vPhrase Wins Coveted CIO CHOICE 2019 Honour & Recognition in Business Intelligence
Mumbai, India – January 11, 2019 – vPhrase has been conferred the CIO CHOICE 2019 Honour and Recognition as the most preferred brand in the Business Intelligence category at the CIO Choice event organised by CORE Media and attended by over 300 ICT leaders.
The recognition is bestowed on the basis of pan-India independent voting by CIOs with a distinguished Advisory Panel, comprising of CIOs from across verticals, that guides the entire process, with KPMG as the Knowledge Partner.
vPhrase Analytics Solutions’ AI platform is used by companies like Unilever, HDFC Bank, Abbott, Sony Entertainment, Kotak Bank, ICICI Lombard Insurance and Motilal Oswal Securities. The platform summarises data into a few bullet points. It makes reports easier to understand by giving actionable insights in words, helping managers take data-driven decisions. vPhrase’s platform uses its novel technology to automate and add value to performance reports, customer statements and financial reports, to name a few. In the last one year vPhrase has launched a bunch of new products on top of its AI platform, out of which one acts a narrative plugin on top of modern BI platforms like Tableau, Qlik and Power BI, other creates insightful videos and another one is a smart data exploration tool with Natural Language Generation capabilities.
Recently, vPhrase was also awarded the title of The Most Innovative FinTech by IFTA (India Fintech Awards).
Neerav Parekh, vPhrase’s founder, said “We always knew that our AI product brings significant value to the table for large enterprises. That’s the reason why we have the largest bank, the largest general insurance company and the largest FMCG company as our clients. Being selected as the best Business Intelligence platform in the market by the CIO community is a strong vindication of our belief. Companies want actionable insights with minimum effort and that’s what our platform provides by giving a few insightful bullet points from huge datasets. We are happy that our cutting-edge technology has the backing of the sharpest minds in the tech business.”
Business intelligence focuses on leveraging data processing and consolidation to retrieve information for decision making. For many companies, new technologies are causing data overload, leaving decision makers overwhelmed with inadequate, incorrect, inconsistent and misleading information and hence the use of Business Intelligence platforms has become profound. According to Markets and Markets, the market for Business Intelligence is said to touch 27 Billion by 2021. Augmented Analytics provided by vendors like vPhrase adds to the capabilities of traditional BI platforms and is in great demand.
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vPhrase Analytics Solutions Pvt. Ltd. contact details:
+91 99208 23666
CORE Media contact details:
+91 22 4225 6500