CEO INTERVIEW PALATINE ANALYTICS
New Success Stories
CEO Interviews - exclusive for HR Digital Today with market leading HR Tech pioneers - Palatine Analytics
Archil Cheishvili, CEO, Palatine Analytics
Deep inside Palatine Analytics, an AI-powered people analytics software company, software engineers are at work on a secret project that envisions to create technology which will automate and utterly transform human resources decisions.
Indeed, Palatine Analytics can already predict employee performance four months into the future at a 75% success rate, which may eventually mean that a computer will be in charge of your career.
Although the concept of being fired or promoted by a machine sounds scary, Palatine Analytics' founders claim that they are solving one of the biggest tragedies of the working world – the thousands of unfair, biased, and wrong-headed employee promotion and termination decisions made every single day.
“It is incredibly sad to see people being promoted or fired unfairly," Palatine CEO, Archil Cheishvili said. "Further, these biased HR decisions have a catastrophic impact on companies’ survival."
1. Please share with us briefly what you do.
I am a CEO of Palatine Analytics – AI-powered people analytics software company.
2. What were you doing before this?
I was working at the largest hedge fund in the world – Bridgewater Associates and has been running my own startups.
3. In one sentence, how would you describe what your product does?
Our product collects data about employees using real-time 360-degree employee evaluations and then uses AI to provide insights on employee performance.
4. How did the idea for your business come about?
Over the years, we (Tosin (CTO) and Archil) have worked in various companies. We encountered a problem: employees did not understand where and how they could improve due to a limited amount of feedback from co-workers. We started Palatine because we are passionate about helping people become more self-aware.
5. How does it work?
Palatine Analytics’ software incorporates data from a variety of sources but the main source is the feedback you get from your co-workers and supervisors. Employees at companies observe a colleague’s behavior and select the attribute they want to rate them on.
A rating from 1 to 10 is entered into the platform, along with a brief description justifying the numerical rating. Then, the feedback is reviewed and digested by AI and insights about employees’ past, present, and future performance are given as an output.
6. What are the key benefits that your product brings?
First, the platform helps employers to have better oversight of the company. The platform provides unique insights about how employees are doing, how they are feeling, and what are their strengths and weaknesses. Second, Palatine helps employees increase their productivity through getting frequent and meaningful feedback about their super-powers and areas to improve on from their co-workers.
7. Who are your closest competitors?
Our competitors are Impraise, 15five, Reflektive, and Betterworks.
8. How do you price your product?
Our pricing is $100 per employee who uses our product per year.
9. What’s your business focus for this year?
This year, we are planning to increase number of customers and maximize client satisfaction.
10. Where can people find out more about your product offerings and you online?
- Born: Georgia
- Marital status: Single
- School: Harvard College
- Favorite book: Principles by Ray Dalio
- Favorite Film: Les Misérables
- Favorite Music: Pop