Lumenore registered strong growth in 2022, growing at 114% in markets like EMEA, APAC and the US
2022 was the year of realization of the importance of data analytics. As we move forward, data analytics will be mandated across all verticals in 2023
Mr Naren Vijay, EVP – Growth, Lumenore
As a company – how Lumenore has performed in 2022 in the Indian end-user market?
Lumenore registered strong growth in 2022, growing at 114% in markets like EMEA, APAC and the US. We have got ten new customers onboard in the past year. One of the most important collaborations was with the National Health Mission of India, which adopted Lumenore to utilize healthcare data effectively. We have also signed up 12 new partners. In a nutshell, 2022 has been a successful year for Lumenore in the domestic and international markets.
What is Lumenore’s suite of applications, and how is it helping organizations make sense of all the data they have at their disposal?
Lumenore has a comprehensive set of solutions under its umbrella. The product is built by combining several key features. The suite of applications from Lumenore is as follows:
- Lumenore Connect: Allows you to bring data from multiple data sources to a single repository.
- Lumenore Data Layer: Allows Data engineering and Data modelling to define data processes to streamline the data journey for analytics.
- Lumenore Self-Service: Helps business users build Dashboards and reports on the no-code framework.
- Lumenore Ask Me: Conversation Analytics module that allows instant analytics using a Google-like search engine (Natural Language querying).
- Lumenore Do You Know: Augmented Analytics enabled on no-code to create meaningful insights like Predictions, Correlations, trends, and outliers using the ML Algorithm without writing a single line of code.
Please share the key trends in AI and Data Analytics that you foresee in 2023.
Data literacy and data-driven cultures have been on the rise, and the pandemic has further accelerated the adoption of digital solutions. Self-service business intelligence solutions like Lumenore will continue to impact the market as it is required at all levels of an organization. Automation, predictive intelligence, augmented analytics, and AI-powered intelligence is expected to be the key trends in 2023.
How is Lumenore tapping these market trends for growth?
We have been focused on building these capabilities in our products. Our approach has been to create end-to-end data solutions that can be used by a business to derive actionable insights. We handhold companies throughout their data journey, from consolidating data to deriving values from it which helps in making successful decisions. This approach has helped achieve a solution that can create relevant organizational intelligence accessible to everyone in an organization.
How can BI platforms like Lumenore utilize augmented analytics capabilities and delve deep into business data?
We are already using augmented analytics capabilities in our solution. Our AI-powered and NLQ-based solutions, like the ‘Ask Me’ module, help users to access data easily. We also provide automated insights predicting future trends through our ‘Do You Know’ feature. Our focus is to build a data universe that handles the end-to-end data requirements of an organization. Additionally, our interactive dashboards allow users to delve deep into business data easily and deliver last-mile data capabilities for optimized decisions.
What are other milestones you achieved last year?
We have continued to build on the product and added several new capabilities. At the same time, we have expanded our team and registered a 50% increase in the overall headcount. We will continue upgrading our product with more advanced features to help companies use business intelligence capabilities entirely.
What is your road map for 2023?
2022 was the year of realization of the importance of data analytics. As we move forward, data analytics will be mandated across all verticals in 2023. Lumenore looks forward to building an ecosystem where everyone insists on business intelligence in an organization. We plan to follow the product-led approach that helps develop more solutions for end users. We will build a sales team in North America in 2023 and expand in APAC and EMEA regions. We are also looking forward to collaborating with large system integrators.
