May - 2016 - issue > siTech20 2016 - 20 Most Promising Technology Companies 2016


SI Team
Tuesday, May 3, 2016
SI Team
It was 2008, a time when the market was abuzz with a string of technology trends like big data and cloud. When enterprises were busy trying to migrate their systems to a much evolved species of machines, they were forgetting the elephant in the room: devising appropriate business-focused strategies that would embrace this change. Several experts arose to tide over the impediments revolving around technology, but the lack of a specialist to guide organizations along their transitional routeson a business perspective was a growing concern. "Locus Solutions was established on a mission to fill this gap," recollects Jeetu Lakhotia, Founder and CEO. What started as an effort to assist organizations with reporting and data warehousing, the company today offers its broad portfolio of services in a spectrum of business analytics, data mining and cognitive intelligence.

The Evolving Landscape

In a time, where spreadsheets arethe prevalent norms for aggregating data pertaining to financial planning, budgeting, and reporting, enterprises are forced to deal with its cumbersomeness, at the same time eliminating data redundancy. Across the board, businesses in many industries are witnessing a fundamental shift-from process automation capabilities like Enterprise Resource Planning (ERP), Material Requirements Planning (MRP), Customer Relationship Management (CRM) to data and analytics. With this, the role of the CIO is undergoing a sea change to include more responsibilities on making outcome-based decisions, organization impact, and operational efficiency.

In this scenario, "Locus Solutions' focus is on educating the customer, by working with them to build an outcome based strategy, and then bring in technology that would only add value to their business," affirms Lakhotia. Enabling a paradigm shift for organizations, the company realizes a strong current around machine learning and cognitive intelligence and the ability of machines communicating with each other through M2M and IoT. "That is where we are heading," says Lakhotia. With the company's partnership with IBM that supports customers in the technology and analytics front, Locus offer solutions wrapped with strategic business focused plans to facilitate their customer's transformation.

Locus Solutions in Action

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