Year: 2019

Companies looking for large-scale opportunities to transform their business with analytics should consider Fractal

NEW YORK, June 27, 2019 /PRNewswire/- Fractal Analytics, a global leader in artificial intelligence and analytics powering decision-making in Fortune 500 companies, today announced that it has been named a leader among Customer Analytics Service Providers (CASPs) in the recent The Forrester Wave™: Customer Analytics Service Providers, Q2 2019 report, published by an independent market research company, Forrester Research.

“We’re delighted that we are named as a Leader in Forrester’s Customer Analytics Service Providers report,” said Pranay Agrawal, Co-founder and CEO of Fractal Analytics. “We have a clear mission, to help our clients create a billion-dollar value via AI and analytics. We believe that this latest recognition by Forrester validates our approach and testifies to the significant impact Fractal continues to make with some of the most successful brands in the world. We will continue to aim to transform our clients’ businesses with AI and analytics, and to power every human decision in the enterprise.”

“[Fractal Analytics] owns the Final Mile of analytics.” – The Forrester Wave™: Customer Analytics Service Providers Report (Q2 2019). “Fractal knows that customer analytics is only half the battle, while the other half is implementing the resulting insights in a meaningful way. Fractal invests a good chunk of its revenue into R&D, and the result is a slew of products that accelerate time-to-value, such as Customer Genomics, its continuously learning personalization engine.” Download the full report.

Forrester Research assessed each organization in the report on thirty-three different criteria for three categories, including Current Offering, Strategy and Market Presence. Within the three categories, Fractal has received the highest possible score in 20 out of 33 criteria. This included the criteria of Innovation & Transformation, Vertical Competencies & Experience, Personalization and Current Partner Ecosystem.

This report is among the recent analyst recognition of Fractal’s AI and Analytics capabilities. Fractal was also named:

(1) A strong Performer in The Forrester Wave™: Specialized Insights Service Providers, Q2 2018 and,

(2) An Honorable Vendor in Gartner’s Magic Quadrant for Data & Analytics Service Providers 2019.

Download the full The Forrester Wave™: Customer Analytics Service Providers, Q2 2019 report here.

About Fractal Analytics

Founded in 2000, Fractal Analytics is a strategic analytics partner to the most admired Fortune 500 companies globally and helps them power every human decision in the enterprise by bringing analytics & AI to the decision-making process.

Fractal has built several cutting-edge AI product startups within its ecosystem across industries, including:

• Qure.ai to transform how radiologists make diagnostics’ decisions. Qure’s qXR solution is the first AI-based Chest X-Ray interpretation tool to receive CE certification. Qure’s recently launched qER solution for interpreting head CT scans has been proven to have more than 95% accuracy in identifying abnormalities.
• Cuddle.ai to transform how executives make tactical and operational decisions. Cuddle automatically alerts users on what they need to know about their business and allows them to ask questions about their business in natural language.
• Trial Run to improve strategic and operational decisions. Trial Run is a cloud-based experimentation platform that enables companies across verticals to test, measure and refine strategies before rollout.

Fractal has more than 1,200 consultants spread across 15 global locations including the United States, UK and India. Fractal has been featured as, a Great Place to Work by The Economic Times in partnership with the Great Place to Work® Institute and recognized as a ‘Cool Vendor’ and a ‘Vendor to Watch’ by Gartner. For more information: www.fractal.ai 

NEW YORK, May 30, 2019 /PRNewswire/ — Fractal Analytics, (https://fractal.ai), a global leader in artificial intelligence and analytics, powering decision-making in Fortune 500 companies, today announced the return of its ai.nyc conference for a second consecutive year. The only industry event of its kind, ai.nyc is designed to help Fortune 500 companies from the CPG, retail, financial services, healthcare, insurance, and telecom industries learn how to better leverage the power of artificial intelligence to maximize business outcomes. The annual event will take place on Wednesday, June 5th, 2019, on the 64th floor of the One World Trade Center in New York City.

This year’s ai.nyc will focus on why AI, alone, is not enough to solve problems at scale. The ai.nyc speakers will dive into the recipe for scalable business problem solving, including robust AI, intelligent engineering and smart design, highlighting how the combination of human intelligence with machine intelligence is the most powerful solution to improve overall business performance, in any sector.

“Leading Fortune 500 companies know that AI strategies are needed in order to stay ahead of the competition,” said Francis Slavich, Chief Sales Officer, Fractal Analytics. “However, many business leaders are still not exactly sure how they should apply AI to reap the most substantial rewards. That’s where ai.nyc comes in. Our exclusive event will tackle head-on the most important AI business problems and set a benchmark for AI problem solving that will drive forward AI success, no matter the industry.”

Cathy O’Neil, author of The New York Times best seller – Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy, will be the keynote speaker. During the day, senior industry leaders will share how AI, engineering and design is enabling them to free up cognitive capacity to focus on important areas. Find out more about the agenda and the speakers here.

ai.nyc is part of a series of AI events hosted by Fractal Analytics. The series kicked off last year in New York, followed by ai.dxb in Dubai and ai.lcy in London. These collaborative events inspired great insights among the Fortune 500 attendees from a wide range of industries. With interesting speakers such as New York Times Best Selling authors, Martin Ford and Kenneth Cukier, Fractal’s AI events have mastered the art of exploring how businesses can better leverage AI to better drive decisions. Past events have been featured on The Wall Street Journal, Computer Weekly and in an IDC report.

To review the full agenda and complete list of speakers for ai.nyc, or to register for the event, visit: https://fractal.ai/ainyc2019/

About Fractal Analytics

Founded in 2000, Fractal Analytics is a strategic analytics partner to the most admired Fortune 500 companies globally and helps them power every human decision in the enterprise by bringing analytics & AI to the decision-making process.

Fractal has built several cutting-edge AI product startups within its ecosystem across industries, including:

• Qure.ai to transform how radiologists make diagnostics’ decisions. Qure’s qXR solution is the first AI-based Chest X-Ray interpretation tool to receive CE certification. Qure’s recently launched qER solution for interpreting head CT scans has been proven to have more than 95% accuracy in identifying abnormalities.
• Cuddle.ai to transform how executives make tactical and operational decisions. Cuddle automatically alerts users on what they need to know about their business and allows them to ask questions about their business in natural language.
• Trial Run to improve strategic and operational decisions. Trial Run is a cloud-based experimentation platform that enables companies across verticals to test, measure and refine strategies before rollout.

Fractal has more than 1,200 consultants spread across 15 global locations including the United States, UK and India. Fractal has been featured as a leader in the Customer Analytics Service Providers Wave™ 2017 by Forrester Research, a Great Place to Work by The Economic Times in partnership with the Great Place to Work® Institute and recognized as a ‘Cool Vendor’ and a ‘Vendor to Watch’ by Gartner. For more information: https://fractal.ai

Consumer Goods Technology (CGT) and the Path to Purchase Institute (P2PI) announced that Fractal Analytics, a global leader in artificial intelligence and analytics that power decision-making in Fortune 500 companies, is the title sponsor for the 2019 Retail & Consumer Goods Analytics Summit (RCAS), April 24-26 in Chicago.

Presented by CGT and P2PI and produced by EnsembleIQ, this year’s RCAS focuses on unleashing the competitive advantage of data and analytics intelligence, helping organizations to become intelligent, data-driven enterprises. With the theme “Designing the Intelligent Enterprise,” thought leaders from across the industry will share their insights for data-driven success in today’s competitive consumer goods landscape.

Fractal Analytics CEO & co-founder Pranay Agrawal will co-present the keynote session titled “Machine Learning to Human Learning” with Romain Apert, CIO Mars Wrigley Confectionery. Fractal will also share insights on how to “think e-commerce” while implementing revenue management principles to gain growth and achieve the full potential of a brand portfolio.

RCAS attendees will participate in topic-focused discussions, providing a deeper understanding into:

• AI & machine learning
• Customer engagement
• Retailer and consumer goods collaboration
• Transforming your organization

Some of this year’s key speakers include:

• Romain Apert, CIO, Mars Wrigley Confectionery
• Clay Johnson, EVP and chief information officer, Walmart
• Sandeep Dadlani, chief digital officer, Mars, Inc.

“RCAS is the perfect opportunity for consumer goods and retailer executives to connect, share, learn and drive AI transformation in the industry,” said Amitabh Bose, chief practice officer, CPG & retail, Fractal Analytics. “Fractal is thrilled to serve as this year’s title sponsor, as we aim to help lead the AI transformation in the CPG and retail industry.”

“The Retail & Consumer Goods Analytics Summit is the place to tap into what you need to know to build the future of your business,” said Terese Herbig, P2PI president. “Attendees will benefit from deep-dive topics from industry leaders like Fractal to uncover valuable customer insights in unexpected places that give them the edge to thrive in today’s commerce.”

To find out more about the Retail and Consumer Goods Analytics Summit, visit consumergoods.com/analytics-summit.

This event – ai.lcy will feature keynote from New York Times best-selling author Kenneth Cukier to explore how AI has revolutionised business strategy

LONDON, Feb. 13, 2019 /PRNewswire/ – – Fractal Analytics, (www.fractal.ai), a global leader in AI solutions that power human decision-making in Fortune 500 companies, today announced ai.lcy, its first AI event to be held in London.

The event, which is the third of a series, includes a number of informative sessions and roundtable discussions, and will be hosted at The Langham Hotel on February 20th. The agenda is packed with thought-provoking discussions from industry experts and guest speakers as to how FTSE 250 companies can address problem-solving at scale through a combination of AI, engineering and design.

The event’s keynote speech, on how AI has revolutionised business strategy, will be delivered by Kenneth Cukier, Economist Senior Editor and co-author of New York Timesbest-seller ‘Big Data: A Revolution That Transforms How We Live, Work and Think’. Other sessions will provide hands-on advice on topics such as: where and why to use AI to solve organisational problems created by lack of resources; and how to build data pipelines to enable AI and scale algorithms to power decisioning in the enterprise. Find more information on the agenda and speakers here.

“AI is here. It is real and is evidently transformative, but AI alone is ‘Arguably Insufficient‘ to tackle enterprise problems at scale,” explains Sankar Narayanan (SN), Chief Practice Officer, Fractal Analytics.

“We’re excited to bring our Artificial Intelligence conference (ai.lcy) to the city of London. At this event, participants will be able to share experiences and learn from peers on how enterprises can harness the boundless capabilities of AI to address the complex challenges they face. We’ll be showcasing how leaders can drive better decisions when operating at scale by bringing together AI, engineering and design.”

Since 2000, Fractal Analytics has been a leading provider of AI and analytics solutions for the world’s largest companies, powering human decision-making across the globe. Fractal has more than 1,200 consultants in 15 global offices in the United States, Europe and Asia.

To review the full agenda and complete list of speakers for ai.lcy, or to register for the event, visit: https://fractal.ai/ai-london/

About Fractal Analytics:

Founded in 2000, Fractal Analytics is a strategic analytics partner to the most admired Fortune 500 companies globally and helps them power every human decision in the enterprise by bringing analytics and AI to the decision-making process.

Fractal has built several cutting-edge AI product startups within its ecosystem across industries, including:

• Qure.ai to transform how radiologists make diagnostics’ decisions. Qure’s qXR solution is the first AI-based Chest X-Ray interpretation tool to receive CE certification. Qure’s recently-launched qER solution for interpreting head CT scans has been proven to have more than 95% accuracy in identifying abnormalities.
• Cuddle.ai to transform how executives make tactical and operational decisions. Cuddle automatically alerts users on what they need to know about their business and allows them to ask questions about their business in natural language.
• Trial Run to improve strategic and operational decisions. Trial Run is a cloud-based experimentation platform that enables companies across verticals to test, measure and refine strategies before rollout.

Fractal has more than 1,200 consultants spread across 15 global locations including the United States, UK and India. Fractal has been featured as a leader in the Customer Analytics Service Providers Wave™ 2017 by Forrester Research, a Great Place to Work by The Economic Times in partnership with the Great Place to Work® Institute and recognized as a ‘Cool Vendor’ and a ‘Vendor to Watch’ by Gartner.

For more information: https://fractal.ai/

By Ryan Browne

• Fractal is now valued at $500 million following the investment, according to a source familiar with the deal.
• Apax bought existing shares owned by investors including Malaysia’s sovereign wealth fund and TA Associates.
• The firm will use Apax’s investment to fund increased international expansion and mergers and acquisitions.

Indian artificial intelligence (AI) firm Fractal Analytics said Wednesday it raised $200 million from private equity giant Apax Partners.

The capital was raised through the sale of newly issued shares and existing shares owned by investors including Malaysia’s sovereign wealth fund Khazanah Nasional and U.S. private equity firm TA Associates.

Fractal Analytics, which has offices in New York, London and Mumbai, is now valued at $500 million following the investment, according to a source familiar with the deal who preferred to remain anonymous because the valuation has not been publicly announced.

The transaction sees Apax acquiring a “significant minority stake” in Fractal, the company said. The deal is expected to close by February.

The company is making “about $100 million” in annual revenue, Chief Executive Srikanth Velamakanni told CNBC in an phone interview, and hopes to eventually cross the $1 billion annual revenue mark.

“We wanted to get a partner who could really be more than an investor and that is why we chose Apax,” Velamakanni said of Fractal’s new investor. “They have a good track record and know the space well.”

Fractal, which was founded in 2000, is an enterprise-focused business that helps clients make decisions by using machine-learning algorithms. The company says it’s partnered with multiple Fortune 500 firms.

The firm will use Apax’s investment to fund increased international expansion and mergers and acquisitions, Fractal’s chief said. It wants to build a presence in China, he said, a country that has become a powerhouse in the AI industry.

“We certainly want to expand into larger parts of Europe, Australia and very selective parts of Asia,” Velamakanni said.

Velamakanni said China was a “fascinating destination” and “formidable force” when it comes to AI, pointing to the ease of companies like SenseTime to gain access to government data. Data are a crucial component of machine learning and analytics.

Alibaba-backed SenseTime, with a valuation of $4.5 billion, is believed to be the world’s largest AI start-up. On the heels of raising more than $1 billion in total during 2018, the company is reportedly planning on raising a further $2 billion in funding.

IPO ‘in the near future’

Fractal’s boss added that the firm could see itself being a publicly-listed firm “in the near future.”

“We certainly want to build that kind of company that has scale and the size of a public company,” he said.

But Velamakanni added Fractal is not yet in a solid enough position when it comes to its financials for it to debut its shares in an initial public offering.

“As far as the position of earnings is concerned, we think we’re still not there,” he said. “Markets are pretty brutal and precise in terms of earnings.”

Fractal’s fundraise comes at a key moment for the AI industry. The machine learning and data analytics space has been growing rapidly, with tech giants from Silicon Valley’s Google to China’s Baidu vying for dominance. Research firm Gartner forecasts the sector will be worth more than $3.9 trillion in business value by 2022.