Real AI Solutions with Dr. Darryl Williams of Partsol 1-22-25
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What are the key themes of the podcast?
This is Scott Becker with the Becker Private Equity in Business podcast. We try each day to bring you great guests from the business world, from the private equity world and more. We try and make sure that you're learning something, we're learning something. You're with us today on the Becker Private Equity in Business podcast. Podcast this week is ranked number two out of all Apple Business News podcasts. So we're thrilled to see our listeners engaging. Thank you very, very much. We're thrilled today to be with Dr. Daryl Williams, who's the CEO and founder of Partnership Solutions, known as Partcel. They're one of the leaders in the AI business before there was even an AI business. We're going to talk to Daryl today about what pain points they're trying to solve for customers, what niches they work in, what they're most excited about this year, and a lot more. Dr. Williams. Can you take a moment and introduce yourself and tell the audience a little bit about the development of partnership solutions known as PartSol?
How did Partsol evolve in the AI landscape?
Absolutely. Thank you, Scott. As previously stated, I'm the founder and CEO and even the chief scientist of PartSol. It was a company that I created back in 2007. It was specifically looking at supply chain, at supply chain assurance. with the idea that everything in the world is indelibly linked to a supply chain. We could talk about things like moving a widget from point A to point B, but in reality, everything is. A virus has a supply chain, an attack, a cyber attack has a supply chain, an individual has a supply chain. And once you're able to map those with a certain level of fidelity, then you're able to actually conduct predictive analytics. And so HeartSoul was specifically created to nurture and to grow these supply chain algorithms with the desire of helping businesses that are engaged in existential issues. Now, when I created this back in 2007, I had no way to even begin to understand that there would be something called COVID. And so when COVID hit,
and all the global supply chains unraveled at the same time, I was confronted with the opportunity to move from a bespoke boutique company to a multinational global company by applying true artificial intelligence to these algorithms. And we did, and the rest is history.
Thank you. And talk a little bit about... The specific pain points, the problems that you're trying to solve for customers, and then we'll talk about the categories of those customers. Who is the core type of customer? But talk for a second about the specific pain point you're trying to solve for customers and why, quite frankly, you're so good at it. Can you take a moment to tell us that?
Sure. So originally, the pain point was fidelity and depth. Most individuals only know their supply chains, maybe two levels. They might know who their sub is, but they really don't know who their sub sub is. And so when it comes to supply chain, cost of units sold, efficiencies, only knowing two levels limits a company. And so that was the original pain point that these algorithms were designed to handle. That is the depth and the breadth of a supply chain with impeccable accuracy. Once COVID hit and we then applied artificial intelligence to these algorithms, we realized that we had a third dynamic, and that is speed. And so our pain points that we are addressing right now is accuracy and speed.
Accuracy because that's an existential problem. If you are trying to reconstruct a supply chain or if you're in a legal firm and you're trying to make a deposition and you are 90% accurate, your reputation as a law firm is going to collapse and that becomes existential. Speed, because if you're turning away customers because you cannot address them fast enough, then you're watching revenue run out the window. In the case of banking, which we'll talk about in a minute if we get to that area of particular niches, know your customer. The typical multinational bank takes about five weeks to conduct a know your customer on a high net worth individual.
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Chapters
5 chapters
1
What are the key themes of the podcast?
0:00–1:01
2
How did Partsol evolve in the AI landscape?
1:01–6:32
3
What specific pain points does Partsol address?
6:32–8:39
4
What are the critical niches for accuracy and speed?
8:39–15:39
5
What are the implications of accuracy in healthcare?
15:24–15:39
Speakers
1 identifiedMore from Becker Private Equity & Business Podcast
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