Palo Alto, CA, May 07, 2019 –(PR.com)– KAPUA Inc. is officially launching its AI-based planning and forecasting platform. Packaged in a turnkey SaaS solution, the Silicon Valley headquartered startup is re-imagining how companies perform forecasting and what accuracy they achieve.
A multitude of decisions that companies make are based on accurate expectations about the future: when and how much raw material to source, what to produce, what promotions to run, and many more scenarios require an accurate forecast and are ultimately related to the tension between the working capital and the fulfillment levels. An improvement in both, lowering working capital and increasing the fulfillment levels, results in an increased top- and bottom-line performance (as much as 3M for every 100M revenue).
“KAPUA was founded to enable companies to make better and faster decisions by radically improving the speed and the accuracy of their forecasts, to improve their ability to foresee the future,” says Dr. Klemen Cas, Founder and CEO. Using Micro-Surveys, Deep Neural Networks and a very powerful Neural Network Model Search Engine, KAPUA analyzes internal data such as orders, returns, shipments, etc. and combines it with external data points (market and trend data, economic indicators, weather data, micro-surveys etc.) to achieve unprecedented accuracy. (W)MAPE can be as low as 1-2%. “We’re aiming at improving the overall forecasting accuracy by 10x, thereby reducing the human effort equally by a factor of 10. It is a 100x improvement that will create extraordinary value for our customers,” Dr. Cas explains the value proposition.
With its unique approach of combining Artificial Intelligence (AI), especially neural networks, with market signal gathering and large-scale search engine for the best Neural Network Model, KAPUA’s customers enjoy MAPEs (mean absolute percentage error) and WMAPEs (weighted mean absolute percentage error) in single digits. KAPUA’s goal is 100x improvement; a reduction of the forecasting error to one tenth of the existing error with instant availability of the numbers and one tenth of the existing manual effort.
With the increased accuracy organizations lower their working capital and its cost while simultaneously improving their fulfillment levels and the revenue.
KAPUA platform is a SaaS turnkey AI solution with a beautiful and easy to use user interface. It provides end-to-end process capabilities. The implementation approach is low-touch and accelerated: the onboarding process in KAPUA’s public or private cloud environment is done within a few weeks from start to finish.
KAPUA is headquartered in Palo Alto, CA.
For more information, visit www.gokapua.com.
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