“When I talk about the industrial internet it’s really capturing data off of machines and throwing back into valuable insights for our customers” – Jeff Immelt, former GE CEO
The biggest achievement of the global digital revolution is ‘Data’. Various technologies are assisting the analysts and researchers to generate gigantic volumes of data that are transforming the business paradigm by each passing day. Today, digitalization is a worldwide data-oriented phenomenon as the explosive growth of digital transactions are creating the biggest funnel for nascent business and economic models. However, using the data most efficiently is still a concern as reported by noted researchers. ‘Data is the new oil’ in today’s era and hence, having cost-efficient, user-friendly, simple tools to achieve rapid and scalable success is the need of the hour.
One such set of technocrats who have aligned their thought-process to a viable business model and have backed themselves by their professional acumen are Chethan K R and Ashish Koushik. This excerpt showcases the professional journey of these prolific professionals alongside highlighting the core idea behind SynctacticAI – a Hybrid multi-cloud data science platform.
As the Co-founders, this duo has launched SynctacticAI in early 2019 as a Data Engineering startup with a vision of building ‘Operating System for Data as a Service’. With a modest team size of 8 employees at the start, it intends to scale upto 15 employees by the year-end. Headquartered at the silicon city of India – Bengaluru, the entity has raised an undisclosed amount as seed funding from one the leading angel investor. The duo is passionate about solving problems. Building solutions at large scale that would make thousands of people’s lives easier is their ultimate objective of life.
Rendezvous with the Leaders
Chethan K R
Startup evangelist •Digital Transformation enthusiast •Enterprise Mobility Strategy • Business Development • Sales Operations • Startup advisor•
With 13+yrs of experience in the IT and software development industry, he has acquired a predominant acumen to work with startups. As a serial entrepreneur with a bachelor’s in engineering degree in Information Science, he started his career in the tech domain and soon raced up to the management level.
Ashish Koushik
Having a pure science background has assisted Ashish to craft his professional career the way he wanted. Right from the initial days, he carries the knack to work on exciting stuff and building things from scratch. Ashish asserts – “I am the product guy and have been individual contributor or problem solver for many products in the market so far”.
As professionals, both Chethan and Ashish are heavily aligned with the idea of building amazing products. The level of motivation and enthusiasm stands high for the duo when they are aware that the end-product has the potential to be a problem solver in the current market. Another element that plays a pivotal role in their success is the strong support of their families. The team firmly believes in the ethos that family plays a vital role in every entrepreneur’s life and both have been lucky since their families have always acted as the supportive pillars, right from the beginning. In testing times, their families have stood rock solid in their defence that has encouraged the aspiring pair to push themselves to the limit.
SynctacticAI – Journey fostering Creativity and Innovation
With years of exposure in the B2B segment along with software and product development, the duo had the vision to craft a platform that would offer full-blown solutions to enterprises. They analyzed the fact that countless organizations had gathered and created data at rates unprecedented in history. However, studies revealed that on an average, less than half of an organization’s structured data is actively used in making decisions.
This gap in the industry inspired Ashish and Chethan to think ‘out-of-the-box’ and innovate a platform that powers the future of Artificial Intelligence and Machine Learning. SynctacticAI is directly targeted towards the Data Engineering, Business Analysts and Data Science fraternity by providing a completely automated Data engineering and DevOps suite. This platform tackle metadata problems by delivering value to customers by saving vital time and money by generating structured metadata models bound from unconventional data sources.
Eclipsing Challenges and Rising to the Occasion
The biggest challenge the duo undertook was the risk of doing something big and competing against some of the biggest market players. And therefore, building a unique platform that is relevant and innovative was the key, alongside ensuring a good amount of cash flow was the primary tasks for the duo.
The team crafted smarter methodologies to stay ahead of the peers which also helped them in creating their niche in the industry. Embracing the Agile and Lean framework, getting the products out sooner in the market and allowing the customers to validate the ideas helped them to be relevant. Forming the core team with expert professionals was another masterstroke as hiring smarter people ensured that even the founders got opportunities to learn something new.
Future Paramount
The Co-founders carry an optimistic view of the future. They are confident that with technology moving at a rapid speed and adoption that is currently happening in these markets, they would have large customers and specifically enterprises to adopt their solutions. To conclude this story on a high note, the team announces their future plan to touch international territories by catering their products in the North-American and Singapore market very soon.