Take Solutions forms US subsidiary for big data in life sciences industry

Take Solutions Ltd, the Chennai-based business technology solutions provider, has forayed into the big data market for the life sciences sector, by setting up Intelent - its new US-based subsidiary, with an initial investment of $ 3 million. Intelent aims to address the $300 billion healthcare and life sciences market (according to projections by McKinsey) by providing clients offerings in the areas of data integration and advanced analytics.
 
Noting the exponential growth in data volume and variety, and shortening of technology lifecycles, Take Solutions has set up Intelent to address the challenge of harnessing data from multiple streams to create a competitive advantage for its clients. This investment is expected to help organisations mine their mountain of data to fulfil business and operational needs along with compliance to reduce risk, accelerate timelines and boost returns. Born out of Take Solutions’ strong business domain and technology expertise in strategy and implementation, Intelent will provide organisations a platform for integrating and analysing data and deriving actionable intelligence.
 
Srinivasan H R, vice chairman & managing director, Take Solutions, said, “As domain experts in life sciences, we have understood the specific impact of this trend in business life cycles. There has been a growing importance of mining actionable insights from big data for strategic decision making in the life sciences space. This investment goes into areas of analytical data aggregation, mining and visualisation. Insights and intelligence derived from fast-moving data sets can help inform strategy decisions, spur innovation, inspire new products, enhance customer relationships and bolster operations.”