Georgian graduate of Harvard launches an artificial intelligence company in the US
16 March, 2018
Georgian graduate of Harvard launches an artificial intelligence company in the US
The role of artificial intelligence is increasing year by year throughout the world. According to computer technology specialists, development of this field will gradually replace human resources. Some companies have actively started working on artificial intelligence.

Palatine Analytics is one of such companies that is actively involved in developing this direction. It is noteworthy that person behind the company is 24 years old Georgian graduate of Harvard Archil Cheishvili.

He launched an artificial intelligence company together with his two friends
after graduating from Department of Economics at Harvard University.

geotv.ge

Georgian graduate of Harvard Archil Cheishvili

According to him, his company operates successfully in the United States, while its turnover increases by 25% per month. Palatine Analytics helps large companies to manage human resources properly.

In particular, mood, productivity, motivation and future plans of an employee are analyzed by using artificial intelligence. The software developed by Archil Cheishvili and his friends, evaluates the possibility and the reasons of an employee’s dismissal as well as the chances of one’s potential of professional development.

After conducting research, Palatine Analytics advises companies how to maintain valuable employees and increase both their motivation and productivity.

The idea popped up in our mind when sitting at Harvard University cafeteria. We noticed that the employees of many companies had a problem of losing the interest towards work and also they could not develop themselves professionally. As a result, such demotivated staff had to leave their jobs. When hiring new workers company has to organize training and devote more time, that is unprofitable for the employer. What’s more, my friends and I were interested in artificial intelligence, so we decided to combine these two directions and eventually came up with Palatine Analytics” Archil explains.
geotv.ge
The company founded by 24 years old Georgian has been operating for a year and a half

The company founded by 24 years old Georgian has been operating for a year and a half already.

“Our system consists of three main parts. The employees of the companies visit our website to answer specific questions and on its basis they receive result. For instance, the questionnaire unfolds what they should improve and why. Then we analyze this data and deliver the information about the employee’s strong and weak sides to the management of the company.

We also observe how their skills change time by time and forecast the possible future of the employee based on one’s mindset. Subsequently, companies know how to foster development of their employees as fast as possible.

The second part focuses on the goals of the employees, and how they are fulfilled.Third part is the questionnaires. We ask the employees a simple question, for example, “how are you doing today?” Based on they response: happily, miserly, or neutrally, we can decrease the number of people who might suddenly leave the company”, says Archil. 

geotv.ge

Archil plans to offer the service to Georgian companies too

According to Archil Cheishvili, former employees of the companies such as Microsoft and Google are also involved in Palatine Analytics’ work.

Archil plans to offer the service to Georgian companies too. According to him, Georgian companies are already interested in cooperating with him.

Archil Cheishvili, who is successfully engaged in business activities, studied at Tbilisi’s #55 public school. After its completion he decided to advance his knowledge in economics at one of the world's most prestigious institutes the Harvard University.

"The reason behind my decision was that I wanted to create a big business, for which I need high level education. Harvard University funded my studies with$ 65,000 per year. In order to get such funding one has to satisfy certain requirements. In particular, your previous background should match university’s criteria as well as, you have to beat 99 percent of the applicants with your test results”, - Archil Cheishvili elaborates.

Archil became interested in business at the age of 12, and at the age of 14 he gained some experience in this direction, which eventually fueled his strive to become professional of this field.
geotv.ge
After launching his own company, he plans to simplify the lives of people

Later, when he already had relevant education in economy, Archil started working at one of the famous companies Bridgewater Associates, where he was one of the youngest employees.

After launching his own company, he plans to simplify the lives of people through artificial intelligence, improve their working environment and ease the work through technology. In future, he plans to apply his knowledge and experience in Georgia to benefit the local community.

Author: Mariam Menabdishvili

Related stories:

23-year-old Georgian student founds technological company in Boston

First Georgian Harvard graduate introduces his software evaluating humans
Print
Other Stories
GEL devalues, officials show optimism though
Devaluation of the national currency has sent shockwaves among citizens in Georgia. Officials think that the trend will return to its normal frame, though.
ProCredit Bank’s 20 years of challenges and successes in Georgia and what it means to be a responsible bank
“The bank’s 20-year long presence in Georgia was marked by many challenges and success stories.
Comments on alarming GEL devaluation
The National Bank of Georgia set a new exchange rate, according to which, dollar price became GEL 2.9507 on Tuesday.
Euronews and Silknet sign an MOU to launch “Euronews Georgia”
Euronews and Silknet, Georgia’s leading telecommunications company, are announcing the signing of an MOU in view of launching Euronews Georgia, a news channel and digital platform aimed at a Georgian-speaking audience.
Green Diamond starts to hand over flats to owners as second stage of construction finishes
Second stage of construction of Green Diamond living apartments by MAQRO Construction has finished and process of hand over of flats to owners has started.
Georgian wine tasting in the US came off excellently
Georgian wine tasting in the main cities of the US, New York, Chicago, and Boston went off excellently.
The most wanted fruits from Georgia
The fruit exportation has decreased in Georgia. According to Geostat (National Statistics Office of Georgia), this year, up until May Georgia exported 25 939 300 USD worth of fruit – 6 771 300 USD less than in 2018.
Investment Plan for Europe – Additional EUR 800 million for SMEs as EIF and ProCredit double support for innovative companies
The European Investment Fund (EIF) and ProCredit Group are providing an additional EUR 800 million to innovative small and medium-sized companies (SMEs),
Everything of comfortable life in one space – Second part of construction of one of the largest apartment complexes finished in Tbilisi
Apartment in ecologically clean environment, thousands of square meters of green yard, swimming pools, places for various sports activities, treks for walking and running, commercial spaces – all these available in one space is not a fantasy.
Batumi awarded Europe's Leading Emerging Tourism Destination 2019
World Travel Awards Europe Gala Ceremony 2019 took place on the 8th of June in Madeira, Portugal.
Coca Cola to open new factory in Georgia, will hire female drivers
Coca Cola is opening new factory in Georgia in December.
World's best party supply company now on the Georgian market
The largest party supply store in Georgia - MyDay is launching as the official distributor of AMSCAN from 2019.
Live as a marketing tool and an unprecedented live stream launched by Livetag
Sharing information has become smoother and more versatile in today’s technological world. Recently, live streaming, an online streaming media has become especially popular.
Theme and program of Caspian Energy Forum Tbilisi – 2019 changed
“The 8th International Caspian Energy Forum Tbilisi – 2019, scheduled for June 21, will focus on the development of the Azerbaijan-Georgia relations in the field of economy and energy”,
Misunderstanding over Poti deep sea ports
There was misunderstanding around deep sea ports in Georgia – in Poti.
High demand for dollars or the investment decline – Why Georgian Lari depreciates
$1 equals GEL 2,7470 in the official rate set by the National Bank of Georgia (NBG).
PSP Group confirms negotiations regarding purchasing of GEO Hospitals
PSP Group confirms negotiations regarding purchasing of GEO Hospitals.
New life to be given to Dashbashi Canyon
Georgia’s Agency of Protected Areas is planning to give new life to Dashbashi Canyon in Tsalka (southeastern Georgia).
Who is constructing “Khadori 3” Hydropower Plant in Pankisi Gorge?
Clashes broke out in Pankisi Gorge, Georgia’s northeastern region between special forces and residents
Business Positive – Successful radio program from Radio Positive
Starting point of radio program Business Positive is to meet interesting people, communicate with them and deliver information that is interesting for the audience.
A factory of electric vehicles to be built in Kutaisi
Prime Minister Mamuka Bakhtadze stated that a factory of electric vehicles will be built in Kutaisi at the presentation of the Aigroup business group.
Qvevri-shaped hotel complex to be built in Telavi
A Qvevri-shaped hotel complex is scheduled to be built in the village of Shalauri in Telavi, Kakheti (east part of Georgia).
Georgian designers presented at Fashion World Tokyo 2019
The products of 11 Georgian designers are showcased at Fashion World Tokyo 2019,
Silknet raises $200 million in Eurobond issue
27 March 2019 - JSC Silknet (“Silknet”), one of Georgia’s leading telecommunications operators, has successfully priced a debut $200 million 5-year 11% senior unsecured bonds issue (the “Notes”).
Pistachio trees will be planted in Georgia
Dozens of hectares of Pistachio are planned to be planted in Georgia this year.
PHOTO OF THE DAY
GEL Exchange Rate
Convertor
25.08.2019
26.08.2019
USD
1
USD
2.9279
2.9279
EUR
1
EUR
3.2365
3.2365
GBP
1
GBP
3.5764
3.5764
RUB
100
RUB
4.4581
4.4581
Other Stories
Recently Toyota rolled out Global Campaign under this slogan that reflects the Olympic and Paralympic Spirit of Encouragement,
A couple from Switzerland combines Swiss tradition and technology with Georgian products. Their cheese is made in the Georgian mountains and sold in local stores and hotels.
It has been more than five years since the residents of Lilo village, near Tbilisi, cannot open their windows.
63 000 GEL was received by the Georgian Agro Export Group which is just a small part of the European Neighbourhood Programme for Agricultural and Rural development.
Georgian entrepreneur Guka Tavberidze, who runs his own business in the UK and does it quite well, has been invited by BBC
The grand opening of 7-star The Biltmore Hotel Tbilisi took place in Georgia’s capital on July 31.
DUSHETI, Georgia – The Georgian government and the World Bank will allocate USD 5.6 million (12 million GEL) to fund
A new Georgian clothing brand named Person has emerged in Georgian market.
Georgia is in the midst of an economic maelstrom, Euronews reports.
Situation at Georgia’s mineral water market is interesting: over the last year, the volume of export has grown by 56 percent. According to “GeoStat”, over $114 million worth of mineral water was sold
GEL Exchange
USD
1
USD
2.9279
EUR
1
EUR
3.2365
GBP
1
GBP
3.5764
RUB
100
RUB
4.4581
August 2019
Mon Tue Wed Thu Fri Sat Sun
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31