Sector's insights

TripleAlpha: data analytics as added value

23 de December de 2021

TripleAlpha is a Galician technology company founded in February 2018 that bases its activity on three fundamental pillars: Data Science, Machine Learning and Cloud Computing. Our core is the extraction of value from data through statistical techniques and machine learning to predict, automatically recommend or discover behavioural patterns. Through our own Machine Learning platform, AlphaCloud, we extract value from data by transforming it into knowledge, always with the aim of improving our clients’ productivity and profitability in a fast and sustainable way.

1. What is the added value of your activity as a company compared to others?

TripleAlpha is the only company in Galicia focused entirely on the application of advanced analytics and Machine Learning to the field of operations. Contrary to the classic approach to data analysis, our objective is the manufacturing plant: combining knowledge in Business Data Science with our background of more than 30 years in the industrial sector, we bring real differentiation value to our customers. We speak their language and, on many occasions, we have experienced their concerns. This empathy allows us to better assist them in their business objectives by extracting the business value of each piece of data throughout its life cycle. Precisely, from this desire to control the entire data life cycle and to reach the Galician strategic sectors, arises the creation of our own Machine Learning platform: AlphaCloud.

2. You have been awarded in the Startup category of the SEUA – Mindtech Awards for your Machine Learning platform, AlphaCloud. What does this award mean to you?

For us this award is a recognition of the effort made in recent years to make AlphaCloud a reality. The prize cheque will allow us to finance part of the cost of submitting to a European call for proposals, but much more than that, it gives us greater visibility in the sector which, today, just a couple of months later, has already translated into new customers.

On the other hand, we have also been contacted by different companies in the sector interested in getting to know us better and collaborating on future projects, for which we could not be more grateful to the Mindtech Awards.

3. With the COVID-19 situation, a large number of processes have had to be automated within companies. Have you seen an increase in the demand for your services with this situation? Do you think that we are in an upward trend in the hiring of Machine Learning services by companies?

While it is true that in recent years there was already a greater trend towards factory automation, we believe that the arrival of COVID-19 has been a decisive factor in many companies that were still thinking about it. However, in our case, we cannot say that this situation has had too much of an impact on us, given that the crisis and the uncertainty generated by the COVID caused some projects to come to a standstill in the automotive sector, and in turn, led to an increase in demand in the food sector, where we have a strong presence. On the other hand, now that the situation is more under control, we hope to resume the projects that had been put on hold.

Regarding the trend of contracting Machine Learning services, there is a growing market interest in this type of solutions. While it is true that the end client does not really stop to analyse the technology behind it, we do observe that they are increasingly aware of the potential of their data and the advantages of information-based decision making.

4.The microchip crisis is becoming problematic in all sectors involving the technology sector, how are you managing this setback? Is there a long-term concern?

We are starting to feel this problem directly. While we are in the data analytics business, obviously in many of the projects we do, we rely on IoT sensors, for example, to be able to implement our solutions. So even though we don’t use the microchips directly, if our partners can’t do their business as normal, it’s likely that we will be affected at some point.

5.How do you face the recovery/reactivation in the new scenario imposed by COVID-19? What do you think the year 2021-2022 looks like for the metal industry and its associated technologies in Spain in particular and in the Iberian Pole in general?

Our forecasts for the coming years are very positive. More and more companies are contacting us to find out more about the advantages of exploiting their data and how they can optimise their processes thanks to it. In this sense, we are aware that the beginning of 2021 has been tough for the industry in general, but we know that the metallurgical sector as a whole is working hard to achieve a solid recovery, so we are confident that in 2022, the sector will already be in a much stronger position to carry out projects of this type that will undoubtedly help to consolidate the sector’s recovery.