Scott Litman is an entrepreneur in search of new ways technology can advance the mission of chief marketing officers, advertising, and media agencies. From the early days of the Internet and the first websites, to business portals of the dot com era to the latest generation of 1:1 marketing — integrating sales, service, and marketing — Litman and his business partner Dan Mallin have a broad history of building businesses that help clients, including Fortune 1000 marketers and large ad agencies, take advantage of cutting-edge digital transformation.
Hi, I’m Scott Litman from Lucy
and this is our Tech Talk. Lucy is an Ai-powered knowledge management platform that unifies and delivers data an organization owns, licenses and commissions through one simple interface. I am the cofounder & managing partner at Lucy. “Add in key responsibilities – executive sponsorship for our clients focus and ensuring she continues to develop to meet client and market needs”
Teams in every industry are faced with the issue of holding a bounty of information without an effective way to search the unstructured data or knowledge assets owned by the company. Large companies, in particular, have vasts amounts of unstructured data that has been massaged into knowledge. In a world of expansive research and data, there is simply too much to learn. Nobody can find the information. Or worse, nobody knows that it exists.
Every organization strives to make information easy to find but the truth is businesses are losing knowledge faster than they can absorb it. There are too many formats and file systems to keep track of; employees leave and historical knowledge is lost.
Unstructured data is the hardest to search Large companies likely have terabytes of unstructured data
sitting in shared file systems. This can equate to tens of thousands or more files such as PowerPoint decks, PDFs, Word documents, presentations, audio and video. This data was expensive to procure or produce—yet more than 90% of this data will go largely unused after just 90 days.
The status quo of searching for information within these files is antiquated. A simple task becomes overwhelmingly difficult if you do not know where to look.
What is your technology name, how have you positioned the company to solve the market problem. Lucy reads remembers all of the data Built for the Fortune 1000, Lucy reads, listens, watches and learns all of the data that you share with her. She never leaves, never forgets and
becomes smarter every day. Using leading edge, patented technology in machine learning and AI, Lucy finds the exact page, chart, graph, video clip to precisely answer your questions. Lucy reads, watches, listens and remembers the information within your files, documents, audios and videos wherever they are located across your enterprise-wide systems, share drives and third-party subscriptions.
Investor slide Patented tech AI learning
Who is best suited to use your tech, examples of current clients.
Lucy works with Fortune 1000s in CPG, Financial Services Retail, Technology and Entertainment with a focus on multi-nationals in the US and Europe.
Adoption was biggest in insights professionals , but now in the pandemic, many organizations are viewing the need to support WFH, retain institutional knowledge and drive efficiency with fewer resources as essential
Large companies lkely have terabytes of unstructured data sitting in shared file systems. This can equate to tens of thousands or more files such as PowerPoint decks, PDFs, Word documents, presentations, video and audio files, The status quo of searching for information within these files is antiquated. Integrating Lucy is like a new employee. Discuss how you just give her access.
Specific answer units, quick to deploy, not moving the data, (stays secure, AI auto-tagging/generates rich meta data). Demo starts Example of a process or overview of the platform as though you were a customer. What are the key areas that a customer would use. Customer examples, Any examples of before and after, what was challenge, what were results.
Use cases vary but a few examples of different use cases and how they worked
– Challenge, Now Fortune 1000 CPG rolling out to 400 insights to
– Tech docs
– New employee working from home
Efficiency – saving time. Time saved is one important metric. Discuss currently onboarding and pilot users are already marking time they saved time by asking a question and finding the answer.
There’s an advantage to be gained in the process of managing accumulated internal knowledge spread across a company, both personal eliminating frustration and improving productivity and a business competitive advantage of building upon accumulatrd knowledge and not repaying for the same
Focus is internal knowledge – Access to the data? We aren’t Google? No AI magic
Lucy is Saas product with annual fee. Lucy was created in such a way that there is very minimal effort required on the client-side.
Deploying Lucy takes significantly less time than most other knowledge management platforms. (Most users see beneficial usage in 4–6 weeks versus as long as 6 months with other platforms.) Lucy gives her team maximum results with minimal initial time investment.