Subex rose 2.34% to Rs 59.10 after the company said that it launched HyperSense, an end-to-end augmented analytics platform that helps enterprises make faster, better decisions by leveraging AI across the data value chain.
HyperSense contains all the augmented analytics capabilities enterprises need in one flexible and modular platform. HyperSense's unique no-code capabilities allow users without a knowledge of coding to easily aggregate data from disparate sources, turn data into insights by building, interpreting, and tuning Artificial Intelligence (AI) models, and effortlessly share their findings across the organization.
Augmented Analytics uses enabling technologies such as machine learning and AI to assist with data preparation, insight generation, and insight explanation. It empowers experts as well as non-data scientists by automating many aspects of data science, including model development, management and deployment of AI models.
HyperSense also includes a number of pre-built analytics use cases in marketing, finance, and technology verticals for enterprises to deliver ultra-fast results. In addition, customers can use the HyperSense platform to build their own tailor-made, AI-powered analytics applications. The cloud-native platform can be integrated with existing data management infrastructures or implemented as a standalone, plug-and-play data analytics solution.
Subex reported a consolidated net profit of Rs 8.71 crore in Q3 FY21 as compared to a net loss of Rs 312.72 crore in Q3 FY20. Net sales during the quarter declined by 2.3% Y-o-Y to Rs 93.88 crore.
Subex is a holding company, which provides software products and related services to communications service providers across the world.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU