India’s First Algorithm Based Scoring Platform For Handling Complex Data Challenges Launched By iPredictt Data Labs
Applications of Scoring capability include Estimating Credit Loan risk, Quality of Sales Leads and ROI of Advertising Media Mix, Resume Soft Skills
New Delhi: March 08, 2016: iPredictt Data Labs, an innovative big data analytics provider of machine learning software to solve the complex data challenges, announces the launch of industry’s first ever Algorithm based scoring platform in India. This emerging start up is focusing on newer technologies and striving to gain foothold in the Indian data analytics market which is likely to cross US$2 billion mark by fiscal 2018. The company is betting big and hopes to attain 200% growth in the next fiscal year.
Faster growth since inception and client acquisition for its solutions/products, iPredictt shows enormous promise in the Indian data analytics market with aiming to gain 25% stake in the next five years. Incepted in 2015, iPredictt’s launch of its flagship product –UBIE is developed to help people across industries like ecommerce, HR, BFSI, Healthcare among others to identify the behavioural patterns of customers or whom it is directed at, thus speeding up decision making at the service providers end.
While iPredictt labs is one of its own kind, it differentiates itself by offering premium data science solutions that are customised for businesses trying to mine their data for getting better Return on Technology Investment. It has offered services to various departments of the government, Information Technology, Media and Communication, Telecom and Financial Services, Retail and Ecommerce. As India’s industrial recovery is boosting each year, it expected that country’s GDP would stand at 7.8 percent in 2016-17.
Calling this good news to the Indian industrial sector, Rohit Verma said: “Deploying disruptive technologies such as Big data analytics, open data, data insights and visualisation which will help in opening up enormous business opportunities.” Analytics, specifically, holds the key for commercial growth with companies in BFSI, ecommerce, automotive, HR and other service sectors, he added.
UBIE(Universal Behaviour Identification Exchange), a first-of-its-kind scoring platform allows one to know more about users’ financial position, social stand on issues or professional history. For instance it analyses e-commerce data, providing information to seller about buyer’s feasibility, their past transaction history, incidents on defaulting and other location-based factors. For the HR industry, the platform helps track soft and hard skills of the candidates, their job history, strengths and attitude, thus making it easy for employers to take quick decisions during the recruitment process.