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RQBE General Insurance launches RQBE Quick App powered by RankTech’s Innovative Instant Motor Claim Settlement Solution | Dr. Paul’s Multi Specialty Clinic launched India’s First Virtual Doctor Consultation for all Types of Hair & Skin Treatment powered by RankTech’s Video e-Clinic Solution | Spectrum Clinical Research has launched Online Doctor Consultation powered RankTech's Video eClinic Solution | Video e-Clinic, A CSR Initiative of RankTech Solutions in this unprecedented global crisis of COVID-19 | Experience RankTechs Innovative Digital Business Products powered by World Leading Enghouse Vidyo | Now KYC on Video! RBI launches new feature for Bank Customers | RankTech Bags order from Raheja QBE for its Innovative Video Insurance Solution | Rated among Top 10 Best Startups from West Bengal by Silicon India Magazine

RankTech Solutions

We're a leading software product company specializing in video-driven digital business solutions. Experience the strength, unify your data, crews, and clients seamlessly on a single, adaptive platform, that grows in tandem with your business in the ultramodern age. Our claim to fame? Pioneering the world's first Mobile Video Banking Solution powered by Enghouse Vidyo

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Jumpstart your journey with tailor- made, AI grounded, customizable B2B and B2C platforms carefully drafted and strategically designed for every industry's unique requirements

Delighted Customers & Partners

  • After thorough evaluations RankTech Solutions was chosen by usto provide smart video conferencing solution along with Contact Centre Call Management System to power the Video Branch app. We are delighted that RankTech Solutions innovated & converted our vision into reality and executed this dream project in truly very short span of time to launch first ever “Vidyo F2F Banking”.

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    • CTO
  • We thank you team RankTech for providing us a unique solution for Fertiliser industry in India and we also appreciate the team's timely, professional services and support.

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    • Dinesh P Singh
      SVP - Sales & Marketing, Matix Fertilizers & Chemicals Ltd
  • Reflecting on six years of an exceptional partnership with Ranktech Solutions Pvt Limited fills us with immense pride and gratitude. Since joining forces in 2018, they've been our esteemed OEM and ISV partner, culminating in groundbreaking achievements like Nigeria's first Video Banking Solution with GT Bank Limited. Their unwavering dedication to innovation has been pivotal in our success. Looking ahead, we're excited about the future as we expand into new domains like Healthcare Software Platforms and Dot Shop Live Video Shopping, confident that with Ranktech by our side, we'll continue to redefine Nigeria's banking landscape. Cheers to six incredible years, and the promise of many more to come

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    • Mr. Chinedum Amachi
      Managing Director/CEO Scimitar Global Services Limited (SGSL)
  • Incorporating video services to our daily banking activities has provided a way to connect with our clients no matter their location. Working with Ranktech Solutions Pvt Ltd. has made this process seamless, interesting and innovative, as we continue to break barriers to customer engagement and satisfaction.

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    • Amaka Odikpo
      Video Bank Product/ Team Lead, GT Bank, Plc
  • RankTech continues to be a valuable partner to Vidyo particularly in the area of video banking and customer engagement, Their work with IndusInd Bank in India is an excellent reference for what can be accomplished with Vidyo in the financial services market, and we look forward to many more successful customer projects in the future.

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    • Sam Waicberg
      SVP of Business Development and Partnerships at Vidyo
  • We find RankTech Solutions an innovative and competent service provider. For the last 3 years, we are using their Video Chat Solution for Customer Engagement and WCM Solution for Motor Claim Settlement, motor claims team is using a lot for the damaged vehicle inspection. Our end users are delighted and we are also pleased with their services and support.

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    • Shadwal Vikram Rathour
      AVP - IT, HDFC ERGO

Our Clients

RankTech Updates

March 21, 2024

The Role of AI in Invention : Exploring Possibilities and Pitfalls

Introduction:
Innovation and invention have long been the hallmark of human progress. With the advent of Artificial Intelligence (AI), the landscape of creativity and invention has evolved. While AI doesn't "invent" in the traditional sense, its capabilities have ushered in a new era of innovation, influencing various industries and fields.
Pros of AI in Invention:
  1. Pattern Recognition and Insight: AI excels at recognizing patterns within vast datasets, enabling it to identify connections or solutions that might elude human observation.
  2. Efficiency and Optimization: AI algorithms can swiftly explore massive design spaces or solution sets, optimizing processes and finding more efficient solutions than conventional methods.
  3. Augmenting Human Creativity: AI acts as a tool to assist human inventors, providing insights, suggesting novel approaches, and accelerating experimentation and testing.
  4. Automated Discovery in Specific Domains: In constrained domains with clear rules (e.g., material design), AI can explore various combinations to discover new solutions or materials.
Cons of AI in Invention:
  1. Lack of Genuine Creativity: AI lacks true creativity, originality, and the ability to comprehend abstract or broader contexts inherent in human inventive thinking.
  2. Biases and Limitations: AI models are prone to biases present in their training data, potentially leading to biased or flawed suggestions, hindering genuine innovation.
  3. Ethical Concerns: The use of AI in invention raises ethical questions regarding intellectual property, accountability, and the role of AI in shaping the future of innovation.
  4. Dependency and Overreliance: Overreliance on AI for inventive tasks might stifle human creativity and innovation, reducing the diversity of thought and ideas.
Conclusion:
AI undeniably plays a significant role in augmenting and enhancing the inventive process. Its strengths in pattern recognition, optimization, and assisting human creativity have led to remarkable advancements. However, AI's limitations in genuine creativity, biases, and ethical considerations necessitate a cautious approach. The synergy between AI and human inventors, balancing AI's capabilities with human ingenuity, stands as a promising avenue for groundbreaking innovation in the future.
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