Purpleslate: Accelerating Business Value Creation on Generative AI solutions

Purpleslate: Accelerating Business Value Creation on Generative AI solutions

CIO Vendor In India, the generative AI market is projected to grow at a CAGR of 30.8 percent to reach USD 7.8 billion by 2025, fueled by digital transfor-mation initiatives and a robust startup ecosystem. It is imperative that organi- zations wanting to stay ahead of the curve with Gen AI technologies, have to ride this hype cycle and grapple with the challenge of finding the right business use cases and in addressing the skill gap with AI expertise. Furthermore, the substantial initial investment required, be it on people and technology, deters businesses with limited budgets. One company that has been making significant strides in addressing these concerns is Purpleslate. “We focus primarily on demystifying Conversational and Generative AI technologies for our customers and in partnering with them to pick the right problem areas that can provide a taste for the benefits and also in setting them up for success for their investments, quickly, through our platform accelerators”, says Magesh Mahadevan, Director and Co-founder at Purpleslate.

As one of the leading innovators in generative AI, Purpleslate is making significant strides in helping industries with its advanced AI-driven solutions, primarily in the field of Voice, NLP and Generative AI. The company delivers custom-crafted AI applications for its customers, that seamlessly integrate with their existing business applications, ensuring realization of business value in the shortest period of time. Its low-code platforms, Parrot and Kea,are designed to accelerate the AI journey for enterprises, enabling them to deploy AI applications with minimal coding effort, significantly reducing time to market and to quickly validate the business outcomes.

The company offers a wide range of professional services to harness the true power and benefits of Generative AI, Voice and Langauge Interface technologies. Their end-to-end implementation starts with a detailed study of
their customer’s business and assistance to identify the right use case, design approach and technology stack. All these AI services are offered with flexible pricing models and scalable solutions that allow clients to start small and expand their AI capabilities in an incremental fashion, as they realize the value and return on investment. To further provide clients peace of mind and help them build trust with stakeholders, it incorporates ethical and responsible AI practices and ensures the solutions comply with relevant regulations and privacy guidelines.

Purplslate offers design workshops and proof-of-concept (POC) applications to help clients identify the most relevant use cases for AI integration. Its low-code platforms, which are vendor cloud-neutral and deployable on premise or in secure cloud infrastructures, provide clients with the desired flexibility in deployment infrastructure and privacy needs. By conducting thorough assessments of clients’ business processes, the team designs customized AI solutions, including opportunities to leverage their lowcode platforms, Kea and Parrot, that address specific challenges and objectives in the area of Customer Experience or Data Analytics.

Furthermore, by employing agile development methodologies, the company ensures rapid iteration and refinement of solutions in response to client feedback and changing business needs. Leveraging their deep industry expertise, it develops AI models tailored to the client’s industry, ensuring technological relevance and impact while focusing on seamless integration with existing IT infrastructures for a smooth transition to AI-powered business processes.

With a commitment to sustainability and ethical AI, the company aims to develop energy-efficient, transparent AI solutions aligned with global standards for responsible AI use. Its ambitious financial growth targets reflect its confidence in capturing new opportunities and delivering impactful, AI-driven transformation across industries. the company has been making significant investments on R&D and in maturing its lowcode platforms. The company plans to expand its market presence by targeting emerging regions such as Latin America, Africa, and Southeast Asia while strengthening its foothold in established markets like North America and Europe. Its growth strategy includes forming partnerships with leading technology providers and industry experts to co-develop cutting-edge solutions and accelerate innovation. As Purpleslate continues to innovate and expand, it remains committed to its goal on solving the last mile problem for businesses, for meaningful value generation, quicker.