Subex soars over 13 per cent on partnering with Snowflake
Analytics solutions provider, Subex Limited on Thursday announced that it has partnered with Snowflake, a data cloud company to bring the power of AI-driven augmented analytics to enterprises.
Subex, via its augmented analytics platform, HyperSense and Snowflake will combine competencies to enable enterprises to accelerate their data analytics journey. HyperSense is an augmented analytics platform that helps organisations enhance their innovation & 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.
Research shows that 87 per cent of organisations have low business intelligence (BI) maturity and adoption rate of only 30 per cent across all its employees. Organisations are not able to fully maximise the benefits of data analytics in such a scenario due to multiple reasons such as high investment requirements, lack of the right skill set, security, 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 organise & secure data in the cloud and makes it AI-ready.
At 2.04 pm on Thursday, the shares of Subex Limited were trading at Rs 60.85, up by 13.53 per cent or Rs 7.25 per share, against a 0.45 per cent gain in the benchmark index. The 52-week high of the company is recorded at Rs 62.20 while its 52-week low is Rs 3.59 on BSE.