Company Profile: Elder Research
Overview
Elder Research, founded in 1995 by Dr. John Elder, is a leading consultancy specializing in data science, machine learning, and artificial intelligence. The company is headquartered in Charlottesville, Virginia, and provides services to a diverse client base, including both public and private sectors across the globe. Known for creating innovative data analytics solutions, Elder Research has built a reputation for its ability to combine rigor and creativity in tackling complex business problems.
History and Milestones
Elder Research has demonstrated significant growth since its foundation. Key developments include a joint venture with Publicis Sapient to create PSAIL for AI/ML consulting in Europe and the acquisition of Statistics.com to boost its analytics training services. The company also launched Blackmarker, a machine learning product company, and invested in Smarter Contracts, a FinTech based in the UK.
Leadership Team
- Gerhard Pilcher: CEO since 2016, proficient in predictive analytics, with expertise in fraud detection, risk management, and healthcare.
- Jeff Deal: President and COO, oversees consulting practices, finances, and regulatory affairs, noted for championing excellence in analytic consulting.
- Victor Diloreto: CTO, leads software engineering and supports data science services.
- John F. Elder IV, Ph.D.: Founder and Chairman of the Board, an innovator in data science with contributions such as Corona Plots for investment visualization.
Company Culture and Values
Elder Research is committed to a culture emphasizing learning, humility, teamwork, leadership, integrity, and passion. This people-centered approach underpins their client relationship strategy and drives their innovative solutions.
Recent Achievements and Partnerships
The company recently secured a 5-year, $700 million blanket purchase agreement with the IRS. It also partnered with Sira-Kvina on solutions for the hydropower industry.
Financial Information
Elder Research has attracted $3 million in funding and reports estimated annual revenue of $23.4 million. The company invests significantly in research and development to enhance its services.
Client Impact and Innovation
Elder Research consistently delivers actionable, reliable, and unbiased analytic solutions. The firm has made substantial impacts across various sectors, assisting in national security, improving healthcare access, and supporting economic development with strategic data application.
Competitor Profile
Key Competitors
1. Anderson Analytics
- Focus: Market research, segmentation, and text mining.
- Location: Stamford, Connecticut.
- Founder: Tom Anderson in 2005.
2. Abzooba
- Focus: Online social media analytics, enhancing enterprise efficiency through AI.
- Location: Milpitas, CA.
- Size: Approximately 316 employees.
- Founders: Vivek Vipul and Rajiv Pratap in 2010.
3. Xomnia
- Focus: AI consulting with strengths in data engineering and analytics product development.
- Location: Amsterdam, Netherlands.
- CEO: Jordi Hompes.
4. Develandoo
- Focus: AI development, specializing in deep-learning and computer vision.
- Location: Armenia.
- Revenue: USD $15.8 million.
- Founders: Armen Gabrielyan and Albert Stepanyan in 2014.
5. Sunovaa Tech
- Focus: Data analytics and business intelligence.
- Location: Bangalore, India.
- Revenue: USD $23.4 million.
- Founder: Puneet Sinha in 2010.
Performance and Culture
Elder Research ranks highest in Overall Culture Score, showcasing its well-regarded workplace culture and strong market presence since 1995. The firm’s extensive client base and partnerships with industry leaders reinforce its competitive standing in the industry against companies offering niche expertise in areas like text mining or social media analytics.
