Swedish startup MyTelescope releases new AI platform

Companies and organizations are now equipped to substantiate the pivotal nature of their endeavours through the newfound prognostic prowess of cutting-edge AI, capable of foreseeing outcomes that might otherwise elude observation for months to come.

Swedish market intelligence and search startup MyTelescope has unveiled a novel AI platform, leveraging search data to predict prospects, market trajectories, impending sales, and market participation with an impressive precision rate of 83%. Tailored for prognostication and steering business resolutions through astute market insights, this platform marks a paradigm shift.

MyTelescope’s innovative AI apparatus doesn’t merely forecast opportunities; it extends its foresight to discern potential threats, market trends, competitive landscapes, and purchase intent. The data was initially used four years ago in collaboration with Sveriges Riksbank to successfully track the movement of COVID-19 around the world and forecast post-pandemic progress. 

We’ve been working with the data set since the beginning of 2019 with lots of validation, so we’re very confident in its forecasting abilities. The tool has been built to forecast sales, revenue and market share.

This differentiates it from other AI solutions which generally focus on assisting users in creating content. If you think about Apple, they didn’t invent the computer, but they made it easier to use and get the most out of it, and that’s what we did with AI.

says Rodrigo Pozo Graviz, CEO and Founder of My Telescope.

Vattenfall, a prominent Swedish energy conglomerate, has been leveraging MyTelescope’s data repository since 2020. The corporation now extends unfettered access to its comprehensive analysis and forecasting tool across its workforce. This strategic move is geared towards streamlining intelligence acquisition and propelling initiatives towards the pivotal objective of fostering a fossil-free world.

The Vattenfall Market Analytics platform, powered by MyTelescope, will launch across Vattenfall in October. It will deliver market trends, forecasts, and automated research analysis. This move is expected to empower Vattenfall teams to enhance their learning and insights, reducing reliance on the often-burdened strategic insights team and utilizing AI to expand strategic market intelligence efforts.

We’ve used MyTelescope’s data for two years to drive our teams towards a fossil-free world with real-time market insights.

We partnered with MyTelescope to build AI for faster data access. We’re excited about this collaboration.

says Sven Bergvall, Strategic intelligence at Vattenfall.

The tool has even been used to forecast election outcomes in Finland and Spain accurately. It can be used to prove business outcomes in brand building and marketing and to be a reliable indication for management and supply chains of where the market is heading and how to steer budgets accordingly. 

You can spend money building brands or making considerable business decisions and have difficulty proving outcomes. But when you use search engine data, you see a trend line that enables you to make decisions based on keyword data with an 83% accuracy rate of forecasting your success. Traditionally, you would have to rely on historical data or other means that can’t give you this level of accuracy when predicting the future.

adds Sven Bergvall.

MyTelescope’s AI is built on its statistical model enhanced by AI platforms like OpenAI and Google PaLM. It has an NLP accuracy of 97%. With €2.0M in funding infusion and plans to secure additional resources in the first quarter of 2024, MyTelescope charts a course for continued innovation and influence in AI-driven market intelligence.