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Flatworld Solutions Inc, a US-based company that has laid the foundation of being a provider of back office services for the last 15 years, signed a strategic partnership with Quadratyx, a rapidly growing Data Science and Artificial Intelligence company with specific products and teams built to automate key back office functions that would not replace human capital but enhance the efficiency of people interacting with machines.
Flatworld Solutions Inc., along with its associate India Company Flatworld Solutions Pvt. Ltd. gained inroads into the global market with the experience of servicing customers including banks, universities, and corporations in over 100 countries. Till date, 14 unique services and over 9000 customers are leveraging the Flatworld advantage.
Quadratyx on the other hand was founded by one of the pioneers of 'Artificial Intelligence and Machine Learning applications'. The power to complement, utilize and unionize strengths in the international market with vibrant ML (machine learning) and AI (artificial intelligence) leadership available right here in India, is what drew these two companies into a strategic partnership.
"As a company practice, we begin by identifying customer problems that need resolving and then customize our platform and products for them accordingly; thus taking them on a transformational journey of becoming a data driven decision making organization. We identify where data resides, bring silos of data together, put them all together in lakes and then the magic happens of enabling our customers to see what they have never seen," said Jacob William, President and Group CEO, Flatworld Solutions.
"Some of the real life applications that this "strategic partnership" offers include providing intelligent solutions in crime prevention for cities, fraud detection for banks, bringing efficiency to the Insurance industry, reducing loan processing times for mortgage companies, image recognition for advertising companies, solving supply chain problems by using predictive models etc." he further added.
"With this partnership, robotic process automation will no longer be a futuristic fantasy, but a present day reality. Moreover, re-tooling and re-skilling through Big Data and Data Science training will also become a reality to companies worldwide. This venture will also make applying 'artificial intelligence and machine learning applications' in the context of back office processing, possible," said Dr. Sreerama Murthy - CEO & Chief Data Scientist, Quadratyx.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)