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The finance industry is said to be the biggest consumer of big data. A recent survey states that 71 percent of companies in the financial services space globally are exploring big data and predictive analytics. However, even after being equipped with the top-grade data crunching capabilities such as predictive analytics and artificial intelligence engines, a multitude of businesses in this sector does not have the ownership of the data being ingested and hence lack the dexterity of curating the data that can help them develop industry specific solutions. This is where 1GFS comes into the picture addressing the requirement of creating more usable and applicable market specific solutions through its data aggregator. With the help of the data aggregation capability, the company combines financial technology and data analytics together with artificial intelligence creating its own analytics and AI platform to design industry specific solutions for its clients. One of the company’s AI-powered offerings is Shopaylytic –a data analytics platform, which is exclusively designed for F&B and retail sectors. Shaping their business over this model of targeting the retail and F&B sectors, the founders of 1GFS marked the beginning of 1GFS.
1GFS was started by a team of experienced professionals from fintech and identification business segments as a joint venture to create a fintech organization which infuses big data analytics in retail payments and provides a competitive edge to retail businesses by presenting them with insightful data to drive efficient decision making.
Fintech itself is a huge and disruptive market, but we are specifically focused on disrupting the retail side of it
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