Enterprises today are actively exploring ways to operationalize AI to drive business transformation, enable better experiences, and enhance speed and efficiency – all while ensuring Intellectual Property protection and security. Yet, few have the resources to train and implement AI with the right data models specific to their business needs. iLearningEngines (iLE), a leading Enterprise AI platform for learning and work automation, enables enterprises to drive business value with AI.
Given how vast and dynamic the enterprise AI landscape is, we at iLE are constantly broadening our product and market offerings to deliver enhanced relevance and deeper insights to our customer engagements. We are able to achieve this by working with our Partner organizations who help us extend the reach of our technologies, with us helping them serve their customers through our customized white-label solutions.
One of our most successful collaborations is with Techvantage, a relationship that has evolved significantly over time to the benefit of both parties. In this piece, we walk you through their journey, how our partnership was forged, and how our collaboration has gone from strength to strength over the past decade.
Techvantage’s Beginnings and Growth
Founded in 2010, Techvantage began as a data-focused software development company specializing in data crunching and analysis. Their reputation for excellence quickly grew, and today, they boast a team of highly skilled employees spread across four global locations. The company initially operated primarily in the energy sector.
In 2015, Deviprasad Thrivikraman, an engineer with over 25 years of experience, joined Techvantage as a partner. His expertise helped steer the company towards the BFSI (Banking, Financial Services, and Insurance) sector. Under his leadership, Techvantage began focusing on AI-driven solutions, particularly for the insurance industry.
The Partnership with iLE
Our partnership with Techvantage began as they sought to expand their capabilities in AI, machine learning, and deep learning. Devi and his team found that many industry toolkits were rigid and not commercially viable. However, when the team came into contact with us at iLE, they discovered flexible, powerful technology that could solve a wide range of real-use cases.
To quote Devi Thrivikraman, “When it came to iLE, we found very strong components we could use as Lego blocks to solve literally any use case, particularly in the BFSI industry. Sometimes in as little as two weeks.”
Transformative Impact and Client Success Stories
Techvantage uses the iLE platform as an accelerator to build AI Engines and Hyperapps that address complex business problems. To give you a context, AI Engines or Hyperapps are productized solutions built on the core iLE platform that deliver rapid business value across business processes; end-to-end. These AI Engines are scalable solutions for verticalized use cases that solve industry-specific problems, leveraging unique proprietary AI models and data. Case in point being a significantly quick sale to an insurance customer was concluded recently due to the solution’s ability to operate on-premise without data sharing, ensuring data security—a critical factor for the customer.
Powered by iLE, Techvantage has grown its capabilities, taking problems and creating solutions that transform customer operations and their decision-making ability.
Augmenting Existing Solutions
Techvantage excels in integrating and enhancing existing systems with AI capabilities rather than replacing them. This approach reduces the cost of ownership and leverages existing investments, providing customers with augmented solutions that significantly improve efficiency and effectiveness.
Whether it’s a claims platform, a policy administration system, or an ERP, they integrate and enhance functionality with iLE’s AI capabilities. The cost of ownership for the solutions they create is a fraction of traditional app development.
Looking Ahead
As Techvantage explores new markets and industries, including manufacturing and retail, it remains committed to dispelling myths about AI. The company expects to grow its revenue dramatically in the next three years. Their team is already talking to large insurers and banks and hopes to create more AI engines with them.
Techvantage’s journey with iLE has been marked by significant milestones and continuous growth. From addressing complex use cases in the BFSI sector to exploring new opportunities in manufacturing and retail, they have demonstrated an ability to leverage AI for transformative results.
The future looks promising for Techvantage as their team explores new markets, including manufacturing and retail, leveraging the research and intellectual capital provided by iLE.
In Conclusion
iLE’s partnership with Techvantage exemplifies how collaboration on using innovative AI solutions can drive exponential business success. Our AI Engines, developed with the combined expertise of our partners, are paving the way to a future where AI and automation streamline operations, enhance decision-making, and unlock new opportunities across various industries.
Our success story with Techvantage demonstrates the tangible benefits of integrating AI into business processes. As Techvantage continues to grow and explore new opportunities, their partnership with iLE will undoubtedly play a crucial role in our combined success, helping navigate the evolving landscape of AI and machine learning. We are excited to see where the next chapter in this partnership takes us.
To find out how iLE can help your enterprise, contact our team to book a demo today.
To hear how Techvantage and iLE’s collaboration enables AI solutions to get deployed quickly, aiding operational efficiency and enhanced decision making, click here.