A Projects Intelligence company leverages Nexizo to aggregate Govt. Projects info for its clients by cutting down up to 50% of manual work

Company

The company is an end-to-end Infrastructure project tracking platform. It provides insights about various ongoing, upcoming, or completed infrastructure and industrial projects in India in the form of news, media articles, project consultants, project sponsors, and other key elements of significant importance to the supplier network. By offering project details, financial information, new updates/changes, contract awarded, project statistics, and contact details of key stakeholders. This company is a valuable resource for businesses, investors, and professionals seeking to explore business/investment opportunities or stay updated on India’s infrastructure developments. Its platform facilitates project planning, investment decision-making, and market research within the Indian business landscape. To publish this kind of end-to-end curated information on projects, the company primarily needed a reliable partner who would supply them with relevant tender information consistently.

Find how this project intelligence company got relevant tender info with up to 98% prediction accuracy from Nexizo data feeds

Challenge

The company focuses majorly on gathering intelligence on infrastructure projects both Private & Government. Government projects increasingly have formed a significant % of infra projects. For that matter, it has doubled over the last 3 years. They subscribed to daily feeds from various tender aggregation websites, which sent them a daily dump of 2000+ tenders, putting pressure on their team to sort and pick the most relevant tenders from large volumes of the data dump. They set up a small team to manually go through the entire data dump and look for the relevant tender info. But this was a tedious task, giving room to a lot of manual errors. It further delayed their mapping to ensure the right tenders were identified against specific projects and then published the same, which meant that the information wasn’t reaching their audience timely.

Solution

The challenge for this company was largely about trying to get as accurate tenders' info data feeds as possible. They had been getting a lot of data, but a very small number of that would be accurate for their needs, which was to create an end-to-end comprehensive information package on the infrastructure projects in India.

Nexizo started working on the solution iteratively. They took a sample data dump from them as a training set to build a recommendation engine, based on their need. Now they filtered the data into relevant and irrelevant feeds and shared it back with their team through their APIs. With the team’s feedback, Nexizo’s team then re-ingested the data back into the model. After 3-4 such iterations, the model’s prediction accuracy for the data feeds went up to 98%. Now instead of thousands of large data sets, this Projects Intelligence company had to review only a couple of hundred highly accurate tenders info. Using the feedback–iteration–feedback loop, Nexizo improvised on the solution to provide highly accurate tender data feeds to them. Furthermore, Nexizo’s solution is available on API which would mean that the selected tenders could be automatically pulled into PT’s database schema to show up on their systems. The entire loop cut down the company’s manual work by at least 50%

Benefits for Projects Intelligence Company

Nexizo’s approach to solving the company’s challenge of getting the most accurate data feeds comes from the outlook that they believe every client’s problem is different and hence one size fits all solution is not the way to operate. Nexizo’s key strength is in offering customized solutions, but its power is derived from the modular AI/ML-powered platform. The company is now focussing on creating the most accurate and comprehensive information on the projects they work on. They no longer need a dozen resources just for sorting the relevant from irrelevant data manually, as that task is already done by the custom data feed powered by Nexizo’s RE (recommendation engine). This has also helped them get positive feedback from their clients, as they are only passing on the most accurate information in real-time, which means its relevance is further amplified