Elucidate AI
visit site- Undisclosed
- 10 - 49 employees
- Johannesburg, South Africa
Elucidate is a machine learning firm in Johannesburg, South Africa. Founded in 2018, they have about 7 employees that serve midmarket and small-business clients in a wide range of sectors. Services include big data consulting and artificial intelligence.
Client Insights
Industry Expertise
This provider has not added their industry expertise.
Client Size Distribution
Small Business (<$10M) 15%
Midmarket ($10M - $1B) 85%
Common Project Size
$1,000,000-$9,999,999 1 project
Clients
This provider has not added their key clients.
Highlights from Recent Projects
Elucidate AI was hired by a government-funded scholarship program that was struggling to manage the thousands of applications they received each year. The AI company developed a predictive analytic system that used machine learning to differentiate between promising and weak applications, thereby streamlining the application review process. They analyzed past data, using natural language processing, to understand what constituted a successful application in the past. The engagement lasted from September 2019 to July 2020, with some engagements continuing afterwards.
In another project, Elucidate AI worked with a prepaid airtime advance system company that wanted to increase its lending base while maintaining low debt levels. The AI company utilized machine learning development to maximize the client's lending opportunities. They developed models that allowed the client to either grant credit to more people or offer higher values to current grant recipients. The cooperative process involved weekly or more frequent interactions to monitor the product's performance. The engagement, which began in November 2019 and ended in June 2020, saw the client investing 1 million rand ($63,000 USD) in the project.