Wipro builds big data analytics platform on IBM Bluemix
Wipro, a leading global information technology, consulting and business process services company, today announced it is delivering analytics-based insights for specific industries with the Data Discovery Platform, its newest big data analytics-as-a-service solution.
Built with IBM BigInsights and IBM dashDB and developed on Bluemix, IBM's cloud platform, the solution accelerates insight-driven decision making through pre-built applications for specific industries, such as banking and financial services, retail, energy, education and manufacturing.
In many organisations, internal and external data exist in silos across the company, making it difficult and expensive to collect and analyse. The Data Discovery Platform helps businesses unlock the true value of their structured and unstructured data to deliver insights customised to the customer’s industry sector.
Wipro and IBM developers collaborated on the solution which is available in an outcome-based ‘pay-per-insight’ cloud delivery model. It has been customised for a number of specific industries and their associated overall processes, including:
• Banking and financial services to reduce customer attrition, forecast sales volume, segment customers, create revenue models and predict claims subrogation
• Education to improve graduation rates by identifying positive and negative academic and non-academic influencers and creating student risk profiles
• IT to monitor data operations and predict batch delays and failures in real time
• Energy to detect anomalies, predict fraud and profitability in energy trading
• Marketing to automate, configure and integrate social feed monitoring
• Manufacturing to measure the health of individual assets and develop predictive maintenance schedules
• Mining to predict maintainability of assets and reduce risks in work environments
• Retail to understand customer behaviour inside stores using WiFi logs and iBeacon traces, recommend product bundling and identify factors influencing store performance.
The Data Discovery Platform offers a unique value proposition driving an accelerated time to market for insights, resulting in augmented and better decision-making. The solution's modular, approach, coupled with machine learning, natural language processing, visualisation and stream computing capability enable flexible and scalable responses to dynamic business requirements.
“Today’s businesses, without exception, have to be disruptive. Wipro’s Data Discovery Platform, built on IBM’s Cognitive and Cloud Platforms offers clients immediate access to insights giving them a competitive edge. IBM and Wipro are working together to help our customers discover the value of their existing data while leveraging leading-edge cloud and cognitive technologies,” said Pallab Deb, Vice President & Global Head - Analytics, Wipro Limited.
“As businesses transition into cognitive enterprises, it is not enough to simply leverage big data platforms. Companies need to generate true, business changing insights that can pull data from wherever it might be stored,” said Stephen Crain, Business Unit Executive, Global System Integrators, IBM. “By incorporating IBM BigInsights and IBM dashDB into Wipro’s Data Discovery Platform, Wipro clients will be able to accelerate their transformation into cognitive enterprises.”
In October 2015, Wipro and IBM announced a collaboration wherein Wipro would use the IBM Bluemix cloud platform for the agile creation and deployment of mobile, analytics and machine learning solutions for clients around the world. The Data Discovery Platform is one of the solutions from Wipro to be built on the Bluemix platform.
Beyond Limits: Cognitive AI in APAC
Courtesy of current estimates, it looks like Asia-Pacific AI will be worth US$136bn by 2025. Its governments and corporations invest more money than the rest of the world in AI tech, the data of its citizens is considered fair game, and its pilots are small-scale and, as a result, ruthlessly effective. This is why, according to Jeff Olson, Cognizant’s Associate Vice President for Projects, AI and Analytics, Digital Business and Technology, the APAC region ‘is right on the edge of an AI explosion’.
Now, startup Beyond Limits is pushing the boundaries of what AI can do, mirroring humans in its ability to find solutions with even limited information. As of this July, it’s partnered up with Mitsui, a global trading and investment company, to expand its impact in APAC.
How Does Beyond Limits Work?
Most AI companies claim that they can help businesses make better decisions. But many need astoundingly large stores of data to feed their information-hungry algorithms. Beyond Limits, in contrast, takes a different tack. Perfect data, after all, is largely a pipe dream kept alive by PhD students. In reality, systems must often make decisions from small, incomplete sets of intel.
But Beyond Limits’ AI is no black box. ‘When little to no data is available, Beyond Limits symbolic technologies rely on deductive, inductive, and abductive reasoning capabilities’, explained Clare Walker, Industry Analyst at Frost & Sullivan. While making these leaps in logic, however, the system also keeps track, ensuring that humans can review the AI’s ‘thought process’.
Why Partner With Mitsui?
Beyond Limits is built for specific applications such as energy, utilities, and healthcare—but lacks the extensive industry network of Mitsui. Partnering allows Beyond Limits to access a portfolio of firms specialising in minerals and metals, energy, infrastructure, and chemicals. ‘We’ve been working on this deal for several years’, said Mitsui’s Deputy General Manager Hiroki Tanabe. ‘Mitsui’s global portfolio and Beyond Limits’ AI technology will...deliver impact’.
In the first test of that dramatic statement, Liquified Natural Gas (LNG) will soon deploy Beyond Limits’ new system. If everything goes according to plan, LNG will optimise how it extracts and refines energy, making money for both itself and investors—including Mitsui. This, in fact, is Mitsui’s strategy: go digital and don’t look back.
Why Does This Matter?
Forty-five percent of Asia-Pacific companies surveyed in Cognizant’s thought leadership ebook consider themselves AI leaders. Positivity bias, that oh-so-common tendency of humans to position themselves as above average as compared to others, strikes again. (Most small companies fail to launch successful AI projects on their own.) And partly, this is because firms fail to integrate AI with industry expertise.
‘A large part of the focus on talent for AI today has been getting the people who are strong in mathematics, AI, and technologies’, said Olson. ‘But where you make your money out of AI projects is when you apply them to your business’. In short: APAC nations looking for ways to bridge the gap might follow Beyond Limits and Mitsui’s playbook—coupling startup AI with a corporate network.