Naviz Analytics on Saturday announced the launch of a business intelligence (BI) research and development lab in New Delhi and said it plans to create over 500 jobs by 2018.
The business intelligence product and services company currently caters to Fortune 500 firms and is engaged in multiple analytics projects of clients in US and India.
Telangana IT Secretary Jayesh Ranjan formally launched the services at Naviz's premises in Madhapur, a company release said in Hyderabad.
The company said it was first such BI research and development lab in the country. Jagan Chitiprolu, Chairman and CFO, and Shashi Koteshwara, CEO of the analytics company, were present on the occasion.
Chitiprolu said "We realised Hyderabad is the place for technology hub with high value and low-cost human resources. Hence, we decided to construct a dedicated offshore BI R&D lab at Hyderabad.