According to Stratifyd Founder & CEO, Derek Wang, the world is still not close to the Hollywood vision of AI. “The movie idea of AI, general, human-like AI, is still a long way away. A general purpose AI is really impressive, but doesn’t have a lot of value in the marketplace,” says Wang. Stratifyd built their AI with a specific use in mind from the very beginning. Purpose is at the heart of Wang’s philosophy regarding artificial intelligence. He believes that AI must be built with a specific function in mind and that the function drives an AI’s value.
For Stratifyd, that value lies in big data analytics. The AI behind Stratifyd’s platform is used to merge structured and unstructured data in huge volumes into a singular overview of data for businesses worldwide. They look to provide feedback analysis on massive amounts of information in minutes, not months, by letting the AI automatically analyze data for insight.
For us, AI is about augmenting human skill, making us better and faster at what we do by utilizing technology
“AI is not about replacing people, it’s about letting the artificial intelligence do the heavy lifting so that analysts and managers can be free to use their creativity and knowledge to do something with the results,” says Wang. He adds, “For us, AI is about augmenting human skill, making us better and faster at what we do by utilizing technology.”
Data analytics, historically, has been a time-consuming and expensive task. As such, Stratifyd has made speed to insight one of their highest goals. According to Wang, Stratifyd’s platform can now process two terabytes of streaming data in near real time. Meaning, as the data comes in, the AI uses machine learning and natural language understanding to analyze it automatically and provide results almost instantly. Stratifyd prides itself on being able to analyze millions of pieces of data in mere minutes, making a process that at one point took weeks or months to clean, organize, and analyze data to generate results into one that can be done before lunch.
Stratifyd believes its data analytics platform can revolutionize how companies use the mountain of information they collect every day. By helping companies understand the true value locked away inside their data, Stratifyd can help open the door to faster, more efficient insights and prove once and for all that data-driven decisions are the right ones.