Maxil Technology: Driving Business through Cognitive Computing

Kal Reddy, President & Founder and Raj Kosaraju, Co-Founder & CIO

The evolution of Cognitive Computing is very similar to the onset of commercial internet in the ’90s. With transformative technology trends such as big data, cloud computing, and machine learning powering cognitive computing, organizations are looking for solutions that can help them explore this technology for maximum business benefit. “Industries such as travel, retail, healthcare, and financial services, which have multi-structural datasets, are more likely to adopt cognitive computing for their organizational needs,” says Raj Kosaraju, CIO and co-founder, Maxil Technologies Inc.

Backed by a pool of technology professionals with extensive domain knowledge, Maxil Technology has exhibited immense dexterity in numerous e-commerce, healthcare, Fintech, and banking projects. All of their undertakings are driven by the singular objective of providing quality solutions and services coupled with superior customer experience. In order to cash in on this thriving market and provide value-based solutions, technology veterans Kal Reddy and Raj Kosaraju laid the cornerstone of Cognitive Computing. We optimize cognitive computing offerings through a data-driven approach that accelerates personalized customer experience.”

Currently, Maxil Holdings is invested in their move toward IPO, which is carried out by their affiliate company, Maxil Technology Acquisition Corp.

By going public, the company aims to empower the small and medium scale technology companies operating in the SAS, cloud, big data, IoT, artificial intelligence, and cognitive computing arena.

We optimize cognitive computing offerings through a data-driven approach that accelerates personalized customer experience

In the course of their journey Maxil Technology has built a significant client base and boasts of numerous success stories. In one such instance, a travel company struggled to streamline their trip planning processes. This is where Maxil Technology’s tool ‘Speed Activa’ came to the rescue. The tool Activa made the process of travel planning more personalized through a data-driven approach supported by cognitive computing. It allowed the travelers to ask questions in their natural language and provided customized result based on the wealth of the travel data extracted from various websites as well as insights gleaned about an individual’s vacation preferences. As a result, the travel company witnessed a surge in the number of bookings which was accompanied by improved customer satisfaction ratings, thereby augmenting the overall revenue and operational efficiency.

As a part of their future endeavors, Maxil is focused on planning and strategizing a next-generation product-line with an aim to improve the overall business processes of SMEs. Besides, the company envisions to enter the IPO space early next year. Besides, the company also looks forward to complete S-1 filing and approval in 2018. With each step forward, the company strives to add value to the technology landscape and equip customers with better cognitive computing capabilities that can help banking and insurance companies to identify risks and frauds. It analyses information to predict weather patterns. In healthcare it is helping doctors to treat patients based on historical data. In financial services, a cognitive sales agent uses machine intelligence to initiate contact with a promising sales lead and then qualify, follow up with, and sustain the lead. As Big Data gives the ability to store huge amounts of data, Analytics gives ability to predict what is going to happen, Cognitive gives the ability to learn from further interactions and suggest best actions. Despite the term issues, artificial intelligence is essential for and in, among others, information management, healthcare, life sciences, data analysis, digital transformation, security (cybersecurity and others), various consumer applications, next gen smart building technologies, FinTech, predictive maintenance and so much more. On top of that, AI is added to several other technologies, including IoT and big data analytics. We believe that the best is yet to come.