Top 10 AI Development Companies [UPDATED 2024]
AI is considered one of the primary technologies in today’s competitive marketplace, and more organizations require experts who focus on this aspect to boost their operations. The Masters in Data Analytics and Artificial Intelligence will enable you to acquire the qualities that are essential in the area of artificial intelligence and management of data.
Growing Expectations of Artificial Intelligence Segment
The artificial segment itself is predicted to grow further over the next few years; IDC asserts AI will grow at a CAGR of 25%. From the present year till 2026 preferably in the following five years as per the development line 5% only. There is a projection that as technology improves and its application enlarges in more sectors such as the health sector, the financial sector, the manufacturing sectors and the e-commerce sector among others, then the need for artificial intelligence-based solutions will also grow.
Subsequent work on enhanced applications, rising automation, generative artificial intelligence, AI in more applications of life will be the principles that will catapult this growth. Here we present the list of the most relevant companies that use artificial intelligence in their business. When assembling the ranking, we provided an assessment based on a number of variables. Specifically, how specialized the companies are in the AI software market, team size, and expertise of the teams involved in the projects and the companies’ role in the advancement of AI technologies. Such approach helped to build the detailed rating of the definite leaders in AI field among the companies.
Glorium Technologies is a full-cycle app & software development company which covers specific client business needs and manage them with the help of the best possible technology solutions. Since 2010, we have been inventing digital breakthroughs, helping startups and businesses come out on top in their markets. It currently has a portfolio of over 100 products that have been satisfactorily installed.
With 14 years in real estate and healthcare, Glorium Technologies experienced team is ready to elevate your business with expertise in small to complex projects. They rely on extensive IT domain expertise and industry knowledge to bring sustainable technology solutions to the market
Development of complex products, complex technology plans, end-to-end design and scalable solutions is exactly what Glorium Technologies does. The best team of experts performs a full range of services, from ideation to implementation, ensuring that projects are realized at the highest level. Using the latest technology they create unique solutions that help clients grow their business. The company prides itself on being a trusted partner that understands market needs and is always focused on results.
The company has over 200 competency specialists and has various International Organisation for Standardization certifications, such as ISO 9001: Quality Management, ISO 13485: Quality Management in medical devices, and ISO 27001: Information Security Management System. Specifically, as the Microsoft Silver Partner, they can boast of the excellent performance in the solutions delivered based on the presented technology offer of Microsoft.
Social networks:
🔗 LinkedIn 👤 Facebook ✖ Twitter 📽 YouTube 🎙AI Podcasts
💵Hourly rate: $50 — $99 / hr
👩💻 Employees: 50–249
⭐ Founded: 2010
🏆Awards:
- Inc.5000 (2020, 2021, 2022, 2023, 2024)
- Inc. Regionals (2021, 2022, 2024) fastest-growing private companies in America
- Global Outsourcing 100 by IAOP (2023, 2024)
- Real Leaders Impact Awards (2023)
- Top B2B Service Providers for Sustained & Fast Growth in Clutch (2021)
- Top 1000 Global Service Providers in Clutch (2022, 2023)
- TechBehemoths’s Top Custom Software Development Companies in the US (2022, 2023)
2. Luxoft
Luxoft is a company executing the strategy of an IT service provider for integrating advanced technologies into business processes to create tangible value.
Luxoft is a digital strategy and software engineering firm that delivers leading technology solutions that drive business change for clients around the world. Luxoft leverages technology to enable business transformation, improve customer experiences, and drive operational efficiencies through its strategy, advisory and engineering services. They fuse a unique combination of engineering excellence with extensive industry expertise, particularly in automotive, financial services, travel and hospitality, healthcare, life sciences, media and telecommunications.
Luxoft’s clientele exists across numerous fields, including finance, autos, communications, healthcare/life sciences, among others that need to sustain their competitive advantage.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽 Youtube
💵 Hourly rate: $100 — $149/hr
👩💻 Number of Employees: 10,000+
⭐ Founded: 2000
🏆 Awards:
- Luxoft recognized as AMS Innovative Partner of the Year in Tricentis Awards 2022
- Best Leadership Teams 2023 in Comparably
- Best CEOs for Diversity 2023 in Comparably
3. Yalantis
Among the recognized players in the software development and IT consulting industry is Yalantis, which has more than 15 years of experience. This well-respected association is ISO 9001 and ISO/IEC 27001 certified, a testament to the organization’s attention to quality and security. Located in several European countries and with more than 500 experienced employees, Yalantis is able to offer the best solutions.
The Yalantis software company focuses primarily on delivering high-quality user-oriented software projects using the latest software technologies. The list of the latest software development technologies and programming languages includes artificial intelligence, machine learning, Python, Django, Flask, Java, Swift, React, React Native and Flutter.
In addition to offshore programming services, Yalantis offers mobile applications, cybersecurity, ML and AI, low-code solutions, data science, business intelligence and analytics, and web development services.
Fintech, healthcare, logistics, IoT, real estate, hospitality, and automotive are just some of the company’s niches. Yalantis offers a wide range of services, including SaaS services, business services, digital services, mobile application development, communications services, and blockchain services.
Social networks:
🔗 Linkedin 📷 Instagram 🐈 GitHub
💵 Hourly rate: $25 — $49/hr
👩💻 Number of Employees: 250–999
⭐ Founded: 2008
🏆 Awards:
- Top App Modernization Service 2023 by Clutch
- Ukraine Top IT Services Company 2023 by Clutch
- Top IoT Company 2023 by Clutch
- Top Software Development Company by goodfirms.co
- Top Enterprise App Developers 2023 by Clutch
4. Edvantis
It is often essential to have a range of outsourcing models, which can be adjusted according to the specific circumstances of a company; that is why, being a versatile software development vendor, Edvantis provides their clients with several options.
Edvantis is a software engineering firm that provides IT outsourcing and custom software development services. The company offers flexible service models, including staff augmentation, dedicated teams and fixed-price projects, to meet the diverse needs of clients. Edvantis specializes in digital transformation, artificial intelligence, cloud services and quality assurance, and offers scalable IT solutions aligned with business objectives in industries such as healthcare, real estate and logistics.
The company focuses on healthcare and offers customized software solutions to improve patient care and streamline administrative processes. Its expertise includes artificial intelligence development, data science and comprehensive managed IT services, providing support from project inception through implementation and maintenance. Edvantis also supports community and humanitarian initiatives, reflecting its commitment to social responsibility.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter
💵 Hourly Rate: $50 — $99/hr
👩💻 Number of Employees: 250–999
⭐ Founded: 2005
🏆 Awards:
- 2023 Global Outsourcing 100® list produced by IAOP®
- Silver Winner of International Business Award 2022 by Stevie
- Top IT Services & Consulting Company by Designrush.com
- Top Custom Software Development Company by iTRate.co
5. Epam
EPAM Systems incorporated is an international firm which offers solutions concerning product development in the digital and physical realms, and digital platform engineering. EPAM is one of the leading companies which is famous for its strategic planning and tactics, providing a wide range of advisory/consulting services with a target on design.
Selected by Newsweek as the most loved workplace in 2021, 2022 and 2023, EPAM’s global multidisciplinary teams serve clients in more than 50 countries on six continents. As a recognized leader, EPAM is listed among the top 15 information technology services companies in the Fortune 1000 and has been ranked four times as the top IT services company on Fortune’s 100 Fastest Growing Companies list. EPAM has also been listed for three consecutive years among Ad Age’s 25 largest companies in the world, and Consulting magazine named EPAM Continuum among the 20 fastest-growing companies.
Thus, one of the concepts that are present in all the projects of EPAM is Engineering DNA. The organization is dedicated to developing a real and better future for its clients and for the communities around the world and this has been made possible by the efforts of the global and the hybrid teams.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽Youtube
💵 Hourly Rate: $100 — $149/hr
👩💻 Number of Employees: 10,000
⭐ Founded: 1993
🏆 Awards:
- Top 20 fastest growing firms by Consulting Magazine 2022
- Four-time top IT services company on Fortune’s 100 Fastest-Growing Companies list
- Awarded LinkedIn’s Best Culture of Learning Talent Award 2021
6. IA superior
AI Superior is at the helm in the creation of the highly complicated cognitive computing solutions. Their work is dedicated to the fact that modern cognition technologies help increase the level of security and prevent cyber attacks with maximum efficiency. The team of the PhD level data scientist and cognitive computing specialists are devoted to creating new applications focused on security and further development of technology.
IA Superior provides domain expertise at the cognitive computing level, which has high data processors, customized algorithm to sharpen efficiency in processing huge data or threats discovered in real time. Such technologies facilitate the possibility of creating specific cognitive solutions for individual industries with specific issues. Thus, through the use of next-generation cognitive computing, customers can now enjoy improved threat accuracy, real-time data processing, and amplified security measures through AI Superior.
Some of their offered services are cognitive computing development, consulting and optimization of services. IA Superior also creates further enhanced threat intelligence solutions as well as providing courses for knowledge of cognitive computing.
Of course, both are focused on the development of cognitive computing technology, they are involved in research, experimenting and applying new ideas and even obtaining patents. This commitment is not only to their clients whom they have made this promise but also to the growth of cognitive computing and the technology fraternity as a whole.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽Youtube
💵 Hourly Rate: $50 — $99/hr
👩💻 Number of Employees: 10–49
⭐ Founded: 2019
🏆 Awards:
- Top Machine Learning Companies 2023 by Clutch
- Top IT Service Companies Germany 2023 by Clutch
- Go Global Awards Winner 2021
- Top Machine Learning Companies by Techreviewer
7. N-iX
N-iX is one of the most prominent software development and engineering companies operating on a global scale. These are oriented on operating characteristics enhancement, on the company’s sales growth, on introduction of the new technologies into the market. N-iX is next next-generation software development company offering software development, digital product development and professional IT services. The firm operates in web application development and integration, has vast experience in machine learning algorithms using programming languages such as Python and R.
The company supports the right application of generative AI as it should include proper measures and rules to shape the technology’s potential and prevent threats. As for the second type of generative AI consulting, N-iX’s approach is to help clients maximize generative models to boost efficiency, as well as deliver more detailed and tailored experiences to customers, both of which should lead to fostering innovation. They provide services that cover the spectrum of the solution’s adoption process — from the discussion of the feasibility of implementing AI to large-scale deployment.
The industries for which N-iX offers effective AI consulting services consist of the global list and it seems to possess a good tact at adopting AI technologies to support various industries’ needs. These capabilities are aptly illustrated by the creation of vertical solutions — new tangible applications in specific industries where their clients can get important business gains such as higher productivity, enhanced product differentiation, and streamlined managing of processes, which can be also automated.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽 Youtube
💵 Hourly rate: $50 — $99/hr
👩💻 Employees: 1,000–9,999
⭐ Founded: 2002
🏆 Awards:
- Rising Star in the 2021 edition of ISG Provider Lens™ Public Cloud Services and Solutions for the UK market
- N-iX is listed among the top 50 global organizations in the 2023 EMEA Inspiring Workplaces Awards
- CRN has named N-iX to its 2023 Solution Provider 500 List
- N-iX was named on the 2023 Global Outsourcing 100: seven years of Recognition
- Modern Application Development services providers by Forrester
- N-iX Ranks №38 on the 2022 CRN Fast Growth 150 List
8. SumatoSoft
They are a software development company, offer to make companies’ digital by aiding, identifying strategic issues, pain points and business objectives to clients providing software solutions based on them.
Sumatosoft is a company which has a good reputation due to its ability and readiness to provide the necessary solutions in the sphere of artificial intelligence, created by the company’s specialists especially for the clients’ needs. The company provides reliable artificial intelligence solutions that help to change the business and to achieve maximum growth.
Custom software solutions are in demand, and through them, the company assists organisations in using advanced computer technologies to successfully introduce digital transformation into their ventures efficiently.
It is evident that SumatoSoft’s main focus is to be a technology partner to customers. Owing to proper identification of the problems they solve for their clients and understanding of those problems correctly, then they supply software application that fits all the needs of the clients.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter
💵 Hourly rate: $50 — $99/hr
👩💻 Employees: 50–249
⭐ Founded: 2012
🏆 Awards:
- Best Web Design by DesignRush
- Best Web Development Company by DesignRush
- Top Software Developer by Techreviewer
9. ELEKS
ELEKS is an IT service provider for businesses, specializing in IT consulting, designing and developing custom software solutions, quality assurance of software products. These have developed client base across business spectrum with serving giant multinationals, SMBs and technology solution providers.
ELEKS is recognized as delivering excellent work, maintaining control over every aspect, and ensuring that the client receives as much support and benefit as possible. They focus on going an extra mile beyond just offering services and thus work hand in hand with the customers’ in enhancing their business objectives attainment. This involves partnering the developers with them so as to steer them through the various development risks and enable them to embrace new technologies.
ELEKS utilizes trending technologies such as data science and machine learning, blockchain, Internet of Things, advanced data analytics, telematics, and more. Its rich portfolio showcases its domain expertise and knowledge about software development that delivers maximum benefits to an automotive company.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter 📽Youtube
💵 Hourly rate: $50 — $99/hr
👩💻 Number of Employees: 1,000–9,999
⭐ Founded: 1991
🏆 Awards:
- Top 1000 Global Companies in 2022 by Clutch
- Cybersecurity Excellence Award 2021
- AI/ML Team of the Year
- Top App Development Companies 2023
- Top Software Developers in 2021 by Clutch
- Best of the Global Outsourcing 100
10. Intellias
Intellias serves as an extension of its clients’ teams by providing technology solutions that help manage the complex digital environment. Intellias helps startups and other enterprises adapt to sustainability to long-term development strategies to succeed digitally.
With the advent of trends like connectivity, electrification, and shared mobility, automotive engineering consulting firms like Intellias are carving out a special place in the market. The company offers excellent automotive software development services leveraging the potential of technologies such as blockchain, AI and ML, Big Data and IoT.
The company’s solution set consists of autonomous driving and ADAS, digital cockpit, connectivity and telematics, and automotive back-end systems. The company has been delivering production-grade software used by OEMs and Tier 1 suppliers worldwide.
Several automotive companies trust Intellias for its secure and AI-based software. In addition, its eye-catching success stories and genuine customer reviews further strengthen its position and reputation as an automotive engineering consulting firm.
Social networks:
🔗 Linkedin 👤 Facebook ✖ Twitter
💵 Hourly rate: $50 — $99/hr
👩💻 Number of Employees: 1,000–9,999
⭐ Founded: 2002
🏆 Awards:
- Ernst & Young national top choice for IT professionals
- №1 IT employer and №2 across industries ranked by Forbes
- Leader in the IAOP Global Outsourcing 100 list for five consecutive years
How are the uses of artificial intelligence technologies applied?
Although there are many uses for AI, the main uses of this technology applicable to artificial intelligence companies are:
Virtual assistants and chatbots
- Data analysis that processes large volumes of data for business decision making.
- Process automation in areas such as manufacturing or logistics.
- Voice and facial recognition to improve security systems, user identification and personal assistants.
- Improvement of medical diagnoses and development of personalized treatments.
- Personalized product recommendations and customer behavior analysis in e-commerce.
- Autonomous cars.
- Detection of fraud in finance.
It can be highlighted that today the application of AI is practically visible in all sectors, so having its involvement in the company could be a strategic option to optimize processes.
What is the effect of Artificial Intelligence (AI) from management to operational level?
By enhancing business effectiveness, enabling quicker and more accurate decision-making through the use of data, and in applying high-scale customization, meaning adjusting defined types of goods, services or offers to the peculiarities of preferences of a number of clients. It also enables automation of retina technology, routine work, pure processing and improvement of every possible type of process and a noticeable increase in productivity.
AI systems can point out different patterns and trends in data, thus it can help in creating operationally efficient business strategies. Thus, it is possible to note that there are some difficulties in implementing AI, including the changes associated with labor large-scale and frequent usage of AI in business; however, it contributes to competitiveness and flexibility in commerce.
Another advantage is mass personalization:
As a consequence, the digital environment can possess a large number of characteristics. AI can learn about customers, including their consumption and needs for products and services, and then recommend the most suitable products and services for them. This enhances their satisfaction and enables them to be loyal to a given brand.
Further, the application of AI in organizations contributes to business innovation since it assists in creating improved products and services. While the AI implementation process is never easy, the overall improvement in competitiveness and adaptability cannot be ignored, which outlines the importance of AI for today’s organizations. Artificial Intelligence is one of the opportunities for the transformation of business, enhancing the speed of activities, planning, and customer service and the quality of services and goods provided to customers.
Is artificial intelligence (AI) heading nowhere?
AI is here to stay and is widely adopted throughout the world as a significant element of contemporary society and the advancement of technologies. They are present at the residential level as human-like assistants of devices, laptops, and smartphones to industrial-level applications, intelligent business processes, and Self-Driving systems.
It is noticeable that AI applications have already been implemented in many different fields and have shown the scope of their capabilities to increase not only efficiency but productivity as well. Starting with NLP and moving on to machine learning and computer vision, the use of AI in the production process introduced innovative and highly effective solutions.
Conclusion
In conclusion, it can be said that having these noticeable technological giants at the helm of AI advances creates tremendous continuous emergence and various shifts in respective fields.
With a solid foundation laid out on AI, one could anticipate that they will keep on delivering and improving their services, demonstrating what AI can contribute to a progressive, efficient, and reforming society. Thus, it is necessary to be aware of artificial intelligence companies that contribute to the provision of benefits and materials to companies and the views that one who seeks employment in them could have, considering that being updated to the digital world will always open opportunities to everyone.
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