38. Jan23446 Alexander Acker is a CEO that has made a vast impact in the swiftly moving data landscape. As the driver of technology, and technological development, data is only becoming more vital in the greater business world. Essential to maintaining an edge in an ever-competitive landscape. Following his success in the programme, we spoke with Alexander to find out more about his work, experience and achievements. There's a certain need for businesses the world over to embrace workflow optimization. Indeed, with all industries moving fast to adopt new technologies, efforts around optimization and efficiency can almost seem a secondary, unimportant focus. Something to think about later. But there comes a day when it is time to pay the bill. That's where many businesses stumble on their path to success since it's very difficult and costly to patch existing workflows instead of designing them properly from scratch. This holds very true for the software development space, as Alexander explains in more detail. "It is estimated that software engineers spent up to 50% of their time on bug fixing, resulting in overall $312 billion of annual costs for companies worldwide. Every software - written by humans or AI - contains errors, eventually resulting in failures that must be fixed. However, the two tasks that almost every software developer hates are source code instrumentation - i.e., preparing software to provide telemetry data - and bug fixing. It is because most of the workflows are manual and repetitive. Improving workflow efficiency in software development enables companies to ship their products faster. "We built a solution that automatically adds instrumentation to the source code allowing us to locate bugs at runtime. Such automation enables developer teams to focus on innovation instead of troubleshooting. Therefore, our clients can focus on their core businesses. “We are in a very comfortable position where many companies want to improve their developer teams' productivity.” Client-centricity is an essential component of any business. After all, how you interact with your clients is half the job. As Alexander explains, for the team of logsight.ai GmbH, professionalism and honesty are the two pillars that hold the rest of the company aloft. "Professionalism and honesty are the two most important aspects when talking to our clients. Our mission is to help companies develop high-quality software faster. After all, we want them to succeed in their businesses. Therefore, we precisely analyse our clients' technology stack before implementing our solution. If the technology stack does not allow us to add value, we are open about it. A structured process of exploring the customers' needs and current technology stack is vital for carrying out projects seamlessly." Ultimately, Alexander has experienced a journey establishing logsight.ai and developing it into the business it is today. So, what are Alexander's plans moving forwards? What do the next few years bring? "I have been a co-founder of logsight.ai and CEO from day 1. We had to overcome hundreds of challenges in our early days. I remember the struggle of acquiring our first customers. Everybody wants the solution, but only a few trust a young company. I will never forget the first deal that we got. I love what I am doing now and would like to continue for another 7-10 years as the CEO of logsight.ai. We have exciting challenges and opportunities that are ahead of us. "I believe that technology is the way to solve the problems of humankind. With logsight.ai, I want to contribute a small piece by helping companies to build innovations faster. Expansion is our plan to reach more companies. We work mainly with European clients at Most Innovative Data Analytics CEO 2023: Alexander Acker the moment. Starting projects with US companies is our goal for 2024 / 2025. In 2023 we want to grow and at least triple our revenue, grow our team, and release new features." Company Name: logsight.ai GmbH Contact Name: Dr. Alexander Acker Address: Sedanstraße 16, 12167 Berlin, Germany Web Address: https://logsight.ai Contact Email: [email protected] Telephone Number: +49 176 56540595 “Our company was founded with the vision to enable developers to focus on the creative part of software development: System design, architecture, and algorithms. Everything else should be automated as much as possible.” Dr. Alexander Acker
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