Corporate News     24-Jun-24
MapmyIndia's Rakesh Verma launches new data analytics company - ClarityX

MapmyIndia founders, Rakesh Verma & Rashmi Verma, today announced the launch of ClarityX (www.clarityx.ai), a company that is dedicatedly focused on providing enterprise clients with cutting edge and bespoke, customer-centric AI Driven Data Analytics & Consulting.

ClarityX capabilities will help expand MapmyIndia's enterprise offerings and addressable market. ClarityX empowers enterprises with AI driven insights from multi-dimensional static and real time data, enabling immediate strategic decision making and driving digital transformation. ClarityX is supported by the strong and rich legacy of MapmyIndia, India's pioneering and leading deep-tech digital mapping, geospatial software and location-based IoT products, platforms, solutions and APIs company.

Backed by the pioneering data and geospatial expertise of MapmyIndia, ClarityX aimsto go beyond location data analytics. By seamlessly integrating multi-dimensional static and real-time data and extracting sophisticated insights ClarityX empowers businesses to identify new markets, optimize network/resources and reduce risks/frauds. The close cross-leveraging between ClarityX's proprietary indices, machine learning models and insights and MapmyIndia's extensive map data and geospatial platforms has resulted in robust, comprehensive solutions that are both holistic and granular, ensuring that every aspect of a client's business is optimized.

ClarityX's ‘Made in India for the World' solutions include Proprietary Indices such as District Potential Index & Rural Potential Index, Machine Learning Models such as Sales Projection Model and Risk Assessment Model (utilizing predictive modeling), Insights such as Origin-Destination Analysis, Category Trend Analysis, and Catchment Analysis, and a Trends Dashboard to demonstrate where India is moving.

“The world today is driven by data. In fact, in its initial decade in the early 90s, MapmyIndia was a data analytics company. I had the conviction that someday 80% of all data would have a location component, and this resulted in MapmyIndia developing into a pioneering digital map data and location technologies company. Yet, I always felt that to unleash the full power of data analytics for a wide range of customers, a broad spectrum of data is needed – data which could be geospatial, financial, technical, or any other - along with a dedicated, consultative approach. This has been the reason to start ClarityX, a separate company wholly focused on data analytics. ClarityX leverages AI and HI (Human Intelligence) in a bespoke and consultative manner to offer tailor-made actionable insights to enterprise customers across all industries, including BFSI, Retail, FMCG, Energy, Ecommerce, and many more. I am convinced that ClarityX has tremendous potential to transform and impact the world positively and become an extremely big player in the space. For MapmyIndia, which has served over 2000 enterprise customers across many industry verticals since inception, this partnership will help it up-sell, cross-sell and deliver more value-added analytics and consulting solutions to its customers, opening up more growth opportunities for the company. I am excited to holistically solve the problems of customers and enable their success through the combined analytical and technological offerings of ClarityX and MapmyIndia,” says Rakesh Verma, Founder, ClarityX, and Co-founder & CMD, MapmyIndia

Previous News
  C.E. Info Systems consolidated net profit rises 35.40% in the March 2024 quarter
 ( Results - Announcements 13-May-24   15:23 )
  Board of C.E. Info Systems recommends Final Dividend
 ( Corporate News - 13-May-24   15:08 )
  C.E. Info Systems(MapmyIndia)
 ( IPO Centre - New Issue Monitor 07-Dec-21   13:08 )
  MapMyIndia Q2 PAT slides 8% YoY to Rs 30 cr
 ( Hot Pursuit - 09-Nov-24   16:48 )
  C.E. Info Systems to announce Quarterly Result
 ( Corporate News - 03-May-24   18:53 )
  C.E. Info Systems consolidated net profit rises 0.08% in the September 2022 quarter
 ( Results - Announcements 28-Oct-22   08:14 )
  Cigniti Technologies Ltd leads losers in 'A' group
 ( Hot Pursuit - 10-Dec-24   15:00 )
  C.E. Info Systems schedules AGM
 ( Corporate News - 19-Aug-22   18:23 )
  MapmyIndia's flagship Mappls App now offers AI-powered live traffic signal timer in Bengaluru
 ( Corporate News - 25-Sep-25   10:12 )
  C.E. Info Systems to conduct AGM
 ( Corporate News - 24-Jun-24   09:39 )
  MapmyIndia's Rakesh Verma launches new data analytics company - ClarityX
 ( Corporate News - 24-Jun-24   15:31 )
Other Stories
  JSW Infrastructure board approves acquisition of JSW Overseas
  16-Jan-26   20:10
  Hindustan Unilever's Gandhidham and Pondicherry factories receive World Economic Forum's Lighthouse recognition
  16-Jan-26   20:05
  Chambal Fertilisers update on completion of new plant at Gadepan
  16-Jan-26   19:38
  Tata Communications allots commercial paper of Rs 300 cr
  16-Jan-26   19:37
  NTPC Green starts commercial operations of 37.5 MW solar project in Bhuj
  16-Jan-26   19:34
  Tata Motors Passenger Vehicles receives ESG rating of 71
  16-Jan-26   19:32
  Nestle India nominates Edouard Mac Nab as ED- Finance & Control and CFO
  16-Jan-26   19:29
  Shine Fashions (India) schedules board meeting
  16-Jan-26   17:27
  Enterprise International to declare Quarterly Results
  16-Jan-26   17:26
  Board of Wipro recommends interim dividend
  16-Jan-26   17:26
Back Top