Lymbyc Announces Strategic Implementation Partnership with LTI
by Shrutee K/DNS
Mumbai, 28th May 2018: Lymbyc Solutions
Pvt Limited, one
of the country’s leading-edge innovator and Artificial Intelligence-based
analytics solution provider, announced that it has partnered with Larsen
& Toubro Infotech (LTI), a leading global technology consulting and digital
solutions company. The two companies signed a Memorandum of Understanding to
tap the growing shift in market demand from an IT-led, system of record
reporting to business-led, agile analytics, including self-service.
The partnership will focus on enabling
analytics solutions and digital transformation initiatives of global customers
through jointly developed industry-focused offerings. They will together
deliver AI-powered, unique, end-to-end real-time solutions across sales,
marketing, and commercial operations across business verticals such as
Pharma/Life Sciences, CPG, media & entertainment, retail/e-commerce and
consumer banking.
Lymbyc, with its cutting-edge AI
Insights Platform, hopes to leverage LTI’s offerings in the cognitive analytics
space and their Mosaic big data platform to fulfill the organization’s
requirements for accessibility, agility and deeper analytical insight. LTI is
present in 27 countries across the world and has helped over 250 clients in
converging their physical and digital worlds, while Lymbyc has several clients
across India, the US, the UK, Singapore and the Middle East.
Soumendra Mohanty, EVP, and Global Head, Data and
Analytics, AI & Cognitive, IoT, Automation, LTI, says, “We found Lymbyc’s
concept of “virtual analyst” and NLP capabilities led offerings very complementary
to our offerings in the cognitive analytics space. This partnership will
strengthen our value propositions at the convergence of physical and digital.”
Satyakam Mohanty, CEO & Founder,
Lymbyc Solutions,
says, “We are thrilled to have LTI on board as this alliance provides a unique
collaboration opportunity and ability to offer joint innovation to our
customers and strengthen our global reach. As a leader in providing digital
technology solutions to organizations around the world, we value LTI’s
experience and the service options they provide and look forward to delivering
end-to-end real time analytics solutions to customers.”
Self-service analytics and Business
Intelligence will produce more analysis than data scientists. By 2020, the
number of users of modern business intelligence and analytics platforms that
are differentiated by augmented data discovery capabilities will grow at twice
the rate — and deliver twice the business value — of those that are not,
according to Gartner. It also forecasts that predictive and prescriptive
analytics will attract 40% of enterprises’ new investment in Business Intelligence (BI) and analytics, which means that
the enterprises will spend more on AI-driven data science platforms compared to
traditional BI.
About
Lymbyc Solutions Pvt. Ltd. Lymbyc https://www.lymbyc.com/ (previously known as Ma Foi
Analytics) was founded in 2012 to build robust analytical products that melded
advanced technology, and strong data science and insights foundations, to
empower the business leader at the point of decision making. Headquartered in
Bangalore, Lymbyc has served varied clients across India, the US, the UK,
Singapore and the Middle East. Founded by SATYAKAM MOHANTY, Lymbyc is the ‘world’s
first virtual analyst’, bringing to life his core mission of creating a
platform to extend the insights domain beyond tools for analysts, to
approximate the human analyst themselves.
About
LTI: Larsen & Toubro Infotech (NSE:
LTI, BSE: 540005) is a global technology consulting and digital solutions
company helping more than 250 clients succeed in a converging world. With
operations in 27 countries, we go the extra mile for our clients and accelerate
their digital transformation with LTI’s Mosaic platform enabling their mobile,
social, analytics, IoT and cloud journeys. Founded 20 years ago as a subsidiary
of the Larsen & Toubro group, our unique heritage gives us unrivaled
real-world expertise to solve the most complex challenges of enterprises across
all industries. Each day, our team of more than 20,000 LTItes enable our
clients to improve the effectiveness of their business and technology
operations, and deliver value to their customers, employees and shareholders.
Find more at www.Lntinfotech.com or follow us at @LTI_Global
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