Stratio BD launches Stratio Gen-AI, the world's first secure engine for enterprises that enables enterprises to use their natural language data with generative AI.
MADRID, July 4, 2023 /PRNewswire/ -- Stratio Gen-AI is the world's first generative AI engine designed to solve one of the biggest data management problems businesses face: providing any worker with a easy, fast and secure access to any information you need, regardless of your technical knowledge.
The technology uses a Large Language Model (LLM) with a user experience similar to, but not related to, the globally successful ChatGPT, allowing it to deliver information and data in easy-to-understand human language, as well as understand the different user languages. This includes everything from various mother tongues to different technical and literacy abilities, in order to provide the most relevant and accurate answer.
This also ensures that any user across all departments can effectively ask any question and Stratio Gen-AI provides the answer instantly, rapidly improving productivity while increasing each department's ability to make informed decisions based on insightful data. . For example, it eliminates the need for teams to download multiple reports from different applications and merge them into a single spreadsheet, as well as the often long wait time for data analysts to compile reports.
The new conversational tool is the final piece of the puzzle to Stratio BD's vision to democratize data with its Generative AI Data Fabric offering: a comprehensive AI-powered data management product designed to break down traditional data access barriers. , enabling companies to simplify data analysis, automate tasks, and ultimately make better, more informed decisions that benefit the bottom line.
Óscar Méndez-Soto, CEO and founder of Stratio BD, has stated: "No matter what department you work in, be it sales, HR, legal, marketing or operations, your work will always be somehow governed by the most up-to-date and accurate data. Stratio's Gen-AI engine is revolutionary for businesses, enabling teams to use information that would otherwise be inaccessible, incomplete, or only a data scientist could retrieve and understand. The ways companies can use this tool to improve and streamline their operations are immeasurable."
From the everyday questions a manager would ask their team, to the more complex ones that would require comprehensive data reporting by technical teams, Stratio Gen-AI removes any obstacles for users to maximize their performance while reducing the need to of administrative reports. For example: get a sales forecast; identify the company's most popular products that month; or anticipating which customers pose a flight risk is now possible with a simple question to Stratio Gen-AI.
Businesses often struggle to get the true meaning of data as it is stored in siled locations or across multiple applications. But because Stratio Gen-AI is built on top of a unified enterprise data layer created by Stratio BD's Generative AI Data Fabric product, the engine is able to access all of a company's data in a single view and simultaneously get an understandable response. in the context of the company.
Stratio Gen-AI is a closed source interface that companies can use without any risk to data security, since data does not leave company systems. Furthermore, thanks to the role-based data access and governance already enabled by the Stratio BD data governance module, Stratio Gen-AI users can only access data that is relevant and not restricted to their position in the company.
The tool uses deep learning techniques to understand, summarize, generate, and forecast from large data sets. In particular, the companies that will benefit the most are those that typically handle large volumes of data at scale, such as the financial, manufacturing, retail, telecommunications, public sector, and health and life sciences sectors.
This service is already available and in high demand, and several Stratio BD clients in the financial sector have already started using the tool, including well-known banks.
The news comes at a time when the Spain-based company has opened regional offices in the UK and France in early 2023 as part of its ambitious global expansion plans, now with more than 500 employees in seven countries. .
Founded by businessmen Óscar Méndez Soto and Ernesto Funes in 2014, Stratio BD counts among its clients large companies such as Santander, HSBC, BBVA and Carrefour. The company is recognized by analysts such as Gartner and Forrester as international leaders in the data fabric space, and last year completed its €65 million Series C financing, while achieving 40% growth.
Oscar concluded: "Fundamentally, this technological leap is only made possible by the incredible capabilities of our market-leading data fabric product. Generative AI cannot understand or manage technical data unless it is available in a unified business layer and given business meaning through ontologies. Our Stratio Gen-AI product does this best, so we are uniquely positioned to pioneer this technology for our customers."
For more information, visit //stratio.com/gen-ai
About Stratio BD:
Stratio BD, a specialist in the generative AI data fabric, was founded in 2014 by entrepreneurs Óscar Méndez Soto and Ernesto Funes. The company, based in Madrid, Spain, was created to help companies fully harness the power of the data fabric and AI. Stratio BD's Generative AI Data Fabric product provides companies with composable data management solutions, enabling governance, virtualization, advanced analytics and AI to multiply the productivity of the companies that use it, reducing costs and time. time at a fraction of what they need. The product offers a number of features, such as simplifying data understanding for business users, providing knowledge graph representations, applying AI algorithms to augment data management tasks, and automating manual AI development. The platform also provides users with complete flexibility and scalability, allowing businesses to deliver maximum performance at any peak workload.
Last year, Stratio BD completed its series C financing worth €65 million, led by InfraVia with the participation of Adara (series A and B investor) and the founders. The company had reached critical mass in its historic markets of Spain and Latin America, and is now leveraging proceeds from the round to finance business expansion across Europe and, eventually, the United States, Asia and the Middle East. Stratio BD was named a Gartner Cool Vendor for Data Management in 2021 for its innovative generative data fabric platform.
For more information visit: www.stratio.com
Our Generative AI tool, Stratio Gen-AI engine, is designed to help companies generate answers and insights based on available data. Stratio Gen-AI engine is provided by Stratio BD solely as a technology solution. The use and use of the tool, as well as any decision made based on its results, are the sole responsibility of the clients. Stratio BD does not in any way guarantee that the tool will work without errors or problems. It is important to note that Stratio BD cannot guarantee the accuracy, completeness or reliability of the results and responses generated by the Stratio Gen-AI engine. The interpretation and use of these results are the sole responsibility of the clients. Stratio BD is not responsible for any business loss, damage or consequences arising from the use of our solution. Clients are responsible for ensuring the quality and adequacy of their data and for making informed decisions based on the results provided by our tool.
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