Nexizo surfaced potential opportunities worth $10 mn across multiple geographies for this IT giant

The Company

This IT giant is a prominent player in the IT services industry, not only in India but globally as well. It is known for its commitment to innovation and technology-driven solutions and has played a very significant role in India’s IT industry growth and globalization. Providing a wide range of services that include consulting, business process outsourcing, software development, and application management to clients across various industries. One of the key growth sectors for the company is Government Opportunities across multiple geographies.

Find how this IT giant got 99% accurate business opportunities worth 10 Mn USD with Nexizo’s context-driven data feed solution

Challenge

Before their association with Nexizo, they relied on simple tender aggregation websites that would simply share a daily feed of tenders wherein keywords would be mentioned in Tender descriptions or summaries. That meant that they would get hundreds of tenders week on week, then they would be sorted and the most relevant tender info leads were identified by the team to be pursued further. So while their tendering solution helped them identify relevant tender opportunities it had a lot of irrelevant tenders as well. In addition, there would be delays with tender publishing so the information wouldn’t get transmitted timely. Accordingly, there was weekly bandwidth dedicated to sieving through the feed and keeping a parallel track so that they pick the relevant ones, drop the irrelevant ones, and ensure they weren’t missing anything valuable.

To further share the gravity of the problem, to find relevant IT consultancy tenders for banking/financial institutions meant relevant & latest opportunities were to be identified from within the daily influx of 10,000 tenders across 2,800+ authorities globally for 400+ keywords. Their team opened up to Nexizo on the challenges they had been facing in terms of getting the contextually relevant and qualified tenders info/leads in real-time.

Solution

Nexizo understood this complexity, as the team had been working on building the entire algo on tenders search for the last couple of years. The right solution wasn’t straightforward though, it had to be customized from the backend using advanced search engine recommendation logic. Within a matter of days, Nexizo came up with a solution using contextual search logic built into their core search engine using AI & ML. Once the Nexizo data feeds started flowing to their team, they shared a curated list that the team could rely on. They were quite satisfied with the daily tender recommendation as it helped their business teams to focus their energies on generating new business. Over the last 6 months opportunities worth 10 MN USD have been tracked for closures. Nexizo's recommendations have been 99% accurate for the company.

Benefits for the IT giant

Nexizo’s solution of customized data feeds solved this IT giant’s daily hassles of not getting contextually relevant and qualified tenders info/business leads. Nexizo’s solution helped in not only breaking down and simplifying their complex problems but also giving them 99% accurate and relevant data feeds. For example, the data feeds not only major banking institutions but also the financial verticals of the non-banking sector which are looking for IT/consulting services for themselves.

Now their team doesn’t have to put in additional hours and resources in further sorting out the relevant tenders data from the shortlisted data feeds. What they receive from Nexizo is ready to use immediately, as it’s 99% accurate & contextually relevant for them. It saves them time, money and most of all it has majorly amplified their chances of bidding for relevant tenders in time without missing on any of them.