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We are sponsor of the US and Lithuanian business forum

We are sponsor of the US and Lithuanian business forum

We are proud to be a sponsor of the North American Lithuanian Business Forum 2024. As an innovative company with a focus on modern IT solutions and exceptional IT competencies, we are committed to growth and expansion. We believe that the North American Lithuanian Business Forum is an important platform for connecting businesses and professionals from Lithuania and North America, and we are excited to be a part of it.

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We are actively considering expanding into the US, therefore we are sponsoring the North American Lithuanian Business Forum - an event dedicated to transatlantic partnership, progress and innovation, which took place on March 5-7 in New York. The forum featured presentations and workshops by business, cultural and political leaders from the US and Lithuania.

We believe in the power of world-changing ideas, which is why we are sponsoring one of the event's speakers Kristina Dryža - a futurologist, archetypal consultant, TEDx speaker and author. More about the event - in the comments.

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How to be prepared for NIS2 directive

How to be prepared for NIS2 directive

Experts advise on how to prepare for NIS2. Lithuania must implement the Network and Information Systems Security Directive (NIS2) into its legal framework by October 16, 2024, which will require businesses to comply with much stricter cybersecurity requirements. NIS2 will affect more than 20,000 Lithuanian companies, and non-compliance could result in fines of up to millions of euros.

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One of the most important changes is the expansion of the list of sectors in which companies are subject to stricter cybersecurity requirements. It is estimated that at least 22,000 Lithuanian companies operating in the energy, transport, banking, financial market infrastructure, healthcare, drinking water supply, wastewater treatment, digital infrastructure, public administration, space, food production, processing and distribution sectors will have to comply with NIS2. In addition, regardless of the sector, the directive will also affect all companies in our country with more than 50 employees and a turnover or assets exceeding EUR 10 million.

The Pareto principle will help
According to Marijus Strončikas, CEO of IT services company Altic IT, only about half of the companies affected by the directive have started preparing for NIS2 so far. "Preparations for the NIS2 directive can take from several months to a year, depending on the management's attitude towards security, the perception of risks to the activity and the current cybersecurity situation. However, the implementation of basic measures can be done much faster. Nevertheless, companies are not advised to look at the implementation of requirements only as a formality - NIS2 is a reminder that cybersecurity should become one of the main business priorities," says M. Strončikas. According to him, the Pareto principle also applies in the field of cybersecurity: by implementing 20% of the most important security measures, 80% of the most crytical cybersecurity issues and threats will be solved. Therefore, organizations preparing for NIS2 should start with basic steps.

"Companies should implement automated cybersecurity measures that will continuously scan the company's systems for vulnerabilities and help to 'patch' them. It is also necessary to ensure that regular backups of data are made to hard-to-reach and secure locations. Of course, organizations must ensure that software is regularly updated - it is often the 'holes' in software that become the gateway to internal company systems," notes M. Strončikas.

Hackers access to internal company systems can also be obtained due to employee negligence or carelessness. Therefore, companies must ensure that all passwords are managed centrally and that employees connect to company systems using a two-factor authentication system.

Read more: https://www.delfi.lt/verslo-poziuris/naujienos/ekspertai-pataria-kaip-pasiruosti-simet-isigaliosianciai-kibernetinio-saugumo-direktyvai-120000204

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Platform for State Labour Inspectorate for illegal work to be identified using AI

Platform for State Labour Inspectorate for illegal work to be identified using AI

The GovTech Lab Lithuania team supports the Lithuanian public sector institutions in addressing their biggest challenges by leveraging Lithuania’s most innovative IT companies and start-ups. During the 3 years of GovTech’s operations, 40 IT teams and 51 public organisations have collaborated to deliver solutions and prototypes for 69 technological challenges.

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To celebrate its achievements and completed projects, GovTech has organised the first GovTech Awards in Lithuania.
We are proud to share our nomination with the State Labour Inspectorate as one of the top 3 solutions in the category ‘Best Collaboration of the Year’ for developing a platform to identify illegal work using publicly available data and artificial intelligence. The platform will assist the officers of the State Labour Inspectorate in detecting illegal work considerably faster.
Many thanks to GovTech for this recognition!

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Altic IT Turnover More Than Doubled Last Year

Altic IT Turnover More Than Doubled Last Year

Altic IT is artificial intelligence and IT support solutions company that ended the year 2021 with a turnover of € 1.62 million or 2.5 times more than the € 0.65 million in 2020, and a profit of € 0.24 million.

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In the press release, the company’s manager states that the growth was driven by innovative IT service solutions, successes in tenders held by Lithuanian businesses, and the growing interest in the possibilities of artificial intelligence implementation.

‘Smaller than others, but faster, more flexible and unique, bringing together the best in the field – that is how we are entering the new year. Last year was thoroughly successful – we have refined our operations and services, restructured our company, and ensured successful business procurements,’ says Marijus Strončikas, the CEO of Altic IT.

According to Strončikas, the portfolio of the company’s largest clients more than doubled last year.

Strončikas explains that last year was very significant for the company with the founding of the Artificial Intelligence and Performance Analysis Solutions Branch offering IT innovations. The Branch is already serving companies such as Exleasingcar, cargoGO Logistics, and other Lithuanian companies.

The CEO predicts that an increasing number of companies will be using artificial intelligence (AI), from those managing online stores to those dealing with large data streams in other activities.

Altic IT currently employs 24 IT and AI specialists in Lithuania, with their numbers having increased by nearly 50% since the beginning of the year. The company outsources some of its expertise from external EU markets. According to Strončikas, this business model enables extremely efficient project management and implementation across different situations and countries.

Altic IT Ltd is part of the Altic Group, which is a joint company group based in Lithuania and Sweden. The group also offers information technology (IT) support services, artificial intelligence (AI), data platforms, and business analytics services in Sweden. The group expects to achieve a turnover of € 5 million and create 40 new jobs within three years.

01 02 2022

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Microsoft Gold Analytics Partner level achieved

Microsoft Gold Analytics Partner level achieved

Last year was truly special. We were successful in more than 80 percent of tenders and managed to bring together talents (there are over 24 talents in our Lithuanian office alone). We have also set up the AI department and merged Lithuanian and Swedish businesses into a joint Altic Group.

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The second Microsoft Gold Partner award in Gold Data Analytics was a nice wrap-up of the good year. We also claimed first Microsoft Gold Partner award for the Gold Cloud Platform at the beginning of the year.
We don’t know if any other IT company in Lithuania has more competency awards, but the most important is that our customers can gain even more benefits from Cloud solutions.
30 11 2021

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We became a member of the Lithuanian Artificial Intelligence Association

We became a member of the Lithuanian Artificial Intelligence Association

It is an honor for us to join the Artificial Intelligence Association of Lithuania. Understanding the growing significance of the AI field, together with the entire Lithuanian artificial intelligence community, we want to contribute to the creation of a better environment in the country by developing research that will allow the adoption of AI solutions in business and the public sector.

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3 01 2022

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AI Awards 2021

AI Awards 2021

We were nominated for the award in the category “Artificial Intelligence Company of the Year” at the ceremony “AI Awards 2021” organized by the Artificial Intelligence Association of Lithuania.

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28 12 2021

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Microsoft Gold Partner level achieved

Microsoft Gold Partner level achieved

With achieved the highest Microsoft Gold Partner level for Cloud Platform competency, ALTIC is yet more capable in deploying, migrating, and maintaining cloud applications and services on Microsoft Azure, helping our customers make use of secure, scalable, and reliable cloud solutions.



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11 10 2021

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