Seize the Business Opportunity before Competition Does!

Do you know that most businesses focused on the bidding business of government tenders typically rely on a conventionally run, informal information-gathering system through government departments via either in-house liaisoning teams or liaison agents? But this is becoming obsolete as the government departments in India are becoming more transparent thanks to technological advancements and various government-focused initiatives making more data available online.

Now even though government departments have been becoming transparent & are now publishing a lot of tender information; be it the new tender releases or tender result announcements, making sense of large volumes of data would mean gathering unstructured information from thousands of sources across the globe or locally before the companies could even start to align their in-house teams to run detailed analysis for various important business scenarios like pricing strategy, identifying partners, identifying large product categories or identifying large business trends etc.

As a reference for data size, Nexizo extracts information from 5 Crore (50mn)+ tenders from 80K+ sources. It is by far the largest source of government opportunities, which is categorized into more than 50 categories. In addition, there are 76 Lacs (7.6 mn) tender results in India. Its entire content database is more than double that of any other leading players available out there in the market.

Issues in handling large-size government data

Data-driven modernization can be daunting, not only for SMEs but even for mid or large organizations as that requires another level of cost and resource alignment and allotment along with time of course that will be required to build those systems. As much as an organization wants to make informed decision making, the cost of building and operating a data analytics team is high.

But having said that, it is possible to break down the large program into smaller programs and assess if there is part information that can be made available swiftly & accurately. This would still mean building a deep understanding of the government tendering portals, publicly available information, understanding different information structures for a given relevant authorities, etc. An activity that requires an organization to have that kind of talent pool and resources dedicated to only this.

What is the solution to get market intelligence on government opportunities to grow your government contacts' business manifold?

Nexizo.ai, India’s leading Govt. Tech Platform extracts insights from 5cr+ government tenders to power up your business intelligence teams by making available the required tendering history for specific attributes like product specs, make, model & brand in the past 5-8 years for specific locations within India.

In case your enterprise/SME is not that large enough to have an in-house team of data scientists who can run detailed analyses, Nexizo can power you up via its AI Center of Excellence - where it has skilled experts who apply descriptive, predictive, and prescriptive solutions to all types of business challenges and generate key insights & recommendations specific to your business needs. Nexizo’s enterprise customers are specifically on the lookout to power up their market intelligence teams by understanding competitor bids to make sure that they focus on the right opportunity, at the right value.

Nexizo helps you truly unlock the value of tendering histories for your purpose even when the data sets are vast, massively diverse, and entangled across 7K+ authorities. We have mapped, and parsed all relevant information pieces from within the tender description, NITs, BoQs, and BOQ comparative charts; and have structured a lot of unstructured/different templates irrespective of the authority. We can easily query vast amounts of tender documents, about 40L+ at the last count to the extent of mapping even use cases like final bid evaluation criteria such as QCBS, QBS, LBS, Turnover Criteria, etc.

Nexizo typically extracts 45+ data points using NLP & ML and normalizes them into a single schema across 52+ categories so that you can use that information readily for your market intelligence purposes. Its off-the-shelf APIs allow real-time information sync for clients who want to power their data science teams.

What does this mean for you as an enterprise/SME?

It means that you can use this information to help your company identify the potential buyers, partners, suppliers, and project financiers, and build your competition intelligence by finding vital insights that are hidden in this data. Now even if you don’t have an in-house analytics team, you just need to connect with Nexizo’s solutions team and they can help you identify & propose the right solution for you.

In a nutshell - modernize your approach to data-first and power up your business development team with real-time insights for smarter decision-making to help you expand your business, and always stay ahead of your competition.

Get solid recommendations to expand your business with the government, with Nexizo’s advanced AI logic based on your interest areas & geographies from within a 5 Crores+ tenders database. To connect with the solutions team, just share your query with the Nexizo support team, and our solutions experts will reach out to you.