2024-03-13 23:51:03
Quantexa supports a growing wave of organizations using data, analytics and AI to break down silos
- The partnership with Microsoft immediately makes the Quantexa Decision Intelligence Platform available on the Microsoft Azure Marketplace; the company is committed to creating native solutions on Azure
- A technology preview demonstrates Quantexa’s ambitious plan to accelerate platform, solution and generative AI adoption among business users, data and IT professionals
- Pilot customers move towards early adoption of generative AI assistant, Q Assist™
LONDON, March 13, 2024 (GLOBE NEWSWIRE) — Quantexa, a global leader in decision intelligence solutions for the public and private sectors, used QuanCon24 – its annual conference for customers and partners – as a backdrop to unveil the Decision Intelligence Platform roadmap and present an update to Q Assist, a generative artificial intelligence (AI) assistant that was unveiled in July last year . Quantexa also announced a partnership with Microsoft. Dan Higgins, Chief Product Officer at Quantexa, joined Kate Rosenshine, Global Technology Director for Microsoft Strategic Partnerships, to announce the immediate availability of the Quantexa Decision Intelligence Platform on Azure Marketplace from Microsoft, as well as plans to make the cloud-native AI solution available to mid-sized banks in the United States.
Focus on innovation and new capabilities
Quantexa’s ambitious plan to lead the emerging decision intelligence category focuses on helping businesses and government agencies use contextual analytics and AI to improve decision-making at the organizational level. Quantexa is placing an emphasis on practical applicability in today’s real world, with an eye on a plan to help customers implement the technology in the future. Gartner® estimates that “by 2027, 75% of new analytical content will be contextualized by intelligent applications through generative AI, allowing a constructive link between information and actions.”*
As part of Quantexa’s growth strategy, the company showcased the platform company’s ability to use AI to build a reliable database and provide greater efficiency to existing decision processes, with seamless integration into customers’ existing technology infrastructure.
Dan Higgins, Chief Product Officer at Quantexa, stated“When it comes to Quantexa’s technology roadmap, we are guided by our clients’ needs and leadership ambitions in decision intelligence. This requires us to help our clients create organizational islands to create a trusted database, automate and augment decision making, and support continuous evaluation and improvement in decision-making processes. By introducing new capabilities and solutions, we remain firmly focused on innovation that helps organizations protect, optimize and grow.”
Quantexa highlights four key pillars of the roadmap
- Enable human/AI decision making: Quantexa continues to introduce solutions and tools that enable the use of multiple data sources and AI to automate business decision logic across multiple applications. Quantexa is updating its platform with improved workflow capabilities, including new customizable scoring, alerting and decision-making models. Quantexa showcased new case management capabilities and an early adoption update to Q Assist, which are being implemented by customers in banking, telecommunications and government agencies in pilot programs to address financial crime, fraud and risk, as well as to identify new revenue opportunities with customer intelligence.
- Operationalize data at scale with AI and contextual analytics: Quantexa’s ability to help customers build a trusted database and gain insights from individual customers continues to be a key driver for the platform’s adoption. To respond to growing demand and industry complexities, Quantexa has demonstrated advances in data management, contextual analysis and AI capabilities. Quantexa previewed the ability to move beyond news intelligence to support the ingestion and analysis of any unstructured data sources, through entity resolution and providing customers with the ability to enable large-scale graph analysis, and automatic graph learning, through the combination of large linguistic models (LLM) and knowledge graphs.
- Accelerate time/value through simplified implementations and bundled solutions: Quantexa announced new options to make it easier for customers and partners to speed up with new deployment methods, including the introduction of “out of the box” configurations as well as tools with reduced or no coding. This year, Quantexa is also investing in its growing partner ecosystem, which includes PWC, EY, Dun & Bradstreet, KPMG and Moody’s, who presented at QuanCon24.
- Smooth integration with our customers’ existing technology volumes and processes: Quantexa’s Decision Intelligence Platform features an open and scalable architecture with scalable APIs and simplified integrations with downstream applications and systems. Future efforts will focus on a standardized framework and “out of the box” connectors.
Quantexa moves its Decision Intelligence Platform and solutions to Azure thanks to a partnership with Microsoft
One of the highlights of the Quantexa Roadmap Session at today’s event was the announcement of the new partnership with Microsoft. Highlights included:
- The immediate availability of the Quantexa Decision Intelligence Platform on the Azure Marketplace: Quantexa’s Decision Intelligence Platform is now available globally on Azure Marketplace for clients in the financial services, public sector, insurance, telecommunications, media and technology sectors.
- AI innovation helps mid-sized banks respond to regulatory and market pressures: Additionally, Quantexa presented detailed plans to create a new proprietary Azure SaaS solution that will enable customers to implement an end-to-end AML (anti-money laundering) transaction monitoring, investigations and case management solution designed to leverage best-of-breed capabilities. of its class, used by the largest banks in the world in a personalized offer to respond to the needs of financial services institutions, with a total of more than 200 billion dollars in assets. The solution will provide critical capabilities for monitoring, detecting and investigating financial crime and risk for banks in the United States. The planned offering will help customers implement next-generation technology, enabling them to keep pace with the rapid pace of innovation and meet increasing compliance regulations. Quantexa is working with Microsoft to make the first set of capabilities available by the end of 2024.
Dan Higgins, Chief Product Officer, Quantexa, stated: “Over the past 12 months, decision intelligence has become a rapidly growing trend, as stated by several industry analysts. But decision intelligence has always been at the heart of everything we do since our inception. At Quantexa, we work to innovate and evolve our technology to help businesses and government agencies use contextual analytics and AI to improve decision-making, and I’m excited to see our latest technology roadmap come to fruition. remains faithful to this premise. Our new partnership with Microsoft is a testament to our commitment to providing affordable solutions to our customers; We will continue to do more and better to help our customers whenever they need it.”
Tyler Pichach, Director of Financial Services Strategy at Microsoft, said: “Financial services organizations have become smarter and more efficient in the face of changing market dynamics. This is creating the need to use trusted data and AI to augment and automate thousands of operational decisions that are made daily, whether it’s managing data, fighting financial crime or identifying new revenue opportunities. We are committed to working with partners like Quantexa to make their Decision Intelligence Platform available on the Microsoft Azure Marketplace, create new cloud-native solutions for broad market segments, and foster joint innovation to help our customers across industries tackle their biggest challenges.”
To learn how your organization can leverage decision intelligence or read Forrester’s Total Economic Impact™ of Quantexa’s Decision Intelligence Platform, Click here. To watch sessions on request from QuanCon24, visit the QuanCon24 website QuanCon.
*Gartner, Predictions to 2024: How Artificial Intelligence Will Affect Analytics Users, by Edgar Macari, Peter Krensky, Afraz Jaffri, David Pidsley, Aura Popa, Mike Fang, Rita Sallam, Julian Sun, Radu Miclaus, January 4, 2024 .
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its subsidiaries in the US and internationally and is used with permission. All rights reserved.
About Quantexa
Quantexa is a global data and analysis software company, a pioneer in Decision Intelligence, which allows organizations to make reliable operational decisions, making data meaningful. Using the latest advances in big data and AI, Quantexa’s Decision Intelligence Platform reveals hidden risks and new opportunities by providing a contextual, connected view of internal and external data in a single location. Solve the biggest challenges across data management, Know Your Customer (KYC), customer information, financial crime, risk, fraud and security, across the customer lifecycle.
Quantexa’s Decision Intelligence Platform improves operational performance with over 90% accuracy and 60x faster resolution of analytical models than traditional approaches. Founded in 2016, Quantexa currently has more than 700 employees and thousands of users working with billions of transactions and information points around the world. The company has offices in London, Dublin, Brussels, Malaga, UAE, New York, Boston, Toronto, Sydney, Melbourne and Tokyo.
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