ECOONLINE
Investors onboard with EcoOnline include , Summa Equity , Goldman Sachs , Premier Milton Investors , Swedbank Robur , Capital World Investors , Ophir Asset Management , Dider & Gerge Fonder and Viking Venture .
Focus on Machine Learning This is an area EcoOnline has carefully explored for a couple of years and is now tuning up its innovation and investment efforts .
“ We recently started a new sub-department in R & D called “ machine learning ,” and recruited a great leader for this team , who stepped in as our Chief Data Scientist and is now bringing four more ML developers ,” said Bauer .
“ We want to exploit possibilities in our products to both simplify and automate processes so that we can both help ourselves and our customers save time and money .
We already have an enormous amount of data to which we can develop and apply ML models to achieve advantages . Examples being automating data input , suggestion and recommendation engines and ML empowered search mechanisms .
“ We have also recently invested in a very exciting company called Protex . AI which focuses on Vision based AI . With them we want our products to be more helpful in real time situations and aid our customers in avoiding dangerous situations through predictive video analysis . This is an extremely interesting and promising area .
“ In terms of innovation we are also exploring other areas and have already taken quantum leaps in our cloud architecture journey . All our main assets are now on AWS and we are then able to empower our applications with a multitude of services available there .”
Bauer points out that it ' s vital to position your R & D department and technology
290 October 2021