In the FADDISH IT industry, new technologies often do not manage to be up to media threshing and find it difficult to find a case of use “killer”.
But for each blockchain or metaveverse, other technologies – including artificial intelligence, cloud computing and automation of workflows – allow you to go into the dominant current and capture part of the companies’ computer budgets.
These three commercial technologies appear in good place among IT and software service companies which represent a fifth of this year FT 1000 classification European companies by income growth.
The use of AI to detect theft or fraud is an increasing market for technological start-ups. In recent years, retailers have been struck by a wave of store flights, sometimes involving violence.
More information on European companies with the fastest growth:
The start-up based in Paris Veesion aims to help business owners to retaliate using surveillance software fueled by AI which analyzes closed circuit television to catch display thieves. The software combines automatic learning algorithms with biometric technology to identify suspicious body movements, such as a customer putting an article in their coat or opening products.
The technology, used by more than 4,000 stores in more than 25 countries, reduces the display flight up to 60% on average, according to Veesion, which was founded in 2018 by three former students in data sciences.
“Our system learns continuously (and improves,” explains Hamza Saleem, main account director of Veesion for the United Kingdom and the United States. “We have … a lot of data in terms of behavior analysis of how a display thief (acts) on average and the different types of movements that AI can take.”
Veesion, 52nd in the FT1000, says that its biometric technology is better to identify the display thieves than software based on facial recognition. The latter can only recognize a thief if they have been spotted before and their face is in the system, explains Saleem.
With the striking flight not showing any signs of slowdown, the request for retail software seems to remain strong. In 2023, Veesion revenues were around 6 million euros, compared to around € 200,000 in 2020.
Future products can also help Veesion customers locate employees, adds Saleem.
“Many of our customers ask questions about (technology to help them detect) the flight flight of their own staff, for example behind the cash register where the staff put …
Ranked 18th in the FT listSourcewhale also integrates AI into its workflow automation software based on the subscription, to stimulate efficiency in recruitment companies.
Its Cloud-based software connects dozens of computer systems and automates daily agencies, such as candidates monitoring, commercial development and data snack from platforms such as Linkedin, as well as computer and back office computer systems.
Although there is no shortage of software for recruitment agencies to plan and implement tasks, adherence to points between the systems can be delicate.
“One of the biggest problems for recruiters is the administrator,” said the co-founder and chief executive officer Timothy Hogwood.
Sourcewhale was founded as a recruitment agency in London at the beginning of 2020 by two friends who met at university. Initially, its technology was built as a key line – a way to automate recruitment tasks and increase beneficiary margins.
But when the recruitment works have dried because of the cocovated pandemic, the technology offered a rescue buoy. Sourcewhale had started to join other agencies, some of which were impressed by its technology.
“Some (recruitment agencies) said:” Tim, you are a good recruiter, who, as you know, is British for relatively shit … But why can’t we just use your technology – we will pay you for the software company.
After winning his first software client in the summer of 2020, Sourcewhale increased quickly, without external investment in venture capital companies. In 2023, he declared a turnover of 7.75 million euros, against € 137,000 in 2020. His largest market was the United Kingdom, then the United States.
The software is used by thousands of agencies, including Robert Half. “By really focusing on our niche, very well, it allowed us to grow incredibly quickly … because we know our customers better than anyone,” explains Hogwood.
One of these clients, prights – a technology -oriented recruitment company – estimates that Sourcewhale Software has produced a return on investment between 12 and 18 times the cost of technology by helping them gain new customers and place them in jobs. The founder of Primis, Ben Broughton, describes the software as a “reduction in costs and costs massively”.
As with Veesion, the flight detection is part of the Solidstudio sales argument, a Polish start-up that manufactures electric vehicle technology. Classified 73rd in the FT 1000 list, the company manufactures software for operators of loading network and electric vehicle drivers.
“The software helps electric vehicle drivers to find chargers, pay the load, start to invoice (and) manage the load session,” said CEO and co-founder Paweł Małkowiak.
But developing AI technology to detect fraud involving electric vehicles is a priority. An example is when the RFID cards (radiofrequency identification) – that the pilots connect to the load stations – are cloned. If this happens, a driver can charge various electric vehicles in several places – which has become “fairly common”, explains Małkowiak.