Signum Capital Invests in Cross-Industry Data Infrastructure, Omnilytics Platform
Backed by Signum Capital, Omnilytics Platform is a distributed data network which processes global aggregated datasets and combines artificial intelligence, as well as machine learning tools across various industries. Their mission; to power the world with data.
Singapore, Singapore – September 12, 2018 /MarketersMedia/ —
“Omnilytics Platform has the core element that we believe in: a game-changing innovation,” says John Ng Pangilinan, partner at Signum Capital. “From the technology utilised to the proof-of-concept dashboard, we’re excited to support the team and achieve the highest success together.”
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Singapore, September 2018 – Signum Capital has just announced their investment for Omnilytics Platform, a distributed data network which processes global aggregated datasets and combines artificial intelligence, as well as machine learning tools across various industries.
“The Omnilytics team is honoured to have Signum Capital onboard and we are eager to work together to achieve our goal: powering the world with data,” says Kendrick Wong, founder of Omnilytics.
Led by a team of industry experts, Omnilytics has already built multiple powerful aggregated datasets in the fashion and beauty industries and architected it into one platform: the Omnilytics Dashboard. The data on the dashboard allows brands and retailers to make decisions with speed, accuracy, and precision. The company aims to connect all verticals across all industries, including Financial Markets, Crypto Markets, Real Estate, Telecommunications, Fast-moving Consumer Goods (FMCG), Home & Living, and more.
Blockchain technology acts as the catalyst to Omnilytics’ architecture. It powers their smart contracts, distributed data fingerprinting, data exchange and other protocols and APIs. Users on their infrastructure can easily develop and utilise data services without any background in blockchain or data, with full transparency and auditability. Thus, blockchain technology not only ensures the price competitiveness of Omnilytics’ services, but also provides a key strategic advantage in the verifiable and transparent quality of their data to their community.
These communities are able to build dApps on top of the Omnilytics’ platform – creating infinite amounts of use cases that will fuel the expansion into other verticals. One such use case example is this: hedge funds require cross-industry data from credit cards and eCommerce product movements to analyse real-time stock ticker data to place bets on the rise and fall of companies. Omnilytics’ data provides this.
“The highlight of the project is it’s the first cross-industry data infrastructure that has solid fundamentals, paying clients, backed by C-Levels at global banks and major companies worldwide and real use cases of blockchain and token economics,” says Ng. “The AI and data community are behind them.”
Structured as a proof of concept, the current data mining architecture enables the team to obtain publicly available information from any website in the world – without any further configurations. Currently, Omnilytics has over 300 million SKUs from over 50,000 brands, with up to 6 million products scraped and 25 billion data points collected daily. The team then normalises that raw data into actionable business cases through artificial intelligence and machine learning.
The complexity of Omnilytics’ data is further heightened with the existing machine learning model that was trained to understand different sets of data, which includes the ability to run accurate image and text recognition. The machine is capable of categorising millions of fashion and beauty products into colours, styles, and patterns.
“We seek data accuracy and daily improvement by employing major efforts in mining and categorising the vast data that we obtain,” says Wong. “As such, we are seen as an industrial benchmark for our clients, who utilise our platform to plan precise pricing and assortment strategies, determine consumers’ preferences, and conduct competitor comparisons.”
Current clients of Omnilytics include Salvatore Ferragamo, Shiseido, and Adidas. In addition, global hedge funds refer to Omnilytics’ data before investing in companies as part of their due diligence process. Omnilytics is currently working beyond the verticals of fashion and beauty, as the company aims to provide data to all industries in the world.
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About Omnilytics
Omnilytics is a distributed data network which processes aggregated data sets and combines artificial intelligence, as well as machine learning tools across various industries. This builds a cross-industry data infrastructure that provides enterprise-grade data and machine learning tools for everyone.
About Signum Capital
Signum Capital is a Singapore-based firm that consults various blockchain-powered companies. The organisation takes part in different projects and supports efforts that contribute to the future of the Blockchain economy.
Website: http://platform.omnilytics.co
Telegram: OMNCommunity
Twitter: @Omnilytics_OMN
Contact Info:
Name: Hwei-Ming Choong
Email: ming@omnilytics.co
Organization: Omnilytics Pte Ltd
Address: 51B Circular Road
For more information, please visit http://platform.omnilytics.co
Source: MarketersMedia
Release ID: 405667
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