Transforming Enterprise Workflows with AI Copilots
California-based startup Weav has emerged from stealth mode with the launch of Enterprise AI Copilots. This suite of low-code, plug-and-play tools enables companies to easily incorporate generative AI capabilities into their existing systems and business processes. The aim is to simplify the process of building, training, deploying, and monitoring AI models, allowing business users to activate AI at the right places and see results.
The Importance of Abstraction in Design
“The key (here) is to build the right level of abstraction when designing the platform, which is what we have tried to do with our copilot approach,” says Weav CEO and co-founder Peeyush Rai. By providing a plug-and-play offering that cuts down on the time and effort required to integrate AI, Weav aims to be a game changer for teams, especially small and medium-sized businesses that may have limited resources.
- Ready-to-use generative AI capabilities
- Connectors to pull data from commonly used enterprise tools
- An API for incorporating capabilities into various enterprise workflows and applications
Weav’s copilots offer enterprises everything they need to keep the AI capabilities running, including pre-integrated integrations, prompt management, foundation models like GPT4 and LLama 2, as well as vector databases and security and monitoring features. Currently, Weav offers copilots for three key AI-driven functions: Document, Conversation, and Search.
“When data is processed or a user initiates an action, the Copilots orchestrate multiple processes in the back-end,” explains Rai. “We are model agnostic. We have our own smaller models for specific tasks, and we can use any 3rd party LLM.”
The copilots work together to deliver a seamless experience to users, extracting value from unstructured and structured data. Weav currently supports OpenAI’s GPT-4, GPT-3.5, Llama 2, Anthropic’s Claude, and Cohere’s various models. Early results show that the copilots have achieved high result precision ranging from 87% to 95%, with productivity gains or cost reductions up to 75%.
Driving Business Value with AI
Weav’s plug-and-play technology is already being piloted by some of the largest companies in the world. These include a multinational management consulting firm, an F100 pharmaceutical conglomerate, and a fast-growing e-commerce platform. The initial results are promising, showcasing the potential of Weav’s copilots to provide significant business value.
After securing seed funding in November 2022, Weav focused on scaling its platform for enterprise use. With the official launch of the copilots, the company is now concentrating on expanding its customer base and go-to-market strategy. Weav plans to invest resources in expanding the range of models supported on the platform, including core algorithms and a multi-modal foundation model for leveraging unstructured data.
Rai acknowledges that the AI deployment landscape is competitive, with companies like Dataiku and Databricks already offering AI solutions. However, he believes that Weav’s focus on delivering real business value with rapid time-to-value and low cost of ownership sets them apart. According to McKinsey, the implementation of generative AI has the potential to generate trillions of dollars in global corporate profits across various sectors.
