Stratio BD introduces Stratio Gen-AI, a secure engine for businesses that is a first in the world that allows companies to access corporate data in plain language using generative AI.
The world’s first generative AI engine, Stratio Gen-AI, was today introduced by leading Generative AI Data Fabric specialist Stratio BD. Its goal is to address one of the biggest data management challenges businesses face by enabling any employee, regardless of technical proficiency, to easily, quickly, and securely access any information they need.
The system makes use of a Large Language Model (LLM) to offer information and data insights in plain-spoken, human language and to comprehend a variety of user languages. This user experience is akin to, but unrelated to, that of the highly popular ChatGPT. To deliver the most pertinent and correct response, this can range from having different native languages to having varied technical and literacy skills.
This guarantees that any user across all departments can ask any inquiry and that Stratio Gen-AI will promptly respond with the correct response, boosting efficiency while also expanding each department’s capacity to make deft decisions based on insightful data. For instance, it eliminates the need for teams to download numerous reports from various apps and combine them into a single spreadsheet. It also eliminates the need to wait for data analysts to produce reports, which can take a long time.
The new conversational tool completes Stratio BD’s vision to democratise data with its Generative AI Data Fabric offering: an AI-driven, end-to-end data management product created to remove historical barriers to data access, allowing businesses to streamline data analysis, automate tasks, and ultimately make better, more informed decisions that improve the bottom line.
“No matter what department you work in, whether it’s sales, HR, legal, marketing, or operations, your work will always be governed in some way by the most up-to-date and accurate data available to you. The Stratio Gen-AI engine is revolutionary for businesses as it empowers teams to use insights that would otherwise be either inaccessible, incomplete, or only possible for a data scientist to retrieve and understand. The use cases for how businesses can utilise this tool to improve and streamline operations are immeasurable.”
Oscar Mendez-Soto, CEO and Founder, Stratio BD
Stratio Gen-AI removes any barriers for users to optimise their performance while minimising the requirement for administrative reporting, from routine inquiries a manager would usually ask their team to the more complicated that would require a comprehensive data report from the technical teams. Asking Stratio Gen-AI a straightforward query now makes it feasible to do things like predict which consumers are likely to leave the company, get a sales prediction, and identify the company’s most popular products that month.
Businesses frequently struggle to derive meaningful meaning from data because it is kept in separate places or by different applications. However, because Stratio Gen-AI sits on top of the unified business data layer produced by Stratio BD’s Generative AI Data Fabric product, the engine can access all of a company’s data in a single perspective and at the same time obtain a response that is meaningful in the context of the business.
Businesses can use the closed-source Stratio Gen-AI interface without worrying about the security of their customers’ data because it never leaves the company’s computers. Users of the Stratio Gen-AI can only access data that is relevant and unrestricted to their position in the business thanks to the governance and role-based access to data currently enabled by Stratio BD’s data governance module.
The tool analyses, summarises, generates, and forecasts massive data sets using deep learning algorithms. The businesses that often manage big volumes of data at scale, such as those in the financial, manufacturing, retail, telco, public sector, and the health and life sciences, stand to benefit the most.
A number of Stratio BD’s clients in the financial sector, including well-known high-street banks, have already started using the engine, which is currently accessible and in high demand.
The company, which has its headquarters in Spain, recently opened regional offices in the UK and France as part of ambitious aspirations for global expansion. The company currently employs more than 500 people across seven nations.
Major corporations including Santander, HSBC, BBVA, and Carrefour are among Stratio BD’s clients. Stratio BD was founded in 2014 by businessmen Oscar Méndez Soto and Ernesto Funes. The firm, which is regarded as a global leader in the data fabric market by analysts like Gartner and Forrester, concluded its Series C fundraising worth EUR 65 million last year and experienced 40% growth.
“Crucially, this technological leap is only possible because of 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, which is why we are in prime position to pioneer this technology for our clients.”
Oscar Mendez-Soto, CEO and Founder, Stratio BD