What exactly is a startup ?

What exactly is a startup ?

Startups are founded by one or more entrepreneurs who want to develop a product or service for which they believe there is demand. Startup need new ideas and new inventions.

Technology has attained a greater reach in startups. Our day to day life is filled with products that are technology based. Technology helps an entrepreneur in many ways like extensive market growth, understanding latest trends, making customer centric company and marketing strategies. Let’s take a quick look at some business providing product based service using technology statistics, so you can get a clearer picture of what the future of technology looks like in any start up.

Shiprocket

Shiprocket

Shiprocket, a product of BigFoot Retail Solution Pvt. Ltd., is one of India's largest tech-enabled logistics and fulfillment platforms that aims to democratise the eCommerce landscape of the country. Shiprocket has been using Big Data and AI technology for creating superior visibility of turnaround time, faster deliveries, and reducing costs for each shipment of more than 25,000 sellers. Robots are programmed to pack a product and sort it based on the delivery requirements. Warehouses utilize AI to automate and interconnect the internal processes within. Advanced methods, such as geocoding and location intelligence are being used for optimum performance.

Intel

Intel

Intel is best known for developing the microprocessors found in most of the world's personal computers. The multinational technology company is also the world's largest manufacturer by revenue of semiconductor chips. Enhanced Intel Speedstep Technology has revolutionized thermal and power management by giving application software greater control over the processor's operating frequency and input voltage. Intel on Thursday showed a silicon wafer studded with chips built with a manufacturing process that's set to arrive in 2025. They are using technology to build new products for the future. The products and the accompanying reliability on the products are the core reason for the success of Intel Corporation.

Accenture

Accenture

Accentutre is both a service-based and a product-based company. It is a global professional services company with leading capabilities in digital, cloud and security. . Through the Accenture Innovation Architecture, we combine our capabilities to invent, develop, and deliver disruptive innovations for clients, and to scale them faster. The technology Strategy & Advisory practice helps organizations harness technology and innovation to shape their technology visions, execute their digital transformation journeys, and reinvent their businesses to create exceptional, sustainable value from their technology investments. The company uses services like cloud, security, data, AI, digital, Industry X, enterprise platforms and intelligent automation.

Azah

Azah

Azah Sanitary Pads are also India's first made SAFETM certified i.e. they have been tested to be free from all harmful chemicals & irritants that shouldn't be in contact with the body. Azah is actively using the technology domain by using gel technology in their sanitary pads. Their pads are manufactured in China and South Korea. Besides the product, an investment is made in streamlining the supply chain management of the product and further improving customer service by leveraging technology. The startup believes in investing in giving high quality organic products to its customers.

Philips Electric Toothbrush

Philips Electric Toothbrush

The slim, compact Philips One by Sonicare comes with a form-fitting case and has 30 days of battery life. The Sonic technology in this brush removes plaque three times more than the standard manual brushing by making 31,000 brush strokes per minute. This technology utilizes micro vibrations which drive fluid inside the teeth and gum line leading to gentle and effective cleaning. It also features a built-in pressure sensor which is automatically alerted in case of brushing too hard to protect the gums. It is scientifically proven that people who use electric toothbrushes have healthier gums, less tooth decay, and keep their teeth and gums healthy for longer. You can avail this product from amazon or any other shopping apps.

Kirkland Signature

Kirkland Signature

The Kirkland Signature brand encompasses hundreds of items, including clothing, coffee, laundry detergent, food and beverages. It also includes gasoline, which Costco provides its members. In order to secure long term-supply, ensure quality products, create efficiencies, and eliminate unnecessary costs, Costco has been exploring vertical integration.  The new Kirkland aids are a unique product made specifically for Costco that are “powered by Sonova technology”. They recently began offering remote programming options for ‘select’ hearing aid models using latest technology. This is the reason why Kirkland Signature has become the most famous brand of Costco.

EndeavorRX

EndeavorRX

EndeavorRx is an FDA-cleared video game that can help improve attention in children with attention-deficit hyperactivity disorder. EndeavorRx is a digital therapeutic, meaning it can treat a medical condition through the use of technology. It is typically played for about 25 minutes per day, 5 days a week. It is enabled by Selective Stimulus Management Engine (SSME™) — the highly responsive technology behind EndeavorRx’s gameplay design. SSME is a proprietary technology that presents specific sensory stimuli and simultaneous motor challenges designed to target key neural systems in the brain related to attentional control. By analyzing in‑game interactions, they calculate a daily score to give parents a sense of their child’s level of effort and if their child is playing with the correct rules.

Tesla

Tesla

Tesla cars come standard with advanced hardware capable of providing Autopilot features, and full self-driving capabilities—through software updates designed to improve functionality over time. Tesla's Autopilot AI team drives the future of autonomy of current and new generations of vehicles. Eight cameras and powerful vision processing provide 360 degrees of visibility at up to 250 meters of range. Tesla-developed neural net, which is the foundation for how we train and develop Autopilot. They use AI to understand and anticipate the next movements of cars, pedestrians, and cyclists. In order to make cars fully autonomous, Tesla has to collect the right data to train the algorithms and feed their AIs. Technology has played a huge role in making Tesla a brand.