Data mining & analysis have become an indispensable part of many businesses. Those business houses that are able to convert vast amounts of raw data into tangible useful insights to further their business potential have an edge over their competitors. Unfortunately, data solutions can often be expensive & can have software compatibility issues when it comes to dealing with data from diverse sources.
The Bangalore, India-based IQLECT is a platform that is tailor-made to crunch colossal amounts of data & give insights in real time. This 1 aspect has numerous derivative advantages that make IQLECT stand out from other data analytical platforms. Firstly, the processing of data is dynamic & consistent. It does this through BangDB, a high-performance database. This provides timely updates on new insights that can be acted upon. This, it claims, is much better in comparison to other platforms that process data in batches which ultimately leads to a delay in new insights. This can be disadvantageous for organizations that have to deal with ever changing information.
Secondly, it has predictive capabilities that can analyze data & can hypothesize future events based on available data. This feature allows businesses to make contingencies for subsequent action. This is in contrast to many platforms that only provide data long after the event has occurred. Lastly, there are tools in the platform that are available for automation of actions. This coupled with the strong processing capabilities make IQLECT an ideal automation platform.
IQLECT can collect data from a diverse variety of sources. This is unlike other platforms that can only synthesize data from a limited base. A limited base can be disadvantageous to many businesses as it forces them to compartmentalize raw data into data vaults. With IQLECT, businesses can ensure there is an integration of data from multiple sources to provide a holistic insight.
IQLECT is a hybrid data analytics solution that combines the computational prowess of big data companies & the prices of tailor made open source software. While both the above can be inconvenient from different angles, IQLECT takes the best of both & provides a perfect blend. The plug & play platform can provide insights for a variety of data such as log, social, sensors, and machines. This makes it easy to use as the configuration is minimal. There is even a provision that allows for further customization of the inbuilt applications to suit a business requirement.
IQLECT is ideal for digital marketers, business analysts, data analysts, product managers & so on. Its strong processing capabilities which provide for real time insights is a valuable asset to any business that wishes to outperform its rivals. This could be by real time monitoring of machinery or targeted advertising in real time of a user on an e-commerce Website. Its unique patented technology has brought down the costs associated with big data by more than ten times to its closest competitor. This makes IQLECT ideal not just for big companies but micro, small & medium size enterprises as well.
– This is a startup profile based on publicly available material & not a review –
Image Credit: IQLECT
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