Innovation was more than a buzzword at Collision Conference 2024, where industry leaders gathered to share cutting-edge solutions and groundbreaking ideas. Indrajeet Saikia, CRO of ZeonAI, offers a unique perspective on how innovation drives new solutions to longstanding challenges.
The Core of Innovation in AI
Foundational Motivation
Innovation is at the heart of ZeonAI’s mission. “We want to try out new methods of solving age-old problems, and we believe that continuous innovation is the key to unlocking more efficient and effective solutions,” Saikia said. “Innovation is at the core of our motto, driving us to push boundaries and think outside the box.”
Team Commitment
The entire team at ZeonAI, composed of highly skilled and passionate data scientists, is dedicated to exploring new technologies daily. “Every single member of the team is motivated day in and day out to try out new technology that’s coming out, constantly learning and adapting to stay ahead of the curve,” Saikia said.
Cutting-edge Solutions
ZeonAI’s proprietary product, DeepDial, exemplifies their commitment to innovation by addressing 80% of document management use cases with just 20% of the effort. “DeepDial is a testament to our innovative approach, helping businesses streamline their document management processes with unparalleled efficiency and accuracy,” Saikia said.
Fostering a Culture of Innovation
Daily Innovation Tasks
Each team member is required to contribute new technology ideas daily. “Every single day, the 15-member team… has to post a new technology,” Saikia said. “We have to devise ways of trying to better what we did yesterday.” This ongoing task ensures that the team is always thinking creatively and pushing the boundaries of what is possible, leading to a consistent influx of fresh and innovative ideas.
Collaborative Environment
The open sharing of ideas within the team fosters a collaborative and innovative culture. By creating an atmosphere where everyone feels comfortable sharing their thoughts, the team can collectively brainstorm and refine ideas, leading to more robust and well-rounded technological advancements.
Continuous Improvement
The focus on daily contributions ensures that the team continually improves and stays ahead of technological advancements. This relentless pursuit of excellence means that the team is not only keeping up with the latest trends but also setting new standards in their field. The commitment to continuous improvement ensures long-term success.
Advice for Up-and-coming Entrepreneurs
Tackle Age-old Problems
Founding a unique product isn’t necessary; instead, focus on finding new ways to solve existing problems. “You don’t have to invent a path-breaking product,” Saikia said. “If you are motivated enough and you think that you have a great idea of tackling an age-old problem, please go for it.” This approach allows you to leverage existing demand and understanding, making it easier to market and gain acceptance for your solution.
Adapt and Innovate
Successful companies often adapt existing products to meet new challenges, highlighting the importance of innovation in product development. By continuously improving and finding new applications for what already exists, these companies stay relevant and competitive in a constantly changing market. Innovation doesn’t always mean creating something entirely new; it can also mean enhancing or repurposing existing technologies.
Stay Motivated
Persistence and motivation are key to overcoming the challenges of entrepreneurship. The journey can be fraught with obstacles and setbacks, but maintaining a high level of motivation and determination can help you navigate through tough times. Surround yourself with a supportive network, set achievable goals, and celebrate small victories to keep your spirits high and your drive intact.
How Can You Solve an Age-old Problem?
Saikia’s insights underscore the importance of innovation in addressing age-old problems. By fostering a culture of continuous improvement and leveraging cutting-edge technologies, ZeonAI demonstrates how innovation can drive impactful solutions. Aspiring entrepreneurs can learn from Zeon AI’s approach and focus on adapting existing solutions to meet new challenges. If you’ve got an idea, reach out to the City Innovations team. We’ll help you make it happen.
