The concept of Big Data has been growing over recent years and most organisations are able to understand that if all data was to be captured, their ability to understand their consumers and market would increase significantly. In addition to this, if all the data available was managed and processed effectively, new strategies could be developed which would lead to a growth in profitability. However, while it is understood that vast amounts of data is available, businesses are faced with the challenge of processing this data in real time. Furthermore, the amount of data is not only growing, but the sources that data can be obtained from has massively increased which makes formatting data into a consistent context difficult.
EpyDoc have launched Forcive, a software that manages real time data processing in order to allow businesses to gain maximum value form their data. It enables machine learning and artificial intelligence to prepare and sort real time data. According to McKinsey, those who leverage their data could increase their operating margins by as much as 60%. Forcive can also be used to create real time solutions, which can assist in decision making based on actual time data.
Forcive currently exploits three rapidly growing market opportunities: Artificial Intelligence, Big Data and Market Analytics and Cognitive Computing. It is a fast-growing product in an expanding market, valued at approximately €223bn and has entered several markets including Hospitality, Retail, iGaming and Fintech in Europe, USA and the Middle East. Forcive will displace existing data solution providers that offer big data solutions as an add-on using legacy architecture and those offering newer, non-integrated software solutions that are costly and have inherent drawbacks.
In 2017, Forcive successfully underwent Beta Testing with a number of customers including the hotel chain Atlantis and the accounting software company, Becomes and have now begun paid proof of concepts (POCs) within the Fintech, Hospitality and Retail industry. Forcive has a proven scalable model as it has entered diverse markets in a number of countries