ThinkSense.ai: Augmenting Businesses with Cognitive and Intelligent Technologies for Better Operational Efficiencies

ThinkSense.ai is a leader in Cognitive Robotic Process Automation and AI / ML Process Mining. The company is a firm believer in "Think Business, Think Sense"​. ThinkSense uses common sense to solve complex business problems. The company's toolkit helps users to create Desktop Automation in less than a minute without any specialized technical knowledge. ThinkSense's AI observes users' actions on a desktop and creates automation within no time.

Moreover, the company's innovative products help its clients achieve Rapid Business Transformation with minimal effort. Its flagship product RoBoost, that gives businesses a Robotic Boost, is a Cognitive-RPA Toolkit which is the most powerful yet easy to use tool. RoBoost allows non-technical users to automate their mundane tasks without any technical knowledge apace. The product scales up elegantly to an army of autonomous robots in a Bot Farm, handling millions of requests on a daily basis. They are monitored and controlled centrally by ThinkMarshall.

Another significant product, brought in by ThinkSense is SmartSense. It is a revolutionary Business Redesign toolkit. SmartSense is all about providing accurate answers to business-critical questions like:

•  Which Process should be Automated?

•  Which part of the process flow can be Automated?

•  What's the ROI?

SmartSense employs AI and Cognitive Algorithms for Process Mining. It can Discover, Map, Collate and Optimize all Desktop and Web-based Business Processes in an organization. The product presents all this information in an easy to understand manner on a dynamic dashboard.

SmartSense is an exceptional Business Redesign tool for CXO's helping them to rapidly transform the business with speed, agility, and surgical precision. It delivers real-time insights, AI-driven Analytics and Business Process Transformation Matrix which help CXO's to deliver operational efficiencies of over 40%.

A Perceptive Leadership

Ghanem Saeed Al Mazrouei, who serves as the Chairman and Co-Founder of ThinkSense, is an Emirati businessman and global entrepreneur with more than 30 years of experience in local markets across all industries. He strongly believes that technology is the future of growth. He is running 1.3 million project in oil and gas as well as investors of Artificial Intelligent-ThinkSense.

Samir Parekh, Founder of ThinkSense.ai, is a High-Frequency Trading Systems Expert with over 15 years of experience in delivering successful Trading Platforms. He has extensive experience working in Equities, eFX, Market Making, Algo Trading, AI, Deep Learning Domain. Samir has successfully delivered solutions at CitiBank, BNP Paribas, Credit Suisse, London Stock Exchange & Lehman Brothers.

His specialties include: bringing order to chaos, planning and executing complex projects, coaching and organizing games and team building activities, serving as resident C# guru, and leveraging his programming skills to deliver exceptional results.

Samir has a passion for facilitating team environments where a sense of community and purpose goes hand in hand with professional accomplishment. He can leverage strong organizational skills to anticipate and mitigate the details of complex issues and risks. Moreover, he has extensive experience navigating teams through difficult changes and motivating people to collaborate within challenging constraints.

Samir is very strong on Low Latency Multi-threaded Server Side development, AI + Machine Learning Algos (Pricing Signal recognition and generation) and has good financial experience in Algo Trading Equities, eFX Market Making, and Fixed Income.

He holds bachelors in High-Performance Computing. Samir was a Gold Medalist and University first ranker – Masters in Computer Applications in High-Performance Computing.

Optimizing Businesses with Comprehensive Product Line

ThinkSense helps its clients to optimize their business processes, reducing costs and assets. With proven experience and deep industry-specific expertise, the company's solutions and services are exceptionally qualified to deliver innovation with measurable performance. ThinkSense brings very advanced technology solution. The company introduces ThinkSense.ai Cognitive RPA (self-service RPA) toolkit which is extremely effective in automating Middle Office and Back office operations like data processing, trade reconciliation, client onboarding, sanity checks, UI testing etc. The product requires virtually zero implementation time and it can be used by users who have low to no technical knowledge. It also increases output accuracy significantly and reduces operation cost by 40% minimum.

ThinkSense.ai helps office workers spend more time doing what they love to do and less time doing what they have to do. With RoBoost, organizations can achieve increased revenues and reduced costs by freeing up employees for strategic initiatives. Its machine learning algorithms learn to automate work by continuously observing user behavior. Once RoBoost understands a process, it can automatically generate RoBoost tasks to automate repetitive business processes. In general, the product reduces business process automation time-to-deploy by more than 90%.

Being a highly efficient tool, it can create both micro and macro automation. For example, RoBoost can automate business processes such as Account Opening, Client Reporting and Account Entry in a minute. Moreover, the tool is adaptive and constantly evolves with changing processes (Infinite shelf life) and continuously learns, and keeps on adding, deleting and editing RoBoost tasks based on changing business processes.

SmartSense, on the other hand, enables experts to refine processes to deliver Operational Excellence. For significant clients, SmartSense experts have discovered the complexities of using excel spreadsheets and proposed a refined business process with SmartSense to automate data processing and switching between systems which reduces the average time a query.

Key Performance Indicator(KPI) is generated for employees to measure the productivity and efficiency of individuals on a daily basis. Reports can be reviewed by individuals and higher authorities. For certain firms, SmartSense has identified employees' actions and on the basis of action, it divides tasks into categories such as productive and non-productive. And thereby reducing average execution times by increasing the overall productivity.

Driving Technological Innovation to Enhance Productivity

Intelligent Automation (IA) can learn from people, eventually taking over the processes that humans once completed, at a much faster pace. The technology is the innovative use of Artificial Intelligence (AI), Machine Learning and Robotic Process Automation software to perform repetitive rules-based knowledge work across an organization as a substitute for, or aide to, human workers. According to ThinkSense, "Virtual AI Workers" replicate the specific actions a human would take while working with IT systems, the decisions they make and the logical processes they follow, while interacting between different systems and applications.

The amalgamation of AI+IA has a significant impact on the way organizations operate: it can impact 55 percent of all work and help save approximately US$ 2 trillion in workforce spending, and it provides three to six months on average Return on Investment (ROI) for an RPA project. Moreover, as observed by ThinkSense, around 94 percent of CEOs who have incorporated RPA believe that it has increased their overall organizational productivity. The company predicts that by 2025, 25 percent of jobs will be robotized.

While explaining about the innovative offering of his company, Samir Parekh says, Intelligent Automation offered by ThinkSense is expected to save companies 70-90 percent labor cost by making intelligent use of resources, near-zero error rates, improved compliance and reduced process cycle time, all of these through the implementation of machine learning and AI to develop/enhance procedures.

Prized Recognition Across Industry

ThinkSense caters to the industry demands with its innovative AI-driven technology which is powered by intelligent automation and process mining to help businesses excel ahead of their competitors. To applaud this contribution, the company has been recognized as a global innovator.

ThinkSense was Winner of €150K from the Ministry of Economy, Luxembourg and was named amongst the Top 10 Most Disruptive AI Startup – AI&AnalyticsX (Europe Digital Transformation Expo). The company has also received US $50K technology investment from Google. ThinkSense is one of the 100 Most Disruptive Scaleups Globally in Vodafone – The 5G DIG List. Unbound London has named the company amongst the Top 50 Most Disruptive Startups in Europe. Apart from Google, another tech giant, Microsoft has awarded US $120K technology investment to the company.

Moreover, ThinkSense is an esteemed Member of LePlateauLUX (Societe Generale). The company has the membership of Coveted #Startup Academy – Money USA 20/20, as well.