Chase to mine gold from analytics

Data analytics and what is known as ‘big data’ have opened diverse opportunities for the information technology industry. While the niche segment has already started seeing attraction from investors, three senior executives of IT services firm MindTree have moved on to start a new company, Flutura, focusing on analytics.

The co-founders — Derick Jose, Krishnan Raman and Srikanth Muralidhara, who quit MindTree in December – have made it clear that Flutura would focus on providing a platform for companies to analyse huge amounts of data and make use of this for better business outcomes. To steer then in this entrepreneurial journey, they have the backing of the huge experience in managing the analytics and business intelligence practice of MindTree. Jose, a vice-president at MindTree, was heading the analytics division. Raman was general manager and head of MindTree’s global business intelligence practice. Muralidhara was head of CPG analytics and business intelligence delivery. “We were with MindTree for around 10 years and then we decided to move on, as there was a common goal for us. ‘Big Data’ is a game changer from multiple dimensions. From a customer angle, it provides opportunities to companies to create more revenues by increasing efficiency,” said Raman, now chief executive officer at Flutura.

Big Data is a general term to describe the voluminous amount of unstructured and semi-structured data created and generated by enterprises. The storage and mining of these’big’ data not only take too much time but also require huge investment towards buying storage. Corporate leaders say if analysed and mined properly, the data would be immensely beneficial for them in identifying new trends.