Adamauction.com | About us

About us

Adam is a part of ELCA holding.

Our team is based in Lithuania but we are working worldwide. We firmly believe that the latest IT technologies are the cornerstone to successful business growth. Our goal is to empower everyone working with auctions to use these technologies. Adam is an affordable, simple, and efficient tool for your business.

Who is Adam?

A newly developed auction platform empowered with artificial intelligence (AI) system. Innovative software that we have created for ourselves and other businesses to ease their daily tasks.

The main ADAM feature is Artificial Intelligence (AI) which is so useful for a few reasons: AI can solve problems and tasks by processing large amounts of data quite fast while human resources will need too much time to do it. In some cases, only AI can do it.

Adam might seem so complicated inside but when you start to use it – you will see how simple everything is. All other important features like API integration, analytics, auction type, and bid management (and many many more) are set to work so smooth that lots of daily tasks could work automatically once you set them. Sounds like imposible? Just try it and you will be surprised how could you live without ADAM for so long! It will become your irreplaceable Business partner and friend.

How Adam was born?

After 12 years of working with auctions in a few countries, we have noticed that markets, businesses, and habits of customers are changing. Businesses are becoming more digital, mobile traffic is increasing, shopping habits are changing, and auctions are getting more popular. On the other hand, companies are facing increasing costs, a lack of employees with needed skills, and the requirement to be faster and to know their customers’ needs better.

Based on that at the end of the 2019 year, we made a decision to build a new auction system that could be autonomous as much as possible, able to adjust to different businesses’ needs, and will have artificial intelligence (AI) to replace teams of analytics and managers. Our main idea was to use the most sophisticated technologies which allow us to automate processes and will reduce needed employee interaction to a minimum while maximizing profitability and sales.

In meetings with potential and loyal customers, we have noticed that they were impressed by our new idea and encouraged us to move forward.

COVID19 changed the habits of shopping dramatically. Online shopping became a new normal even for older generations. And auctions are just another online sales channel for most businesses.

This is how ADAM became alive with Artificial Intelligence (AI). It took more than 2 years to release the first version of the ADAM platform for auctions.

“Hello, my name is ADAM. Nice to meet you”

Why Adam?

Did you know that auction scope become a growing area in the last few years? In 2020, the Nobel prize for economics was given to Paul R. Milgrom and Robert B. Wilson (USA) for their research and invention of new auction formats. All new generations are more into online than we can think and the possibility to negotiate online in many ways become more and more popular. To 2026 auction scope will grow 9.7%.

This is where Adam could help you to be closer to your customers.

The functional capabilities of artificial intelligence (AI) systems extend far beyond human capacities. Nowadays AI is driving our cars, managing ongoing missions to Mars, and supporting customers online.
So why we shouldn’t allow it to run your online auction?

Adam is working 24/7

It will not ask for day-offs, or holidays, or will not have any sick leaves. It will be working 24/7 and fully concentrated on how to make your business safer, profitable, and your customers more satisfied.

Fully customizable

This means ADAM will cover
all your needs 100%.

Learning

Adam has the ability to learn and become smarter over time. It learns itself. All the time.

Reasoning

Adam can extract critical information from large sets of structured and unstructured data, perform clustering analysis, and use statistical inferencing in a way that starts to approach human cognition.

Changing

Based on learning and reasoning outcomes Adam will improve your system processes every time.

User-friendly and easy to use

Based on our 12 years of experience ADAM became the best version of the platform for auctions.

Mixed auction

ADAM has four types of auctions. But the best is that you can mix them and find the best auction type only for you.