News Contact Us

Paytm ties up with Alibaba, unveils new AI cloud computing platform

Author : Sunil Hebbalkar | Published Date : 2018-08-22 

Indian e-commerce and digital wallet company, Paytm has reportedly launched a new AI powered cloud computing platform, Paytm AI Cloud in collaboration with the Chinese mammoth Alibaba. As per sources, the platform has been introduced in a bid to lend support to developers, startups and enterprises in India.

Apparently, the new platform aims to offer a portfolio of business-centric apps for organizations that require high quality cloud computing solutions. According to The Economic Times, the digital payments company claims that their new AI platform would be effective in storing and processing all their consumer data in local servers spread across India, while maintaining the company’s high privacy and security standards. 

As per Sujit Kumar Mishra, VP of Paytm, the current organizations require advanced workflow automation tools to enable increased efficiency and productivity. The Paytm AI Cloud encompasses all the essential requirements on a single platform, while assuring money, time and resource savings for the organizations, he says.

Mishra adds that Paytm considers its customers’ data privacy and security as its highest priority and is focused on protecting customer data stored on local servers from any third-party organizations.

According to sources, Paytm AI cloud would be featured with business solutions that include pattern recognition technology, easy to access cloud computing services, ready to use apps, predictive computation and pretrained models.

In addition, Paytm also plans on collaborating with Alibaba powered communication platform, DingTalk in a bid to offer cross platform messaging solutions via chats, emails or audio or video conferences.  

As per an official statement, the new AI Cloud platform is equipped with an advanced marketing automation platform that offers enterprises a direct relationship with every individual customer spread across various channels. Enterprises would now be able to offer a distinguished suite of services, design individual customer lifecycle, and provide rewards that matter the most to the business.

About Author

Sunil Hebbalkar

Sunil Hebbalkar

Sunil Hebbalkar currently works as a content writer for fractovia.org and other portals. A post graduate in mechanical design engineering, he nurtures a passion for writing articles related to myriad industry verticals such as the technology, automotive, and healthcare sectors. When free, Sunil pursues his interest in cycling, reading, and sketching. He can be contacted at- [email protected] | https://twitter.com/HSuniel

Related News

Smilegate Entertainment officially launches its own VR based games

Published Date: 2019-07-08         Author: Sunil Hebbalkar

Both the VR games have been showcased at global gameshows like Taipei Game Show, Pax Australia and Tokyo Game Show. The South Korea based video game developer – Smilegate Entertainment has reportedly announced to have launched a dating adventure VR game named Focus on You and another calle... Read More

Telix signs PI Medical as distribution partner in Netherlands

Published Date: 2019-07-03         Author: Sunil Hebbalkar

PI Medical to receive exclusive rights to distribution of TLX591- CDx in Netherlands Australia headquartered - Telix Pharmaceuticals, a clinical stage biopharma company has reportedly signed Netherlands- based PI Medical Diagnostic Equipment for the distribution of TLX591-CDx cold kit in Netherl... Read More

System Seals buys Austrian seal manufacturer Plastoseal Produktions

Published Date: 2019-06-26         Author: Sunil Hebbalkar

The acquisition will witness the company catering to a larger market. Ohio-based System Seals Inc., an industrial leader in reliable performance seals has announced to have acquired Austria based seal manufacturer, Plastoseal Produktions. According to trusted sources, the transaction will enh... Read More

© 2019 Fractovia. All Rights Reserved