LONDON, Aug. 25, 2022 (GLOBE NEWSWIRE) — Today Quantexa, a global leader helping organizations unify, contextualize and act on their data for trusted decisions, announced it has been chosen by Crown Commercial Service (CCS) to be a provider for its Big Data and Analytics Provisioning Framework.
The framework will allow ministries and local authorities to choose from a range of leading specialist providers to help unlock the value of data and improve public sector services. The framework will cover up to £2bn of potential spending over a four-year period, from 2022 to 2026.
Quantexa will respond to tenders for commercial off-the-shelf (COTS) software specifically for big data and analytics capabilities. The company’s technology will help government departments use data from their legacy systems and create a better understanding and single view of citizens, businesses or organizations across a wide range of use cases, including insight into citizens, the fight against fraud, data intelligence and data management.
Vishal Marria, CEO of Quantexa, commented: “WWe are proud to have been selected by the CCS as a potential supplier for this framework. The National Data Strategy highlighted how critical it is for government to more effectively automate querying their data to improve public services.
He added: “Quantexa Contextual Business Intelligence (CDI) The platform has already been selected by the Cabinet Office to detect fraud in COVID-19 loan schemes and help in the fight against financial crime. We look forward to the opportunity to provide the best entity resolution, graphical analysis, scoring and alerting frameworks to other departments and across the public sector to help them use their data to scale to unify their data, manage risk, ensure compliance, and identify opportunities for efficiency.
Quantexa is a global data and analytics software company pioneering contextual business intelligence that empowers organizations to make trusted business decisions by making sense of data. Using the latest advancements in Big Data and AI, Quantexa’s platform reveals hidden risks and new opportunities by providing a contextual, connected view of internal and external data in one place. It solves key challenges related to data management, KYC, customer intelligence, financial crime, risk, fraud and security, throughout the customer lifecycle.
Quantexa’s contextual intelligence platform improves operational performance with 90% better accuracy and 60x faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa today has over 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne and Sydney. For more information, contact Quantexa here Where follow us on LinkedIn.
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