Vidya Peters, CEO of DataSnipper, highlights the importance of embracing Europe's strengths in tech rather than mimicking the US model. She emphasizes sustainable profit-focused growth as a key European advantage over the Silicon Valley's growth-at-all-costs mentality. DataSnipper’s success story showcases early profitability and a strong commitment to data protection and privacy, aligning with EU regulations. Peters asserts that such an approach fosters long-lasting business resilience and competitive advantage, enriching the European tech landscape amidst a changing economic climate.
Five years ago, it wasn't very fashionable to be profitable, but I think this is where the European sensibility is a strength, because European companies have always taken this approach, and now it's hugely valued in the current economic climate.
When you watch some of these companies come out, they are much more durable in their growth and competitive advantage.
It's been super important to our customers that we're not training on their documents and data - and that's been a central piece of how we built our AI products.
We review and look at their data to provide insights, but that data is theirs.
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