Subex, a pioneer of Digital Trust, announced a partnership with Snowflake, the Data Cloud company, to bring the power of AI-driven Augmented Analytics to enterprises. Subex, through its Augmented Analytics platform, HyperSense, and Snowflake will combine competencies to enable enterprises to accelerate their data analytics journey and realize the true value of their data.
Subex's HyperSense is an Augmented Analytics platform that helps organizations enhance innovation and growth across businesses through AI-driven decision analytics. It increases productivity and efficiency through a drag & drop function and does not require coding expertise to build analytics models. It enables business users to evolve into citizen data scientists and delivers quick ad-hoc use cases. Through the partnership, Subex and Snowflake aim to bring accelerated efficiency and agility to enterprises and help them innovate and create greater value for their businesses.
Research shows that 87% of organizations have low Business Intelligence (BI) maturity and adoption rate of only 30% across all its employees. Organizations are not able to fully maximize the benefits of data analytics in such a scenario due to multiple reasons such as high investment requirements, lack of the right skillsets, security, and compliance, and data silos. To solve these challenges and accelerate the adoption of AI within the enterprise community, Subex's HyperSense platform with Snowflake's Data Cloud aims to organize and secure data in the cloud and make it AI-ready.
"Data has become the most useful asset for any organization, and how they utilize it to generate maximum value for everyone in the value chain is going to differentiate any datadriven organization from the rest. The vision of the partnership between Subex and Snowflake is to change the way companies access and explore their data. Snowflake's Data Cloud is mobilizing data globally. We believe that partnering with Snowflake provides us with an opportunity to access a much wider decision analytics market.
The objective of this partnership is to bring data science closer to the business by democratizing AI and increasing adoption of BI, enabling a process automation layer, and a selection of pre-built reference use cases. We are excited to join hands with Snowflake to deliver exponential value to our customers.", said Suresh Chintada, Chief Technology Officer, Subex.
Vimal Venkatram, Snowflake's Country Manager for India, said, "Snowflake's vision is a world with unlimited access to governed data so that every organization can tackle the challenges and opportunities of today and reveal the possibilities of tomorrow. Snowflake's Data Cloud unique capabilities combined with Subex's HyperSense platform will provide enterprises with a cohesive automated suite to ensure users harness the full potential of AI across the entire data value chain. Our customers will be able to unite their siloed data, securely share governed data, and execute diverse analytic workloads. Through the partnership with Subex, we look forward to helping every business become data-driven".
Shares of SUBEX LTD. was last trading in BSE at Rs.53.6 as compared to the previous close of Rs. 50.8. The total number of shares traded during the day was 3184575 in over 10270 trades.
The stock hit an intraday high of Rs. 54.25 and intraday low of 49. The net turnover during the day was Rs. 166589819.