Does AI increase company profitability? AI (Artificial Intelligence) is a software tool that can perform specific tasks using enormous amounts of data and mathematical algorithms. Artificial intelligence finds patterns in the data and makes predictions and decisions based on them. AI can provide greater efficiency in various work processes and increase profitability. For example, AI
Artificial intelligence systems, known as ‘kratt’* in Estonian, are revolutionizing the way people tackle big, data-intensive, and repetitive tasks by providing faster and easier solutions. The government has a major role in developing these systems, as AI is increasingly being deployed in diverse areas. Estonia’s Heritage Board is one of the cultural institutions that recognizes
Rocketing energy prices and growing energy security concerns have grown the interest in solar and wind production immensely. ROI calculations of these investments rely on a robust assessment of production outcomes and historical energy price data without any realistic outlook to future. Production of renewable energy relies on uncontrollable weather conditions. Incorrect production estimates cause
Rising energy consumption globally is leading to increased demand for renewable energy sources. Efforts to replace fossil fuels with renewables raise numerous issues – high energy prices, the complexity of selling to the grid for renewable energy producers, and increasing frequency volatility in the grid. This instability is largely caused by the unpredictable nature of
In recent years, issues surrounding energy consumption and production have become an important matter for all of us. Optimizing energy consumption is not only beneficial for our budget, but also for the environment. Simple practices such as turning off lights when leaving the house or office are a step in the right direction. To truly make
The advances in information technology allow people to develop accurate machine learning models that can learn from collected data. The application of such models helps to predict the demand for various products, such as goods sold in grocery stores. Retail chains sell a wide range of products which are ordered using different algorithms. One of
Did you know that artificial intelligence can also be used in museums? The Estonian National Heritage Board launched an exciting project called kratt Sälli* whose purpose is to make conducting inventories in museums quicker and more convenient. Due to the large amount of museum objects, it is not feasible for museum staff to thoroughly examine
Our portfolio contains successful data science and ML projects with many Estonian startups: FoodDocs, E-Agronom, Eurora Solutions, Messente Communications, Balti Meediamonitooringu Grupp, Mifundo, MS Skype, Zeroturnaround, Reach-U, Wise, Plumbr, KappaZeta, Texta. STACC has enhanced the core technology of these companies with ML and data analytics capabilities. It is not just the superb technology we provide, but we
Did you know that robots aren’t just made for scrubbing the floors and other types of dirty work? They can be used to do lots of other exciting things, like theatre. To break the cult of robots scrubbing floors and mowing lawns, MEDITA researcher Liina Keevallik took it upon herself to do something particularly cultural and beautiful with robots – robot theatre.
Have you ever heard a bird sing while walking in the park or in the woods and wondered which bird sings so beautifully? STACC and Lapponica have developed a powerful bird song recognition application that allows you to record a bird song and identify which bird the song belongs to. Lapponica is a company created
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