As part of the study, Forrester interviewed senior decision makers with experience using the platform. The combination of these interviews, coupled with a financial analysis, revealed that the organization realized financial benefits from $44.61 million over three years compared to the costs of $9.28 millionadding up to a net present value (NPV) of $35.33 million and a return on investment of 381%.
“The best way to describe it is that we’re going through a real paradigm shift with Torch.AI,” one Torch.AI customer remarked. “Before Nexus, we basically had two different systems that were out of sync with each other. Torch.AI solves that problem for us, using data brokerage to ingest the information, break it down into data objects , mark them and govern the distribution of this.”
The study revealed several key benefits of using the Nexus platform:
- Improved availability and usability of data resulting in cost savings of $37.1M.
- Reduced manual data preparation time by 40%.
- Reduced cost of redundant data purchases totaling $7.5M.
- Enabling a data-centric architecture
- Reduced risk exposure, decreased vulnerabilities to hacks and data breaches.
- Reduction of organizational silos, improvement of the possibility of sharing and increase of
“We believe the Forrester study results reflect feedback we have consistently received from our customers,” said Brian Weaver, Chairman and CEO of Torch.AI. “We are making data easier to use for humans and machines. Torch.AI is both inspired and encouraged to continue to make unprecedented advancements in the industry.”
Nexus is an AI-powered data processing platform that rapidly improves data quality by incorporating state-of-the-art neural network architectures, some of which consist of billions of nodes. This technology obsoletes the requirements of slow and costly manual data engineering by automatically extracting, merging, aggregating and presenting data in real time, delivering quantum leaps in data quality, speed and ease of use.
Read it full report of the TEI study to learn more about the benefits associated with the Nexus platform.
We make it easy to use data. Torch.AI’s Nexus™ platform changes the paradigm of data and digital workflows, forever solving the major barriers caused by the ever-increasing volume and complexity of information. Customers benefit from a single unifying solution that begins by deconstructing and describing all data instantly, in real time.
Purpose-built for high-speed, large-scale data processing, the platform is equipped with security features, flexible data workloads, compliance capabilities, and drag-and-drop functionality unmatched in the landscape. current technology. The company’s solutions have helped fight fraud, secure information, make better, trusted decisions, scale operational capabilities and create better customer experiences.
To learn more about the company’s vision for AI unification, visit the website at Torch.AI