A personal note from CEO and co-founder Greg Levesque
Since our inception, Strider has been committed to redefining the landscape of intelligence. We’ve championed the cause of open-source intelligence, offering strategic insights that empower organizations to navigate the complexities of a new geopolitical environment – defined by strategic competition. Our mission has always been marked by continual innovation, and we continue to harness the power of advancements in AI and machine learning to provide cutting-edge solutions.
Generative AI has emerged as a transformative force, opening doors to imagine new capabilities and use cases. I’m excited to announce a pivotal moment in our evolution as we take the first steps to integrate this technology into our product portfolio.
Today we’re introducing Spark AI, a generative AI-powered data search capability integrated into our Organizations Search product. Implemented as an in-product chat function, Spark AI will transform the way you interact with Strider data—currently over 10 billion documents from over 40,000 sources globally.
Spark AI represents a significant milestone in our pursuit to make high-value, curated data accessible to our clients. This blend allows for unparalleled insights and provides faster access to crucial information, including the source documents that underpin our intelligence.
At Strider, we’re always looking for the best ways to place a wealth of actionable data at the fingertips of our clients, and Spark AI is a giant leap towards that objective. The first dataset enabled in Spark AI will allow users to access unrivaled foreign procurement information cross-referenced with corporate data and commercial networks. In the coming weeks and months, additional datasets will become available to enhance our offerings and create new use cases and capabilities. Client feedback will be crucial as we chart this exciting path forward, and this is just scratching the surface of what’s possible.
I want to emphasize the impact Spark AI will have on our community. For our enterprise clients, it represents a game-changing capability to facilitate rapid insights from traditionally difficult-to-access sources. This is the beginning of corporations being able to establish nation-state level intelligence capabilities in-house, leveraging both external and internal data and combining it with generative AI. This will help to reduce costs while enhancing security operations, strategic planning, M&A decisions, and more.
For government agencies, the combination of open-source intelligence and generative AI marks the launch of a profound transformation. For example, it enables us to reimagine economic security tools, notably contested supply chains, export controls, sanctions, and foreign investment screening. Data has become a new factor of production, and generative AI is key to unleashing its full potential.
Spark AI is an exciting component of our mission to empower organizations with the insights they need to thrive in an increasingly complex world. We’ll continue to expand, refine, and enhance our offerings, working together with our partners to drive progress and unlock intelligence to its highest capacity.
Thank you for being part of this journey.
With Respect,
Greg Levesque
CEO & Co-Founder
The Power of Procurement Data
Procurement data plays a pivotal role in organizations today. When properly utilized, it serves as the informational backbone for strategic decision-making and operational efficiency.
By capturing essential details about supplier relationships, purchasing activities, costs, and performance metrics, procurement data empowers organizations to optimize their supply chains, ensure compliance, and enhance transparency. This data not only aids in informed procurement decisions but also helps mitigate risks, streamline processes, and foster accountability.
And now with the integration of Spark AI in our Organizations Search product, clients can get critical access to procurement data by simply asking a question.
Utilizing Spark AI
Spark AI is Strider’s latest capability harnessing generative AI technology. Implemented as a chat function in Organizations Search, Spark AI revolutionizes the way you access, analyze, and utilize Strider’s procurement data. Simply type in a question relating to procurement history and get immediate answers about organizations, goods, and services that have transactional history with nation-state governments, defense, and military organizations. Source documents are always included for rapid verification.
Spark AI makes procurement information more easily accessible and can reveal gaps and opportunities that organizations might not be privy to otherwise. Here are a few ways Spark AI can be a crucial addition to the procurement process:
Spark AI Can Reveal Supplier Relationships
- Companies can discover other suppliers, evaluate their existing supply chain relationships, and potentially identify new partners. This additional insight can lead to better negotiation terms, improved supplier collaboration, and enhanced overall supply chain efficiency.
Spark AI Can Help Mitigate Risk
- Organizations Search can show potential risks in an organization’s supply chain, including geopolitical vulnerabilities. From there, users can use Spark AI to ask questions and gain a more holistic view of procurement activities.
Spark AI Can Help with Regulatory Compliance
- Comprehensive procurement data can help companies ensure compliance with ever-changing regulations and industry standards. By proactively clearing suppliers’ compliance records, companies can minimize the risk of legal and regulatory issues.
Spark AI in Action
Here’s just one example of how Organizations Search and Spark AI can work in tandem. An institution using Organizations Search discovers that one of their suppliers has a Risk Signal of “Military Ties.” Organizations Search data reveals that this supplier appears on a list of registered defense industry suppliers maintained by the People’s Liberation Army. The user can then turn to Spark AI’s chat feature and ask what that specific company supplied to the People’s Liberation Army in a specified timeframe. Spark AI will offer an answer in simple text along with source documents of that procurement data. That organization can then search for other potential suppliers that have a more compliant track record if necessary.
Conclusion
Spark AI is your key to unlocking unparalleled access to our proprietary data assets. Better ensure security and compliance, strengthen your supply chain relationships, and leverage Strider’s growing procurement data. Request a demo today to see Spark AI in action.