Business meetings are ubiquitous, expensive, and offer opaque and often untapped value; the problem is growing daily. According to a 2019 study of 19 million meetings, unproductive meetings cost $399 Billion dollars annually – in the US alone. According to Forbes, worldwide businesses hold 55 million meetings per day and half don’t accomplish much of substance.
COVID-19 has accelerated the enterprise challenge. Microsoft reported that Teams grew from 900 million meeting minutes per day in March 2020 to a peak of 2.7 billion in April. This translates to 5 billion meeting minutes per day in the US alone across all platforms.
This is reminiscent of the 20th century advertising quandary, as captured by legendary retailer John Wanamaker -
We now have tools to optimize advertising, but we have been slow to apply analytics within and across meetings. That’s why Powow AI is developing and delivering meeting analytics as a service.
Co-founder Gil Makleff -
Powow uses the latest advances in artificial intelligence, machine learning, emotion detection, and natural language processing (NLP) to multiply the effectiveness and efficiency of business meetings.
Co-Founder Artem Koren -
Powow AI uses NLP to capture the essence of business conversations, while supporting human-in-the-loop post-meeting clarifications and annotations.
Prior to the 1.0 release, Powow AI conducted a six month beta program with users from IT, consulting, venture capital, and nonprofits. Feedback from the beta program was used to enhance user experience and add critical features, focused around four areas:
Version 1.0 includes such innovative features as:
STORM Insights Founder and AI analyst Adrian Bowles -
Powow AI was founded in 2019 by Gil Makleff and Artem Koren who have successfully grown startups to large operating entities and sold them to bluechip companies. The founders have more than 40 years combined of hands-on experience supporting large transformation efforts. Combining this experience with AI expertise, they molded a product that fundamentally increases firm productivity and value derived from meetings.