Tag Archives: AI driven

Analytics Adoption: ‘Precanned insights’ vs ‘Real-time insights’

Organizations have lots of data, reports, and insightful dashboards but are they actionable? How easy for the organization to leverage insights from Dashboards?

Max is disappointed with the insights provided by Julie. Alex said he will talk to the Dashview team to build the reports quickly.

The Dashview needs 2 more days to build the reports.

Alex volunteers to fix the meeting with the FLASH team the next day.

Team FLASH demonstrated FLASH to Max and his team. Max was stunned to see that FLASH not only generated the insights quickly but the insights are real-time insights.

FLASH can power your decision making as well. What are you waiting for? Contact the FLASH team @ info@genisights.com or visit the website https://flash.genisights.com/

Conversational AI-powered business intelligence suite -FAST Launch Event

geniSIGHTS is proud to announce the launch of FAST(FLASH As Service Tuned)! FAST is an artificial intelligence-powered business intelligence suite designed to help small and medium enterprises perform data analytics through voice-powered dynamic query solving.  The tool is an effort from geniSIGHTS to make analytics accessible to entrepreneurs even with a tight budget.

FAST was launched as a virtual event by Lakshmi Narayanan, Emeritus Vice-Chairman, and former CEO of Cognizant. In his address, he pointed out the importance of ease of use and seamless software installation for the rising demand for data-driven tools. Impressed by the new benchmarks established in analytics platforms and the delivery of insights through BI tools with voice commands, he stressed on the user’s demand for independent setup without involvement from support teams which FLASH aims to provide for modern technology-driven organizations.

Check out our feature on TOI:
https://timesofindia.indiatimes.com/business/india-business/genisights-startup-launches-ai-powered-business-intelligence-suite-for-small-businesses/articleshow/77238910.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Check out our feature on UNI:
http://www.uniindia.com/~/covid-19-ai-powered-business-intelligence-suite-launched-for-smes/States/news/2099769.html

FAST is a focused solution on SMBs that comes as ‘A Do It Yourself kit’ from the FLASH team to jumpstart world-class AI experience in 30 seconds. At this lightning-fast set-up time, the conversational tool FAST provides customizations at the hands of the decision-maker on KPIs, Charts, etc. FAST renders actionable insights and views to the business user. The AI also suggests the type of charts and what level of detail is required for the business user. The users then can further upgrade/downgrade the features according to the AI learnings for the program to tune into the user’s choice. Now that’s the truly world-class platform genISIGHTS has built for small businesses.

FAST gives leaders the ability to analyze business performance with advanced AI capabilities especially during these testing times with the COVID-19 pandemic causing economic and global distress. The setup is seamlessly designed to avoid the need for any external support. It not only visualizes your data but can also render real-time actionable insights from your data with AI-based algorithms. For businesses that need to adopt data-driven strategies in uncertain times, we created FAST as a solution that is the need of the hour.

FAST is built on the geniSIGHTS flagship product ‘FLASH’ which was launched two years ago as an enterprise model and has served many large organizations in the US and India. FAST is a subscription model improved from FLASH, utilizing its advanced analytics algorithms and machine learning ability and simplifying the process of installation. Lalit Kumar, who is among the first users of our product, and heads the statistics department within the quality function in Renault Nissan Technology and Business center India addressed everyone in the launch, communicating how FAST has helped his organization handle data from different sources. It streamlined the data into a dashboard with actionable insights for the management, available at a quick glance.

We were glad to have with us Pat Krishnan, an entrepreneur, and visionary from the Bay Area, with a proven track record of creating value through innovative ideas. He has been a significant part of our journey as a customer, an advisor, and now an active partner for our business expansion for FLASH in the US. Pat in his address appreciated the contribution of the geniSIGHTS team, who helped him conceptualize disruptive business strategies by the use of advanced data analytics. He also shared his strong belief in conversational AI and its contribution to enhancing the customer experience.

Our power team was represented by our Founder and CEO Rajesh Kumar, Co-founder and CAO, Parvathy Sarath, and our Marketing Head, Srividhya M. Rajesh, who was delighted with the amazing response to the launch invite, said that FAST has come at a time when the COVID-19 pandemic has impacted businesses significantly. The thought behind the product was to assist organizations that are looking to save operational costs and use agile insights to drive business decisions. Parvathy, who is the brain behind the success of the project, in her crisp demonstration showed how FAST can be set up in minutes and guide businesses with actionable insights powered by advanced analytics.

FAST features:

  • Cloud-based subscription model

  • 30 seconds setup with no additional support required

  • Custom KPIs and metrics

  • Conversational AI for insights at the speed-of-your-thought

  • AI-based actionable insights to adapt to your business

  • Impressive visualization techniques to understand your data

FAST is an AI-driven conversational BI suite designed to make advanced analytics accessible to small and medium enterprises at an affordable price. A dashboard that brings to you analytics at the speed-of-your-thought!

If you missed the web-launch you can click here

Contact us at info@genisights.com or log on to https://flash.genisights.com/ and request a demo today!







Feature Corner- Transforming the Digital Banking Landscape

Digital technologies have been helping banks and financial institutions to seize new markets, grow the business, and cut costs by providing a competitive advantage.  We see tremendous changes in the banking and financial services industry impact businesses and in an attempt to seek insights from business leaders from the industry, our Co-Founder and SVP Mr. Sridharan J. S has a conversation with Mr. Palani Balasubramanyam Nama, Head of Open Innovation and Digital Transformation, Societe Generale, who has over 21 years of experience working with Innovation & IT divisions of Investment Banks, Financial Institutions and European/American Multinationals, about the state of AI and other technologies in banking, in our exclusive ‘Feature Corner’.  As the Head of Trade Execution, Palani is also accountable for the IT & OPS team ensuring on-time and secure trade execution across global exchanges, efficiently from India.

Sridharan – Being in the banking industry for more than a decade, tell us how banks fostered innovation before COVID and how the perspective has changed during this situation? 

Palani – Pre COVID-19, innovation in banking was more focused on internal optimization, focused increasing digital footprint for efficiency, or improving customer journeys.

COVID has compelled to accelerate the adoption of contactless service delivery for customers, at a rapid pace. This constraint forced banks to partner with external eco-system for rapid transformation, to provide neo banks equivalent digital experience for customers. Apart from service channels, there is quite a bit of investment being done on employee experience, like enabling them to work from home, across multiple secure digital channels and collaboration tools.

Sridharan – Approximately what percentage of spend, do you know of, that banks spend on IT costs annually? 

Palani – Large banks spend between 5 to 10%, small & medium banks spend between 20 to 30% of their total spend on IT costs.

Sridharan – Approximately What percentage of banks’ transactions or what areas are automated?

Palani – Above 70% of P2P transactions are automated, however, B2B transactions hover between 30 to 40%. B2B transaction STP % is catching up in the recent past with the evolution of Machine Learning & Smart Automation.

Sridharan – As more devices connect to the internet and the concept of the Internet of Things gaining rapid momentum, what are the preparations banks are involved in the rapid increase in equipping themselves with the huge amount of data generated from the devices?

Palani – BFSI has been slow in the adoption of IoT before COVID, given security threats and central bank regulations. However, post-pandemic, banks are more open to adopting digital channels to deliver contactless & remote client experience.

This unprecedented disruption has increased data volumes multifold. Most of the banks have established internal data analytics teams to address basic data processing needs. Despite interest in partnering with external partners, there are roadblocks to be addressed before it can become reality, especially around secure data sharing, multiparty computation & adherence to regulatory norms (GDPR).

Sridharan – Data, being the most important factor for the digital transformation for banks, what technologies are used to leverage data to meaningful insights for smarter decisions?

Palani – Large BFSI enterprises have multiple tech stacks based on needs. However, they have well defined IS strategies guiding the usage of tech stacks based on problem patterns being addressed.

While exploring partnerships with tech giants like ORACLE, Teradata, or IBM, there is an intrinsic push to adopt opensource tech stacks, to ensure open standards and cost optimization.

Sridharan – Do you think banks are struggling with the rapidly changing technological landscape in terms of which technologies to adopt and which ones not to? 

Palani – It is a challenge to keep up with fast-paced Technology landscape evolution for any organization. It is more complex in BFSI given constraints around tech choices to be made keeping in mind the security and reliability of services. In BFSI, business capabilities and security take precedence over technology grandeur. 

There are few instances of large banks partnering with external partners to disruptive technology transformation, however, results so far haven’t been very encouraging. BFSI transformations demand as business acumen and technology expertise. External partners tend to be good at technology expertise, however most of the time they lack business acumen.

Sridharan – AI has been long seen as the next big thing in the banking and financial industry be it in the area of planning, cost-saving, customer experience, fraud prevention, or anti-money laundering.  What do you see as the future of banking given the exponential growth in IoT devices, cloud computing with Artificial intelligence capabilities?

Palani – AI, so far has been capable of helping in raising proactive alerts, simplifying decision making, and processing of large datasets. however, it is far from autonomous process execution or decision making, which limits the full-scale unsupervised deployment of AI-driven process flows, which in turn would help increase the straight-through processing rate.

Necessity is the mother of invention. Pandemic has increased BFSI’s appetite to adopt technologies like IoT, Cloud computing, and AI. The exponential growth of these technologies should be complemented by the rapid hardening of enterprise cybersecurity strategies, without which, banks may be hesitant to leverage the full potential of emerging technologies.