ParetoLabs

ParetoLabs

Softwareentwicklung

Brunnen, Schwyz 403 Follower:innen

Bringing together the most innovative AI technologies with the specific needs of Swiss companies.

Info

ParetoLabs is a software studio that develops customized, AI-powered applications for conversation and text processing. The startup helps customers to quickly test AI applications in their context. Founded in Zurich, the “Microsoft for Startups” partner has been bringing together the most innovative AI technologies with the specific needs of Swiss companies since 2023.

Website
www.paretolabs.ch
Branche
Softwareentwicklung
Größe
2–10 Beschäftigte
Hauptsitz
Brunnen, Schwyz
Art
Kapitalgesellschaft (AG, GmbH, UG etc.)
Gegründet
2023
Spezialgebiete
Artificial Intelligence, Analytics, Conversational Banking, Prototyping, Software Development, Innovation, GenAI, Digital Assistants und Chatbots

Orte

Beschäftigte von ParetoLabs

Updates

  • Unternehmensseite von ParetoLabs anzeigen, Grafik

    403 Follower:innen

    Why most GenAI PoCs fail.

    Profil von Ahmed Harbaoui anzeigen, Grafik

    Co-Founder @ ParetoLabs Developing Enterprise-ready AI applications

    Why do most GenAI proof-of-concepts fail? Last week, I had the privilege of sharing our experiences with Swiss companies on #GenAI PoCs at the HSLU – Artificial Intelligence and Machine Learning AI Industry Event. GenAI projects often fail to progress beyond the PoC stage due to: 1- Insufficient answer quality. 2- Lack of added value to justify development and operational costs. 3- Limited resources or skills to operate and maintain the application. In a recent project, we spent only 8% of the time generating the first functional answer (including setting up the dev environment, indexing data, deploying the #RAG pipeline, etc.). However, 92% of the time was dedicated to refining and "perfecting" the generated output. One of the biggest challenges in Retrieval-Augmented Generation projects is defining what constitutes a “perfect” answer. Without a clear and agreed-upon objective, optimization efforts can become directionless and inefficient. To address these challenges, we’ve developed features like fact-checking mechanisms and a confidence level monitor to ensure accurate and reliable answers. Our goal is to build user trust and confidence in the system — while striving for full automation to eventually eliminate the need for human intervention. Are you also working on GenAI applications? Let’s connect and discuss! Donnacha Daly Deniz Gunaydin-Bulut Francesco Crivelli Marija Nikolic, PhD HSLU – Hochschule Luzern – Informatik Switzerland Global Enterprise Digital Switzerland

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  • Unternehmensseite von ParetoLabs anzeigen, Grafik

    403 Follower:innen

    🚀 Welcome to the AI Innovators Club! 🚀 Last week, we had the opportunity to share our lessons learned with Swiss companies exploring how to safely unlock economic value from Generative AI. Key topics included: 🔍 Optimization of document retrieval leveraging metadata enrichment ✔️ Evaluation and fact-checking in zero-trust AI architectures 🌐 Multimodal Retrieval-Augmented Generation (RAG) A special thanks to Microsoft for inviting us! Interested in learning more about our product? Feel free to reach out! #AI #GenAI #FinancialServices #AICommunity #SwissTech #Microsoft Florian Follonier, PhD Alexandra Grozea

    • AI Innovators Club ParetoLabs presentation @ Microsoft
  • Unternehmensseite von ParetoLabs anzeigen, Grafik

    403 Follower:innen

    🤖 Taking your GenAI idea safely to production This week, we had the privilege of sharing our lessons learned from the last 1.5 years on building enterprise-grade GenAI solutions for financial institutions at the University of St.Gallen Conversational AI Banking workshop. AI adoption in the Swiss financial industry is evolving rapidly, and the right AI strategy can set your institution apart. Our key insights: 1️⃣ Build your knowledge database: Your GenAI product is only as powerful as the knowledge database behind it. Now is the time to make your data AI-ready. 2️⃣ Focus on Retrieval: In Retrieval-Augmented Generation (RAG), the key is accurate search and ranking. Avoid overloading your prompts — take control of selecting the most relevant information rather than delegating it to the LLM. 3️⃣ Embrace Cultural Transformation: The shift towards AI requires an organization-wide mindset change. Upskill your teams and ensure everyone is part of the journey. Thank you, HSG, for the platform to exchange valuable insights! Ivo Blohm Kevin Schmitt Antonio Zullino Arlind Spahija Lukas Bucher David Bundi Tanja Häuselmann Manuel Lüchinger Marlen Zeisl #GenAI #BankingInnovation #SwissBanking #FinancialTechnology #AIinBanking #HSG

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  • Unternehmensseite von ParetoLabs anzeigen, Grafik

    403 Follower:innen

    🚀 Exciting news at ParetoLabs! Please join us in welcoming Austin George as the newest member of our team! 🎉 Austin brings a wealth of experience in Big Data and the financial industry, making him a great addition to our growing team. As an AI Engineer, he will be instrumental in developing cutting-edge, industry-specific AI solutions that empower our clients to stay ahead of the curve. We're thrilled to have Austin on board and look forward to the innovative contributions he will bring to our projects. Welcome to the team, Austin! 👏 #AIEngineer #BigData #GenAI

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  • Unternehmensseite von ParetoLabs anzeigen, Grafik

    403 Follower:innen

    🏆 ParetoLabs is thrilled to be one of the three finalists for the Startup of the Year Award 2024 by Microsoft Switzerland, just 1.5 years into our journey! 🎉 Big congratulations to the winner, legal-i and a shoutout to Brian – The AI Teaching Assistant, the other amazing finalist! We’re genuinely happy for both of you and excited to see your continued success. Connecting with so many brilliant minds and fellow founders at the Partner of the Year Awards (POTYA) in Zurich was truly inspiring. ▶️ Curious about us? Drop us a message, we'd love to connect! Thank you, Microsoft for Startups team for your unwavering support! #microsoftaward #microsoftpartner #genai #switzerland

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  • Unternehmensseite von ParetoLabs anzeigen, Grafik

    403 Follower:innen

    Thinking about fine-tuning your model? First, you should ask yourself these five questions ⬇ 1. Is dynamic and up-to-date knowledge required for answering a query? 🧠 Then you should try Retrieval-Augmented Generation (RAG) first. 2. Is fine-tuning the right approach to address your challenge? 🛠️ Fine-tuning makes sense if pre-trained models do not perform well enough with prompt engineering strategies (e.g. few shot prompting) or RAG. 3. Do you have the right training set? 📚 Quality over quantity: As pre-trained models are already performing well, you should use diverse in-domain training examples - exactly tailored to the task. 4. Do you have enough GPU? 🖥️ Fine-tuning can be computationally intensive. Think about reserving capacity to save costs. 5. Have you considered the ethical implications? ⚖️ Before fine-tuning you should carefully consider the sources and nature of your data to avoid perpetuating stereotypes, misinformation or other unintended negative consequences. Do you need help evaluating your use case? Let’s have a chat! 💬 #AI #ChatGPT #GenAI #generativeai

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  • Unternehmensseite von ParetoLabs anzeigen, Grafik

    403 Follower:innen

    Let's talk about GenAI challenges ⚡ According to Gartner, the three main barriers to implement AI techniques are: ▶ Estimating and demonstrating value ▶ Lack of skills ▶ Lack of confidence in the technology ParetoLabs can help you to overcome these barriers by ▶ validating use cases and demonstrating value in just 3-4 weeks (fully functional application to test) ▶ offering our expertise to navigate the AI Jungle and find the right technical solution and deployment type (on-prem, cloud, hybrid) ▶ solving common technical challenges to achieve: ✅ less hallucination by fact-checking ✅ data privacy compliance by anonymizing sensitive data such as client information ✅ increased accuracy by calibrating information retrieval systems to your domain ✅ increased confidence by establishing a continuous monitoring system ✅ reduced cloud costs by prompt optimization 🚀 If you are facing any challenges regarding the implementation of GenAI - feel free to reach out to us! #AI #ChatGPT #GenAI #generativeai Source: https://lnkd.in/gSVKCYXU

    Gartner Survey Finds Generative AI is Now the Most Frequently Deployed AI Solution in Organizations

    Gartner Survey Finds Generative AI is Now the Most Frequently Deployed AI Solution in Organizations

    gartner.com

  • Unternehmensseite von ParetoLabs anzeigen, Grafik

    403 Follower:innen

    Microsoft Build AI Day Switzerland last week was a blast ⭐ ▶ As a Microsoft for Startups partner we had the opportunity to network and meet fellow innovators in the AI space. We were particularly happy to see Catrin Hinkel highlighting our GenAI Chatbot Flurina that we built together with Rhätische Bahn AG. ▶ Fascinating to see the pace of development in Azure AI Studio and how Microsoft is integrating the latest models, with a catalogue exceeding 1600 at the time of this post. 🚀 At ParetoLabs we are keeping up with the most recent developments. Our goal is to help our customers navigate this rapidly evolving space and overcome challenges such as hallucination with fact-checking, data privacy with anonymization and much more.

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  • Unternehmensseite von ParetoLabs anzeigen, Grafik

    403 Follower:innen

    Thank you Catrin Hinkel for sharing our exciting journey with Rhätische Bahn and Microsoft. Chatbot "Flurina" is constantly evolving along with the latest Azure OpenAI releases. As a Microsoft for Startups partner, we are building a bridge between industry-specific needs and cutting-edge AI technology.

    The uptake of AI in Switzerland continues to soar! Rhätische Bahn Rhaetian Railway's new AI-powered chatbot, “Flurina”, has revolutionized customer engagement, with passengers participating in over 12,000 sessions since its launch.   Developed in collaboration with Microsoft partner ParetoLabs, “Flurina”, powered by Microsoft Azure OpenAI, is tailoring cloud-based solutions to enhance efficiency and alleviate staff workload. The results are impressive, showcasing how AI is reshaping the customer service landscape.   Primo Amrein, Cloud Lead at Microsoft Switzerland, notes, "AI helps to ease their workload while delivering greater productivity and efficiency through agile work processes." The data residency in Switzerland ensures that the chatbot is finely tuned to provide up-to-date, specific information, meeting the demands of modern, international customers.   “Flurina” communicates seamlessly in German, English, and Italian, offering around-the-clock support for travel-related inquiries. The positive impact isn't limited to passengers – RhB employees benefit too, freeing up valuable time for more personalized customer interactions and other projects.   Patrick Grünenfelder, Head of Sales Systems at RhB, highlights the importance of technological progress in their digitalization strategy, saying, "We need technological progress to remain successful in the future and to continue satisfying the exacting demands of our customers."   And here's an impressive stat: Over 200 companies in Switzerland are already utilizing Microsoft Azure OpenAI Services, contributing to the country's status as the most innovative globally for the 13th consecutive year!   As RhB plans to enhance Flurina's capabilities, collaborating with ParetoLabs and leveraging Azure OpenAI Services, the company is at the forefront of the AI revolution. Stay tuned for more updates as AI continues to shape the future of customer service and workplace efficiency! Renato Fasciati  #AIInnovation #CustomerExperience #DigitalTransformation #MicrosoftAzure #SwissTech https://lnkd.in/ekPgaKqs

    Rhaetische Bahn AI chatbot improves customer engagement  - Microsoft Switzerland News Center

    Rhaetische Bahn AI chatbot improves customer engagement  - Microsoft Switzerland News Center

    news.microsoft.com

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