Frans Andersen
Co-Founder & CEO

Fifteen years ago, I was tasked with evaluating the accuracy of commodity price forecasts at Scania. At the time, their approach was quite simple; they gathered forecasts from suppliers and combined them with third-party forecasts.

To assess performance, I benchmarked their forecasting accuracy against both “forecasting experts” and basic statistical models. The outcome was eye-opening: a simple statistical model outperformed all the others.

With this insight, the purchasing team set out to find a forecasting platform that could apply such models. However, every solution on the market required deep statistical expertise and wasn’t designed to scale across multiple models or forecasts.

That’s when I teamed up with David and Daniel to build Indicio.

Today, our technology is trusted by organizations worldwide. With applications in manufacturing, consumer goods, banking, funds, construction, research institutes, and consultancy firms, to name a few. They all recognize accuracy as a key priority.

Over the past three years, our revenue has increased by more than 80% per year.