Alan Waksman is the first person to
donate a percentage of his company to
the Open Door. The company,
Informeta, an Artificial Intelligence software
company addressing the problems of data
integrity and quality by using predictive capabilities,
is itself among the first of its kind. Alan was
also one of first Open Door Board members,
along with Dave Cassell of Houston and Grace
Gentry of Northern California, and he helped
grow the New York Chapter to be NACCB’s
largest, serving as Chapter President for 5 years
and on the NACCB Board for 11 years. Funny
thing about innovators, those folks who go first,
they rarely just innovate once. More often they
innovate many things, many times. It’s a pattern
— or an approach to life; and Alan’s history as
an innovator is a good example of this.
Starting out like so many of his generation,
Alan graduated with a degree in business
accounting in 1962 and worked in that field for
several years before being hired by Cosmopolitan
Mutual Insurance Company to help bridge the
communications gap between their accounting
and information technology (IT) departments.
Alan explains that his work there started off with
a bang — or at least with a crash. On his first
day with IT, Alan was told to run several huge
stacks of tab cards through the sorter. He lifted
the first stack with great care, only to be surprised,
and embarrassed, when the cards exploded
from the middle of the teetering stack to
cover the floor, many ending up beneath a massive,
virtually unmovable machine standing
against the wall. Later he learned this was the
standard way to haze new employees, providing
much amusement to the rest of the staff. While
at Cosmo, he learned to program, the first step
in his 14-year ascent to Director of IT while
working for a series of impressive companies,
including Schering Plough, Babcock and
Wilcox, and Union Camp Corporation.
After demonstrating his ability to innovate
new ideas and methods many times during his
years in the corporate world, Alan took the next
logical step for an innovator. He went out on
his own and founded his own company,
Applied Concepts, in 1979. An early contract
and consulting company, Applied Concepts
originally specialized in development of military
products, switching systems for wireless communications,
and UNIX — and database software
used as a part of Unix — during its earliest
stages. As a company owner, Alan joined the
New York Chapter of the NACCB. Although
already in existence for several years, the New
York Chapter had never grown beyond a small
group of loyal members. Recognizing Alan’s talents
as an innovator, NACCB’s first Director,
Peggy Smith, called and asked him to take an
active role in growing the chapter’s membership.
“Well, of course, I turned her down,” says
Alan, when recounting the story. Several more
pleas for help from a determined Peggy were
refused, also. Then, one day, Alan said, “Why
not?” and implemented a new approach to
attracting members.
Believing New Yorkers would be more likely
to join if the meetings included good food
and good booze, he saw that both were provided.
Attendee’s limited to company owners,
who all had equivalent interests and risks. He
also insisted that high standards be applied
when admitting members, so that joining was
seen as a privilege, rather than something
bought by paying dues, and so that members
could comfortably discuss their business problems
with trusted peers. This formula worked
so well that New York went on to become
NACCB’s largest and most active chapter. Alan
served as Chapter President for five years and
as Chapter Representative on NACCB’s Board
for eleven years, serving on many committees
during that time.
In addition, when the NACCB Board voted
in 1998 to finance the founding of the Open
Door Education Foundation (the Open Door),
Alan once again agreed to help innovate, stepping
forward, along with Dave Cassell from the
Houston Chapter, to join Grace Gentry as the
first Board members of the new organization.
The mission was to increase the number of
qualified Americans entering the IT Industry,
and the Board’s first challenge was to raise
money to pursue this goal. After the frenzy of
preparation necessary to introduce the Open
Door to NACCB’s national membership at the
annual Conference, Alan, Dave and Grace were
overwhelmed when the members responded
with enthusiasm and over $500,000 in donations
and pledges. The next task was to implement
the Open Door’s first program: awarding
scholarships to qualified and deserving students
pursuing computer science related degrees
throughout the nation.
Alan served on the Open Door Board
through mid-1999, at which time he left to concentrate
on preparing Applied Concepts for sale.
When Applied Concepts was acquired by SBS
later that year, Alan announced his retirement to
one and all. Not surprisingly, his retirement was
shorter than most. Within two months he agreed
to serve on SBS’s Board and, not long after that,
he founded a new company, Informeta, a small
software company using Artificial Intelligence to
develop its products. Their first product,
Mentys, took 12 man-years to develop. Mentys
identifies and corrects erroneous data, fills in
missing data, and identifies the causes, sources
and effects of erroneous data. It can also predict
forward and backward and can read and “learn”
from both structured and unstructured numerical
and text data, correlating what is learned
from all of these different sources to reach single
conclusions without human intervention.
As Alan explains it, after 9/11, Mentys was
used to reconstruct four weeks’ worth (two
weeks prior and two weeks post) of uniquely formulated
foreign currency data totally lost during
the disaster. Mentys did the reconstruction using
existing historical data and three years’ worth of
NY Times articles extracted from the Web — all
without human intervention. The client called the results “amazing.”
Even more amazingly, Mentys can be used
on any number of subject matters in any type of
industry because it learns solely from the information
given to it.
Alan is very optimistic about his company’s
future. Certainly those involved with the Open
Door hope it is very successful — and that his
generous act inspires other NACCB members
and Open Door donors to do the same with
their company stock. When asked why he decided
to be the first to make this type of donation,
Alan said, “I consider that I have been very
lucky, and this is my way of ‘giving back.’ Giving
to the Open Door will make it easier for today’s
young people to succeed, as I have, and will help
make America stronger.”
Thank you, Alan, for all you have done for
NACCB and the Open Door.