In today's world, Big Data Analytics and Artificial Intelligence (AI) have become indispensable to derive actionable insights from data. FORMCEPT TECHNOLOGIES AND SOLUTIONS is a leading provider of AI-powered data management and analytics solutions that help enterprises make better data-driven decisions. Headquartered in Bangalore, India, FORMCEPT enables its clients to derive actionable insights from data using its data excellence product for just-in-time decision-making - MECBot.
The Plus
FORMCEPT's flagship product, MECBot, is an open cognitive platform that uses a unique concept known as `Metaspace' to solve the data management puzzle by connecting billions of data points in real-time. By enhancing this interconnected data with a linked knowledge base, MECBot creates a trusted, harmonized knowledge graph for enterprises, which serves as a single source of truth for all stakeholders. This Enterprise Knowledge Graph is then made seamlessly accessible across the entire organization through a secure channel and is kept hydrated by MECBot on-the-fly. The data can be sliced and diced in various ways, each leading to a unique contextual view that is specific to the domain at hand.
MECBot's Metaspace acts as the brain of an entire enterprise where all data and meta-data are stored in a meaningful and interconnected manner. Whether it is the Enterprise Knowledge Graph, the Domain Data Models, or the meta-information about datasets like data lineage, data quality, and data ownershipMetaspace encompasses it all. This way, it keeps data assets unified, contextual, secure, and updated, thereby helping organizations to make informed, just-in-time decisions at scale.
Furthermore, MECBot continuously auto-detects useful patterns hidden underneath the data using its patented data folding algorithm, helping organizations to unlock hidden insights from their data.
Some of the benefits one can have using MECBot is- a). Improved data management: MECBot seamlessly accesses and integrates data from multiple sources in an efficient and effective way. This can make it easier to find the right data at the right time in an analytics-ready manner, and to ensure that client data is accurate and up-to-date; b). Accurate data insights in an intuitive manner: Complex data is presented by MECBot in intuitive and visually appealing formats, empowering users to understand and communicate insights with ease. MECBot can help clients to identify patterns and trends in their data that they might not be able to see with traditional methods; c). Enhanced just-in-time decision-making:
MECBot's scalable architecture and optimization techniques enable the handling and processing of large volumes of data effortlessly.
With MECBot, users can optimize the performance, scalability, and reliability of their data systems, without the need to spend time understanding different technologies; and d). Reduced costs: MECBot automates many of the tasks involved in data management and analysis. This can free up 80 percent of data pre-processing time, 60 percent of analytics costs, and a significant amount of data resources that can be re-focused on other areas of the business. Precisely, if one is looking for a way to improve their data management and analytics capabilities within days (not months or years) and in a no-code/low-code manner, MECBot is a great option to consider.
FORMCEPT is differentiated from other players in the market by its unique Metaspace architecture and its patented datafolding algorithm. The Metaspace architecture allows FORMCEPT to seamlessly integrate and manage large volumes of data from a variety of sources, while the data folding algorithm helps FORMCEPT to identify patterns and trends in data that would otherwise be hidden.
Growth & Future Forward
FORMCEPT has come a long way today, enabling client enterprises across a variety of industries to make better decisions with its AI-powered data management and analytics solutions. Under the joint leadership of Anuj Kumar, and his partner - Suresh Srinivasan - it has attained several milestones in a very short period of time. Not only has it served a handful of Fortune 1000 customers in India and abroad, but has also raised Series A funding from GVFL Ltd.; won Frost & Sullivan's 2014 New Product Innovation Leadership Award at GIL 2014; has been featured at TechCrunch International City Event, India, 2013; received NASSCOM Emerge 50 Award, 2013, was a finalist of TiE50 Awards Program, Silicon Valley Chapter, 2013; was recognized by Your Story. in's TechSparks TECH30, 2012; was a finalist of Next Big Idea, NSRCEL, IIM Bangalore, 2012; and raised seed fund from CIIE-IIM Ahmedabad by winning ET Power of Ideas, 2012 organized by CIIE-IIM Ahmedabad.
Suresh Srinivasan, Co-Founder & CEO
FORMCEPT is working extensively towards its mission to provide innovative products that seamlessly integrate and harmonize data, and enable organizations to unlock valuable insights and achieve their business objectives. The company aims to enhance its product offerings further, expand its customer base globally, and stay at the forefront of technological advancements in artificial intelligence and data analytics.
Anuj Kumar, Co-Founder & Chief Architect
Since 2007, Anuj Kumar has been designing large-scale distributed systems for data storage, retrieval, and analytics. Prior to FORMCEPT, he worked with the Oracle Server Technologies division in Bangalore, India. With an M.Tech. degree in Software Engineering, he has published research papers at ACM conferences, got several patents granted for FORMCEPT, and spoken at TEDx events. As a part of the leadership team at FORMCEPT, his core focus is on Data Integration and Data Quality using NLP and Machine Learning.
Suresh Srinivasan, Co-Founder & CEO
Being a data enthusiast with decades of product development experience in leadership roles, Suresh has an excellent track record in delivering high-quality products both as a leader and as a team player. Since 1995, he has worked with companies like IBM, HP, and Oracle, and is currently leading the innovative analytics startup FORMCEPT. He holds M.Sc. and M.Tech. degrees from the Indian Institute of Technology, Madras, and an Executive General Management degree from the Indian Institute of Management, Bangalore.
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