Banking “Big” on Data: PromptCloud
With the average person uploading 15x more information today than they did just three years ago, the volume of data on the web is increasing exponentially. In today’s information-driven world, businesses depend on the internet to gather information used in intelligent decision making. Capturing, processing and distributing data manually can, however, be time-consuming besides being inaccurate. Serving relevant information in a structured ready-to-use format would be a boon to companies bogged down by too much data and this is the USP that Bangalore-based Prompt Cloud Technologies has adopted.
PromptCloud makes big data look small through its cloud based Data as a Service platform and offers services ranging from web data extraction to building keyword driven internal search indexes. The company was one of the first to venture into this segment and being first off the block has been a definite plus. “We started early and have a lot of advantages; we have gained visibility and are ahead of the competition in many of the standard practices. Being early has also enabled us to identify areas where the RoI is greater,” says Prashant Kumar, the founder of the company, and an alumnus of IIT, Kanpur and Yahoo.