WEBVTT 00:00:00.116 --> 00:00:02.035 Michael, thank you so much for joining us. 00:00:02.268 --> 00:00:04.154 Tell us about the work DQC is doing. 00:00:04.637 --> 00:00:04.871 Yeah. 00:00:05.071 --> 00:00:09.259 So DQC is a software solution that enables companies to 00:00:09.259 --> 00:00:12.629 automatically fix their data quality issues. 00:00:13.029 --> 00:00:16.332 So nowadays, all companies try to generate value with their 00:00:16.332 --> 00:00:19.269 data, and the one thing that's holding them back is their 00:00:19.269 --> 00:00:20.236 data quality. 00:00:20.470 --> 00:00:24.224 And as a matter of fact, when you ask business executives, 00:00:24.224 --> 00:00:28.028 more than 55% of them say that they don't trust the data in 00:00:28.028 --> 00:00:28.912 their systems. 00:00:29.362 --> 00:00:33.266 And with DQC, companies can automatically detect data issues 00:00:33.266 --> 00:00:36.403 and improve or prevent them right at the source. 00:00:36.836 --> 00:00:40.640 And this way, companies get better data for better business 00:00:40.640 --> 00:00:41.074 and AI. 00:00:41.558 --> 00:00:44.310 What are some specific problems you're helping companies solve? 00:00:44.994 --> 00:00:48.815 So one problem with data quality is that you require, on the one 00:00:48.815 --> 00:00:51.000 hand, functional business expertise. 00:00:51.000 --> 00:00:54.204 So domain know-how, something that typically a business expert 00:00:54.204 --> 00:00:54.754 would know. 00:00:55.121 --> 00:00:58.425 And the second thing that you require is analytical skills, 00:00:58.425 --> 00:01:01.511 because you need to assess hundreds of thousands if not 00:01:01.511 --> 00:01:02.829 millions of data points. 00:01:03.396 --> 00:01:07.734 And DQC automates and combines those two functionalities into 00:01:07.734 --> 00:01:09.269 one software solution. 00:01:09.536 --> 00:01:11.938 Frequent use cases we see is on 00:01:11.938 --> 00:01:15.642 the one hand fixing product master data—for instance for 00:01:15.642 --> 00:01:19.412 sustainability reporting—or sales contact information for 00:01:19.412 --> 00:01:20.713 customer excellence. 00:01:21.030 --> 00:01:24.267 And a third use case is for instance in the finance function. 00:01:24.384 --> 00:01:28.104 And while all of these use cases are quite different, the common 00:01:28.104 --> 00:01:31.307 denominator is that bad data is holding companies back. 00:01:31.591 --> 00:01:33.343 And with DQC, you can fix that. 00:01:34.027 --> 00:01:36.162 What foundation do companies need in place 00:01:36.162 --> 00:01:38.348 to capture real value with GenAI? 00:01:38.948 --> 00:01:40.183 Yeah, so with GenAI, 00:01:40.183 --> 00:01:43.353 you really need a solid data foundation. 00:01:43.870 --> 00:01:46.539 And the reason for that, if you think, for instance, of the 00:01:46.539 --> 00:01:51.427 latest Gartner study, they prospect that roughly 30% of GenAI 00:01:51.427 --> 00:01:56.116 projects will be abandoned next year due to unreliable data. 00:01:56.749 --> 00:01:57.784 And if you try to do GenAI 00:01:57.784 --> 00:02:02.405 with bad data, it's a bit like trying to run before you can walk. 00:02:02.672 --> 00:02:05.308 It won't look pretty, and you won't get very far. 00:02:05.792 --> 00:02:09.679 And therefore, you need a solution that actually enables 00:02:09.679 --> 00:02:12.749 companies to solidify their data foundation. 00:02:13.032 --> 00:02:15.235 And data is not static, so it evolves. 00:02:15.385 --> 00:02:18.271 So it needs to automatically always stay up-to-date. 00:02:18.505 --> 00:02:20.557 And then you're ready to scale GenAI 00:02:20.557 --> 00:02:22.192 and generate value. 00:02:22.876 --> 00:02:23.843 Thank you so much.