Can a former naval officer turned entrepreneur revolutionize the way companies adopt cutting-edge AI solutions? Shayak Mazumder, founder of Adya.AI and Atma, believes he can.
In a world increasingly reliant on technology, artificial intelligence (AI) is no longer a future concept, but a driving force behind innovations. However, the cost and complexity of implementing AI solutions continue to pose significant hurdles for many companies. Shayak Mazumder, a former Indian Navy officer and experienced entrepreneurrecognized this challenge and embarked on a mission to democratize AI and make it accessible and affordable for everyone. In this exclusive interview with TICEMazumder reports on his journey from the naval forces to the forefront of the AI revolution.
Adya.AI: Simplifying AI adoption for businesses
“Fundamentally, at Adya we believe that AI is as big a change as the Internet was,” explains Mazumder.
Its platform, Adya.AI, simplifies AI adoption by enabling companies to develop customized AI solutions tailored to their specific needs, significantly reducing the time and cost associated with traditional AI development.
This is achieved through Adya.AI’s own powerful language models, which are not only more cost-effective but also outperform industry giants like OpenAI.
“We have launched our own models that perform 20 to 25 times better than OpenAI, better than the best models in the world, and yet cost 90% cheaper,” says Mazumder.
This allows smaller companies that may have previously been excluded from the AI market to harness the power of this technology. Imagine if a small retailer could analyze customer data with the same complexity as a large multinational corporation or a local school using AI to personalize instruction for each student. This is the potential that Adya.AI unlocks.
Atma: Navigating India’s Digital Trade Revolution
Mazumder’s vision goes beyond AI to address the challenges businesses face in tackling India’s rapidly evolving digital landscape. Its platform Atma (Adhya’s Atma Nirbhar Technology Marketplace) enables businesses to effortlessly build applications on the Open Network for Digital Commerce (ONDC), a government-backed initiative aimed at revolutionizing e-commerce in India.
ONDC aims to level the playing field for small businesses and large e-commerce giants. However, building applications for ONDC can be complex and time-consuming. Atma simplifies this process and enables companies to quickly launch and customize their own ONDC applications, opening up new opportunities for growth and expansion. This is particularly beneficial for small businesses in India looking to tap into the growing online market.
From Naval Officer to Technology Entrepreneur: An Unconventional Journey
Mazumder’s entrepreneurial journey is as remarkable as his ventures. From serving in the Indian Navy to running successful businesses in Goa and Singapore, his journey has been one of resilience, adaptability and a constant thirst for knowledge. He even pursued an MBA at INSEAD after being rejected by 150 companies, proving his unwavering determination.
This diverse background has given Mazumder a unique perspective on business and technology. His experience in the Navy taught him the importance of discipline, leadership and strategic thinking, while his entrepreneurial ventures sharpened his ability to recognize opportunities and overcome challenges. This combination of skills and experience makes him ideally suited to lead Adya.AI and Eunimart in their mission to democratize technology.
Advice for aspiring entrepreneurs: perseverance and value creation
“Giving up isn’t necessarily a bad thing;“ Mazumder advises aspiring entrepreneurs, “Assuming you are on a journey that you know will not lead to success.” He emphasizes the importance of prioritizing health, family and employees while always striving to create value for customers.
He believes in them “Band philosophy” – Recognize a real need, plan the launch of a product or service correctly and target the right target group. This customer-centric approach, coupled with a focus on creating real value, forms the cornerstone of his entrepreneurial philosophy.
Mazumder’s story is an inspiration to anyone who dreams of making a difference. His ventures Adya.AI and Eunimart are poised to revolutionize the way companies adopt and use technology and drive innovation and growth in the age of AI. He is a true testament to the power of passion, perseverance and belief in making technology accessible to all.
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