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Vectice's Products & Differentiators
The Vectice platform accelerates AI value creation, enables data science teams to broaden their impact within enterprises and solves wasted spend in AI by directly addressing two of the most common reasons for which AI projects get delayed, fail or don’t have the expected ROI. Vectice creates a unified view of the data science initiatives across an organization and is agnostic to all the tools and AI platforms the teams are using. In one place, team members can discover previous data science artifacts, like models, datasets, code, notebook and share domain knowledge for quick onboarding of new members, maintenance of existing systems and reuse of best assets for new projects.
Research containing Vectice
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Vectice in 1 CB Insights research brief, most recently on Apr 23, 2020.
Expert Collections containing Vectice
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Vectice is included in 2 Expert Collections, including Artificial Intelligence.
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Startups recreating how healthcare is delivered
Latest Vectice News
Apr 14, 2022
Opinions expressed by Forbes Contributors are their own. Global Digital Cognitive Strategist , Digital Visionary, Artificial Intelligence expert, Venture Capitalist, Innovation CTO, author & AI contributor to Forbes.com Apr 14, 2022, getty To maintain their competitive advantage, enterprises will need to scale their AI capabilities quickly and effectively. Here are the 100 companies with the fastest-growing AI teams, according to this analysis of data from Vectice . The report studied the 2,500 largest US companies and found that 965 have an AI team of greater than 20 employees. 541 companies that had an AI team of over 20 employees experienced positive growth in their AI team over the past 3 months. In terms of the number of new hires, Microsoft led the pack, with nearly 500 AI experts hired over the past 3 months. This represents a 8-fold lead over the second-fastest company, Kaiser Permanente. Other companies in the top 10 for number of new hires include Optum, CVS Health, USAA, General Motors, Ford Motor Company, Robert Half, Walmart, and Bloomberg. Overall, the fastest-growing teams were found in the technology and healthcare industries, followed by retail and finance/insurance. This indicates that enterprises across a variety of industries are seeing the value in AI and are investing in the technology. This article zooms into the top 10 companies charging the way, as well as an overview of the companies in the top 100. Top 10 Fastest-Growing AI Teams By New Hires New hires in the AI space have been growing at a fast clip, with the top 10 companies adding dozens of new AI experts over the past 3 months. MORE FOR YOU Fastest growing by overall number of new hires Vectice Number of top companies by percentage in healthcare, finance/insurance, tech or retail and CPG Vectice Source: Top 100 Fastest-Growing AI Teams, Vectice Companies like Microsoft, Kaiser Permanente, and Optum are leading the way in terms of AI team growth. These companies specifically are in the healthcare, insurance, and technology industries respectively. Their focus on AI team growth indicates that they understand the importance of the technology and are investing in it to maintain their competitive advantage. In terms of the top 10 fastest growing companies by percentage of growth with initial AI team size of 20-49 over the past three months, Concentrix, GameStop and Moody's Corporation take the top 3 picks. Each reflects the IT and Services, Retail and Financial Services industries, respectively. Top 10 fastest growing companies in percentage of growth with an initial AI team size of 20-49 over the past 3 monthsIndustry Top 10 fastest growing companies in percentage of growth with an initial AI team size of 20-49 over ... [+] the past 3 months Vectice Source: Top 100 Fastest-Growing AI Teams, Vectice In terms of the top 10 fastest growing companies by percentage of growth with initial AI team size of 50-250 over the past three months, ResMed, Northside Hospital and General Mills make up the top three. The trend is that healthcare and retail are two of the biggest industries represented. These industries have larger AI team sizes for a number of factors: they're collecting more data than ever before, and the complexity of the data requires more AI expertise to make sense of it. Top 10 fastest growing companies in percentage of growth with an initial AI team size of 50-250 over the past 3 monthsIndustry Top 10 fastest growing companies in percentage of growth with an initial AI team size of 50-250 over ... [+] the past 3 months Vectice Source: Top 100 Fastest-Growing AI Teams, Vectice When it comes to the top 10 fastest growing companies by percentage of growth with initial AI team size of +250 over the past three months, Microsoft, Robert Half, and Optum take the top three spots. This includes companies from a variety of industries: technology, staffing, and healthcare. Top 10 fastest growing company in percentage of growth with an initial AI team size of +250 over 3 months Industry Top 10 fastest growing company in percentage of growth with an initial AI team size of +250 over 3 ... [+] months Vectice The Benefits of Being an Early Adopter, And Why It’s Important The top 100 companies with the fastest-growing AI teams were selected based on their ability to scale their AI capabilities quickly and effectively. These companies are able to maintain a competitive advantage by being early adopters of AI technology. There are several benefits to being an early adopter of AI. This section will serve as a deep-dive into three of these benefits: a faster go-to-market time, improved decision-making, and increased customer loyalty. Faster Go-To-Market Time: One of the key benefits of being an early adopter is that it allows companies to get their products and services to market faster. This is because AI can be used to speed up the product development process. Improve decision-making: AI can be used to automate the analysis of data, which can help identify patterns and trends that would otherwise be difficult to spot. In addition, AI can be used to generate insights that can help inform decision-making. Increased Customer Loyalty: Early adopters of AI are also able to benefit from increased customer loyalty. This is because AI can be used to personalize experiences for customers and patients. Why is Microsoft, Kaiser Permanente, and Google Leading the Way? The top three companies in terms of number of new AI hires are Microsoft, Kaiser Permanente, and Google. These companies are leading the way in AI because they have the resources to invest in AI, as well as a need to scale their AI capabilities quickly. Microsoft is a leading provider of enterprise software and services. The company has a long history of investing in new technologies, and AI is no exception. Microsoft has been working on AI projects for many years, and has recently made a number of high-profile acquisitions in the space. For example, the company acquired Nuance for $19.7 billion acquisition, a company that provides speech recognition and conversational AI services. Nuance is particularly known for its deep learning voice transcription service, which is quite popular in the healthcare industry. Kaiser Permanente is one of the largest healthcare providers in the United States. The company has been an early adopter of AI, and is using the technology to improve patient care. For example, Kaiser Permanente is using AI to identify patients at risk of developing certain diseases. This information is then used to make decisions about how to best treat those patients. Google is a leading provider of consumer services. The company has also been an early adopter of AI, and is using the technology to improve its products and services, and has also acquired a number of companies in the space. For example, back in 2014, Google acquired DeepMind Technologies for $500 million. DeepMind is a leading provider of artificial intelligence technology. The Way Forward: What Businesses Can Do To Join The Ranks As enterprises race to build up their AI capabilities, it's important to remember that success with AI requires more than just a team of experts. Enterprises need to have the right data, the right infrastructure, and the right culture in place to make AI a success. In terms of data, enterprises need to focus on collecting high-quality data that can be used to train AI models. This data needs to be well-labeled and clean, and it should be collected from a variety of sources. In terms of infrastructure, enterprises need to have the computing power and storage capacity to support AI initiatives. They also need to have a well-defined governance model in place to ensure that AI is used responsibly. Finally, in terms of culture, enterprises need to create an environment that is conducive to innovation. This includes promoting a data-driven mindset, encouraging creativity, and giving employees the freedom to experiment. Only by investing in all of these areas will enterprises be able to build successful AI initiatives. Follow me on Twitter or LinkedIn . Check out some of my other work here .
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Vectice Frequently Asked Questions (FAQ)
When was Vectice founded?
Vectice was founded in 2019.
Where is Vectice's headquarters?
Vectice's headquarters is located at 891 Sunset Drive, San Carlos.
What is Vectice's latest funding round?
Vectice's latest funding round is Series A.
How much did Vectice raise?
Vectice raised a total of $15.6M.
Who are the investors of Vectice?
Investors of Vectice include Crosslink Capital, Global Founders Capital, Spider Capital Partners, Silicon Valley Bank and Sorenson Ventures.
What products does Vectice offer?
Vectice's products include Vectice.
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