Mukundan NC, Varun Aggarwal, and Yatish, all came with the revel in of working with companies, in which they built tech merchandise from scratch for business enterprise agencies, like genuine geeks. In 2014, they had been joined by using Prasanna Deshpande and that’s whilst their endeavour to begin some thing in facts commenced.
geektree-founders-statistics-analyticsHaving faced a few real troubles in records visualisation at the same time as operating for MNCs, the geeks saw it as a actual problem and, eventually, an opportunity to work on. The idea turned into simple: to remedy the problem of getting access to and analysing business facts with a simple Google-like seek interface. With companies going through a useful resource crunch, optimisation is a key metric for their fulfillment – and optimisation comes via analytics.
Launched in April 2015, GeekTree works in the discipline of descriptive analytics – it analyses the incoming data, such as income information, marketing patterns, increase metrics of the organisation among other matters, and creates dashboards for an less complicated visualisation of the trends. After all, real-time graphics are worth 1000 phrases.
Making Data Accessible To All, The GeekTree Way
Imagine being in a board assembly with ‘n’ variety of excel sheets and data sets. Everyone has their own metrics and parameters once they gift their facts. It is bound to create chaos and not each person is familiar with facts and its management. Problems show up while anyone walks right into a assembly with their personal set of spreadsheets and records that can cause repeated cycles of conferences, delay in decisions and, in the end, the focus shifts from the real commercial enterprise trouble to the issue of facts control.
GeekTree turned into began with an idea of making a imperative repository of a corporation’s information from diverse assets. The sources could include Excel/CSV, relational and non-SQL databases like Salesforce, Zoho, Freshdesk and so forth. What it in addition permits is the utter simplification of records, where companies the use of GeekTree’s proprietary software Avyuh can enter commands in easy normal language, talk with the software, ask questions and create reviews as well.
Machine mastering-enabled Avyuh is a seek-pushed, self-provider analytics tool. I.E. You may direct questions to your records in the shape of regular communication. For e.G., if one is the use of the software and enters a query like “Give me the income statistics for the last 2 months,” this seek query acts as a filter for the agency’s statistics and Avyuh will right away enable the consumer to view the income information for the asked term, in a graphical shape.
As part of processing, it can derive relationships between columns, can propose correlations throughout more than one information resources if wanted. For instance, when you have the employee facts to your SQL database and sales information in SalesForce, you may import from each the assets, and Avyuh would be able to correlate income metrics from SalesForce and the employee ID from SQL table.
The organisation’s solutions enable customers to apply ordinary commands to teach machines at the same time as empowering machines or software program programs to apprehend and reply back. Furthermore, it additionally allows users to change comparatives, fields, calculate average and percent of the desired statistics units. Dashboards may be generated out of the collated records for frequent consumption.
Building An Affordable BI Suite
The business enterprise’s target market consists of small- to mid-stage businesses, those which might be looking for data optimisation and a imperative technique that smooth out any discrepancies when it comes to handling the employer’s varied information sets.
Yatish says, “While proprietary vendors promote BI (Business Intelligence) structures as fragmented products, shopping for all of the portions may also prove to be overly high priced. We constructed an open source commercial enterprise intelligence platform that offers more flexibility and scalability than branded alternatives. Our assignment is to democratise BI and take it from a few professional users to the operational managers – from frontline executives to the again-office team.”
The startup presently offers licensing fashions to its company clients – namely, a one-time price license with an annual renovation contract for in-premise deployment and a per user consistent with month subscription version on their cloud-based deployment.
The Beta model of Avyuh became released in September 2015 which, in step with the founders, garnered an excellent reaction from take a look at customers. The alpha version followed, which went stay in April 2016. Since then, the employer presently has three SME clients on board and claims to have generated $150K (INR 1 Cr) as sales inside the first yr.
Taking Data Analytics To Its Full Potential
As Yatish displays on his journey, he well-knownshows that the primary milestone was replacing SiSense, the arena leader in records visualisation and BI for one of their clients.
“That gave us lot of confidence that what we are constructing is certainly fixing a few urgent issues. We provide cease-to-end services (such as deployment and consultancy) to acquire this. In the background, it's miles our proprietary algorithms that recognize the facts and our flexible and scalable product architecture which enables us to achieve this in a scalable and value-powerful manner.”
The startup in addition plans to introduce chatbot integration on its platform and, the use of that, provide answers related to records in phrases of numbers, graphs, and insights. This will allow them to provide white-labelled answers where organizations want to reveal this analytics to their clients over chat. In the longer term, additionally they want to integrate summaries and offer possible solutions in terms of solving employer troubles the use of data. In an attempt to in addition its reach, it's miles deploying various techniques to boom its reach and visibility, including social media advertising and sales partnerships pan India.
Beating Competition With End-To-End Fulfilment
The BI space these days is crowded with personalisation gear inside the area of information analytics. In October 2016, Bengaluru- and US-primarily based statistics science organisation Impact Analytics secured $750K in a funding spherical led by means of Aarin Capital. There are gamers like IntelligenceNODE and Indus Insights which claim to offer visualisation solutions for companies to refine facts and make choices higher. Mix panel, App Annie, Alexa and a zillion extra are combating it out to be the weapon of desire of the analytics geek.
The startup globally faces competition from SiSense, whose clever business device no longer simplest works alongside the equal traces but additionally offers predictive analytics to further root out any ability problems.
When asked how GeekTree plans to conquer this market, Yatish replies, “The major elements on which we vary from other BI tools are consumer-friendliness, clean-to-deploy architecture, and a bouquet of commercial enterprise consumer interfaces to fulfill the various reporting and analytical desires of employees in any respect degrees.”
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GeekTree claims to be very person-friendly even for a non-tech worker and vouches on its easy interface to hook the person, when they begin the usage of Avyuh. As in keeping with Yatish, you will onboard GeekTree with only a couple hours of training. Additionally, it in addition claims to offer pricing modules which can be modelled preserving Indian MSMEs in mind. What differentiates GeekTree is its quit-to-end solution – right from statistics series and preservation to consultancy approximately records exploration, dashboards, and reports, specific to the needs of its customers.
With the upward push of large facts, the BI and analytics area is changing. More and extra enterprises are realising the energy of high-overall performance analytics. As in keeping with a report by Research and Markets, the descriptive analytics market is predicted to grow at a CAGR of 18.2% throughout the duration 2016-2022. Additionally, BI statistics startups garnered a investment of $2.26 Bn in 2016, as in keeping with this Tracxn document.
While one of a kind types of graphical representations are evolving, knowledge the records and summarising it to the exact answer that one is looking for is the real task. The key question each statistics analytics company wishes to reply is: “What actionable insight are we seeking to offer to the commercial enterprise proprietor which he, otherwise, could have omitted or misinterpreted? How will our insights growth the corporation’s productivity and increase?”
As they are saying, “First there is God, for the whole lot else there's facts.”
If players like GeekTree, Impact Analytics, and Indus Insights, among others, try and keep to clear up this ever crucial query, the world of descriptive analytics is theirs for the taking.