Discussion with Soham Mazumdar, Co-Founder and CEO, on data analysis firm WisdomAI
In the dynamic world of technology, a new player is making waves in the realm of data analytics - WisdomAI. Founded in 2023 by Soham Mazumdar, a seasoned professional with two decades of experience in software architecture and AI innovation, the company has quickly established itself as a formidable force in the industry.
Mazumdar, who has previously held leadership roles at tech giants like Facebook and Google, and co-founded the mobile loyalty platform Tagtile, which was acquired by Facebook, saw a critical issue during his time at Rubrik. Large enterprises were overwhelmed by data but lacked effective ways for most employees to access and use data insights in their daily work. Despite robust data infrastructure, less than 20% of enterprise users had meaningful access to data, resulting in a systemic problem WisdomAI aims to solve by putting data insights at every employee's fingertips.
WisdomAI focuses on enterprise data utilization, leveraging AI and data analytics to empower users. The company's core product is an agentic data insights platform that works with various data formats and is compatible with major cloud data services. This platform delivers a 50% accuracy improvement over the closest competitor for an F500 oil and gas company, ConocoPhillips.
One unique aspect of WisdomAI's product development is the use of a method called "vibe coding." This technique involves building product experiences directly in code first, then iterating through real-world use. This approach enables early validation with users and rapid refinement of user experience, leading to more effective and widely adopted products.
In the past six months, WisdomAI has made significant strides, landing its first Fortune 500 customer and officially coming out of stealth in May. The company showcased its offerings at the Snowflake Summit in June. Prior to WisdomAI, the company kicked off its first pilot with a fast-growing startup a year ago.
The platform enables business users to ask questions and drill into details, without needing to work with analytics teams. It addresses challenges such as working with 'dirty' data, bottlenecks with rigid dashboards, and siloed information by using generative AI to formulate well-scoped queries.
Looking ahead, WisdomAI aims to move the future of analytics from specialist-driven reports to self-service intelligence accessible to everyone. The company positions itself strongly in cloud engineering, artificial intelligence, and data sectors, aiming to transform how data drives decisions in enterprises.
With its innovative AI application in enterprise data access and a commitment to continued innovation in AI-driven data products that enhance user accessibility and effectiveness, WisdomAI is poised to revolutionize the data insights landscape for businesses worldwide.
References: [1] Interview with Soham Mazumdar, Founder and CEO of WisdomAI [2] Company website and press releases
- Soham Mazumdar, the entrepreneur behind WisdomAI, aims to transform the way data insights are accessed and used in businesses, bridging the gap between robust data infrastructure and employee engagement in data analyses within the realm of finance and business.
- As technology continues to evolve, WisdomAI, a leader in data analytics, positions artificial intelligence at the forefront of its innovations, developing cutting-edge solutions that incorporate AI and technology to empower businesses, thereby driving more informed decisions and fostering growth in entrepreneurship and industry.
