M76 Analytics: Making you a data-reliant organization
The information shrouded in the terabytes of your data needs YOU to interpret it. The evolution of technology and data deluge has made analytics all the more fun. The collective understanding of these data reams is now a vital tool for decision-makers.
Interpretation of data should no longer be confined to coders and technological professionals. Organizations as diverse as travel and tour, life-insurance, manufacturing companies are using data to enhance their strategies. Businesses until now have only acquired an ability to look at Business. Reporting and eye candy visualization tools, instead of meeting Management requirements, brought into focus the gaping holes in the IT infrastructure. Above everything else, these siloed tools succeeded in making organizations feel severely under-skilled when it comes to Big Data analytics.
Business Management having already invested so much into data analysis and reporting tools, started to expect much more value out of Data journey(AI), while organizations couldn’t even evaluate themselves to know if they even matured from basic reporting to Business Intelligence.
A quick way to self-evaluate if you have Business Intelligence is to honestly question yourself “Do my analytics reports and dashboards help me, at least, investigate my business for possible pitfalls and required mitigations.”
Big data cannot unleash its full potential unless it directly supports the decision-maker. And the journey starts with adopting and experiencing business Investigation. If you don’t even have that, it is a red alert but fear not, M76 Analytics has everything required to make you a data-reliant organization.
The inside story
M76 Analytics is a niche business algorithm-based product company, which provides expert systems to assist senior business management in Decision making. M76 Analytics offers an entire portfolio of business strategy tools including optimizers, re-optimizer, and simulators. The tools are configured for your Business Context, unlike the run-off-the-mill one-size-fits-all solutions. The product is so well configured for your business context, that the interaction feels as if Mego(the software toolkit) is imitating your own thought process.
“We have empowered business organizations with the true value of data. We are proud to say that we added great value to the time they spend every day by providing Big Data based Decision support.”
Mego- The game-changer
Mego is dynamically configurable at solution and business interface level. Its architecture lets it seamlessly adapt to any organizational structure. Mego runs on a bed of Predictive Algorithms. Senior management requires powerful tools like Mego, that can provide answers to their business questions rather than data questions, on-the-go. Mego is equipped with everything needed for you to interact seamlessly with the Big Data.
Mego lets the user interact with powerful algorithms through tools and simulators, which are interactive chart interfaces where a Business leader can give his real-world parameter values, exploratory assumptions and business intuition as inputs and resimulate for new results.
Inception story
Mr. Jai Mrug, CEO and Founder of M76 Analytics, is an IIT Bombay alumnus. His passion for Data Analytics took him on a wild ride. He spent 2 decades working with Patni, SAP and other prestigious organizations while also delivering value to independent clients. In his endeavor to make a data powerful tool in the hands of decision-makers, he gained extensive experience and understood where the state-of-the-art is falling short in meeting these requirements.
He returned to IIT Bombay after two decades. With the motivation and support of professors, he picked up one of the most enticing problems of the modern age and one that is closest to his heart. While he burned his night hours working with Data mature enterprises to build Big data-based decision support tools for their Business Management, IIT Bombay invested into M76 Analytics as a Business Artificial Intelligence company, which M76 Analytics eventually matured into. With this vision of delivering Expert systems to the fingertips of Decision Makers, the company was incubated by Sine IIT Bombay in 2015. Since then, the organization worked with incumbent giants across business verticals gathering the experience and productizing the value of analytics. M76 Analytics, since then, built a complete Business strategy toolkit called Mego.
The network is the net-worth
M76 Analytics works with Business leaders whose analytics capabilities are falling short to plan and realize their vision. The team of professionals from M76 Analytics has worked with leaders from different business verticals, from BFSI to Manufacturing and Logistics in India. The esteemed clientele includes DSP Investment Managers, Times Now, Logicash, ICICI Lombard, Thomas Cook, HDFC and many more.
Core Values: A heartbeat of your ‘WHY’
Everyone in M76 Analytics is a data scientist, a capable coder, and well trained in the advanced principles of statistics. Each of them reflects the values of the organization:
- curiosity in understanding the business,
- sympathy in exploring the pain points,
- speed in execution,
- perfection in delivery and
- open-minded humility to accept mistakes.
To date, the team has solved some of the most exciting problems in the business realm including building a complete transportation management system and markovian decision support for optimal price point determination.
Under the current leadership, M76 Analytics has achieved various milestones. Mr. Jai Mrug shares the story of smart work and vision
“When we made optimization implementable on the shop floor: We have brought down annual transportation cost by 10Cr by optimizing transportation network for a giant manufacturing company. Mego optimizes the network in less than 2 hours as compared to state-of-the-art linear optimizers that take about 48 hours. Mego’s interfaces for this transportation management system were so simple that, even a shop floor junior manager with no technical understanding uses the product. We envision that this will bring great ease in maintaining costs of heavy transportation networks.”
“When we called out the BI masquerade and proved that Business Investigation is a necessary first step in building an organization’s Data Intelligence: For a giant mutual fund company, we provided an investigation template which singled out 20 brokers who are contributing to 80% of stress on business growth, out of a network of 20,000. Saving a modest 0.02% churns on each of these brokers showed earnings of 40 lakhs per month for the business. This was the first time we proved to the world how much more powerful a Business Investigation tool can be.”
“When we succeeded in providing a complete decision support toolkit for pre-emptive inventory control and management: Implementation of full-fledged decision support templates where decision-makers can look at the optimal results and nuance his decisions to arrive at a practical decision. We did this for inventory control and modulation. This for the first time in history met all the requirements of decision-maker, whose vision moved beyond descriptive and predictive, and started playing in the realm of Big Data-based “Decision Support Analytics.”
If you are a data mature organization and yet your analytics is not meeting your decision requirements, don’t settle. It’s time for you to step up the game using decision support systems. The AI race is on. Decisions collected from the decision support systems, through interaction with the business decision-maker, are crucial to build and adopt artificial intelligence into your organization.
