Analysis of the month (May): Nuclear reactors in the world
This is the first episode of Inspirient’s analysis of the month, where we feed our software with it's favourite dish: Big chunks of data. We started with the latest dataset of the International Atomic Energy Agency (IAEA) about nuclear power reactors in the world.
Around the world a total of 448 nuclear reactors are in operation, within the member states of the IAEA, generating a total net capacity of 391,116 MW. In 2016 those reactors produced enough energy to supply 419 million Europeans. As of December, 61 reactors were under construction. They will increase the net capacity by 61,264 MW. Of all IAEA member states most reactors can be found in the United States, with a total of 99, followed by France with 58 reactors and Japan with 42 reactors. These three countries therefore have also the biggest capacities to produce atomic energy. The United States with a capacity of 99,869 MW, France with 63,130 MW and Japan with 39,752 MW.
The two oldest nuclear reactors still in operation can be found in India, called Tarapur-1 and Tarapur-2, those two were connected to the grid as early as 1969 (the year of the Woodstock festival). In the same year four more reactors where connected to the grid, one in Switzerland called Beznau-1 and three in the US called Oyster Creek, Nine Mile Point-1 and Ginna. All of them are still operating. The generating net capacity of these six 69'ners sum up to 2,477 MW. Below, you can see a slide that was automatically generated by our AI, showing the average reactor age by country.
The average nuclear reactor age is highest in the Netherlands, as it has only one reactor that is 43.5 years old! The Netherlands is then followed by Switzerland with 41.8 years, Sweden with 38 years and Finland with 37.9 years. On average, the youngest reactors can be found in China, with 5.3 years.
Stay tuned for our upcoming analysis of the month! In the meantime, feel free to try out Inspirient on your own data under my.inspirient.com.
Inspirient at CeBIT 2017: Exciting conversations with visitors from business and politics
At CeBIT 2017, we presented our AI-driven solution for automated data analysis to a wide and diverse audience. We were represented at two booths for the first time, both at the SCALE 11 event and the Bitkom hub. Besides various attendees from start-ups to large enterprises, we were proud to welcome Ms Brigitte Zypris, Federal Minister for Economics and Energy, as well as Ms Sabine Smentek, Berlin’s State Secretary for IT, at our booth. Both were very interested in the advantages of automated data analysis not only for corporations but especially for small and medium sized enterprises and public institutions as well as in the future interaction between man and machine.
We were delighted to engage with several small and medium sized enterprises that had their datasets analysed live at CeBIT and are very happy about their positive feedback. We’d like to thank everybody who stopped by for the fruitful conversations; you turned our CeBIT 2017 into an awesome experience!
Inspirient wins the first BARC Start-up Award for Analytics and Data Management
We are truly happy to have won the BARC Start-up Award for analytics and data management. According to Dr. Carsten Bange, head of the Business Application Research Center (BARC), the jury and the audience were ultimately convinced by the complete package at Inspirient – a highly innovative idea, the technology, the marketing approach, the founders’ personalities as well as the expected benefits for other companies.
It might not seem obvious, but one of the hardest challenges German start-ups face is getting in touch with potential customers, as they simply do not have you on their radar. Thus, a big thank you to BARC for giving local start-ups the opportunity to showcase their innovative ideas resulting not only in increased visibility but also in receiving recognition and feedback from the business world.
Inspirient at Lange Nacht der Startups 2016: Major German companies are missing out on insights
At Die Lange Nacht der Startups 2016, Inspirient had the opportunity to present its solution for automated data analytics at the Deutsche Bank Atrium. Amongst many curious attendees, Inspirient welcomed interested employees from notable companies, such as Deutsche Bank, Volkswagen, Accenture and SAP, who wanted to learn more about the future of analytics.
On this occasion we surveyed attendees at the Startup Night, asking them: “Think of the last data set that you analysed, how certain are you that you found the most relevant insights?”. One manager replied: "I'm not sure new junior analysts are finding the most relevant insights under the tight time constraints we have". An analyst from the finance sector replied: "Of course we're missing out on insights!".
We wish to thank Deutsche Bank for hosting us, as we had some really great conversations with a broad range of people interested in automated business analytics.
The end of management reporting? CxOs want data analyses that lead to decisions.
According to a 2015 study by consulting company Capgemini, companies realize they desperately need to dig into big data analytics to maintain their business position. Of the 1,000 decision makers surveyed, 45% think their current IT systems and analytics do not fulfill their business requirements. 52% attest to existing IT systems constraining the speed of their companies’ insight generation from data analytics.
At CeBIT's CxO’ Meetings, Inspirient met with top executives from Commerzbank, SAP, RWE, Deutsche Bahn and Scheer Group who questioned their current analytics approach, looking for better ways to use their data as a competitive advantage. All executives agreed, that no matter how advanced their BI infrastructure is, analyzing data only matters if it leads to decisions. Especially, as data scientists are an increasingly scarce resource and cannot provide one with ready-made solutions.
Therefore, participating executives were impressed by Inspirient's ability to automatically point managers to new, actionable insights in tabluar data. "Wow, this will empower my organization to ask the right questions and take decisions faster", one CEO said.
Inspirient presenting automated analytics to global executives at CeBIT BI-Tour
At CeBit 2016, Inspirient made its debut as part of the Business Intelligence guided tour alongside companies like Microsoft and SAP, focusing on solutions to help companies discover and communicate meaningful patterns in available data resources.
Inspirient was presented by co-founders Dr. Guillaume Aimetti and Dr. Georg Wittenburg to hundreds of eager executives seeking a data analysis solution to often costly and time consuming business data analytics. During the presentation, these executive were given a demonstration on how the artificial intelligence behind Inspirient automatically analyzes structured data sets and provides presentation-ready business slides - without the need for any technical skills.
The notable highlight was exhibiting how quickly and easily Inspirient can find relevant insight in companies’ business data. All with the usability of the Web and the security of the Cloud. ”This is the first drill down a manager understands!” said a curious attendee.
Awarded: Inspirient wins INNOVATIONSPREIS-IT 2016
At CeBIT 2016, Initative Mittelstand — an association of industry experts, scientists, IT professionals, and IT journalists — awarded Inspirient as winner of the INNOVATIONSPREIS-IT 2016 in the category "Business Intelligence".
The jury awarded us for our novel, innovative, intuitive, and tech-free approach to derive actionable insights from data and for the high value that Inspirient creates for decision makers.
We are proud to be the leading Business Intelligence solution at CeBIT and would like to thank everyone who contributed to this success!
PS: Visit us until 18th of March at CeBIT, Hall 11, Stand B50(4) to see our award winning solution in action!
We have a bold vision for business analytics. We see data as the muse that inspires business leaders to take action. Now we also have the name to live up to this promise. Introducing Inspirient.
"Insightfully" and "insightfully.io" have served us well while kicking off this project over the past two years. Now, we are moving to www.inspirient.com and renew our commitment to making analysis of any dataset fast, comprehensive, intuitive, and collaborative.
At IFA TecWatch 2015
We had a great day today exhibiting at IFA TecWatch, IFA's future lab that showcases pioneering innovations presented by research institutions, industry organizations, and start-ups.
Our pitch was well received, with multiple follow ups at our booth. Making sense of the increasing volume of data in our everyday lives seems to strike a chord, even at this consumer-focused event. Thanks to everyone for the great conversations and your interest in what we do!
Guillaume Aimetti joins Insightfully as co-founder / CTO
We are very happy to announce that Dr. Guillaume Aimetti will join Insightfully as co-founder and Chief Technical Officer.
Guillaume has a background in both Machine Learning, having done his Ph.D. in this field, and business analytics, from his recent work as consultant and data scientist at a German multi-national. At Insightfully, he will lead the development of our automated data analytics platform.
Insightfully among finalists of Businessplan-Wettbewerb Berlin-Brandenburg
Insightfully is among the finalists of the second round of new business ideas at Businessplan-Wettbewerb Berlin-Brandenburg. Selected from 136 submissions to this round of the annual competitions, we were invited to pitch our idea at the event held at Berlin Postbahnhof.
Feedback to Insightfully's idea and value proposition was very positive, perhaps best summed up in the words of one of the jury members: "This is a business model for the Silicon Valley!"
Analytics as easy as the web: Recommendations, tags, and social bookmarks
Since their inception, Business Intelligence (BI) and analytics in general have been defined by the tools that were available at any given point in time. Tools have come a long way over the past two decades: textual SQL database queries have evolved by into more accessible graphical user interfaces, deep knowledge of statistical functions is slowly being supplanted by emerging support for natural language queries.
This is all great news—except that at Insightfully we think one can do better. Today, we are launching our refined user interface (UI), inspired by wide-spread and well-known usability metaphors from the web.
This new interface incorporates the following features, all of which leverage the capabilities of the Artificial Intelligence (AI) core of our technology:
- Recommendations – similar to the shopping experience at Amazon, Insightfully now recommends analysis results to you which our AI thinks are relevant to you
- Tags – similar to the search experience on picture sharing sites such as Flickr, Insightfully now automatically tag the analysis results from your data to make it even easier to find relevant insights
- Social Bookmarks – similar to the social bookmarking service Delicious, Insightfully now allows you to bookmark and share insights with your team
These enhancements complement Insightfully's existing capabilities relating to searching and sharing insights within minutes of submitting your business data for analysis.
We hope these new features make your analysis and decision making processes even more efficient. Let us know how they work for you at email@example.com
Analytics will never be the same: Insightfully launches tech preview
At Insightfully, we are building the self-driving car of business analytics—a service that does the analysis for you, while you cherry-pick the slides that matter most to your business.
We are setting out to liberate all data analysts and consultants from manually calculating KPIs, pivoting tables, and looking for hidden trends or correlations. We help managers to get more out of their team of highly qualified analysts by employing cloud-based Artificial Intelligence (AI) technology in order to achieve end-to-end automation of widely used analytical methods.
As of today, November 8, 2014, we are very happy to take our technology beyond internal testing and focus group sessions: We are launching the public tech preview of Insightfully at insightfully.io.