Our Engagement Model
Foundry.ai’s operating companies offer solutions that can be deployed rapidly to address a wide range of business problems. Alternatively, our ‘launch partner’ model facilitates the creation of new Practical AI solutions.
Our unique partnership model puts an emphasis on real-world business applications and ensures executive alignment as we deploy an existing Foundry product or develop a new one.
We engage with C-level executives to identify business units and processes that can be improved through the use of Practical AI. We target repeatable processes with high-profit leverage in which large data sets are available but not optimized.
We offer existing products and can bring those to bear immediately to drive value. If we jointly identify an area for which a Foundry solution does not exist, we can explore a ‘launch partnership’ to develop a new software capability.
Mutual Investment Review
Upon selecting a new potential solution area, we mutually conduct a ‘value at stake’ analysis to estimate our partner’s profit opportunity. Foundry analyzes the broader addressable market, builds an internal investment case, and decides whether to commit capital.
We undertake a pilot in which our partner brings its data and industry expertise and Foundry deploys its team, capital, and existing IP to build a new solution. At the conclusion, our partner is using the tool to make different decisions and we measure financial impact.
Long Term Success
With success, we convert to a software license and continue to enhance the solution and provide support. The product will become a Foundry operating company and be sold to other companies and industries, which benefits all users through enhanced algorithms and features.
What We Look For
We don’t believe in AI for the sake of AI. Instead, we apply a set of rigorous criteria to each use case to determine if it is appropriate for new AI technology. We look for the following conditions before initiating a launch partnership.
Projects and Maturity
Clear Path to Positive
ROI in 12 Months
We are improving key business processes for the Global 2000 across a range of major industries.
Optimize wind turbine management
A leading energy company sought to optimize the management of its energy producing assets, with the goals of reducing maintenance costs, improving uptime rates and increasing revenue.
Foundry’s technology optimized maintenance execution rules across more than 3,000 energy-producing units to increase net energy production with simultaneous reduction in maintenance costs.
Improve offer presentment & pricing
A leading cable operator was looking for a more systematic, data-driven way of identifying what offer should be targeted to which prospect in order to increase yield.
Foundry’s technology enabled CSRs to utilize granular response models and an optimization engine during sales calls, which enabled them to target offers more effectively to prospective customers, increasing ARPU by 14%+ and driving nearly $4MM in incremental revenue.
Optimize labor scheduling
A leading casual dining restaurant had an existing mature process to manage labor, but felt there was opportunity for improvement. The challenge was not just reducing labor, but also identifying where it was economically advantageous to add additional labor to support revenue.
Foundry’s technology improved forecast accuracy at the 15-minute level by 13%, improved labor productivity measures by 2%, and created an incremental profit opportunity of $8mm by (i) eliminating labor waste and (ii) adding targeted labor at appropriate times.
Improve local services purchasing
A leading casual dining restaurant felt it was overpaying for local services, but these purchase events were too numerous, too geographically distributed and (individually) too inexpensive to justify allocating significant human attention.
Foundry’s technology reduced expenses for a single category (hood cleaning) by 15%, which created an annualized value of $250k and a $7mm opportunity when extended to other local services purchases.
Enhance patient engagement programs
A leading value-based healthcare company sought to improve clinical and financial outcomes by applying state-of-the-art AI methods to risk prediction and intervention targeting.
Foundry’s technology created a 2x-4x uplift in the economics of programs designed to influence patient behavior, including: chronic care management, emergency room interventions, dialysis interventions, and advanced care planning.
Improve corporate procurement
A multi-unit operator hypothesized that adding additional qualified bidders to sourcing events would lower costs. They had a deep inventory of potential suppliers but no easy way to search/find them and to automate the bidding and negotiation process.
Foundry’s technology increased bid volume by 50%, drove new bidding that was 11% lower on average, reduced overall purchase costs by 3%, and created a $20mm annual savings opportunity across the enterprise.