Altada
Nominated Award: Best Use of AI in Sector
Website of Company: https://www.altada.com/
59% of companies say they are deploying AI. Only 11% of organisations achieve significant financial benefits with AI. (Boston Consulting Group, 2021) Enter Altada, Altada closes the gap between ambition and impact. We are pioneers in deploying and executing effective
AI to make the impossible, AI possible.
Our distinction vs other AI players: We make it possible to embed effective commercial AI at the heart of organisations. We close the gap between commercial ambition and actual impact. Our mission is to accelerate the digital transformation & business strategy across organizations by embedding our clients competitive edge in an AI model asset. We build ethical and sustainable AI and can rapidly advance to
organisational use.
Our clients plug the power of Altada into their existing tech teams to leverage the brilliance of Altada’s eminent team of AI solutions architects, Data Scientists and machine learning engineers lead by a Global AI thought leader. Our solutions reduce processing costs, create new levels of efficiency, and optimize existing resource allocation. We are currently deploying AI solutions across Finance, Security & Privacy and
Health verticals. Reduce Due Diligence, Underwriting and Pricing costs overnight.
Identifying a security, public or COVID risk in a packed football stadium while maintaining everyone’s anonymity. Providing real time analytics to large property shareholders in
the U.S so that they can make profitable investment decisions. We’re already disrupting in Fintech – we audited 2BN of loans last weekend alone for a major US Bank. Here we audit for legal and non-performing loan files before they become delinquent.
The AI Operational Platform market worldwide is projected to grow by US$14,3 Billion by 2025. More than 50% of enterprises struggle with AI deployment (UiPath (US)). Organisations with large data sets must immediately act on their own intelligence to be competitive in today’s insight driven economy. Data is growing exponentially, and operational efficiency is necessary for survival. Many AI Companies fail in delivering operational AI solutions.
Enter Altada; Altada is the proven balance of data scientists, engineers and commercial technologists to utilise AI technology to solve business problems creating shareholder value for our clients. Altada is a pioneer in providing and, crucially, executing AI solutions.
Our mission is to solve the seemingly unsolvable- To leverage AI in the manner that it was originally created – taking what we know and using the power of computing to create meaningful human and business change. From a business perspective, we expect to hit our 100M Valuation by the end of the year.
Reason for Nomination:
Altada are currently the leaders of AI in Europe, Altada is built on the cornerstone of AI for good. All the technology we create is underscored with trustworthy AI and the most stringent AI Ethics code.
We are making bespoke technology for those most in need. We are creating innovative solutions that enhance data driven decision making, increase automation and frees up employees so that they can focus on higher value, rewarding tasks. We work at the cutting edge of AI technology, always innovating and creating new software to meet real user challenges
Altada is one of the most exciting companies in Ireland, this month EU Startups Magazine included us in the 10 promising Ireland-based startups to watch in 2021. Our expertise has been endorsed at highest Academic, Deep tech and hyper commercial levels: Altada is a Deep AI Domain specific company that develops Deep Learning Algorithms, Predictive Models, Computer Perception Algorithms and Knowledge Extraction Systems. Altada’s proprietary and preeminent deep tech solutions are endorsed by Global Tech players, like Amazon, and the AI Research community elite. A Hyper commercially rational asset management company who uses Altada’s solutions, invest in Altada, calling Altada the “Brains and Horsepower” of their business. They have $14BN under management and are following into the next funding round with us. In terms of market validation, it’s harder to find greater evidence than a hyper commercially rational U.S. finance client who wants ‘in’.
We have just opened our tech hub in Malta, we have enterprise Ireland Hubs in Austin & Dallas. We have just hit 50 people, hiring a Chief Innovation Officer, New York based, and ex. Bridgewater – largest Asset Management Company in the world.
Co- Founder, Allan F Beechinor is a successful Entrepreneur with 20+ years of experience in artificial intelligence, machine learning, and data science. He is a well-established AI thought industry leader in the EU and is CEO & Co Founder of Altada(Team of Data scientists and analysts), an AI company working with Financial Services companies in the United States and Global Technology Providers to Healthcare support services for Covid 19. Allan also works closely with the World Health Organisation. Allan is a board member of the Centre for Research Training in Artificial Intelligence Ireland, the SFI Centre for Research Training in Artificial Intelligence and Ireland’s national Centre for PhD Training in Artificial Intelligence. Allan is the independent representative for the European Digital Innovation Hub’s Digital Europe Programme evaluation panel, comprising of representatives of Department of Enterprise, Trade & Employment, Enterprise Ireland and independent representatives He is a member of the AI advisory Board for the AI program at University Limerick, a member of the AI Advisory Group for Tech Ireland, a Co-Founder of Alsessor AI, an AI accelerator with Tangent, Trinity College Dublin Idea’s Workspace and a member on the AI advisory Board to Rebel BIO, life sciences accelerator Imperial College London (2018-2019). Allan works closely with NYU and NJIT PhD candidates program.
Allan is one of few technologists to feature in the Gartner cool vendor list for Data Management Innovation, Magic Quadrant and industry leader board for privacy management within two years, with the rare accolade of doing so concurrently with three different privately-owned companies for a specific use case.
The other co-founder, Niamh Parker has over 20 year’s experience across the legal, hospitality, sport and technology sectors. She is also the CEO of Altada’s sister company BeaconAI which specialises in data privacy solutions. She is a serial entrepreneur and is a founding member of (i) Alana, an on-demand fashion platform providing virtual styling services; and (ii) Grifalgo, an online talent tracking tool for employers using AI and ML, designed to match students with the organisations Company Culture. Niamh also holds a Masters in European and Comparative Law (LLM) and is a huge privacy by design advocate.