Cambridge Technology Enterprises (NSE: CTE; BSE: 532801), is pleased to share an update on its business plan and Vision 2020 toachieve USD 50 million revenues. At the beginning of 2017, we had stated that we will focus on building and consolidating our base. We are delighted to announce thatwe have performed our exercise in the last six months and are focused on Artificial Intelligence (AI) as a service to transform organizations into “AI-first” leaders.
We believe as the world transforms, businesses are going to end up with ‘haves and have-nots’ in the AI space. There will be businesses with resources toimplement AI solutions and use AI to get to decisions, and there will be businesses standing still in the have-not space. Discovering the power of AI for your business will be the new normal.
CTE is going to focus on solving the world’s complex and most interesting business challenges with AI, transforming organizations into “AI-first” leaders byenabling our customers to create AI solutions that transform their businesses and industries. CTE’s products and services will address all the transformational AI needs ofan organization — from strategic workshops and ready-to-deploy solutions, to implementation of transformative business solutions through its AI as a Service (AIaaS)leveraging Big Data, Cloud & Machine Learning experience.
Businesses need a lot of elements to implement AI. They need an element of Big Data and Cloud which is provided by Cambridge Bigdata where we serve enterpriseclients, then they need the elements of Cambridge Bizserve that allows to manage data, then they need elements of innovation offered by Cambridge Innovations that help businesses leapfrog and most importantly, draw insights to take the decisions, offered by Cambridge DataScience. CTE’s offerings fit togetherbecause of our understanding towards the entire lifecycle of a business.
At CTE, we give our clients unparalleled access to cutting-edge technology by bringing together the best-in- industry using its years of expertise in building solutions forsome of the world’s largest and most innovative enterprises. CTE’s expertise across multiple domains makes it the preferred choice for organizations seeking an AI Partner to innovate and leapfrog the market.
In 2015, we had set out to build a foundation to be in a position to be a leader in this space. In the last two years, we have put together our foundation that allows us to bebetter prepared to take advantage of this market opportunity. For instance, CTE is one of the few organizations in the world with 100 percent AWS certified CloudOperations Centre with the ability to provide 24/7 management of Public, Hybrid (AWS, MS Azure, GCP) and Private cloud environments (VM Ware and OpenStack). CTE is appraised at the Level 5 of the CMMI Institute’s Capability Maturity Model Integration (CMMI)® v1.3 for its services and it is only one of the ~30 companies appraised at this level for services in India.
CTE is gearing to launch its new website shortly and will share more updates on our progress.