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Suplari to Build Custom AI-Powered Insights Applications for Enterprises

Vlad Poptamas

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Suplari, the AI-powered intelligent spend management system for enterprise procurement and finance, today unveiled a new program to build Custom Insights Applications for its customers. Insights are always-on, intelligent applications in Suplari. The Insights Applications automatically and persistently monitor enterprise data, and proactively detect opportunities to optimize spend, risk and compliance. With this new Custom Insights program, Suplari can rapidly develop Insights Applications, specific to each business, to tackle their hardest strategic problems, operational optimization needs and data blind spots. The announcement happens during ISM 2019 Spark Event, hosted by the Institute for Supply Management in Houston, where team Suplari will be presenting its system and new Insights.

Insights Applications are Always-On Opportunity Detectors, to Optimize Productivity, Spend, Risk and Compliance – the proactive, efficient and accountable way.

Finance and procurement are under constant pressure to optimize spend, risk and compliance – but struggle to get timely and actionable insights into spend and supplier activity. Basic and static reporting are no longer sufficient. Suplari makes sense of customers spend data sources and supplier activity. The system runs Insights Applications using algorithms that enable persistent monitoring, timely alerting and proactive resolution of optimization opportunities.

Highlighted examples of Suplari’s built-in Insights Applications include the ones detecting optimization opportunities for: outlier and suspicious transactions, employee subscriptions and purchasing activity, early contract renewal and negotiation, demand aggregation, purchasing process violations, and much more.

This more automated, proactive, accountable approach also saves customers the time wasted on fixing data and crunching reports. Teams can then become more agile, and focus on what matters most – decisions, relationships and value creation.

Custom Insights Drive Intelligence from Finance, Operations and Procurement Data

“Enterprises are operating in a time of increasing volatility, disruption and opportunity,” said Nikesh Parekh, Co-founder and CEO at Suplari. Every enterprise is looking for solutions to increase back-office productivity, drive intelligence from their data, and proactively drive execution. Yet, the solutions need to be unique to each enterprise’s operating model and strategic challenge. Suplari frees the data from traditional systems and drive proactive, customized answers to company-specific challenges.”

To build the Custom Insights, Suplari starts with connecting data sources across disparate systems. Then runs algorithms that automatically monitor data and detect optimization opportunities. The applications also render easy to use data explorers, rich analytics, alerting and tracking of opportunities. All those capabilities come together to help close the full loop from identifying and investigating opportunities all the way to resolving them and capturing the actual outcomes.

Enterprise finance and procurement teams engage Suplari and apply Custom Insights to solve core challenges they face:

  • Blind spots in spend data and operations management
  • Data sets that need to be connected and monitored
  • Unique KPI or cost allocation to be better tracked
  • Uncovering hidden costs, risks or fraud
  • Strategic business initiatives, missing relevant metrics

“The use cases are broad and revolutionary,” added Parekh. For example: a retailer powerhouse needed to monitor preferred and rogue spend in fulfillment centers to improve sourcing; an electronics manufacturer connecting part inventory management to revenue forecast; an insurance company needed insights into driving greater adoption and compliance to their PO process. Other customers wanted visibility into rogue behaviors, risk factors, budget tracking and departmental expenses. The possibilities are limitless.”

Making it All Possible with Insights Generator: Our Integrated Development & Data Science Environment

Suplari is constantly expanding its catalog of Insights Applications. The ability to rapidly develop both built-in as well as Custom Insights relies on Suplari’s proprietary Insights Generator technology. The Insights Generator is Suplari’s proprietary integrated development and data science environment. It leverages cloud infrastructure, Kubernetes clusters, machine learning and pervasive data science technologies such as Python, Jupiter and Pandas. The Insights Generator give data scientists control and versatility for the rapid development of intelligent applications, helping solve any enterprises mission-critical challenge.

Suplari’s Insights Generator was architected and designed by Suplari’s CTO Jeff Gerber, former CTO of iConclude / HP Business Service Automation and former Chief Architect of Apptio. “We founded Suplari to build intelligent applications for the enterprise,” said Gerber. “We are experiencing a revolution in AI advancement. In the consumer space, we now have intelligent assistants that can do your shopping, screen your calls, find the music you like or even recognize friends and family in your photo collection. Bringing this type of innovation to the enterprise, Suplari helps customers identify business optimization opportunities – in a way that was not possible to find using traditional techniques or basic analytics.  We are applying AI to the messy, disconnected and siloed enterprise dataset and enabling a new order of intelligence, automation and agility for our customers.”

Equipped with these AI-powered Insights Applications, pre-packaged or custom, enterprise finance and procurement teams can build a rich opportunity pipeline, with a variety of contributing tactics and levers, and an accelerated pace to hit cost savings, risk and compliance optimization goals. They can turn spend management into an enterprise-wide, accountable and ongoing practice, rather than reactive, one-off initiatives.

To learn more about Suplari’s Intelligent Spend Management System and the new Custom Insights program, visit www.suplari.com.

 

SOURCE Suplari

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United States Geospatial Analytics Market By Component, By Deployment Mode, By Type, By Application, By End User Industry, Competition, Forecast & Opportunities, 2025

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New York, July 03, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “United States Geospatial Analytics Market By Component, By Deployment Mode, By Type, By Application, By End User Industry, Competition, Forecast & Opportunities, 2025” – https://www.reportlinker.com/p05916705/?utm_source=GNWClare: clare@reportlinker.com
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The robotic lawn mower market by revenue is expected to grow at a CAGR of over 12% during the period 2019–2025

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New York, July 03, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Robotic Lawn Mowers Market – Global Outlook and Forecast 2020-2025” – https://www.reportlinker.com/p05779102/?utm_source=GNWClare: clare@reportlinker.com
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Healthcare Analytics Market Worth $84.2 billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Estimates by Meticulous Research®

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London, July 03, 2020 (GLOBE NEWSWIRE) — According to a new market research report Healthcare Analytics Market by Type (Predictive, Prescriptive), Component (Hardware, Software, and Services), Delivery Mode (Cloud), Application (Clinical, RCM, Claims, Fraud, Risk, PHM), End user (Payer, Provider) and Geography- Global Forecast to 2027”, published by Meticulous Research®, the healthcare analytics market is expected to grow at a CAGR of 26% from 2020 to reach $84.2 billion by 2027.Download Free Sample Report Now @ https://www.meticulousresearch.com/request-sample-report/cp_id=3995  The healthcare analytics market is witnessing a consistent growth owing to the growing demand from population health management (PHM), need for redesigned EHRs with advanced analytics capabilities, growth in eHealth collaborative, growing investments by venture capitalists, increasing pressure to provide quality care and control healthcare costs, rising big data in healthcare, trend towards value-based care, improving HCIT infrastructure, and launch of COVID-19 specific analytics solutions. However, lack of data scientists/analytics skills, high price of analytics, and data integration and security challenges may hinder the growth of this market to some extent.The overall healthcare analytics market study presents historical market data in terms of values (2018 & 2019), estimated current data (2020), and forecasts for 2027 – by type (descriptive analytics, predictive analytics, and prescriptive analytics), component (services, software, and hardware), mode of delivery (on-premise, web-based, and cloud-based analytics models), application (financial analytics, clinical analytics, operational analytics & administrative analytics, and population health analytics), end-user (payers, providers, and Accountable Care Organizations (ACOs), and geography. The study also evaluates industry competitors and analyzes the market at a country level.Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=3995Based on type, the descriptive analytics segment is estimated to command the largest share of the overall healthcare analytics market in 2020. Descriptive analytics forms the base for the effective application of predictive or prescription analytics.Based on component, the services segment is estimated to hold the largest share of the overall healthcare analytics market in 2020. This is primarily attributed to growing demand for cloud-based analytics, recurring need for support services, and lack of IT skills in healthcare industry.Based on mode of delivery, the on-premise analytics segment is estimated to hold the largest share of the overall healthcare analytics market in 2020. This is mainly due to concerns related to patient data confidentiality and security on remotely managed servers.Based on application, the financial analytics segment is estimated to command the largest share of the overall healthcare analytics market in 2020. This is mainly attributed to the growing adoption of analytics by the healthcare providers to reduce hospital re-admissions, curtail growing healthcare costs, and be eligible for value-based reimbursements.Based on end-user, the payer analytics segment is estimated to hold the largest share of the overall healthcare analytics market in 2020. This is mainly attributed to stringent government norms and high focus on fraud prevention, launch of payer analytics specific solutions that optimize productivity and reduce costs, and growing traction for analytics among employer groups.The healthcare analytics market scope varies greatly across different continents. The reason for this lies in the rate of technological developments in different parts of the world. North America region is estimated to command the largest share of the global healthcare analytics market in 2020 and is expected to maintain its dominance throughout the forecast period. This region is also expected to grow at the highest CAGR during the forecast period. The large share of this region is mainly attributed to the significant adoption of analytics in the U.S. post the implementation of Affordable Care Act (ACA) and impact of on-going COVID-19 pandemic, easy availability of analytics solutions in this region, prominent venture capital investments in the U.S., and significant government focus on population health management and value-based care.Quick Buy – Healthcare Analytics Market Research Report: https://www.meticulousresearch.com/buy_now.php?pformat=80&vformat=253The report also includes an extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years. A majority of players in the healthcare analytics market are adopting key strategies such as strategic alliances, partnerships, collaborations, mergers and acquisitions, and new product/service developments to expand their product and service offerings, global footprint, and augment their market shares. For instance, in June 2020, SAS launched SAS Viya 4, an analytics tool for medical and healthcare sectors which is expected to be available in late 2020. The solution integrates artificial intelligence (AI) and analytics for improved decision-making. Similarly, in April 2020, Allscript’s business EPSi released a COVID-19 Planning Analytics tool that includes 5 independent analyses focused on answering the tough questions being asked by health system leaders. These include ICU capacity, financial burden of COVID-19, resumption of elective procedures, and cost-reduction.The global healthcare analytics market is highly fragmented and competitive in nature. Some of the leading players operating in the global healthcare analytics market are Allscripts Healthcare Solutions, Inc. (U.S.), Cerner Corporation (U.S.), Epic Systems Corporation (U.S.), Health Catalyst (U.S.), IBM Corporation (U.S.), Inovalon (U.S.), McKesson Corporation (U.S.), MedeAnalytics, Inc. (U.S.), Microsoft Corporation (U.S.), NextHealth Technologies (U.S.), UnitedHealthcare Group (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), SAS Institute Inc. (U.S.), SCIOInspire, Corp. (U.S.), Tableau Software, Inc. (U.S.), TIBCO Software, Inc. (U.S.), Verscend Technologies, Inc. (U.S.), and VitreosHealth (U.S.), among others.To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/healthcare-analytics-market/Scope of the Report:Healthcare Analytics market, by Type                                    Descriptive analyticsPredictive analyticsPrescriptive analytics                                                 Healthcare Analytics Market, by Component                                   ServicesSupport ServicesBusiness Analytics Services                    Software                          Hardware     Healthcare Analytics Market, by Mode of Delivery                                On-premiseWeb-basedCloud-based Healthcare Analytics Market, by Application                                   Financial analyticsClaims analyticsRevenue Cycle ManagementPayment Integrity & Fraud, Waste & Abuse (FWA)Risk Adjustment & Risk AssessmentClinical analyticsOperational analytics & administrative analyticsPopulation health analytics Healthcare Market, by End User                                   Payer  AnalyticsPrivate PayersPublic Payers & Government AgenciesEmployers              Provider       Hospitals, IDNs, and Physician PracticesPost-Acute Care OrganizationsAmbulatory Care Settings   Accountable care organizations (ACOs)                                            Healthcare Analytics Market, by Geography                          North America                          U.S.             Canada                  Europe                            GermanyU.K.   France          Italy             Spain           Rest of Europe (RoE)          Asia-Pacific                     China           India            Japan           Rest of Asia-Pacific (RoAPAC)        Rest of World (RoW)Latin America                    Middle East & Africa           Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=3995  Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research.phpRelated Reports:Real World Evidence (RWE) Solutions Market by Component (RWD, EMR, Claim, Patient Registry, Pharmacy, Service), Application (Oncology, CVD, Neuro, Infection, Regulatory), End User (Pharma, Biotech, Medical Devices, Payers, Healthcare) – Global Forecast to 2024https://www.meticulousresearch.com/product/Real-World-Evidence-Solutions-Market-4954/Population Health Management Solutions (PHM) Market by Component (Software, Service), Mode of Delivery (Web Based, On Premise, Cloud) and End User (Hospital, Clinic, Payor, Employer, Government, ACO) – Global Forecast to 2023https://www.meticulousresearch.com/product/population-health-management-solutions-phm-market/Patient Registry Software Market by Type (Diabetes, Cancer, Rare Diseases, CVD, Orthopaedic, Drugs, Device), Delivery (On Premise, Cloud), Functionality (PHM, HIE, POC, Research), Database (Public, Commercial), Pricing Model, End User – Global Forecast to 2023https://www.meticulousresearch.com/product/patient-registry-software-market/Healthcare IT Market by Product (EMR, mHealth, PHM, RIS, PACS, RCM, Healthcare Analytics, Telehealth, SCM, HIE), Component (Software, Service), Delivery Mode (Web, Cloud) and End User (Hospital, Payer, Pharmacy, Ambulatory, Homecare) – Global Forecast to 2027https://www.meticulousresearch.com/product/healthcare-it-market-5084/Precision Medicine Software Market by Delivery Mode (On-premise, Cloud-based), Application (Oncology, Pharmacogenomics, CNS), End User (Healthcare Providers, Research, Academia, Pharma, Biotech) – Global Forecast to 2027https://www.meticulousresearch.com/product/precision-medicine-software-market-5011/About Meticulous Research®The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details.Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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