In the Information Age, no one has the luxury of waiting for information - especially when it concerns keeping a business afloat - and MachEye has a solution.
The tech company has developed a new solution that provides business intelligence (BI) and analytics a "play button." Combining natural search, click-less artificial intelligence (AI), and an interactive audio-visual data presentation, MachEye promises faster and easier information, providing what the users need, when they need it.
With the new solution, users only need to type in a question relating to their business data - posing their inquiries using natural language - and the platform returns a breakdown of data presented in tabular and graphical form for easier analysis.
Doing Away With Traditional BI
MachEye summarizes its system as a "Google + YouTube experience" that turns data to a form that is usable and consumable for every user. To illustrate this revolutionary business intelligence approach, MachEye uploaded a video on its official YouTube channel. The system pores over available data about the recent California Wildfires - offering data with a naturally-asked question such as "How many acres of wildfires were there this year?"
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Within seconds, the system offers a breakdown of the data requested, even presenting data in an audio-visual format that walks the user through the information needed.
Through this user-friendly, easily accessible BI platform, MachEye equips business organizations with a single and integrated platform that delivers insights - using its natural search algorithms, click-less intelligence, and interactive media presentation.
With the demo video claiming that by the following year, at least a third of all data will be stored in cloud-based infrastructures. To allow businesses and users to enjoy fast and convenient access to the information they need, MachEye only needs to connect to existing data sources - either with traditional on-premise data warehouses or from cloud services.
Unlike traditional business intelligence solutions - which require significant investments on implementation and maintenance, as well as specialized training for effective use - MachEye commits to a drastically simpler experience that is expected to boost the speed and quality of data-driven decisions.
The integration of both neuro-linguistic programming (NLP) and natural language generation (NLG) makes its natural search and click-less AI possible.
A Strong Funding Round For A "Low-Prep, No-Prep" BI Platform
As the business intelligence leader publicly showcased its enterprise BI software as a service (SaaS) platform last October 28, the company also announced the results of its latest funding round. MachEye secured $4.6 million in seed funding, led by venture capital firms Canaan Partners and WestWave Capital.
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"MachEye aims to completely democratize BI use, simplifying it to the point where anyone within any organization can get actionable insights from enterprise data in less than half a second," said Joydeep Bhattacharyya, board member at the tech company and a general partner at Canaan Partners. "Put another way, it enables business users to talk to the data, and the data actually talks back."
Raj Valli, founder and CEO of AI-driven tutor and test prep firm Thinkster, said: "MachEye is the only BI solution that can handle the unique challenges of our business." He added that Thinkster faces increasing demands to fill the gaps from new learning challenges.
"To make our tutors successful, only MachEye provides a hyper-personalized platform that analyzes millions of data points, with a very simple, consumable format," Valli explains.
