Avokaado

Woo-hoo, already next Thursday I'll be speaking at RIGA COMM 📣 During the last couple of years, we helped hundreds of organizations automate their people, revenue, procurement, and legal operations with the Avokaado Operational Intelligence Platform ✨ At RIGA COMM I'll be sharing some practical tips-n-tricks on turbocharging your HR operations through document and process automation. We will talk about: 🧠 Mindset change from paragraphs to data points. How to manage your HR documents smartly and easily. ⚡️ Automation for better employee experience. How to automate people ops for a stellar employee experience. 🗄 Hassle-free compliance. A simple guide on how to get (and keep) your HR ops GDPR compliant. 🤖 AI - an enemy or a friend? A practical approach for AI implementation in people operations. Join me on the 3rd of October at 11:55 at the Smart Stage 🙌 Throughout the event, I suggest you have a chat with my brilliant colleagues Mariana Hagström and Kevin Tammearu who can share some very helpful tips on automation and document intelligence #automation #hrtech #digitaltranformation #rigacomm #documentintelligence

Looking forward to meeting new and old friends at HR EXPO tomorrow! Let’s connect, share insights, and explore the latest in HR innovation. See you there! #HRExpo2024 #Networking #HRInnovation Eesti HR Selts / Estonian HR Society

Last week started with an amazing roundtable during the #AIMLF week in Tallinn. Organized by Founderly it was quite a remarkable lineup of speakers and participants discussing all the current challenges of shipping AI-enabled products at TalTech Innovation and Business Centre Mektory. It was a great experience facilitating a discussion on how to ship AI-enabled products faster together with Jarmo Tuisk, Artjom Kurapov, Mihkel Tedremaa, and Darshak Bhatt. Shared some of Avokaado's experience on deploying our first GenAI-powered solution as well. #AIMLF #NNAIW #genAI #digitaltransformation #innovation

🤩 Excited to facilitate a roundtable discussion on "Shipping AI-Enabled Products Faster" next week at the AI/ML Forum in Tallinn. At Avokaado, we've already deployed our first AI-powered product to our customers, helping them to analyze existing contracts and extract business-critical data. While building our first GenAI product we've gained a lot of insights on "do's" and "don't's" 🤓 We'll have amazing people from Productory AI Agentuur, Veriff, Clarifai, Net Group Ltd, Superhands EE around the table. Thank you Vattan PS for the invitation 🙌 #AIMLF #NewNordicsAIWeek #innovation #genai #digitaltranformation

How Ramirent Boosted Contract Efficiency by 80% with Avokaado 🙌 In today's fast-paced business environment, efficiency and accuracy are paramount. This is particularly true for companies dealing with extensive documentation and contract management. Ramirent, a leading rental equipment company, faced significant challenges with its contract management processes—until they partnered with Avokaado. 🔥 Key Results 🔥 🚀 80% Increase in Efficiency – Automated workflows and streamlined processes drastically reduced the time spent on contract management. 🖋 Enhanced Accuracy – Digital templates and automated data entry minimized errors, ensuring high-quality and consistent documentation. 🛎 Improved Collaboration – A centralized platform allowed for seamless collaboration among team members, improving overall productivity. ⏱ Time Savings – Significant reduction in the time required to draft, review, and finalize contracts, freeing up resources for other critical tasks. By leveraging the Avokaado Operational Intelligence Platform, Ramirent achieved remarkable improvements in efficiency and accuracy, setting a new standard for their industry. Read a full case study: https://lnkd.in/g5EchQ8z #DigitalTransformation #ContractManagement #Efficiency #Innovation #Avokaado #BusinessSuccess #Ramirent #LegalTech #Automation #ProductivityBoost

Every new technology inherently carries some degree of risk, and GenAI is no exception. However, we have a good framework to mitigate these risks: Responsible AI. 🧐 Why might Responsible AI be the most crucial initiative in the AI adoption landscape? Responsible AI is essential because it provides a structured framework that helps organizations and individuals minimize potential damage and disruption. Without such guidelines, deploying GenAI could lead to significant issues, including ethical breaches, bias, and security threats. Responsible AI initiatives main areas: 😇 Ethical Standards. Ensuring AI systems adhere to ethical guidelines to prevent misuse and harm. 🙌 Bias Mitigation. Actively working to identify and eliminate biases in AI algorithms to promote fairness and equality. 🔮 Transparency. Maintaining openness about how AI systems operate and make decisions. ✅ Accountability. Establish clear lines of responsibility for AI outcomes and ensure there are consequences for misuse. 🔐 Security. Protecting AI systems from malicious attacks and ensuring data privacy. By prioritizing these areas, we can harness the power of GenAI while minimizing its risks. #responsibleai #genai #aifuture #aichallenges #digitaltransformation

🚀 Avokaado OIP is making waves! 🌊 Check out our founder Mariana Hagström's interview with FoundME, given at Latitude59 in May. We're incredibly proud of how our OIP - Operational Intelligence Platform is helping companies automate business operations with AI. 🤖 Many of our readers ask, "What is OIP?" Here it is: 🌟 OIP is a new category product created by Avokaado, designed to help businesses automate their HR, legal, revenue, sales, compliance, and procurement processes with AI. It creates intelligence features on top of operational business data and enables businesses to easily upload their existing documents and contracts with AI data extraction into the platform. 🔹 HR: Automate end-to-end hiring processes and create comprehensive employee data registries. 🔹 Legal: Streamline contract management, compliance tracking, and legal document automation. 🔹 Revenue & Sales: Enhance sales operations and revenue management with integrated data flows. 🔹 Procurement: Simplify procurement processes and manage supplier contracts efficiently. Avokaado is a platform where every company can build its processes, integrations, data registries, and workflows exactly as they need, without requiring expensive IT development resources. Discover OIP - the future of business automation with Avokaado! 💡 Link to a full article (in Estonian) is in the comments section below #ai #documentmanagement #automation #legaltech #innovation

Deploying Generative AI can be a challenging task. Where should you start? What comes next? 🧐 To make this process easier, we've designed an 8-step AI implementation framework that any organization can follow 🙌 1️⃣ Define goals 2️⃣ Experiment with test data 3️⃣ Define scale 4️⃣ Choose a platform 5️⃣ Run real data experiments 6️⃣ Iterate, Iterate, Iterate 7️⃣ Evaluate 8️⃣ Build intellectual property Then, repeat the process ♻️ What do you think? Share your thoughts in the comments! #ai #automation #implementation #framework #legaltech

✨ "LLM is like a magnificent Rolls Royce engine. An amazing, twelve-cylinder mechanical masterpiece. However, it won't move even by a foot if you don't have chassis, wheels, transmission, and other critical parts." Key points 👉 Every LLM has a limited amount of memory - token size. Token size limits how much information an LLM can process in a single prompt 👉 About six months ago the average token size was around 20 pages, now it is 100 👉 But for large organizations even 100 pages isn't enough and that is when RAG (Retrieval Augument Generation) comes into play 📺 Check out this snippet from our AI webinar with Shahab Anbarjafari from PwC Finland and Avokaado co-founder Jean Mauris #llm #genai #innovation #legaltech #automation

A summary of the 2024 Generative AI in Professional Services report by Thomson Reuters Institute. We read it, so you don’t have to 🤓 Here are 10 key takeaways on AI adoption, usage, impact, expectations, concerns, and much more. If you would like to get the full report find the link in the comments section below 👇 #ai #legaltech #professionalservice #automation #innovation