Peak Boosts Business Productivity with General Release of Agentic AI Assistant, Co:Driver
July 11 2024 - 6:00AM
Business Wire
Artificial intelligence company Peak today announced the general
availability of Co:Driver, its agentic AI assistant. Co:Driver
combines the power of large language models (LLMs) with each
business’ unique data and the outputs generated from their existing
Peak predictive AI products to unlock productivity across a
business.
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Peak Co:Driver (Photo: Business Wire)
Peak is used by global industry leaders, including Nike, Molson
Coors, Marshalls and Eurocell. Its AI products optimise inventories
and pricing using predictive AI methods, such as machine learning
algorithms and statistical models, to forecast trends, patterns and
predictions from each business’ unique data set. Co:Driver applies
an LLM-powered assistive interface to a business’ predictive AI
outputs to speed up decision-making, highlight opportunities and
automate routine tasks.
AI agents achieve human-set goals by interacting with their
environment to collect data, which is then used to perform
pre-determined tasks. Using rational decision-making, AI agents
independently choose the best actions to perform to achieve optimal
performance. Co:Driver uses such agentic workflows to continually
surface business-specific, actionable recommendations and allows
users to interrogate their business data, analyse and better
understand their AI using natural language question-answer
capabilities.
“AI in a business setting must deliver a competitive advantage,
delivering value in the form of both performance and productivity
gains,” said Richard Potter, CEO and co-founder at Peak. “Co:Driver
gives much needed context to the power of generative AI. It’s the
perfect companion for business teams to drive optimal performance
on repetitive tasks while freeing up time to spend on creative,
strategic or mission-critical activities. Co:Driver empowers every
business to achieve superhuman results.”
Co:Driver has three core functionalities centred on product
support, data exploration and explainability of AI-generated
outputs.
Facilitating AI upskilling
Users can ask Co:Driver questions in natural language about how
to use Peak’s AI platform. As Co:Driver has been trained on Peak’s
user guides and onboarding documents, users will receive specific
instructions on how to carry out the requested task. With this
conversational in-platform user support, Co:Driver users receive an
enhanced user experience and are supported in their development of
AI skills.
Increasing AI-driven decision-making
Co:Driver empowers users to ask questions of their data to
surface insights that would previously take hours of manual
interpretation or be missed entirely. For example, ‘what's the
average lead time on SKU567?’ or ‘what are my top 10 understocked
SKUs in Germany?’. With this capability, businesses can understand
their critical areas of focus, enabling them to make decisions that
will move the needle on their business objectives.
The next release of Co:Driver will further enhance
decision-making by continuously searching for information,
efficiencies and anomalies of potential interest to the user, which
are surfaced as bite-sized recommendations, with the user then able
to choose their preferred next step from a number of AI-generated
actions.
Enhancing explainability and trust
In Co:Driver’s conversational interface, users can ask questions
to more clearly understand why a prediction has been made, such as
‘why is SKU9174 priced at £1.50 per unit?’. Co:Driver then provides
the user with an explanation detailing the calculations or
parameters that have led to the prediction.
Helping team members to understand and trust the results of AI
should be a priority for business leaders as it naturally supports
adoption of AI, in turn resulting in a virtuous cycle, where teams
make more AI-powered decisions, see the positive outcomes that come
from them and free up time to focus on strategic or creative
tasks.
Peak’s VP Product, David Bowen, said “Following a period of
extensive testing with our customers, the release of Co:Driver into
general availability marks an important milestone in Peak’s product
development. We continue to invest across our product suite to
bring our customers cutting-edge AI solutions and have recently
made key upgrades[1] to both our Pricing AI and Inventory AI
products.”
[1]
https://peak.ai/hub/blog/peak-product-update-codriver-in-the-hot-seat/
About Peak
Peak’s AI platform optimises inventories and pricing for global
industry leaders including Nike, Molson Coors, Marshalls and
Eurocell. From a decade of successful AI deployments, Peak has a
proven track record of delivering rapid performance gains for its
customers helping to increase their revenues, profits and
efficiency. Founded in 2015, Peak has raised $119m funding to date
with its most recent Series C funding round led by SoftBank’s
Vision Fund II.
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