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ParallelDots is an artificial intelligence (AI), deep learning, and machine learning solutions provider company. It develops AI algorithms as solutions for enterprises and developers' challenges. It offers artificial intelligence application programming interfaces (AI APIs) for the different needs of users. Its algorithms can understand data, including text, images, and videos. Angam Parashar, Ankit Narayan Singh, and Muktabh Mayank cofounded ParallelDots in January 2014.
Its AI algorithms' capabilities include the following:
- Semantic similarity of text
- Automatic tagging of text
- Sentiment analysis of text
- Entity extraction for text
- Contextual recommendation engine and content personalization
- Keyword extractions from web pages and Twitter streams
- Intent analysis of user text input
- Automatic e-commerce categorizer
ShelfWatch is ParallelDots' real-time shelf monitoring tool to help users develop insights into their shelving, understand the environment in which SKUs are merchandised, and help users create feedback loops to help in-store execution. The tool was developed to increase sales force productivity, improve shelf condition insights, and drive sales while trying to develop a good consumer experience.
SmartGaze was developed by ParallelDots for gaze-coding for physical eye tracking. This is intended to reduce research time into package design and thereby save cost and free users from manual coding. SmartGaze can help with shopper research, especially in-store, to ensure campaign effectiveness and brand validation and offer a user interface and digital advertising testing with wearable eyeglasses.
Komprehend is ParallelDots artificial intelligent API developed for document classification and natural language processing (NLP) to help users with sentiment analysis and emotion detection. The model used in Komprehend was trained on what ParallelDots calls more than a billion documents to provide accuracy on common NLP use cases.