NEW YORK, May 12, 2021 /PRNewswire via COMTEX/ — NEW YORK, May 12, 2021 /PRNewswire/ — Fractal, (fractal.ai), a global leader in artificial intelligence and analytics, powering decisions in Fortune 500 companies, today announced its participation in CB Insights Tech Market: Digitizing P&C Insurance taking place on May 13-14th 2021. Fractal’s Chief Practice Officer for Insurance and Technology, Sankar Narayanan, will be speaking at “Tech Showcase: Computer Vision for Underwriting & Claims“. The event will bring together over 400 top executives and insiders for discussions and presentations on some of the most pressing needs and innovative solutions.

The talk will feature Fractal’s Image and Video Analytics (IVA) solution and demonstrate how it enables #betterdecisions for P&C Insurers. IVA is Fractal’s deep-learning based solution that is used by insurers to analyze images/videos/complex documents at scale, during underwriting and claims stages. During underwriting, it is used to assess value and estimate coverage with precision and during claims it is used to assess severity and estimate settlement amount, at speed. IVA has been ranked as one of the differentiated products in The Forrester Wave on Computer Vision Consultancies, 2020. More details on the solution can be found here.

IVA reduces inefficiencies and limitations that Insurers are facing today as it requires significantly lesser training data (one of the biggest problems associated with computer vision solutions), has anywhere deployment to allow “Ambient Intelligence”/ “Embedded AI” so that the algorithms can scale cross embedded systems (devices/IoT systems) / cloud and hybrid architecture and incorporates two patents (a) patent for hierarchical classifiers of DL architecture and (b) self-supervised learning for identifying patterns.

“Improved effectiveness and increased efficiency lead to Better Decisions”, said Sankar Narayanan, Chief Practice Officer – Insurance, Banking & Technology, Fractal. “Insurers are dealing with many impeding factors such as legacy technology, data inconsistencies, and process friction in addition to the external pressures caused by the prevailing interest rate environment and nimbler competitors. Computer Vision techniques offer great promise in leveraging alternative data sources to reduce underwriting and claims cycle time, and digitize parts of the process, leading to lower expense ratios and better customer experience. I look forward to the opportunity to discuss these challenges and solutions alongside so many great minds at this year’s CB Insights Tech Market”.

For more information on Fractal, please visit: www.fractal.ai

About Fractal

Fractal is one of the most prominent players in the Artificial Intelligence space. Fractal’s mission is to power every human decision in the enterprise and brings AI, engineering, and design to help the world’s most admired Fortune 500 companies.

Fractal’s products include Qure.ai to assist radiologists in making better diagnostic decisions, Cuddle.ai to assists CEOs, and senior executives make better tactical and strategic decisions, Theremin.ai to improve investment decisions, and Eugenie.ai to find anomalies in high-velocity data.

Fractal has more than 2000 employees across 16 global locations, including the United States, UK, Ukraine, India, and Australia. Fractal has consistently been rated as India’s best companies to work for, by The Great Place to Work® Institute, featured as a leader in the Computer Vision New Wave™ 2020, Specialized Insights Service Providers Wave™ 2020, Customer Analytics Service Providers Wave™ 2019 by Forrester Research, and recognized as an “Honorable Vendor” in 2021 magic quadrant for data & analytics by Gartner. For more information visit: www.fractal.ai

Message from Fractal Group CEO & Co-founder on COVID-19

A time for compassion, empathy, and resilience: We are in this together

India is experiencing an unprecedented COVID surge (more than 2.2 million new cases and 16,000 deaths last week). India’s hospitals are at capacity and are highly stressed.

There is a great sense of unease, anxiety, and fear everywhere. We hope that you, your loved ones, and your colleagues are safe.

Our team in India, working from home across more than 160 cities, is battling this sudden surge. Many Fractalites are experiencing symptoms, or are caregivers to loved ones, or are dealing with mental health situations brought about by the pandemic.

Fractal’s Critical Events Team (FACET) is working 24×7 to ensure that we are doing everything to support our people. We have been taking a series of measures to ensure the health and well-being of all Fractalites. Since March 2020, FACET has monitored and supported Fractalites by:

  • Providing access to high-quality information (reducing infodemic stress), psycho-social support through proactive outreach, medical partnerships, and more.
  • Access to physical and mental health resources like access to high-quality coaches and therapists.

On April 20, 2021, we have also initiated a corporate vaccination program in India. Fractal partnered with Apollo Hospitals Group for pan India vaccination. Kavach 2.0 program offers pre-vaccination support, inoculation, and post-vaccination support to all Fractalites and their loved ones who meet the vaccination criteria. The program is at no cost to Fractalites.

We continue to work from home and continuously assess the impact of the COVID – 19 surge on our people and clients. We have activated our Business Continuity Plan to manage disruption wherever applicable.

Our heartfelt gratitude to all the healthcare and frontline teams, working tirelessly in the pandemic. Fractal CSR continues to support the community, especially frontline healthcare workers and economically disadvantaged lady scholars. Fractal has also contributed its Analytics and AI expertise to assist the Government of India with critical decision-making in managing disease spread, managing healthcare outcomes, restarting the economy, and citizen engagement.

Words feel inadequate to describe the immense pride and appreciation I have for Fractalites, clients, and partners as we demonstrate support for one another.

We will all get through this crisis together.

My thoughts and prayers are with everyone at Fractal and their loved ones.

Srikanth Velamakanni
Co-founder, Group Chief Executive and Vice Chairman,
Fractal

April 26, 2021

NEW YORK, April 15, 2021 (PR Newswire Europe via COMTEX) — Fractal and Google Cloud are partnering to deliver AI and analytics offerings in the cloud to drive scalability, efficiency, and innovation for clients.

NEW YORK, April 15, 2021 /PRNewswire/ — Fractal, (fractal.ai), a global leader in artificial intelligence and analytics, powering decisions in Fortune 500 companies, today announced a partnership with Google Cloud. With this partnership, Fractal will leverage Google Cloud and its advanced capabilities to deliver ‘Cloud Analytics and AI’ services, solutions, and products to Fortune 500 companies enabling them to become ‘Cloud Ready’ and address their digital transformation needs.

“We are delighted to announce this partnership with Google Cloud. As a Google Cloud partner, we aim to bring to market, innovative solutions that combine our native AI and analytics capabilities with Google Cloud’s scale and capabilities,” said Pranay Agrawal, Co-founder & Chief Executive Officer, Fractal. “We are confident that this partnership will enable fast and smooth adoption of AI for enterprises and help them in their digital transformation journey.”

“Enterprises are increasingly leveraging AI capabilities, including those from Google Cloud and from our partners like Fractal, to help them make decisions efficiently and effectively,” said Nirav Sheth, Director, ISV & Partner Sales at Google Cloud. “We’re pleased to partner with Fractal and to deliver their capabilities in analytics and AI at global scale on Google Cloud.”

“Cloud Integration is a top priority for organizations looking to focus on delivering mission critical services and innovation with agility,” said Satish Raman, Chief Strategy Officer, Fractal. “As a Google Cloud partner, we now have access to an advanced cloud platform and are able to leverage our expertise on cloud in order to facilitate accelerated digital transformation for our clients.”

“Fractal’s Google Cloud Practice will enable our Fortune 500 clients with ‘Cloud Analytics & AI’ solutions, products & services that are customized for CPG, Retail, TMT, HLS and FSI industries to – deliver increased revenue & profitability, accelerate innovation & market adoption and drive new revenue & user growth” added Miten Mehta, Global Alliance Officer, Google Cloud, Fractal.

About Fractal

Fractal is one of the most prominent players in the Artificial Intelligence space. Fractal’s mission is to power every human decision in the enterprise and brings AI, engineering, and design to help the world’s most admired Fortune 500 companies.

Fractal’s products include Qure.ai to assist radiologists in making better diagnostic decisions, Cuddle.ai to assists CEOs, and senior executives make better tactical and strategic decisions, Theremin.ai to improve investment decisions, and Eugenie.ai to find anomalies in high-velocity data.

Fractal has more than 2000 employees across 16 global locations, including the United States, UK, Ukraine, India, and Australia. Fractal has consistently been rated as India’s best companies to work for, by The Great Place to Work(R) Institute, featured as a leader in the Computer Vision New Wave(TM) 2020, Specialized Insights Service Providers Wave(TM) 2020, Customer Analytics Service Providers Wave(TM) 2019 by Forrester Research, and recognized as an “Honorable Vendor” in 2021 magic quadrant for data & analytics by Gartner. For more information visit fractal.ai

NEW YORK, April 13, 2021 /PRNewswire via COMTEX/ — NEW YORK, April 13, 2021 /PRNewswire/ — Fractal ( https://fractal.ai ), a global leader in artificial intelligence and analytics, powering decision-making in Fortune 500 companies, today announced general availability of Fractal’s artificial intelligence (AI) solutions – Cuddle.ai, Concordia and Foresient – on Amazon Web Services (AWS). With this announcement, Fractal further strengthens its Cloud AI strategy — to allow businesses to accelerate digital transformation using AI and analytics on the cloud. AWS’ infrastructure provides access to compute, storage & services resources that will allow Fractal’s solutions to churn & process huge data sets faster, enabling rapid deployments with high availability.

“We’re excited to offer Fractal’s AI solutions on AWS platform. Today, companies are increasingly looking to move their analytics workloads to the cloud to attain higher efficiency & productivity with cost savings,” said Pranay Agrawal, Co-founder and Chief Executive Officer, Fractal. “With our deepening relationship with AWS, we strive to enable businesses across industries to derive greater value from their data and ultimately drive better business outcomes.”

“By leveraging the power of AWS, we can help our clients accelerate their AI powered digital journey on the cloud with highly scalable and agile deployment of our software solutions and products to generate real time business insights and decision-making capabilities,” said Satish Raman, Chief Strategy Officer at Fractal. “Clients now have an opportunity to make informed and high-quality decisions on-the-go and we look forward to continue working with AWS to solve complex business problems by leveraging innovative AI, machine learning cloud engineering and data management solutions on AWS.”

The three solutions made available on AWS are – Cuddle.ai, Concordia and Foresient. Cuddle.ai – an Augmented Analytics platform that uses AI to reduce friction between business users and their data, helping accelerate the consumption of data and analytics. Concordia – a scalable machine learning-based data unification and harmonization platform specially designed to handle large volume and complexity of data. And Foresient is Fractal’s state-of-the-art AI empowered platform to forecast at high accuracy, scale and speed.

While running on AWS, clients will benefit from scalability, faster time to execution, strong technical support & high availability features. Additionally, AWS offers connectivity with high- performance cloud data warehouses like Amazon Redshift.

About Fractal

Fractal is one of the most prominent players in the Artificial Intelligence space. Fractal’s mission is to power every human decision in the enterprise and brings AI, engineering, and design to help the world’s most admired Fortune 500® companies.

Fractal’s products include Qure.ai to assist radiologists in making better diagnostic decisions, Cuddle.ai to assists CEOs, and senior executives make better tactical and strategic decisions, Theremin.ai to improve investment decisions, and Eugenie.ai to find anomalies in high-velocity data.

Fractal has more than 2,000 employees across 16 global locations, including the United States, UK, Ukraine, India, and Australia. Fractal has consistently been rated as India’s best companies to work for, by The Great Place to Work® Institute, featured as a leader in the Specialized Insights Service Providers Wave™ 2020, Computer Vision Consultancies Wave™ 2020 & Customer Analytics Service Providers Wave™ 2019 by Forrester Research, and recognized as an “Honorable Vendor” in 2021 Magic Quadrant™ for data & analytics by Gartner. For more information visit fractal.ai

NEW YORK, Jan. 15, 2021 /PRNewswire via COMTEX/ — NEW YORK, Jan. 15, 2021 /PRNewswire/ — Fractal, (fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced the acquisition of Zerogons, for an undisclosed amount. This acquisition will help strengthen Fractal’s Cloud AI business and accelerate the ‘data to decisions’ journey for its Fortune 500® clients.

Pranay Agrawal, Co-founder and Chief Executive Officer, Fractal, said, “Sandeep and Divya have built a world class AI/ML engineering platform and team at Zerogons. Cloud is the home of AI, and we are excited to partner with Zerogons to operationalize AI for our clients through cloud and engineering.”

Ajoy Singh, Chief Operating Officer, Fractal, said, “We are delighted to welcome the capable team at Zerogons to Fractal. This acquisition strengthens our Cloud Engineering and AI offerings and helps us deliver high velocity and value in our continuing journey to power every human decision in the enterprise.”

Sandeep Mehta, Co-founder, Zerogons said, “We are happy to become a part of one of the leading AI companies in the world. Fractal shares our vision of building the most innovative AI & ML solutions for the industry. With enterprises increasingly demanding cloud based AI solutions to solve both, their immediate challenges and longer term growth objectives, we are well placed as a combined entity to accelerate our clients’ digital journey.”

Divya Rakesh, Co-founder, Zerogons said, “We are excited to join a market leader in the AI space. We see tremendous synergies in our joint vision for AI, and together we will help our clients in realizing their short-term and long-term digital transformation objectives”.

About Fractal

Fractal is one of the most prominent players in the Artificial Intelligence space. Fractal’s mission is to power every human decision in the enterprise and brings AI, engineering, and design to help the world’s most admired Fortune 500® companies.

Fractal’s products include Qure.ai to assist radiologists in making better diagnostic decisions, Cuddle.ai to assists CEOs, and senior executives make better tactical and strategic decisions, Theremin.ai to improve investment decisions, and Eugenie.ai to find anomalies in high-velocity data.

Fractal has more than 2,000 employees across 16 global locations, including the United States, UK, Ukraine, India, and Australia. Fractal has consistently been rated as India’s best companies to work for, by The Great Place to Work® Institute, featured as a leader in the Specialized Insights Service Providers Wave™ 2020, Computer Vision Consultancies Wave™ 2020 & Customer Analytics Service Providers Wave™ 2019 by Forrester Research, and recognized as an “Honorable Vendor” in 2020 Magic Quadrant™ for data & analytics by Gartner. For more information visit fractal.ai.