For the next interview in our series speaking to tech founders from around the world, we’ve welcomed Shemmy Majewski, CEO at Dlabs.AI.
Tell us about the business you represent, what is their vision & goals?
The roots of my company are in the idea of helping people with diabetes. We started with a real-life need to monitor and help optimize the treatment of chronic illness using AI-powered software. To get financing for this project, we began to work on other AI projects for our clients.
Today, my team uses smart algorithms to tackle problems companies worldwide face daily. By analyzing large volumes of data and automating repetitive tasks, we help businesses increase their efficiency and profits. After 7 years of learning and hands-on experience, we came out with the AI KPI GROWTH ENGINE framework. This framework was created to increase the chance of getting AI models/algorithms to production without wasting money.
Our goal is to make companies aware of the tremendous power data holds, which can transform their business by making more informed decisions and streamlining people's daily work.
We want to show that AI can be accessible to everyone and that it can improve daily processes in both large and small companies. You don't have to start with huge projects. You can start with small changes and systematically make improvements that will enhance your business.
Can you share a little bit about yourself and how you got into the field of artificial intelligence?
At the age of 10, I found out that I have diabetes. My life had been turned upside down. Each day was based on continuous calculations, data became an integral part of my life.
As I've grown older, I've only come to appreciate the power of data even more. I took on the role at CERN to pursue my interest in the field. I've since gone on to help found two companies: DiabetesLab and DLabs.AI, and I know that the data I work with daily helps not only me but also the clients of my companies.
My work is my passion. DLabs.AI was created from a passion for Data Science and a desire to help clients improve their businesses through science and technology.
What do your day-to-day responsibilities look like at your organisation?
As it is a small organization, it changes to the needs of the company at any given time so I wear many hats. As a person with a technical background and who has been in business for many years, I use my knowledge and experience in consulting with clients and showing them the best areas to develop AI within their organization and show them the value of delivering digital transformation.
I'm constantly learning and trying new things, expanding my knowledge of marketing, sales, and the business at large so that I can continue to take our company to the next level and deliver more value to my customers.
Recently, I've also been working on sharing my knowledge and thoughts through my Linkedin profile - creating posts and a monthly newsletter.
Can you share some of the proudest achievements you've experienced in your career?
In 2014, in Trento, Italy, during the TechPeaks accelerator program, my team and I presented the DiabetesLab project, which involved building a mobile application based on Data Science, Machine Learning, and Artificial Intelligence technologies to support people with type 1 diabetes.
The DiabetesLab project was one of the winners of TechPeaks Demo Day and received funding. The team used to develop the project and formally establish the DiabetesLab company.
Our company won numerous awards over the following years, including OpenAxel (award for the most promising European startup; the project was one of nine winners out of 1100 applicants), Co-Creating a Healthier World (semi-finalists), Best Presentation Award, Balkan Venture Forum (for the best presentation to investors); Finodex grant (the fifth place out of nearly 200 applicants), Pirate Summit pitch competition in Germany (third place), finalists of the European Venture Summit in Germany, Advanced Technologies & Treatment for Diabetes grant in Vienna.
Moreover, DLabs.AI - our AI software development company, won two important Clutch awards: Top Machine Learning companies in 2019 and Top AI companies in 2020, proving our clients love our solutions.
Which industries and processes do you see as the greatest opportunities for applying artificial intelligence?
The industry that is both closest to my heart and has great potential when it comes to implementing AI in it is the medical industry. Statistics show that AI healthcare applications could save up to $150 billion annually by 2026.
AI solutions can solve many of the industry's problems, such as staff shortages, job burnout, the colossal volume of back-office tasks, organization problems, low patient engagement, tight budgets, and many more.
But it's not just business issues and costs that are important here. After all, the development of Ai in this industry significantly impacts our health and life in general.
Nowadays, we see a doctor on average once a year, and then we do a check-up and possibly a general check-up. In contrast, we check and update our phones and computers once a month. In 365 days, our health can change dramatically, even developing cancer overnight. More data and more devices allow us to monitor our health daily. Although AI in the healthcare industry is growing rapidly, there is still a mass of work to be done in this field.
In addition to healthcare, there is also a lot of opportunity for AI development in the education and retail industries.
What are the most significant changes you expect to see in business due to AI?
AI is, first and foremost, a big money saver. Not only money but also time. Implementing automation enables employees to tackle more challenging tasks, positively affecting their well-being and professional development. With AI-based insights, companies reduce the risk of failed investments and burning money. Frankly, there are a ton of these changes, and it all depends on the needs, expectations, but also maturity of the particular organization that is implementing AI.
What book are you currently reading?
I'm currently reading "Dune" by Frank Herber. At the moment, I'm in the middle of the fourth volume. I fancy the novel so far, especially since science fiction is one of my favourite literary genres (I am also a huge fan of Stanisław Lem). While "Dune" does not focus much on artificial intelligence, the events are described in a post-AI reality – after the people's uprising against machines, called Butlerian Jihad, which is more described in the prequel novel to the Dune story.
In addition, I am listening to the audiobook "Flowers for Algernon" by Daniel Keyes - very impressed by it. As for a more business-like title, it is currently "High-Performance Habits" by Brendon Burchard and “Everyday Hero Manifesto” by Robin Sharma, which I greatly value.