Kolkata Investment：Positioning artificial intelligence startup Geoiiq to help companies simplify the expansion strategy

The importance of a suitable place for business success has long been recognized.Factors such as distance, population density, population statistics and local culture can also affect passenger flow and consumer participation.Traditionally, before the launch of products or services in new areas, enterprises rely on investigating agencies to collect relevant data.However, with the advancement of technology, the process of data collection and generation of operating insights can become more efficient, enabling enterprises to make more wise decisions.

GeoIQ is a Pangarore's location artificial intelligence startup, which provides operating consumer insights for enterprises to dig out offline demand and promote faster expansion.The company has cooperated with Lenskart, Hul, Caratlane, GIVA, SWIGGY, STOVEKRAFT and CultFit.

We interviewed the company's co -founder and chief executive officer Davashfalia to learn more about this startup, how it works, and so on.

Can you explain what problems GEOIQ tries to solve and how to solve it?

Everyone likes to talk about data, and it is relatively easy to collect the online world.However, navigation in offline space is a different challenge.

Suppose I come from a small town.My purchase decision is not only influenced by online activities, but also based on me, local events and neighbors.The goal of GEOIQ is to capture these real world behaviors and help companies make more wise decisions.

In order to further understand, let's use Lenskart to open a new store in a city as an example.Although online data can provide some opinions, it does not depict the whole picture.We provide data support for the company, including the average income of people in specific areas.

For example, if the target audience is an individual with an annual income of more than 1 million rupees, we can provide detailed information about the exact position of these people in the city.This detail level enables us to answer which brands such as, where the target audience often appears, and which streets in Delhi have attracted the highest passenger traffic in the fashion accessories market.

In addition, we predict that companies can generate potential income from specific property.

How do you ensure that your technology provides higher accuracyKolkata Investment?

We cover more than 600 data sources, including local government reports and investigations, public data sets, and rental property lists.We also use satellite images.Our goal is to use artificial intelligence to cover a 360 -degree vision.Mumbai Wealth Management

In addition, the data is in the original format.Our internal teams, including data scientists, use proper algorithms to handle them.We also do manual intervention to ensure the company's accuracy.We have seen that the accuracy rate of the correct information has reached 85%to 95%.

In the near future, what new functions and extensions of Geoiiq can we look forward to?

One of our excitement is to increase a new field of insight -passenger flow estimation.At present, there is no enough place to get such reliable data.We will also invest in improving our technology and expanding our business.

It is worth mentioning that we did not chase new customers.Many companies will find us automatically.When the founder told investors that when they plan to open 100 stores and we need some funds, investors will ask them how to perform the plan.In fact, investors have recommended GEOIQ to the founders who want to expand offline business.

India's artificial intelligence industry is developing rapidly and has made significant progress in many fields.

Industry scale: India's artificial intelligence industry is rapidly expanding, attracting a large number of investment and startup companies.Many global technology companies have also established R & D centers in India, further promoting the development of artificial intelligence technology.

Technological innovation: India's technological innovation in the field of artificial intelligence is very active.Indian research institutions, universities, and startups are actively developing research and applications of artificial intelligence technology.In the fields of voice recognition, image processing, natural language processing, Indian artificial intelligence companies have achieved a series of important results.Agra Stock

Application: India's artificial intelligence industry has made significant progress in terms of application.In the fields of medical care, finance, education, transportation, artificial intelligence companies in India have developed many innovative applications, such as intelligent diagnosis, intelligent investment advisory, intelligent education, etc.These applications not only improve the efficiency and quality of related industries, but also provide a broad market prospect for the development of the Indian artificial intelligence industry.

Talent training: India has a huge artificial intelligence talent team, including ordinary R & D personnel and academic authority.These talents provide strong support for the development of the Indian artificial intelligence industry.At the same time, India's higher education system is constantly strengthening education and training in the field of artificial intelligence, and has cultivated more high -quality talents for the industry.Kolkata Wealth Management

However, the development of the Indian artificial intelligence industry also faces some challenges.For example, backward infrastructure, data security and privacy protection issues have restricted the widespread application of artificial intelligence technology.In addition, India's laws and regulations and regulatory policies also need to be further improved to adapt to the development and application of artificial intelligence technology.

In general, India's artificial intelligence industry is developing rapidly and has made significant progress in many fields.In the future, with the continuous progress of technology and the continuous expansion of application scenarios, India's artificial intelligence industry is expected to continue to maintain rapid growth.

Guoabong Wealth Management