AntWorks recognized as an Innovator in Avasant’s IA Tools 2019 RadarView™ Report

Among endless service provider options, novel and disruptive mechanics in innovation brings recognition as an Innovator for Intelligent Automation Tools 2019.

IA Tools 2019 Innovator 252x300 - IA Tools 2019 AntWorks RadarView™ Profile
IA Tools 2019 1 - IA Tools 2019 AntWorks RadarView™ Profile

Offers Cognitive Machine Reading using fractal science capabilities. Leverages partners to drive vertical focus and add deployment options.

  • Innovator 2019 IA Tools RadarView™ Report

Avasant Analyst Insights

Product Maturity

  • The ANTstein platform is built using fractal science and has 3 building blocks: Availability, Usability, and Mobilization (AUM). It supports end-to-end processing, from the capability to read, identify, classify and digitize data, establishing data certainty and enrichment from external sources, to decisioning or transacting data using its own RPA stack or API-based consumption or microservices.
  • It took a different approach towards machine vision and combined image recognition with NLP modeling, object recognition, fractal based machine learning, cognitive learning and heuristics to built Cognitive Machine Reader (CMR). CMR does not use and is completely different from OCR.
  • It also offers vertical point bots that are 80% ready and need 20% customization for domain-specific tasks. Examples include TaxBot and TitleBot.
  • In terms of security, its in-house credentials vault stores the user IDs and passwords in an encrypted manner and offers a multi-layered security solution.
  • It introduced its partner program last year and since then, built a network of more than 50 partners (SIs and ISVs). These partners bring geo and vertical play. For instance, it partnered with Chazey Partners to expand its presence in Latin America; and with Ideas2IT, it tapped into the education vertical.
IA Tools Innovator badge - IA Tools 2019 AntWorks RadarView™ Profile

Enterprise Adaptability

  • With its leadership team coming from back/front-office BPO background where resource utilization, infra utilization, business continuity were the prime KPAs, they brought these principles to digital operations management. Hence, it offers no-code/low-code solutions to design bots faster, increase bot productivity through cognitive responsiveness, offer multi-tenancy to optimize bot’s utilization, and self-healing capability to manage system failures.
  • With the help of its partner network, it added cloud as a deployment option. Enterprises can leverage the services of one of its cloud providers.
  • It offers implementation support to its customers and recently launched LMS, a self-certification program in English and Japanese.
  • It incentivizes customers by reducing implementation-related fixed costs for the initial year and offers additional modules at adiscounted price.

Innovation Roadmap

  • In July 2018, AntWorks raised USD 15M through Series A funding from SBI Holdings to drive growth by expanding its marketing and sales channels along with entering new markets including investments towards R&D.
  • It plans to invest most of the organizations budget in improving its tools, including smarter BOT development to cut the development time in half and drive localization through NLP with a multi-lingual feature.
  • It continues to upskill internal talent by organizing events/hackathons where participants are required to solve a real-life problem within a limited time. It also participates in consortiums, annual events, and summits for brand building, delivering thought leadership sessions and lead generation.
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