30 Fastest Growing Companies to watch 2018
There has been an exponential proliferation in data generation at the organizational level in the last few years. Hence there has been a need for tools to analyze these huge sets of data. Analytics deployment is critical at this juncture to a business for performing this kind of sophisticated analysis. The tools deployed have been increasing in efficiency in order to tackle huge data sets. These data analytics initiatives can reap huge revenues, improve operational efficiency and drive up product sales. With the changing and emerging market trends, analytics will give businesses a competitive edge. In such a scenario, integration of Artificial Intelligence is only natural. As organizations adapt and use AI in making decisions derived from analysis, itâ€™s given that there will be questions raised. But one thing must be noted; wielding data analytics will only empower us humans in making better decisions and not undermine us.
MATRiX ANALYTiCS is a derivative of Anil Bandari, founder/CEOâ€™s vision of harnessing the power of Advanced Analytics and Artificial Intelligence to help institutions in making expertly data-driven decisions. The company was founded in 2014 and since then MATRiX has gone through a remarkable growth. Being a data analytics company, it initially focussed on just financial solutions but in such a short space of time has graduated to retail and healthcare too in its list of verticals because of the immense amount of data available in these fields. The company is truly global as it works with multiple countries in different continents.
Humble Beginnings and a big break
MATRiX as a startup had its fair share of challenges. They had to compete with big names on proposing the right kind of like-minded people to work with them. MATRiX got mixed responses initially during their client engagements. Since all the banks have an approved list of vendors their senior management and decision makers want to go with, they had to convince institutions to give them the opportunity to show their skills and potential in data analysis. Facing these challenges head-on gave them the confidence to grow stronger as an organization.
The companyâ€™s first project rollout was with one of the largest banks in the country. They were pitted against pretty big names in the industry but the bank went with MATRiX ANALYTiCS. In that very project, they exceeded the expectation of the bank and that made them a hit with the bank internally. The success even prompted the bank to demonstrate the value of Machine Learning and AI across the various departments within the bank. This first success morphed into a long-term partnership with the bank and today MATRiX works on multiple projects with this bank on a regular basis.
Ace Services Offered
MATRiX uses cutting-edge methodologies and custom builds solutions to cater to the requirements of their clients. Their modeling practices have evolved over time. Their newer models have been 90% more accurate when compared to the predecessor modeling solutions. Their wide variety of algorithms and methodologies are based on the specific objectives of the clients or optimization services that can significantly increase their performance.
MATRiX ANALYTiCS in the financial vertical provides advanced analytics in the SME space that leverage the conventional and alternate data sources. The data is considered for strategy optimization, experimental design in strategy monitoring. This data is transformed into expert decisions for all these SMEs across the globe. The solutions provided by the company facilitate and fulfill dreams of so many people.
In healthcare, MATRiX is researching the use of Bayesian and machine learning algorithms to detect significant genes in the RNA sequence and protein expression level. This analysis can be used to detect anomalies in the RNA sequence and test possible treatments for curing these anomalies.
For the retail space, the company provides inventory optimization based on their proliferation of optimization work they do in the financial industry. They also recommend systems to use, solve transportation problems and offer customer analytics to improve sales.
Industry leaders in time
The company, equipped with the required rigor and determination is destined to grow multiple folds. In the coming years, the company will play a significant role in providing custom analytics to various Banks and businesses in retail and pharma verticals of domestic and also international markets. MATRiX is definitely going to be a leader applying Data Science and Artificial Intelligence in retail, healthcare and finance verticals through innovation.
Visionary with a glittery past
Anil Bandari, Founder/ CEO of MATRiX ANALYTiCS CORPORATION
Before MATRiX, Mr. Bandari was the Head of Global Modelling and Risk Analytics of Citi Bank for seven major markets (Australia, Singapore, Hong Kong, India, Malaysia, Thailand and Vietnam). He was the Director in Global Credit & fraud Risk Management with the bank based in New York. His extensive field of expertise is in the fields of Data Science, Artificial Intelligence, Transaction Analytics, Genetic Algorithms, Signal Processing, Credit and Fraud Risk Modelling, Strategy Optimization and Customer Analytics. He is a passionate entrepreneur with over 25 years of experience in various leadership roles.
â€œMatrix Analytics works across industries to empower businesses to make better decisions.â€
â€œWe strive to integrate our state of the art best practices with industry solutions to deliver optimal custom analytics solutions to clients.â€
â€œOur priorities are to deliver quality and efficiency. We work very closely with our clients in both development and deployment processes.â€