Bringing Businesses the Power of Superior Artificial Intelligence – Company Taps Time-Series Data to Create AI Models Tailored for Customers
SAN DIEGO, MAY 30, 2018 – Analytics Ventures, a fund dedicated to creating and building venture companies that harness the power of artificial intelligence (AI), publicly unveiled today Dynam.AI, a company focused on helping organizations of any size, stage or industry maximize the potential of AI. Over the course of 18 months, the Dynam.AI team has built a suite of AI algorithms and tools that can now be adapted by organizations worldwide seeking best-in-class, rapid deployment of artificial intelligence.
AI is the next industrial revolution, and many businesses have acknowledged the value of applying AI solutions to business operations. In fact, in a recent global survey of more than 3,000 business executives, 75 percent said they believe AI holds the key to new business opportunities, and 85 percent see AI as a distinct competitive advantage. However, despite the excitement and general willingness to innovate, more than half of all companies lack an AI strategy and the proper execution approach —a significant barrier to entry. Backed by a world-class team of domain experts, including leading data scientists and researchers, developers, user-experience designers and software engineers, Dynam.AI will play an active role in closing that gap.
“Adopting AI and integrating it properly into business processes can be daunting. Many companies have access to data and are able to articulate a business need as it relates to their data, but they lack the talent or access to the right AI solutions to make it all come together,” said Dave Ferrell, president of Dynam.AI. “By introducing Dynam.AI to the marketplace, we’re connecting companies with proven AI tools that can be tailored to their business environment. Companies will greatly benefit from speed of delivery, cost efficiencies, reduction of project risk, and most importantly the most optimized results.”
With its proprietary set of AI algorithms, Dynam.AI offers organizations the ability to solve real world business problems in the areas of prediction, forecasting, detection and recommendations. Common applications where these algorithms have shown superior results include pricing and inventory optimization, forecasting resource requirements or market trends, and maximizing customer conversions. Detection capabilities enable early identification of machine failures or maintenance needs, behavioral risk, non-compliance behaviors, and reinforcement learning for process control and optimization. The recommendation engine provides businesses, such as online content publishers or advertisers, a competitive advantage by optimizing content, incentives, and other user-focused offers such as maintenance plans.
“Working with Dynam.AI has enabled Empyr to tap into industry-proven AI algorithms and expertise from a deep bench of data scientists,” said Jon Carder, CEO of Empyr. “Leveraging Dynam.AI’s recommendation engine tailored to our needs allows us to offer a superior product to our customers in a fast and efficient way.”
“Analytics Ventures has a proven track record of incepting and growing new ventures in AI. By adding Dynam.AI to the firm’s portfolio, we’re fortifying our already-strong roster with a brand that will transform and redefine the application of AI for all businesses,” said Andreas Roell, managing partner, Analytics Ventures. “AI opportunities exist in every industry, from healthcare and advertising, to education and energy – the potential is limitless. Dynam.AI was formed as a way to provide accessible solutions to corporations that recognize the potential of AI for their business.”
About Analytics Ventures
Analytics Ventures is a venture studio providing a front-to-end infrastructure to ideate, form, launch, fund and validate brand new ventures in artificial intelligence (AI). Its proven and repeatable venture formation structure delivers higher reliability for launch and venture success. Analytics Ventures takes ventures from formation to public launch in as little as six-months, while providing a working environment complete with office space, funding, technology, back-office, and operations support, all in-house. The firm also has its own in-house AI lab, data scientists, and development team consisting of leading AI experts, as well as a large network of corporate and academic partnerships and later stage venture funds to help inform and enhance the journey of each of the ventures it incepts. To learn more about Analytics Ventures, visit www.analytics-ventures.com.
Dynam.AI provides tailored solutions in artificial intelligence and machine learning for companies seeking an effective and efficient means to implement AI. Driven by a team of domain experts, including leading data scientists and researchers, developers and UX/UI designers, Dynam.AI applies time-series data algorithms to address difficult business challenges through prediction and forecasting, detection, and recommendations. Dynam.AI is an Analytics Ventures company, a fund dedicated to creating and building transformative venture companies that harness the power of artificial intelligence to deliver global impact.