Goavega expects 30-35% growth, healthy pipeline for AI-driven product engineering services
Goavega, a specialist in AI-driven product engineering services, has launched a product aimed at helping businesses engineer next-generation AI-based software products which will help organizations across industries further innovate faster and smarter.
With over a decade of experience supporting emerging startups and large enterprises, Goavega has developed the new suite of AI services.
“AI is no longer a luxury but a necessity for companies that want to remain competitive in today’s digital economy. However, getting AI right the first time is incredibly challenging. Our mission with this new suite of services is to help businesses in healthcare, financial services, retail, manufacturing, and other industries to navigate these challenges and successfully integrate AI into their operations, driving sustainable value and efficiency. Weare seeing a very healthy pipeline for AI-Driven Product Engineering Services and expect to see 30-35% growth in the coming year," Sumana Iyengar, CEO at Goavega, said.
The AI market is expected to grow to $2 trillion by 2030. As of last year, 73% of US companies across industries are utilising AI in some form. However, as businesses across the globe increasingly recognise the potential of AI to drive growth and innovation, many need help to implement these technologies effectively.
According to recent research, 70-90% of AI projects fail to deliver on their initial promise due to misaligned strategies, inadequate data, and the complexities of AI deployment. The failure rate
