In the fast-paced realm of artificial intelligence (AI), where technological innovations shape the current and future, ChiStats, a Pune-based next-gen AI company, has been making significant strides since its inception in 2017. Well before AI became a ubiquitous term in the tech ecosystem, ChiStats entered the scene with a distinct focus on data science and engineering, spanning an impressive array of applications such as defence, insurance, and analytics based on the Industrial Internet of Things (IIoT).
This marked the beginning of ChiStats, which sought to bridge the gap between traditional and logical approaches, emphasising predictive analytics and AI/ML. And even now, when every company is jumping onto the bandwagon of using generative AI, the latest technology shaping the way we see software products, it is not an unfamiliar territory for ChiStats.
This is because their team of expert data scientists have demonstrated a seasoned history in deploying generative AI, particularly in various computer vision applications. This early adoption showcased ChiStats as a trailblazer, incorporating cutting-edge technologies into its repertoire and establishing itself as a well-versed entity in the ever-evolving field of AI.
The Visionaries Behind ChiStats At the core of ChiStats are industry luminaries Dr.Yogesh Manikrao Karpate (PhD) and Rahul Lahane. These visionaries joined forces to create ChiStats, bringing with them a wealth of experience and knowledge to provide AI-powered solutions. Their offerings include developing a wide range of data-driven business applications, data engineering, machine learning, and artificial intelligence services, ultimately delivering value to customers and businesses.
Dr.Karpate, the co-founder and Chief Technology Officer (CTO), boasts an impressive academic background as an IIT Bombay alumnus with a PhD in Signal Processing and Communications with Honours from INRIA (French National Research Institute in Computer Science and Applied Mathematics ). His expertise lies in large-scale ML and signal/image processing. On the other hand, Rahul Lahane, the co-founder and CEO, blends business acumen with an MBA in Sales and marketing from Welingkar Institute of Management and a Bachelor's degree in Information Technology from Pune University.
The Genesis: Addressing the Skill Gap The inception of ChiStats traces back to a pivotal challenge confronting the industry in the nascent stages of data science—an acute shortage of skilled professionals adept at translating theoretical concepts into tangible, production-ready solutions. In the face of this substantial obstacle, ChiStats exhibited unwavering determination and resilience. Rather than merely addressing the prevailing skill gap, the company set its sights on a more expansive goal—confronting and overcoming critical challenges in the expansive landscape of artificial intelligence and machine learning (AI/ML).
This deliberate trajectory was not confined to a singular domain but extended its reach across diverse sectors, reflecting ChiStats commitment to being a proactive force in the evolution of AI/ML applications. ChiStats in Action A notable project in ChiStats' portfolio involved collaborating with a major oil and gas sector player. Faced with potential penalties for failing to maintain optimal methane gas production levels in extensive gas well operations, the client turned to ChiStats for a solution.
Leveraging sensor data, industrial IoT sensors, and predictive AI/ML capabilities, ChiStats developed a robust system to predict asset failures in advance. This foresight enabled the company to circumvent potential production setbacks and resulted in substantial cost savings. The success of this predictive system earned ChiStats the moniker of an "early warning system." Simultaneously, ChiStats extended its expertise to the defence sector, forming a strategic partnership with India’s largest Defence equipment company.
Together, they tackled intricate problems in underwater signal processing, with a specific focus on detecting submarines of interest and targets of interest. This collaboration underscored ChiStats versatility in addressing diverse challenges, showcasing its ability to navigate complex problem spaces. As ChiStats continued its growth trajectory, it delved into projects involving advanced machine learning, text analytics, and sentiment analysis.
A notable contribution in this domain was the assistance provided to a German insurance company during its formative stages, particularly in sentiment analysis in the German language—a venture undertaken in 2018-2019 when such resources were limited. Text analytics played a pivotal role in several of ChiStats' diverse projects, involving PDF data mining and the application of cutting-edge computer vision models and natural language processing (NLP). This multifaceted approach showcased ChiStats commitment to leveraging a spectrum of technologies to address challenges across different industries.
In another strategic move,ChiStats diversified its portfolio by collaborating with an industrial water processing giant. These ventures involved the deployment of ML techniques to monitor water quality, a critical consideration for pharmaceutical and industrial processes. This expansion into new domains demonstrated ChiStats adaptability and commitment to addressing challenges in varied industries. ChiStats Ongoing Evolution:
A Commitment to Innovation ChiStats evolution since its inception in 2017 has been characterised by a steadfast commitment to innovation and problem-solving in the realm of data science and AI. The company's journey is marked by a series of successful projects spanning various industries, showcasing its adaptability and expertise. As ChiStats continues to push the boundaries of AI, it contributes significantly to the ever-expanding field of technology and sets the stage for future advancements in the dynamic landscape of artificial intelligence. This journey is a testament to ChiStats' resilience, vision, and pivotal role in shaping the future of AI consultancy.