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Transwarp: Unlock the Power of Big Data and AI
Today the big data vision is getting bigger and more ambitious in China, paving the way for AI development. While organizations across diverse industries are adopting AI and big data, they find themselves in a predicament while aligning big data initiatives with the strategy of their organizations, and validating their efforts with Key Performance Indicators (KPIs). According to Yuanhao Sun, CEO, Transwarp, typically in a large company, the different departments or units construct their own infrastructure for big data or AI, which leads to a phenomenon much like in different chimneys. “Similar to apartments, these departments construct their own big data and AI platforms and applications that are like independent chimneys (not interlinked). These varied chimneys lead to a big waste of resources,” he adds.
This is precisely what Transwarp intends to change. One of China’s leading enterprise software companies, Transwarp specializes in delivering big data, artificial intelligence, and data cloud software platform. Unlike most big data vendors, Transwarp believes in building a uniform big data platform and infrastructure that can help the organizations optimize and distribute the resources in the platform to different units. Transwarp has a broad and deep product line that can substitute for most of the infrastructure stack sold by incumbent enterprise software vendors. The company’s big data platform includes analytics database, streaming analytics engine, operational database, search engine and management, and security products. Transwarp has also developed a hybrid cloud analytics platform that uses docker and Kubernetes to provide multi-tenancy and elasticity.
With more than customers across 20 verticals, including financial services, energy, manufacturing, transportation, and public sector, Transwarp is already creating waves across industries with its impressive product line. In an instance, Transwarp was approached by one of China’s most renowned and largest low-cost aviation companies, Spring Airlines, which flies over 80 aircraft in both domestic and overseas locations, and produces around eight billion pieces of data every day. As a low-cost carrier, its focus was to curb overall costs. However, with a lack of an integrated data management and analytics platform, it was difficult for the company to understand the patterns of expenditure, and clearly, it needed a solution to manage a large amount of data generated every day.
The leading Shanghai-based big data and AI platform and software provider, Transwarp, came to the company’s rescue. As an expert in the field, Transwarp built a big data platform and a data lake, with its patented Transwarp Data Hub (TDH). The aim was to help Spring Airlines save expenditure on fuel. However, this was difficult to achieve without the new planning of the routing.
We communicate with our customers or potential customers to know their business logic and business needs. We think of them as a whole, not some isolated departments or units
Being an independent product developer, without depending on a Hadoop Ecosystem or MPP, Transwarp has already formed an enormous customer base in the government sector, which comprises 28.5 percent of its total customer distribution, followed by 26.4 percent customer base in the finance sector. For several customers in finance, Transwarp has designed an integrated smart finance solution that comprises internet finance, investment bank, operation management, research, asset management, and more.
Despite being limited within the Chinese market, Transwarp has made such significant strides majorly by leveraging its customer-centric approach to solving client challenges and delivering the appropriate solutions. Sun mentions that customer-centricity is a part of the company’s corporate culture. “We communicate with our customers or potential customers to know their business logic and business needs. We think of them as a whole, not some isolated departments or units,” he adds. By leveraging this approach, Transwarp could eradicate the presence of invisible chimneys within organizations, link each department’s action with the other, and evidently, eliminate the massive waste of resources. Transwarp’s support for all standard APIs further simplifies its solution deployment process. Besides, its Sophon AI platform has turned out to be path-breaking by replacing the traditional databases and providing better data analysis in different organizations.
On a mission to enhance the quality of life through innovative technology and services, the company has gained over 1,600 customers across industries within six years of its establishment. Besides, the company also provides professional training in big data, and to further train young minds, it has established Transwarp University, which is spread across 21 provinces in China. In May this year, Transwarp was accredited as SG:D ACCREDITED Program. Recently, Transwarp has branched out to Singapore, Canada, and the US, and, moving forward, it is planning to further strengthen its global exploration strategy.
Tencent-Backed Database Firm Transwarp Gets $71M Fund From CICC-Linked Fund.