Big data is big. And startups see bigger opportunities in it. Aureus Analytics is one such company that has ambitious plans. Big Data analytics is set grow to $50 billion by 2020. NASSCOM estimates that at the current rate, data is set to grow close to 44 times in the next five years. Reports also state that in North America alone, over 60 per cent of the financial services consider Big Data analytics a source of competitive edge. “Of this market, we estimate the addressable market for our products to be around $15 billion, mostly in software and associated services,” says Anurag Shah, the CEO and Co-founder, Aureus Analytics.According to Shah, the global market opportunity for analytics solutions in the insurance industry alone is approximately $9-10 billion. Aureus Analytics in the news This Singapore-headquartered Big Data analytics startup has raised more than Rs 5 crore (around $850,000) in funding from a clutch of individuals through LetsVenture, an online platform that connects startups with accredited investors. Aureus Analytics has made it to the prestigious Microsoft accelerator. There were 2100 companies that had applied for a place in the Microsoft Accelerator program for 2016 and only 12 got selected. What is Aureus Analytics into? […]
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