InferX Corporation, a market leader in next generation distributed Predictive Analytics and Business Intelligence Products and Solutions, today announced that it has signed a Memoradum of Understanding (MOU) with KG Information Systems Limited (KGiSL), part of KG Group of companies to develop solutions powered by InferX products and market to its client base in the Banking, Financial Services and Insurance (BFSI) and Healthcare sectors in the United States, India and globally.
The KG Group of companies will license InferX products and develop specific BFSI and Healthcare sector solutions under the guidance and collaboration of InferX technical managers and market to its client base. The solutions will feature InferX's proprietary Predictive Analytics (PA) technology to deliver next generation business intelligence solutions.
"The ability to enhance our current portfolio of business performance management solutions with InferX's real time, distributed predictive analytics technology provides us with a new competitive edge," said Sridharan Srinivasalu, Executive Director of KGiSL Group of Companies. "We are very optimistic about the outlook of our collaboration with InferX."
"Next generation PA for BFSI and Healthcare is essential for organizations that must quickly access large amounts of widely distributed data, often with varying protocols, structures and formats," said B.K. Gogia, InferX Chairman & CEO. "InferX's patented technology complements KGiSL's software solutions portfolio with a key feature -- real time global access to globally distributed structured and unstructured data sources, eliminating the need for centralized data warehousing."
InferX offers a Patented Distributed Data Analytics software that accesses, analyzes and performs predictive analyses in real-time on multiple, distributed, disparate data sources. InferX has pioneered and commercialized a proprietary suite of health care products to improve performance across healthcare delivery systems.
September 15, 2009
KGiSL inks MoU with InferX
September 05, 2009
Who pulled the trigger on Lehman?
On September 15, 2008 Lehman Brothers filed for Bankruptcy triggering the biggest ever financial crisis faced by mankind. Around 2 million jobs were lost in the US alone and it wiped out life long savings of millions of shareholders.
At its prime, Lehman Brothers was the fourth largest Investment Bank! As we are approaching the first anniversary of the Lehman collapse, which effectively started the subprime mortgage crisis, Channel 4 of UK has done an interesting investigative reporting.
So, who really pulled the trigger on Lehman?
August 28, 2009
Cognizant @ Coimbatore SEZ!
Cognizant Technology's (CTS) new campus @ KGiSL SEZ, made at a cost of Rs. 180+ crore, was inaugated by DyCM of TN, MK Stalin last Sunday. Spread in 23-odd acres inside KGiSL SEZ, the first phase has been built to accommodate over 6000 plus professionals.
Cognizant started Coimbatore operations in 2005 with approx. 50 professionals and have ramped up to over 2,200 professionals today. Apart from the newly inagurated campus, Cognizant has its presence inside the KGiSL Campus and the adjacent Kumaraguru College of Technology campus.
Read the various media reports here
August 05, 2009
KGiSL Metropolis
KGiSL, renowned for its IT/BPO ventures and educational institutions, has just launched its maiden venture in residential dwellings named "KGiSL Metropolis" near its upcoming SEZ in Saravanampatti.
KGiSL Metropolis consists of 288 single bedroom apartments (@695 Sq Ft each) and 108 Double Bedroom Apartments (@1185 Sq ft each).
KGiSL Metropolis is situated right at the entrance of Coimbatore's first IT Specific SEZ (Special Economic Zone) which already houses Cognizant Techonologies, Robert Bosch, Perot Systems, IndiaLand KGiSL, and Ugam Software.
It's also at a walkable distance from its main campus which houses KGiSL, KGfSL, SPi Healthcare, KGiSL College of Arts & Science, KGiSL - IIM, KG Eye Hospital etc.
For more details about the project, check out www.kgislmetropolis.com.
July 14, 2009
KGiSL to invest 600 crores in SEZ!
Hi-Tech Infrastructure Private Limited, promoted by Coimbatore-based KG Information Systems Limited (KGISL), plans to invest around Rs 600 core over the next two years in building a township at a special economic zone (SEZ), the first SEZ for IT and ITeS sectors being developed at Saravanampally in Coimbatore.
Speaking to Business Standard, KGISL Managing Director, Ashok Bakthavathsalam, said the company was developing the SEZ on 150 acre, of which 65 acre had already been allotted to Robert Bosch India, Cognizant and Perot Systems. Bosch is setting up a research and development centre in the SEZ with an investment of around Rs 250 crore.
Bakthavathsalam said the SEZ was expected to attract investments to the tune of Rs 2,000 crore and generate employment to about 15,000 people over the next two years. “KGISL alone will invest around Rs 600 crore in the SEZ, which will be funded through a mix of internal accruals and debt,” he said.
The company is planning to set up a budget hotel, 400 affordable houses and a hospital to supplement the upcoming industries in the SEZ, he said, adding that the company is open to join hands with private partners to promote the township.
“The SEZ will also help other industries to grow in this region. For instance, Robert Bosch facility will not only create additional job opportunities in Coimbatore, but will also benefit the manufacturing sector in and around Coimbatore as Robert Bosch is looking for partners to bring complimentary strengths to what it does,” Bakthavathsalam said.
Coimbatore, he said, will be the right destination for IT and ITeS companies, which are currently passing through rough times. A business process outsourcing (BPO) company, which will operate out of Coimbatore, can save up to $200 per seat a month when compared to Delhi or other major metros.
“Moreover, there are about 40 engineering colleges and 80 arts colleges, which are producing about 150,000 students every year. Availability of human resources is the biggest advantage.The establishment of the SEZ will also benefit the adjoining villages with the creation of non-IT jobs,” he said.
July 03, 2009
June 18, 2009
Horn Ok Please!
June 17, 2009
Saravanampatti Police Station!
Saravanampatti can now boast a police station of its own. The new building was inaugurated by DGP of TN, Mr. Jain two days back.
The new police station is located on the Kalappati Road, just 100 odd meters from Kalapatti Pirivu (Junction) where there's already a police check post.
Bad news is, now the cops can easily nab drunk drivers on weekends!! :-(
June 16, 2009
Reverse Exodus @ Kerala
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More than two million citizens of the southern Indian state of Kerala work abroad, with nearly 90% finding employment in the Gulf region. According to official estimates, between 200,000 and 500,000 of them -- particularly those working in Dubai -- are likely to be laid off and return home by midyear. Non-resident Keralites make up a significant percentage of the state's population, and they send back nearly US$8 billion in remittances annually, more than double the state's tax revenues. According to experts, the impact of the reverse exodus -- both economically and socially -- could be devastating.
Read the full article here - http://is.gd/12FQY
June 03, 2009
Swine Flu @ Coimbatore
Coimbatore has become the hot bed of Swine Fluin India with 2 confirmed cases and four more suspected ones.
A 34-year-old woman and her five-year-old son, who had come from Boston, US to Coimbatore on May 28, had tested positive for the H1N1 virus. They have been kept in a quarantine ward at the Coimbatore Medical College Hospital.
And unfortunately, a lady doctor who was treating them is now suspected to have developed flu like symptoms!!
According to TOI:
The doctor, who is treating two confirmed flu patients at the hospital, has developed fever and throat pain last evening. Her blood samples have been sent to the National Institute of Communicable diseases, Delhi, Dr Kumaran, Dean (incharge) of hospital told reporters here.
Meanwhile, three members of a family--husband, wife and daughter, who returned from Atlanta to Coimbatore this morning, have also been admitted for suspected flu symptoms, Kumaran said.
PS: Folks, pls be careful!
