that frequently took a toll on their digestion.

[00:15:57] What could Yatin do to solve a problem that seemed to be personal as well as collective?

[00:16:04] Home cooked food without lifting a finger.

[00:16:07] That was then.

[00:16:08] Today, he is on the way to solving the problem in a unique way.

[00:16:13] Every meal he and his wife take is nutritious and freshly prepared just like home food.

[00:16:20] But too, without having to lift a finger.

[00:16:23] We are eating out of Nosh, says Yatin.

[00:16:27] Nosh is the AI-based robotic chef that 37-year-old has created along with three friends for cooking

[00:16:34] a vast range of delicacies with tastes that bring back memories of the food they grew up

[00:16:40] with.

[00:16:41] I have stopped taking food to the office.

[00:16:43] Instead, I bring food from the office to home he laughs.

[00:16:48] A little larger than a microwave, Nosh can cook over 200 dishes and is a potential game

[00:16:55] changer.

[00:16:56] Not just for the varachias but also for anyone in a time crunch or one who does not know

[00:17:02] how to cook has no time to cook or does not wish to cook yet wants to savor the flavors

[00:17:08] that once simmered on their plate.

[00:17:12] Food has sentimental associations with happy or meaningful times.

[00:17:17] The comforting memory of our past and Nosh has the potential to change the way we live,

[00:17:22] work and eat.

[00:17:25] An inventor at heart.

[00:17:27] I am a techie at heart and Gujarati by senses and I love inventing new solutions to difficult

[00:17:33] problems that require multidisciplinary innovation.

[00:17:37] Right Siyatin about himself on his social media accounts.

[00:17:41] His family in Kantoa, a small village in Gujarat can vouch for that.

[00:17:46] Even as a child he would tinker with sticks, stones, blocks and magnets to make his own

[00:17:51] toys.

[00:17:53] As a boy excited by science and technology he showed an aptitude for mechanical creativity.

[00:17:59] His father, a farmer, sent him to his uncle's place in Surat to study in a good school.

[00:18:05] After class 12 everyone wanted him to be a doctor but he wanted to do engineering and

[00:18:11] took up electronics at the Sarvajani College of Engineering and Technology in Surat.

[00:18:16] In 2008 he moved to Bengaluru to do his masters at the prestigious Indian Institute of Science.

[00:18:24] The Center for Electronics Design and Technology, CEDT at IISC was a perfect fit for Yatin.

[00:18:32] It was a course for those with a passion for hands on work.

[00:18:36] And he found his Methe in the electronic product design and interdisciplinary branch that included

[00:18:43] mechanical and electronics engineering closely linked to robotics.

[00:18:48] Around this time there was a lack of entrepreneurs and industries in the electronic product segment

[00:18:53] and very few tech startups.

[00:18:56] CEDT's focus on preparing students to become creative design leaders in electronic products

[00:19:02] and future entrepreneurs helped unleash Yatin's inner inventor.

[00:19:08] That's where I got my product orientation, not just engineering he says.

[00:19:13] It taught us how to develop a product and how the smallest thing you do can impact customers.

[00:19:19] I became more of a product engineer.

[00:19:22] As a student, Yatin worked on several products including a motion triggered camera trap for

[00:19:28] wildlife studies.

[00:19:30] I did a project on next generation camera traps for counting tigers in the Bandeepur tiger

[00:19:35] reserve he says.

[00:19:37] The camera trap project was originally conceived a few years ago at CEDT.

[00:19:42] Professor H.S. Jamadagni also an avid environmentalist started the project as a hobby, being

[00:19:49] interested in wildlife photography that did not rely on the prohibitively expensive products.

[00:19:55] It soon became more than a hobby and several of his students took part in the development

[00:20:00] and improvement of the camera traps.

[00:20:03] The problem with the earlier version was that it took quite some time to trigger.

[00:20:08] In 2009-10, Yatin worked on a newer version that was very fast.

[00:20:13] It came through because my professor had a lot of experience and we knew what customers

[00:20:18] wanted.

[00:20:19] He points out.

[00:20:21] Gathering experience and moving on.

[00:20:24] Yatin then worked for nearly four years as a design engineer with analog devices and

[00:20:30] MNC.

[00:20:31] He however did not enjoy the MNC work.

[00:20:34] He wanted to do something new that would have a long term effect on the world and finally

[00:20:39] jumped into the startup world.

[00:20:42] In 2014 he joined an early stage startup Leumas design technology to build smart backpacks.

[00:20:49] As a co-founder and chief technology officer, he researched on bringing the next generation

[00:20:55] of variables to life for over two years.

[00:20:59] On the meantime, he acquired a range of patents in the field of variables and led the company

[00:21:06] to successful products and campaigns, raising over $100,000 in Indiegogo, an American crowd

[00:21:14] fund innovation and support enterprise.

[00:21:18] After Leumas ran its course, he took to consulting to fill his time while he decided what to

[00:21:24] do next.

[00:21:26] All the work Yatin had done until then did not use AI technologies.

[00:21:31] In fact, while AI existed as a concept, not much work was happening in the field at that

[00:21:38] time.

[00:21:39] He wasn't to hardware and building world-class products ground up.

[00:21:43] I am a hardware engineer and started thinking if I could really do something to solve

[00:21:47] our food problem, say Ziyatin.

[00:21:51] While in consultancy, he also started making models of his dream project.

[00:21:56] As his confidence grew, he began giving it all his energy and effort from 2018.

[00:22:02] Yatin knew better than many others that although software had been the star of high tech over

[00:22:08] the past decades, the reliance on hardware as a core enabler of innovation was rising in

[00:22:14] all emerging applications.

[00:22:17] As the world generated more and more data each day, the need to develop new hardware

[00:22:22] to support the storm of data was imperative.

[00:22:26] Although they were just a handful of hardware enterprises in India, he knew that hardware

[00:22:31] served as the differentiator in AI.

[00:22:35] Hands on and heads on.

[00:22:38] In the meantime, he discussed his concept with Pranav Ravel, Amit Kupta and Sudeep Kupta,

[00:22:45] his friends from IISC.

[00:22:47] Together they co-founded Euphotic Labs to build Nosh, the AI-based automated cooking robot.

[00:22:55] The result to work together to provide this product to people who needed authentic and

[00:23:00] mouthwatering Indian meals, it took three years of hard work, successes and failures, six

[00:23:07] prototypes, multiple recipe restorations, and countless customer feedback for the team

[00:23:13] to create a solution that could alleviate their culinary walls and offer them with refined,

[00:23:19] pleasurable cuisine.

[00:23:22] For us, AI came as a necessity, explain Siyatin because food preparation is not just a mechanical

[00:23:28] job.

[00:23:29] You also make a lot of decisions when you cook.

[00:23:32] We realize that it's not an electro-mechanical game but one of intelligence as well.

[00:23:38] The team started building their model focusing on the cooking raw materials, the chopping

[00:23:43] sizes and the colour of dishes.

[00:23:46] Nosh was a new category product, as a result they did not have any available reference

[00:23:51] product to learn from.

[00:23:53] They had to develop multiple iterations and experiments to teach the device how to

[00:23:58] give different treatment to different foods.

[00:24:02] Of onions and algorithms, take for instance onion, a staple in every Indian kitchen.

[00:24:09] Should it be golden brown or translucent?

[00:24:12] Which kind of onion should be chosen?

[00:24:16] It was very hard, Siyatin.

[00:24:18] You could get your AI right with onions but what about the things that were to go before

[00:24:23] along with or after onions?

[00:24:25] A recipe may require curry leaves to go with it or rice or spices.

[00:24:31] If you are frying onions for a curry, the ingredients and spices should only be introduced

[00:24:36] after the onions turn golden brown.

[00:24:39] It was a problem that needed a lot of data to solve.

[00:24:43] Hence the team started building many algorithms, the first successful dish was potato fries.

[00:24:49] Boyed by the enthusiasm, they started to scale up for complicated dishes.

[00:24:55] They had to look at individual items, tomatoes, potatoes, poha and figure out how to deal

[00:25:01] with each.

[00:25:03] Their knowledge was based on two things, ingredients and cooking techniques.

[00:25:08] Building the AI was an adverse journey but the team worked on priority and built algorithms

[00:25:14] on the data they had.

[00:25:16] The first algorithm to develop was for the right cooking items.

[00:25:21] Other things like taste, aroma and texture came later.

[00:25:26] Art or chemistry?

[00:25:29] Yatin's mother threw a spanner in the works.

[00:25:32] Cooking is an art she said, you can't do it on a machine.

[00:25:36] Yatin countered with an argument that only scientists and engineers can come up with.

[00:25:42] Cooking is actually chemistry, when you add heat things happen.

[00:25:46] He also argued that cooking is not just a science, it's a natural science because things

[00:25:51] like soil type, the topography, the irrigation all change the ingredients.

[00:25:57] Yatin and his teammates realized that the right combination of time and temperature worked

[00:26:03] well in determining consistency, taste, smell and flavor in most cases.

[00:26:10] Unless the moisture content of an ingredient varied significantly.

[00:26:16] Moisture content determines how long it will take for Nosh to cook, he says.

[00:26:21] That's the key variation in the AI algorithm that we had to deal with.

[00:26:27] So how does Nosh work?

[00:26:29] First up do you need to know basic cooking?

[00:26:32] The answer is no, you really don't need to know anything.

[00:26:38] The first step is to choose the desired item for cooking, you need to load ingredients

[00:26:44] in designated containers according to instructions given on the Nosh app.

[00:26:49] The spices are stored in an inbuilt storage like a spice box at home, vegetables, paneer

[00:26:56] or meat go in the tray, it also has storing units for water and oil.

[00:27:02] Find it all inside the device and command it to cook.

[00:27:06] While the machine does the hard work, you can step out and do your own work.

[00:27:10] Once the food is cooked, you will get a notification on your phone.

[00:27:14] A standard chicken curry usually takes 25-30 minutes.

[00:27:19] Can Nosh do more than just cook your favorite meal?

[00:27:22] Yes.

[00:27:23] It can assist you with meal planning, ordering items from an automated grocer, track calories

[00:27:29] and personalize food to your preferences.

[00:27:33] Going step by step.

[00:27:35] But Yatin's work did not end here, he and his team continued to build prototype after

[00:27:41] prototype to reach perfection and reliability.

[00:27:45] In AI, reliability is a loaded word.

[00:27:49] Simply put it means the application of data analytics including AI machine learning

[00:27:54] to predict when an asset will fail or deteriorate.

[00:27:59] Know that it can be serviced or replaced on time.

[00:28:02] As more data was incorporated into the operating system, Nosh grew more flexible and adaptable.

[00:28:09] The team wanted to go step by step.

[00:28:12] First was user trials.

[00:28:14] They started taking their product to different customer groups to learn from them what worked

[00:28:19] and what did not.

[00:28:21] Funding was another challenge but they were fortunate to receive support from the government of

[00:28:25] India several investors as well as friends and family.

[00:28:29] Recently they raised a preceded round of $1 million by Bitts Park and other angel investors.

[00:28:38] They opened up pre-orders announcing a discount of 10,000 rupees, the price of Nosh is about

[00:28:44] 50,000 rupees for the early bookers.

[00:28:47] Plenty of pre-orders came from within and also outside the country, especially the NRI

[00:28:53] community.

[00:28:54] With about 2,000 pre-orders in hand they began to focus on reliability and delivery.

[00:28:59] Apart from these, they focused on two cities that attract the largest flow of people from

[00:29:04] all across the country, Bengaluru and Delhi.

[00:29:09] A Mother's Sale of Approval

[00:29:11] Yatin's Mother's initial reservation about a robotic chef has been finally put to rest.

[00:29:17] As Nosh churns out complex dishes, poha, upma, biryani, kari paneer, galik prawn, pasta,

[00:29:25] you name it.

[00:29:27] The food also does not taste like something that has not been cooked by human hands and

[00:29:32] it delivers consistent taste every time without supervision.

[00:29:36] Yatin hopes Nosh will make the experience of cooking and eating effortless in keeping

[00:29:42] with one's preference, time and health.

[00:29:45] And he dreams on.

[00:29:47] Perhaps his robotic chef will one day relieve humanity of the hassle of cooking?

[00:29:52] Fingers crossed.

[00:29:54] Part 2 Creating the Sound of Silence

[00:29:58] The story goes back to 2008.

[00:30:01] Eshwarya Karnataki was then a student of class 8 at the Scottish High International

[00:30:07] School in Gurukram.

[00:30:09] The school had a separate section for students with disabilities.

[00:30:13] As a member of the student council, one of her key responsibilities was to interact with

[00:30:18] these children.

[00:30:19] She noticed that while all of them had friends, Atharva, a six year old boy played alone during

[00:30:26] recess.

[00:30:28] She soon found out that he had a hearing impairment and since no one understood sign language,

[00:30:33] he was unable to be part of what was happening around him.

[00:30:37] So Eshwarya started learning sign language and one day asked him, will you be my friend?

[00:30:43] He was ecstatic.

[00:30:46] Now as Eshwarya looks back she recalls how Atharva made her realize that the ability to communicate,

[00:30:54] connect, share thoughts and build relationships is a basic human need.

[00:30:59] Ever since I wanted to do something for those with hearing impairments.

[00:31:04] And that is exactly what she has done.

[00:31:07] Along with Pune based engineer and data scientist Parikshith Millen Soning, who has worked closely

[00:31:12] with people with hearing impairments, she created the AI-powered device 5th Sense.

[00:31:19] 5th Sense helps those with hearing impairments communicate effectively without being dependent

[00:31:24] on a sign language interpreter, she says.

[00:31:27] And it provides equal learning and employment opportunities for them.

[00:31:34] Hearing Assistive Tech

[00:31:36] Hearing loss is the most common sensory deficit today.

[00:31:40] According to the World Health Organization WHO, there are more than 2.5 billion people

[00:31:46] or 1 in 4 across the world who live with hearing impairments.

[00:31:51] Over 430 million of them have disabling hearing loss as per the 2021 WHO Report World

[00:31:59] Report on Hearing.

[00:32:01] AI innovations have the potential to tackle this challenge.

[00:32:05] One sector in particular, AI Assistive Technology or AT has created new buzz.

[00:32:12] AT is a 25 billion dollar global market of specialized products that improve the lives

[00:32:19] of individuals with disability especially in terms of human connection everyday life

[00:32:25] and employment.

[00:32:27] A host of startups are working to develop and deploy new designs with this technology globally

[00:32:33] although 90% of those who need it do not have access.

[00:32:37] Reports the first global report on Assistive Technology, great 2022 of the WHO.

[00:32:45] In India too, the sector has witnessed a significant amount of interest from early stage

[00:32:51] startups and angel investors in the last 5 years.

[00:32:55] An Invisible Disability.

[00:32:58] The advances in AT are transforming many fields but have yet to make an impact on hearing.

[00:33:05] Even with recent advances in AI, there are more devices for those with visual impairments

[00:33:11] than for those with hearing impairments possibly because the former is a self evident disability

[00:33:17] while the latter is invisible.

[00:33:20] The biggest challenge is that millions of deaf people rely on sign language, a mode of

[00:33:25] communication not broadly understood by others.

[00:33:28] What's more, these languages vary from country to country and even in different parts of

[00:33:34] the same country.

[00:33:35] This creates a huge gap in how technology for the hearing impairment can become flexible,

[00:33:40] scalable and sensitive catering to a wide range of people.

[00:33:45] Most of the technology on hearing can augment people's ability to hear sound, hearing aids,

[00:33:52] listening and personal sound amplification products to co-clear implants.

[00:33:58] But these support those who can hear to an extent, rather than those who have total

[00:34:03] hearing impairments.

[00:34:05] Others are designed to alert the hearing impaired about specific events that would usually be

[00:34:11] announced audibly via light, vibration or a combination of the two.

[00:34:16] The third category is communication technologies which deploy keyboards, touch screens or video

[00:34:22] technologies apart from tools to translate speech, text and sign.

[00:34:28] This category is improving rapidly and this is the category that fifth sense belongs to.

[00:34:34] The power of fifth sense.

[00:34:37] Imagine a hearing and speech disabled patient having a private conversation with his or her

[00:34:43] doctor without an interpreter in the room.

[00:34:46] Think of a deaf person giving a confident presentation to a room full of people.

[00:34:52] Consider parents hearing, I love you from their deaf child for the first time.

[00:34:58] All these can become real with fifth sense.

[00:35:01] We wanted to bridge this communication gap and empower hearing and speech impaired people

[00:35:06] to lead independent and dignified lives.

[00:35:09] Mishwaria says she has developed the hardware while Parikshith has built the software.

[00:35:15] Fifth sense has been designed both as smart watches as well as gloves.

[00:35:19] It can convert gestures to speech and text and has an ergonomic design that is comfortable

[00:35:26] to wear, even for long term and sustained use.

[00:35:29] It is also easy to use and set up.

[00:35:33] The device makes for two-way communication with an inbuilt microphone that converts sounds

[00:35:38] to text or image format.

[00:35:40] It also enables the learning of Indian Sign Language through real-time feedback mechanism.

[00:35:46] The ultimate point of fifth sense is seamless communication between sign language users

[00:35:52] and the hearing or speaking community.

[00:35:56] Passion for Startups

[00:35:58] Growing up, the ability to communicate and connect was a vital tool for Eshwaria.

[00:36:03] Her engineer father, currently the managing director of DL Mittels, worked in jobs that

[00:36:09] took him across the country and the world.

[00:36:12] Born in Nasik, she too travelled across the globe and was brought up in cities across

[00:36:18] continents.

[00:36:19] In her first 18 years, she lived in 11 cities, adjusting and making new friends time

[00:36:25] and again.

[00:36:26] Most of her schooling was done in the US, class 10 in Guru Gram, class 12 in Delhi and

[00:36:32] engineering in Manipal, before settling down with her parents in Pune.

[00:36:37] As an electrical engineer from Manipal University which is known for its vibrant startup ecosystem,

[00:36:44] Eshwaria developed a passion for Startups.

[00:36:47] This was my third startup, the 29-year-old says.

[00:36:51] Her first came about in 2016.

[00:36:54] Called MACJ Home Inspection Services, it uses infrared scanning to check the effectiveness

[00:37:01] and quality of a building's construction.

[00:37:04] Her mother and MBA now looks after this startup.

[00:37:08] This second was a facility, ElectroSensei which looked into other transport equipment

[00:37:14] manufacture.

[00:37:16] This startup didn't work but both definitely taught me something, she says.

[00:37:22] Combining her sign language skills and knowledge in electronics, the idea of fifth sense was

[00:37:28] born.

[00:37:29] Her startup takes flight.

[00:37:31] It was in January 2020 when Eshwaria met Parikshith to discuss her idea.

[00:37:37] Parikshith is a mechanical engineer who had graduated from Pune University in 2014.

[00:37:44] He worked various engineering jobs for a few years before realizing that his calling

[00:37:49] was slightly different and started exploring other opportunities.

[00:37:54] That's how I stumbled upon the world of data science, he says.

[00:37:58] He did a six month full-time course on big data and analysis from SP Gen Institute of

[00:38:05] Management and Research in Mumbai.

[00:38:08] For the last five years he worked for multiple corporations in the domain of finance and data

[00:38:14] science, developing extensive experience in predictive analytics, the use of data, statistical

[00:38:22] algorithms and machine learning to identify the likelihood of future outcomes.

[00:38:27] He also taught data science in a part-time capacity at Pune.

[00:38:31] I'm really passionate about data science, says the 31 year old so when Eshwaria told me

[00:38:38] about her idea I was thrilled and what they planned to do had arguably not been tried

[00:38:44] before.

[00:38:45] We actually got the chance to develop the entire technology from scratch, implement

[00:38:50] the AI algorithm and create something new.

[00:38:53] It was a very exciting journey.

[00:38:55] On top of that, the social aspect was immensely motivating for him.

[00:39:00] He two new people with speech and hearing impairments.

[00:39:04] I was instantly hooked on the idea.

[00:39:07] I could see that it would impact many people in a very positive way.

[00:39:12] They registered their company, Glowatrix Private Limited on 1st April 2021.

[00:39:18] As their startup took flight they also got funding commitment from Jito, Jan International

[00:39:24] Trade Organization in May 2022.

[00:39:29] How do I use 5th Sense?

[00:39:31] As a user, you have to wear 5th Sense on both hands because sign language requires both

[00:39:37] hands.

[00:39:39] Once you wear it, you have to connect the device to the app on your mobile phone.

[00:39:44] Then you press the button on the device, perform the sign language gesture and press the

[00:39:49] button again.

[00:39:51] Because the algorithm needs to know when you are signing and when you are making random

[00:39:55] gestures with your hands.

[00:39:57] Then it will speak out in the primary output which is English.

[00:40:02] The device enables two way communication.

[00:40:05] The person with hearing impairment will be able to express what they are saying because

[00:40:10] the device will translate their gesture to speech.

[00:40:13] They will also understand the reply they are receiving.

[00:40:16] The device has a microphone to capture what the other person is saying and convert that

[00:40:21] to text and images on the screen.

[00:40:24] Apart from this, there is a sound detection circuit diagram.

[00:40:29] People with hearing impairments miss out on a lot of audio cues say the dog barking,

[00:40:36] baby crying, points out ashrere.

[00:40:38] New mothers who are deaf suffer from anxiety because of this.

[00:40:43] This device also captures background sound and sends notifications.

[00:40:48] A brand new data soup.

[00:40:50] In the end, everything comes down to data.

[00:40:53] What is data in this context?

[00:40:55] Here is a quick and easy explainer of all the steps ashrere and parikshith have taken

[00:41:00] in the course of developing their startup.

[00:41:04] Parikshith says, let's say you are trying to set a computer vision algorithm.

[00:41:09] So we show the picture of a dog to a mobile camera and it identifies it as a dog.

[00:41:14] In this case, the data needed would be millions of images of dogs for the computer to learn.

[00:41:21] Sounds complicated but in reality it is rather simple.

[00:41:25] There are millions of images out there for doing this.

[00:41:28] A process called computer vision algorithms.

[00:41:31] One can directly download and train the computer.

[00:41:34] For fifth sense, they say the algorithm is the first of its kind and has never been

[00:41:39] attempted before.

[00:41:41] And the data they require is also not exactly out there.

[00:41:45] This has been one of their biggest challenges.

[00:41:48] So how do they collect their own data set?

[00:41:51] The entire technology is based on motion sensing.

[00:41:55] The device has six motion capture sensors for each hand to monitor and map the movement

[00:42:01] of hands and each finger, both linear acceleration as well as rotation when a person does a gesture.

[00:42:09] That allows a real time understanding of how fast the hands and fingers are moving and

[00:42:15] in which direction.

[00:42:16] Each of these movements is matched to a particular word.

[00:42:20] This movement is the data.

[00:42:22] This data is a string of numbers.

[00:42:25] The duo has been giving the device to people with hearing impairments and asking them to make

[00:42:30] each gesture multiple times.

[00:42:33] This enables them to capture variability in that gesture.

[00:42:37] For each word and gesture, therefore there is a series of data that they interpret for

[00:42:42] converting to text.

[00:42:45] The sign of the times.

[00:42:47] Ashwarya and Parikshita are essentially compiling a complete dictionary of such gestures.

[00:42:53] India doesn't have a standard sign language.

[00:42:56] After a long campaign by the Deaf community, however, the government of India has set up

[00:43:01] the Indian Sign Language Research and Training Centre under the Ministry of Social Justice

[00:43:06] and Empowerment.

[00:43:08] Since 2018 it has been actively developing the Indian Sign Language.

[00:43:13] Right now it has agreed to around 20,000 words using which a person can hold a full

[00:43:19] conversation.

[00:43:22] Every year, multiple gestures and words are being recorded and added.

[00:43:27] The current vocabulary size of the Indian Sign Language Dictionary is 20,000.

[00:43:32] That means 20,000 different gestures with N number of terms covering everyday legal,

[00:43:38] academic, medical and technical usage.

[00:43:42] All these terms are already there for them to train in and this has helped the duo to

[00:43:48] solve one of the biggest problems, the standardization of the Indian Sign Language.

[00:43:54] They are also working to incorporate the American Sign Language.

[00:43:58] An algorithm that works.

[00:44:01] Sign language sentence construction and grammar are not exactly similar to English.

[00:44:07] In most cases, the word comes towards the end of the sentence so the machine learning

[00:44:12] algorithm from gesture data will first try to identify most of the words that are being

[00:44:18] said.

[00:44:19] Then these words will be sent into the sentence reconstructing algorithm where they can

[00:44:25] change the grammar and make it suitable for the user.

[00:44:29] Then it will be broadcasted to the speaker.

[00:44:32] This is where AI natural language processing or NLP predominantly used for translation

[00:44:38] from one language to another or from voice to text comes into play.

[00:44:44] In this case however the translation is from the sensor data that is being generated.

[00:44:50] Essentially it is a machine translation approach but from motion sensor data to English text

[00:44:56] happening in real time, a bit like virtual assistant apps such as Alexa, Siri or Google

[00:45:03] Assistant.

[00:45:05] We have been developing for the last two and a half years now, says Parikshith.

[00:45:09] So we have made multiple iterations of the hardware because hardware development is very

[00:45:14] tough.

[00:45:15] We have to try a lot of iterations of the components and research to figure out what

[00:45:20] exactly is working for us.

[00:45:23] Right now we are finalized our hardware, he adds.

[00:45:26] All the functionality that we are proposing in our final devices is already there.

[00:45:31] And we have already manufactured 15 pairs of the devices.

[00:45:36] The beta product.

[00:45:38] Right now the beta product is in two different formats, a smartwatch with strings attached

[00:45:43] to the finger and a pair of gloves with all the wires concealed inside.

[00:45:48] The glove will be open, all the fingertips being exposed so that one can use the fingers

[00:45:53] for everyday activity.

[00:45:55] A screen inside the left palm shows all notifications on background sound such as the door

[00:46:01] bell, cooker whistle, fire alarm and so on.

[00:46:04] The primary language is English but there is unlimited scope for translating it into

[00:46:10] any local language of the user.

[00:46:13] Algorithms for converting English into local languages already exist.

[00:46:17] Work is on to identify words most commonly used in specific workplace settings and develop

[00:46:24] algorithms for those first.

[00:46:27] The initial go to market strategy is to launch the device as a workplace communication tool.

[00:46:33] Fifth sense virtually has no competitors.

[00:46:36] There have been some attempts to solve the problem via vision based technology.

[00:46:41] Google smart classes for instance can translate the American sign language and project it in

[00:46:47] front of a user's eyes like real time subtitling.

[00:46:52] The technology however is not foolproof and must have an ideal setting.

[00:46:57] In our technology we are monitoring the movement of the fingers in three dimensions, in real

[00:47:02] time we don't need any ideal conditions but it should point out.

[00:47:07] The first client's.

[00:47:09] Their first client was Tereson Kitchenenbar, a restaurant on Ferguson College Road in Pune

[00:47:15] which is run by people with speech and hearing impairments.

[00:47:19] They looked for pain points that the staff might be struggling with as well as opportunities

[00:47:24] to solve those problems with the device.

[00:47:27] With menu card showing how to order in sign language it seemed the initial interaction

[00:47:32] went off well.

[00:47:33] Issues however arose when there was any request for customization.

[00:47:38] For instance if you want say pasta without onion, the waiters will not understand, points

[00:47:44] out asheria or if a waiter wants to say they don't have onions,

[00:47:49] they are not able to communicate.

[00:47:51] Hence they had to recruit a hearing manager as interpreters.

[00:47:55] Asheria and Parikshit got in touch with others such restaurants for instance Mirchi

[00:48:00] and Maim and Ishara in Mumbai.

[00:48:03] Everywhere it was evident that waiters and staff members with hearing impairments would

[00:48:08] seldom be promoted owing to their disability.

[00:48:12] We pitched our device and they were all happy.

[00:48:15] Says Asheria, we are working with them now.

[00:48:19] The duo used these experiences to incorporate 300 gestures and restaurant specific words

[00:48:25] using which waiters would be able to hold conversations with their customers.

[00:48:31] They also prepared 26 alphabets to enable the waiters to string sentences together.

[00:48:37] Apart from restaurants they found many other businesses that hire deaf people including

[00:48:42] KFC, Decaflon, PVR cinemas, lemon tree, blinket, miracle courier and others.

[00:48:51] Gaining new insights.

[00:48:54] Developing the device has given Asheria and Parikshit a sharp insight into grievances faced

[00:48:59] by people with hearing impairments.

[00:49:02] For one of their initial surveys they went to the CR Ranganathan College for the Deaf in

[00:49:07] Pune to interact with students.

[00:49:10] This is the only college in Maharashtra where students with hearing impairments can do

[00:49:14] graduation courses.

[00:49:17] We found that students could grasp only 30% of what teachers were saying.

[00:49:21] They need constant eye contact in order to perceive and understand facial expressions.

[00:49:27] In a classroom setting this is particularly difficult as teachers often turn to the board

[00:49:32] and eye contact is lost.

[00:49:34] Says Asheria.

[00:49:36] She also recalls the heartbreaking story of a new mother they interviewed.

[00:49:41] A one day the baby fell and started crying but she could not hear for a long time.

[00:49:47] When she finally took her baby to the hospital the doctor could not understand her sign language.

[00:49:52] It was a nightmare but that sort of trauma is part of their everyday life.

[00:49:58] People with hearing impairments also have a perennial dependence on translators and interpreters.

[00:50:03] While they have to shell out money constantly the presence of a third party is an infringement

[00:50:09] on their privacy.

[00:50:10] Many have bachelor's degrees but end up with low paying manual jobs at companies because

[00:50:16] of their disability.

[00:50:18] They suffer from low self-esteem and need to go for counseling but how will they talk

[00:50:22] to counselors?

[00:50:24] Hopefully our device will help them all.

[00:50:27] The clock is ticking.

[00:50:30] The fifth sense is ready to roll.

[00:50:32] Priced at 25,000 rupees per pair it is slated to reach the restaurants in the next three

[00:50:38] months.

[00:50:39] Business to consumer transactions will follow soon.

[00:50:43] Parikshit is now looking after both hardware and software development while Asheria who

[00:50:48] calls herself a people's person is busy looking after the business side of things.

[00:50:54] Here is hoping the device will create a win-win situation for both investors and the people

[00:50:59] they are trying to serve.

[00:51:01] Part 3 The Cyber Warrior

[00:51:04] Saket Modi has a success mantra.

[00:51:08] It sounds deceptively simple but is singularly hard to follow.

[00:51:13] Seeing things that others miss and doing things not meant to be done that way.

[00:51:19] That is the key that has made Saket India's brightest name in cyber security and ethical

[00:51:24] hacking.

[00:51:25] The co-founder and CEO of Safe Security is today a global name.

[00:51:30] His company leverages AI to protect the digital infrastructure of multiple Fortune 500 companies

[00:51:37] around the world from malicious cyber attacks in real time while measuring, predicting and

[00:51:43] managing safety breach likelihood.

[00:51:46] Based out of Palo Alto, California, Safe Security is considered a pioneer in its space.

[00:51:52] It is also the world's first inside out quantification and underwriting platform to provide

[00:51:58] continuous assessment of cyber risk.

[00:52:01] All of that success had to begin somewhere.

[00:52:04] Born in Calcutta in 1990, Saket got the opportunity to use his way of thinking and possibly

[00:52:10] his first taste of success when he hacked into the IT system of his school to access a chemistry

[00:52:17] exam paper.

[00:52:18] A subject he was not too fond of.

[00:52:21] The teacher had stored it in a password protected word doc and the class 12 student had downloaded

[00:52:26] a brute force cracker free from the internet to gain unauthorized access.

[00:52:32] It, however, turned out to be too much of an ethical dilemma.

[00:52:36] He confessed to the authorities but the sheer joy of being able to do it was too exhilarating

[00:52:42] to forget.

[00:52:43] As morning shows the day one could safely have predicted his future course.

[00:52:49] Those were no enigma to 33 year old Saket.

[00:52:53] His father Sunil Kumar Modi, a long time stock market advisor, had started his journey in

[00:52:59] computer education and multimedia as a business partner to arena animation.

[00:53:04] A training school that offers job oriented courses in animation, multimedia and web designing.

[00:53:12] Saket moved from Calcutta to Jaippur to study computer science at the LNM Institute of Information

[00:53:17] Technology.

[00:53:19] Even as a student, he started giving tutorials, seminars and workshops on ethical hacking

[00:53:25] and cyber forensics which were attended even by doctoral students of computer science.

[00:53:31] The workshops became so popular that Saket started charging a fee to attend premium institutes,

[00:53:37] IITs, IIMs and over 100 colleges in India and outside the country.

[00:53:44] Let's spread the word.

[00:53:46] The passion for raising awareness around cyber security turned into a freelancing opportunity.

[00:53:53] In 2012, Saket set up Lucidius and IT risk assessment and digital security services firm with

[00:54:00] two of his friends, Vidith Bukshi and Rahul Tiagi.

[00:54:05] They were then just 4th year students.

[00:54:08] The trio operated with capital from family and personal savings at the Incubation Centre

[00:54:13] of IIT Bombay, SINE.

[00:54:16] Saket the chief sales officer signed 100 customers in the first two years of operation with zero

[00:54:23] marketing budget.

[00:54:24] He also continued to speak on various IT and entrepreneurship verticals from the Confederation

[00:54:30] of Indian Industry and Data Security Council of India to CEBIT Germany and Cyber Technical

[00:54:37] Israel.

[00:54:39] The year 2016 was particularly notable for hacking incidents in India.

[00:54:44] First, there was massive data breach of millions of debit cards indicating a broader risk

[00:54:49] to the banking sector.

[00:54:51] Then, a group of anonymous hackers which called themselves Legion took over the Twitter

[00:54:57] handles of prominent Indians.

[00:54:59] By this time, Lucidius had major clans including ICICI bank, Standard Chartered Bank, Tata

[00:55:06] Play DTH Services, Indigo and food chain such as Speedza Hut and KFC.

[00:55:13] The companies Clientel also included the ministries of Home, Finance, Corporate Affairs and

[00:55:18] Defence.

[00:55:19] The company also did a security assessment of the Beam Mobile Payment app developed by

[00:55:23] the National Payments Corporation of India.

[00:55:26] Then the Reserve Bank of India asked Lucidius to hack into the IT system of India's central

[00:55:31] bank to identify weak spots and strengthen cybersecurity.

[00:55:36] By 2017, Sarkid had shot to national prominence.

[00:55:41] First for a TV program where he shared a panel with the minister and several top officials

[00:55:46] of the Union IT Ministry and said, your smartphone can be hacked in 20 seconds.

[00:55:53] The nation sat up and took note when he casually asked for a phone from the studio audience

[00:55:58] and accessed its call logs, messages, contacts and GPS history all within 20 seconds.

[00:56:06] The 22nd YouTube clip went viral.

[00:56:10] The limelight shown on Sarkid for two more reasons.

[00:56:13] His company clearly had access to some of the most sensitive data in the country.

[00:56:18] And unlike most other startups in India, Lucidius was already making profits to the tune of

[00:56:24] 1.3 crore rupees.

[00:56:28] AI in Cybersecurity

[00:56:31] Over 2,200 cyber attacks take place each day.

[00:56:36] A mid-sized company gets alerts for over 200,000 cyber events every day.

[00:56:42] Over 560,000 new pieces of malware are discovered a day.

[00:56:48] There has been an 87% increase in malware infections over the last 10 years.

[00:56:54] Malware attacks cause an average loss of 50 days in time for businesses.

[00:57:00] The average cost of a data breach globally has hit $4.35 million.

[00:57:07] As cyber attacks grow in volume and complexity, AI in Cybersecurity is helping improve how security

[00:57:15] experts analyze, study and understand cyber crime.

[00:57:20] Sarkid's pitch to the chief information security officers of companies focuses on this.

[00:57:26] Nothing is more important than quantifying your risk.

[00:57:31] AI with its incredible capacity to harness data can easily cut through the noise of millions

[00:57:38] of daily cyber incidents to curate and quantify threat intelligence, recognize data patterns,

[00:57:45] identify new malware, generate alerts and protect sensitive data for organizations.

[00:57:52] The threats that business networks face are not constant.

[00:57:56] They change as attackers frequently change their tactics.

[00:58:00] This makes it difficult to detect every variant of malware and prioritize security

[00:58:06] tasks for cyber personnel in a company.

[00:58:09] Machine learning is ideal for drawing on data from any type of malware

[00:58:14] that has previously been detected.

[00:58:16] As a result, when a new type of malware surfaces, the system may compare it to the database,

[00:58:23] analyze the code and prevent the attack.

[00:58:26] This method works even when a dangerous code is concealed within enormous volumes

[00:58:31] of innocent code. A network monitoring tool powered by AI can track what users do regularly,

[00:58:39] spot anomalies and react accordingly by evaluating this data, a major advantage in a continuously

[00:58:46] changing world. Silicon Valley to Safe

[00:58:50] Lucidius scans IT systems of its clients for possible hacking or malware attacks

[00:58:57] and suggests remedies and services if the systems are found to be vulnerable.

[00:59:04] Early on, Lucidius' vision was to work on digital risk.

[00:59:08] As the company won funding from venture capitalists as well as grew its revenue,

[00:59:14] the Safe Product line came into existence.

[00:59:18] Safe, which stands for Security Assessment Framework for Enterprise, could assess risk across

[00:59:25] people, processes, technology, products and customers helping with prioritized decision-making.

[00:59:32] A client could now view the real-time status of its IT framework on a smartphone and monitor potential threats.

[00:59:40] In 2018, Sakeeth had a chance encounter with John Chambers, Silicon Valley Luminary

[00:59:46] and former CEO of Cisco, one of the largest technology companies in the world,

[00:59:52] as well as CEO of JC2 Ventures, which helps disruptive startups around the world build and scale.

[01:00:00] Soon, JC2 led an investment round that pumped $4 million into Lucidius. Sakeeth moved to the

[01:00:08] US and his co-founders remained in India. Chambers became his mentor, setting the culture of his

[01:00:15] company, Product Vision, go-to-market strategy and more. In 2019, Lucidius raised $7 million

[01:00:24] in venture funding. The fledgling company became India's highest valued cyber security startup,

[01:00:30] with triple-digit growth and more than 500 employees in the US, India and Singapore.

[01:00:37] The Safe Platform has made the company a game-changer in the cyber security space.

[01:00:42] A completely new category of product that makes cyber security threats,

[01:00:47] free from technical jargon, helps create a cyber-risk scorecard for the IT system

[01:00:53] and allows the CEO to make informed decisions.

[01:00:58] It's SafeMe mobile app empowers consumers to easily monitor and understand

[01:01:04] their cyber risk across all the devices and digital platforms they frequent,

[01:01:09] such as Google, Twitter or Facebook in real time. It also includes short videos and quizzes

[01:01:16] on safe practices to follow while using social media platforms against email and SMS scams

[01:01:23] and other apps that compromise one's privacy. Taking on the hackers,

[01:01:29] the last few years have seen multiple Fortune 50 brands procuring Safe

[01:01:34] and a slew of awards coming in but fighting cyber crime has no room for complacency.

[01:01:41] Hackers are no longer 15-year-old nerds sitting conspiratorially in a garage with a laptop

[01:01:48] trying to identify weaknesses in a network, crack an algorithm and gain unauthorized access.

[01:01:55] Hacking is now a fast professionalising industry often sponsored by states.

[01:02:01] Criminal groups and terrorists are also some actors out there. They are all well-funded,

[01:02:07] equipped and trained. So what does Lucidius do? With rebranding in 2021 from Lucidius to safe

[01:02:14] security, Sarket has distanced himself from the hacking industry. The new name indicates

[01:02:21] branding from services to products. Sarket has also moved into cyber security training

[01:02:27] as a way to build a pipeline of cyber security professionals across industries who are in short supply.

[01:02:34] The startup has recently tied up with several universities in India to start post-graduate

[01:02:40] diplomas in cyber security and law. We want to create an army of cyber warriors,

[01:02:47] the engineers of tomorrow say Sarket and it's no surprise considering how staying one step ahead

[01:02:53] of the crowd has always been his USB. Igniting ideas for impact is an audiobook published by

[01:03:01] the Better India in association with Accenture India. Find out more about Accenture India's initiatives

[01:03:08] at www.accenture.com slash IN-EN. Author Damyantidatta, edited by Divya Setu and Tanya Singh.