Vietnam’s FPT Software joins forces with leading Augmented Intelligence solutions provider Squirro, helping global clients access quick and powerful end-to-end data analytics services.
Vietnam’s leading IT firm FPT Software has partnered with Squirro – a Switzerland-based Augmented Intelligence solutions provider. Through this partnership, the two companies will offer their customers comprehensive enterprise solutions backed by Artificial Intelligence (AI) to leverage data to its full potential, make better-informed decisions and drive business growth.
The partnership between FPT Software and Squirro will bring value to companies from various industries such as banking and finance, healthcare, manufacturing, among others. FPT Software will promote the application of Squirro’s solutions together with its own diverse product and service portfolio, targeting businesses that are looking to transform into data-driven organizations. With digital consulting experience, fast delivery capability and a presence in 26 countries, FPT Software can help Squirro strengthen its positioning and expand its go-to-market capabilities globally.
“FPT Software is delighted to sign this agreement and partner with Squirro”, said Frank Bignone – Global Digital Transformation Director, FPT Software. “Squirro’s visionary Insight Engine and the Augmented Intelligence solutions allow our end-customers to quickly valorize their information and find relevant insights from all the data sources available.”
“Today’s competitive advantages rely on turning data into insights. Joining hands with FPT Software, we look forward to combining our visionary Insight Engine and the ability to implement projects in a very short timeframe to provide businesses with value-added Insight Solutions. Relying on a best-in-class project methodology and dedicated experts working with your teams, Squirro, together with FPT Software can unlock hidden insights and leverage the power of your data and help you build a solid competitive advantage”, said Bernd Schopp, Squirro’s Chief Commercial Officer.
According to a study by Informatica, improving the efficiency of data management and analytics should be a key priority for executives in Asia Pacific (APAC).[1] The global study highlights that a high level of data maturity delivers up to 250% more business value in data-led transformation. However, 73% of APAC organizations struggle to manage self-service data and navigate through data fragmentation and complexity.[2]
The pandemic has been a major accelerator for investment towards data-driven initiatives. About 80% of surveyed public sector chief data officers in Singapore acknowledge the importance of investing more in data-driven initiatives and regret not doing so before the pandemic hit as this could have helped manage COVID-19 better[3].
More enterprises are turning to cognitive search solutions to extract meaningful and actionable insights from the data they hold, driving the market’s explosive growth. The global cognitive services market is projected to be worth US$15.28 billion by 2023, a jump from US$2.59 billion in 2018, according to global research firm MarketsandMarkets. By region, APAC is expected to grow at the highest rate during the forecast period.
Squirro, with its core platform Insight Engine and Cognitive Search solution, has enabled world-leading financial companies including Standard Chartered Bank, Bank of England, Candriam, or ING to make the most of their data sources. In 2021, the company was positioned as a Visionary in the Gartner Magic Quadrant for Insight Engines, and as a Strong Performer in The Forrester Wave™: Cognitive Search, Q3 2021. Leveraging Squirro’s capability and its own extensive domain knowledge, FPT Software will be able to provide clients full support for their data-driven transformation needs.
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[1] https://www.informatica.com/lp/driving-business-value-from-data-in-the-face-of-fragmentation-and-complexity_4241.html#
[2] https://www.theedgesingapore.com/digitaledge/news/tech-news-less-5-minutes–january-2022
[3] https://www.cdotrends.com/story/15734/sg-public-sector-cdos-regret-overlooking-data-governance
