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
Anaklia Port and its importance for Georgia
In 2016, Anaklia Development Consortium was authorized to launch the construction of Anaklia Port.
Cryptocurrency mining threatens electrical network in Abkhazia
In the breakaway region of Akbhazia rampant cryptocurrency mining is threatening the shaky electrical network, reports an article of the news portal EuroNet.
Caucasus Wine University to be opened in Gurjaani
In the Kakheti region a new viticulture campus of the Caucasus University is in the process of planning.
Photos describing life of the poorest in Georgia
Fight with poverty should be among top priorities of every government in every country.
Training farmers to rescue the organic hazelnut production in Georgia
Even drizzling rain and unpleasant gusts of wind can’t prevent the farmers from coming and participating in the agricultural training.
Bleak times for organic farmers in Georgia – but there is hope
Organic hazelnut production is a delicate plant in Georgia that has emerged just a couple of years ago. Various pests, among them the Asian stink bug Parosana, trouble hazelnut farmers and menace their livelihood – even before their businesses could really take off.
Hybrid car imports are going through the roof in Georgia
Thanks to their fuel economy, the popularity of hybrid cars is increasing in Georgia, where fuel affordability is low and prices for fuel are unstable.
The New Year offer from MAQRO Construction - Apartments with unbelievable discounts and the parking spaces for FREE!
Location, green yard, spaces for various needs, experience of the construction company and parking space are the main important criteria for potential buyers of apartments.
Interview with the co-founder of Kiwi Vegan Café – the first vegan place in Tbilisi
Behind the Kiwi Vegan Café stands a group of activists who wants to raise Georgian’s awareness for animal rights and welfare.
Biblusi opens first shop for tourists - Georgian
The largest book shop in Georgia Biblusi opens the first shop specially designated to the needs and interests of tourists and named it Georgian.
Georgia improves by five ranks in the Prosperity Index
In the overall Prosperity Index rankings, Georgia has climbed by 5 positions from 85 to 80 when compared to last year. As such, Georgia is the best performing country in the CIS zone.
The future is bright for electric cars in Georgia
The numerous hybrid cars in the streets of Tbilisi cannot be overlooked. Entrepreneur Sulkhan Gvalia calls them “pagers”, referring to the predecessor of mobile phones.
Georgia’s fight against the big tiny enemy – Asian Parosana
It’s a tiny creature, but the harm it did to the Georgian agriculture sector was and still is immense.
New cable route: from Kobi to Gudauri in 15 minutes
On the 15th of December, cable transport is scheduled to be opened connecting Kobi and Gudauri.
Tourist boom in Gudauri – majority of hotels are booked by foreigners
Gudauri is among the most popular winter resorts in Georgia.
Medical tourism increases in Georgia
In the last 9 months, Georgia was visited by 19 500 foreigners for medical and recovery purposes.
Doing business in Georgia has become easier than in America
According to the Doing Business 2019 report published by the World Bank, Georgia ranked 6th among 190 countries in terms of simplicity of doing business. This was an improvement over two ranks compared to last year.
Problems that foreigners frequently face in Georgia
The importance of Georgia as a tourism hub is growing year after year.
Tbilisi TV Broadcasting Tower – Better than the Eiffel Tower?
It is planned to renovate the Tbilisi TV Broadcasting Tower, one of the landmarks in the capital.
Georgian Fusion Menu by The Biltmore Hotel Tbilisi
5,895,914 international visitors have visited Georgia between January and August of 2018. Compared to the previous year the number has increased by 12.2 per cent.
Advertising of gambling and lucrative games may become banned in Georgia
Advertising of gambling and lucrative games may become banned in Georgia. Those who violate the new rule would be fined GEL 10 000.
Lebanese café-lounge Beirut opens in Tbilisi
What is necessary to organize an unforgettable event? – Fun, emotions, lots of surprises, good music and delicious menu.
Georgia second among the fastest growing tourist destinations in Europe
Georgia is among the fastest growing tourist destinations in Europe. The data is published by the UN World Tourism Organization.
Bitmain launches world digital mining summit in Tbilisi, Georgia
Bitmain CEO Jihan Wu and Roger Ver, CEO of Bitcoin.com Head Speaker List featuring Circle, DEX.top and Genesis Mining when Digital Mining Leaders Convene In Tbilisi on September 21-23
GAZELLE FINANCE GEORGIA AND TBC BANK HELP THE WESTERN REGIONAL CENTER OF MODERN MEDICAL TECHNOLOGIES EXPAND ACCESS TO QUALITY HEALTHCARE SERVICES IN KUTAISI, GEORGIA
TBC Bank and Gazelle Finance have teamed-up to support Medical City, a leading healthcare provider in the western region of Georgia to launch the Western Regional Center Of Modern Medical Technologies.
PHOTO OF THE DAY

Exchange Rates
GEL Exchange Rate
Convertor
18.01.2019
19.01.2019
USD
1
USD
2.6633
2.6629
EUR
1
EUR
3.0359
3.0368
GBP
1
GBP
3.4298
3.4463
RUB
100
RUB
4.0034
4.0103
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
2.6629
EUR
1
EUR
3.0368
GBP
1
GBP
3.4463
RUB
100
RUB
4.0103
January 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