SimaFore wins BlueSnap-eLance grant for participating in 1M/1M

Posted by Bala Deshpande on Thu, Jun 07, 2012 @ 09:09 AM

We are excited to announce that SimaFore was selected as one of the winners from a group of ten other up-and-coming companies for the 1M/1M Entrepreneurship program. 1M/1M aims to help a million startups achieve $1M in revenue by 2020 through business plan coaching, networking, helping to build partnerships with channel partners, key customers, and potentially Silicon Valley investors. Its methodology is heavily rooted in the philosophy of bootstrapping and crisp positioning. Program details are at www.sramanamitra.com.

Our mission at SimaFore is to democratize advanced analytics by making it accessible via on demand targeted learning modules and affordable customizable apps. IBM not so very long ago noted that the key challenges in analytics today are 

  1. Lack of skills among key analytics producers
  2. Lack of understanding of how to use analytics among strategic analytics consumers 

Our learning modules will aim to address the skills issue while our custom built apps aim to address the consumption issue. Our apps will be available as SaaS and are cloud based.  The current user base of analytics producers is less than 50,000 today and a McKinsey study projects the demand for deeply skilled analytics producers to touch 200,000 over the next few years. More than 90% of all companies in the US employ less than 5 people and much of these companies will form the core demographic of analytics consumers in the future. analytics for SMEs SimaFore will leverage its partnerships with open source data mining software maker Rapid-I and crowd sourcing platform, CrowdANALYTIX to make analytics accessible to every business from the smallest SMEs and up.

Tags: SME analytics, business analytics