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Applied AI focuses on delivering tangible business results by applying artificial intelligence in regulated industries, especially healthcare and insurance. Since its foundation almost three years ago, the company has experienced rapid growth, achieving over $15 million in annual recurring revenue shortly after launching its first product. The approach emphasizes practical applications rather than hype, ensuring solutions meet consumer demands for cheaper, faster, and higher-quality service. Projects like 'deep Doc' streamline administrative processes, highlighting AI's role in enhancing productivity and decision-making in complex environments, while also preparing to open their innovations for broader industry access.
Applied AI focuses on delivering business results by applying AI effectively.
The 'deep Doc' project automates laborious insurance claim review processes.
The rapid growth of Applied AI showcases the critical role governance plays in the AI landscape. As organizations delve into AI applications, they must navigate ethical considerations and regulatory frameworks that govern data usage, especially in sensitive sectors like healthcare. The success of projects like Deep Doc highlights the importance of transparency and accountability in AI decision-making processes to maintain public trust.
Applied AI's business model illustrates a growing trend in the AI space, emphasizing not just technological development, but also market fit and scalability. The rapid achievement of over $15 million in ARR shortly after product launch signifies a robust demand for AI-driven solutions in regulated industries, indicating a pivotal shift where AI's value is increasingly tied to practical applications rather than mere innovation.
The company was founded to ensure that customers benefit from AI applications directly and meaningfully.
It enhances efficiency by summarizing extensive medical records for quicker insurance adjudication.
The organization's focus on healthcare and insurance has led to groundbreaking applications like Deep Doc, which streamline processes significantly.
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