- Tech Insights
Businesses worldwide are generating massive amount of structured and unstructured data which is becoming cumbersome to manage. This data also comes with an expiration date and needs to be extracted, organized and efficiently processed for organizations to use them and gain productivity.
FORMCEPT is a product company that is into Cognitive Intelligence, Big Data Analytics, AI/IoT space. Its flagship product, MECBOT is a Unified Data Analytics platform that helps enterprises to get actionable, rich insights from their data faster, thereby, significantly reducing the time taken to convert data into decisions. MECBOT has been built on powerful algorithms like Machine Learning, AI and Deep Learning and uses a combination of diverse technology to learn the flow of data once, process it and deliver rich insights to the right people at the right time.
The unique digitized robot provides near real-time actionable insights to enterprises based on the data provided (be it unstructured / semi-structured / poly-structured) and delivers end-to-end analytics-driven solutions. Over the last few years, MECBOT has helped many businesses, including Fortune 1000 companies, achieve impactful business results with cutting-edge analytics and automated pipeline of actionable business insights. MECBOT’s benefits include integrating data irrespective of volume, velocity, variety and veracity, alongside exploring dark data based on facts, like-entities, events, chronological order.
The company's big data analytics solution helps drive better business results by enhancing products and services with consumer need mapping and analytics, improve customer engagement with loyalty analytics and predictive modeling, offer sustainable growth with customer 360-degree profiling and clear positioning strategy; it also improves profits by maximizing sales, optimum pricing and minimizing costs, create a seamless feedback loop for continuous improvement and streamline customer relationship across digital and physical networks.
“ To make product innovation happen, you need a strong technology base and the right people support and that is what we are trying to build in FORMCEPT ”
In an instance FORMCEPT using their analytics solution assisted a Renowned Global Sports News Website exclusively for Cricket to increase their traffic to 4mn requests from 1mn previously. Alongside the client is now able to handle 5 million requests per week and has increased their retention rate on the site considerably. This has given the news website enhanced scalability and the ability to seamlessly import data and on-the-fly join from existing RDBMS tables.
Another key product of the company is their cutting-edge innovation ‘INTELLIDEVICE’ that activates industrial machines and equipment to send high-velocity data on resource performance and usage to cloud. Here, MECBOT analyzes it to generate quick actionable alerts and event-triggers. With INTELLIDEVICE, FORMCEPT’s dream is to enable industries of tomorrow through interactive, intelligent machines.
FORMCEPT believes augmented analytics is a next-generation data and analytics paradigm and they have innovated MecbotPlus, an Augmented Analytics Platform that helps users explore data via visualizations, search and natural-language query technologies, supported by natural-language-generated narration for interpretation of results, to get deep contextual awareness across the entire data processing workflow.
FORMCEPT is creating a seamless feedback loop for continuous improvement. The firm is focused on maintaining a friendly relationship with customers across digital and physical networks. For the future, FORMCEPT is working towards product innovation by supporting and enhancing the right people in the firm to drive the company ahead. To cater to the latest trends in analytics, the firm is coming up with innovative solutions where they are solving the real needs of the customers. “To make product innovation happen, you need a strong technology base and the right people support and that is what we are trying to build in FORMCEPT,” says Suresh Srinivasan Co-Founder of FORMCEPT.
FORMCEPT is a product company that is into Cognitive Intelligence, Big Data Analytics, AI/IoT space.