In order to arrive at a well-informed decision or assessment, policymakers need a lot of wisdom, reasonable judgments, and intuition. Initially, companies took choices based on factors such as know-how and intuition. As the global market evolves and the rapid digital transition occurs, together with stable solutions and technology that help businesses, decision making now relies exclusively on analytics, data, reports, and records against traditional intuition. Big data analytics was an important disclosure for companies as it strengthened corporate principles.
IQLECT builds a cost-efficient, ready-to-use big data analytics platform in one converged real time. This platform makes big data analytics easy and affordable for everyone in real time. The main objective of the company is to democratize in-time data analysis, providing software-as-a-service or converged unified boxes as hybrid clouds that are high performing and readily usable.
Big data analytics startup IQLECT has raised a $2.5 million bridge in order to add a team of leaders in Bangalore, India. The company is funded by the new investor Ventureast and existing investor Exfinity Ventures. The startup raised a $2 million round in July 2015 from Exfinity Ventures. IQLECT's headquarters is currently shifting to San Jose and will add go-to-market and technological talent in the U.S. as well. The startup provides product solutions for software-as-a-service (SaaS) to industries, including infrastructure, electronic businesses, and security. They use technologies like artificial intelligence, machine learning, in real-time interaction, segment events, data center solutions, and log analysis as well as predictive maintenance.
Pro account and MongoDB from IQLECT monitors app extracts and offers teams with lots of data. The app also has built-in dashboards, charts, key insights, and analysis.
Real-time analytical applications from IQLECT enable operational intelligence, ideal for data-driven organizations aimed at improving their operations and customer participation. The company has launched a larger scale of its proprietary BangDB and NoSQL database.