Rajesh Sinha, Founder and Chairman, Fulcrum Digital.
Fulcrum Digital Inc. which gives digital options to prospects, mentioned it will invest in Culinary Digital, it’s food expertise business to assist its purchasers to scale back value with the deployment of options based mostly on Artificial Intelligence (AI) and data technologies.
“We will invest in Culinary Digital to further strengthen our growth in that area,” mentioned Rajesh Sinha, Founder and Chairman, Fulcrum Digital.
He mentioned the corporate was doubling down on AI and data technologies to assist purchasers assess their data maturity and take it to the subsequent degree to monetise it.
To help this, the corporate has created its personal platform referred to as FulcrumOne.ai. “Many companies can create their own AI platform, but they can also use ours,” he mentioned.
For visualisation of the data, the corporate helps with technologies reminiscent of digital actuality, pc visioning, and edge AI in order that purchasers can current the data in an easy-to-understand method for customers.
“Therefore, we are also doubling down on the experience layer. When it comes to data monetisation with FulcrumOne.ai, augmented reality, virtual reality, and computer visioning are on the creative side,” he mentioned.
Additionally, it’s engaged on maturing its cloud technique and strengthening cybersecurity, Mr. Sinha mentioned.
He mentioned the corporate was seeing “hockey stick growth” in its food expertise business which is catering to lodges, hospitals, assisted dwelling phase, colleges, schools, the place thousands and thousands of plates are getting distributed.
“We are using AI technologies to predict what kind of real-time inventories are needed in each kitchen, so that fresh food can be delivered at the right time, which also minimises wastage,” he mentioned.
“We are also using AI technologies to track what kind of produce is available locally in the market, so that kitchens and companies do not have to import food from outside the country thus reducing carbon emissions,” he mentioned.
If food producers can optimise their value of buying by means of AI and a very good data platform, their value of manufacturing can be decrease, he emphasised. He mentioned FulcrumOne.ai platform for real-time stock administration and food wastage may also help scale back value by 4 to 10%.
While the U.S. market is the largest for the corporate proper now, it has realised that India was rising sooner for it now.
“The market is getting more mature in India. Even schools and airline companies are adopting our product. Additionally, we are getting interest from entertainment companies, those into theatre business looking to bring better experience for customers,” he mentioned. He mentioned the corporate’s focus can be on the Indian market.
“The Indian market is very large for us with a population of 1.3 billion. At least 500 million people are in big cities where they consume food. If we can capture even 5% of that market for our product, we will experience significant growth,” he mentioned.
