Artificial Intelligence market is flourishing, with 81% of IT leaders investing or planning to invest in AI software development. Silicon Valley giants such as Google, Amazon, Facebook, and Apple spend millions on AI research and development. While Mark Zuckerberg is optimistic about the rise of AI technologies and their endless possibilities in areas like healthcare and self-driving cars, Elon Musk expresses warnings about their disruptive potential.
Even though AI may initially present challenges for business leaders, the technology could enable them to make data-driven decisions and automate numerous processes.
European tech market is on par with the US when it comes to advances in AI and deep tech.
According to Statista, enterprise AI market in Europe is estimated to be worth around 580 million U.S. dollars in 2017.
High tech, telecom, and financial services industries lead the way in adopting machine learning and AI in Europe. In the financial sector, for example, AI-optimized fraud detection systems are forecasted to become a $3B market in 2020.
If your business also wants to jump on the bandwagon of AI technologies, you’ll definitely face a challenge of finding a skilled AI development team. Are there trustworthy AI development companies in Europe? Is there enough AI developers in the region? Which European IT vendors offer AI development services? Is there enough expertise in this tech domain? We’ve tried to answer these questions.
How we selected AI development companies
On the whole, there are different types of AI service providers on the European tech market. Some of them offer a wide range of software development services and are building on expertise in AI, machine learning and advanced analytics. Others have a narrow focus on intelligent solutions and develop their own AI-powered product, which they offer to their clients besides AI development services.
We’ve analyzed an extensive number of company profiles and global rankings such as Top AI development companies by Asgard, CB Insights and Recovendor. Moreover, we’ve browsed top IT vendors’ websites from Global Outsourcing 100 list by IAOP to define which European companies have expertise in delivering AI-powered solutions.
Locations: Ukraine, Poland, Belarus, Sweden, USA
Number of employees: 260-999
Years on the market: 15
N-iX is an established Eastern European software development provider with more that 15 years of experience in delivering solutions of various scope and complexity. One of the company’s specialities is developing self-taught enterprise solutions by utilizing machine learning, artificial intelligence, and neural networks. N-iX AI and machine learning expertise encompasses real-time data science, development of self-taught analytical tools, AI algorithms & applications, natural language processing solutions, and fraud detection systems.
N-iX experts have delivered self-taught software for such industries as Healthcare, Aviation, Media and Entertainment, Technology, and others. Its engineers write machine learning algorithms in Python & R and use multiple additional libraries, e.g. Caffe, DeepLearning4J, TensorFlow, Theano, Torch, etc.
The company has provided data science services to one of the US leading providers of inflight connectivity Gogo. Additionally, N-iX developers have worked on the development of Mercanto platform. It is an email marketing solution that leverages NLP and machine learning.
Locations: UK, USA, UAE, Australia, India
Number of employees: 1,000+
Years on the market: 13
This UK-based product development and consulting company has experience in developing mobile, web, cloud, and analytics solutions. For more than a decade, QBurst has been delivering customized, enterprise-level products and services for startups, mid-size businesses, and large enterprises. The company applies machine learning and AI for energy demand forecasting, fraud detection, predictive maintenance, health informatics, sentiment analysis and more. Also, it enables its clients to make data-driven decisions and solve multidimensional problems that can be resolved only by using a wide range of machine learning techniques.
Locations: Ukraine, Belarus, UK, Norway, Finland, USA
Number of employees: 250-999
Years on the market: 10
Having started as a mobile app development company in 2007, Intellectsoft is now an established full-cycle software development provider. The scope of the company’s AI expertise entails chatbots, machine learning models, neural networks and deep learning, visual information processing and cloud-based AI models. The company delivers AI-based software solutions for business process automation, data protection, and increased efficiency. Its artificial intelligence apps with predictive models can analyse data and propose spot-on information to ensure business protection. Moreover, Intellectsoft’s AI-based solutions can perform everyday tasks like reporting to increase the productivity of employees.
Locations: Ukraine, Germany, Georgia, UK, Bulgaria, Poland, USA
Number of employees: 1,000+
Years on the market: 24
Headquartered in Lviv, Ukraine, this technology solutions company specializes in consultancy and software development services. Its big data and artificial intelligence expertise encompasses machine learning, business intelligence, data analysis, and cognitive computing. The company develops self-taught systems that are able to learn, reason and act as humans. Moreover, its team has created solutions for robotics process automation leveraging computer vision, natural language processing, and speech recognition.
Locations: UK, Germany, Hungary, USA
Number of employees: 51-200
Years on the market: 11
This technology company builds software for data processing, machine learning, deep learning, text mining, and predictive analytics. Its solutions are used by more than 200,000 users in over 150 countries. What’s more, the company has its own data science software platform which is used for business and commercial applications as well as for research, education, training, and rapid prototyping. The platform supports all steps of the machine learning process including data preparation, results visualization, model validation and optimization.
Number of employees: 11-50
Years on the market: 3
This Munich-based sensor and analytics company integrates AI-based analytics and smart sensor systems for infrastructure condition monitoring and predictive maintenance. KONUX develops customized smart sensors with AI-based data analytics to generate real-time insights into machines and infrastructure. The company’s sensor data solutions help industrial and rail companies monitor their assets’ condition in real time. For instance, the team digitized Deutsche Bahn’s high-speed rail network through condition monitoring of switches, the most critical part of the railway infrastructure. This enabled the company to reduce inspection and maintenance costs by 25% and improve operational efficiency.
7. AI Foundry
Locations: UK, USA
Number of employees: 11-50
Years on the market: 2
Being a business unit of Kodak Alaris, this British company transforms enterprise operations by helping organizations analyze structured and unstructured data using Artificial Intelligence. The company focuses on financial sector including insurance and banking industries. By combining AI and analytics, the company helps businesses use their data to identify patterns, gain business insights, and take appropriate actions. Its Actionable Intelligence Management solutions help organizations streamline and automate manual processes and manage compliance. Besides, these solutions help clients enhance data and documents while extracting business value from historical documents which contain dark data.
Gartner predicts that by 2020, 30% of all B2B companies will employ AI to augment at least one of their primary processes. While Artificial Intelligence market is growing at a breakneck pace, Europe-based AI development companies are not falling behind in terms of intelligent solutions development. They help businesses innovate by automating their business processes, turning data into actionable insights, and solving multidimensional problems.
Contact N-iX AI engineers to find out more about AI development services in Europe and learn how our experts can help your organization harness this disruptive technology.