Evercomm: Making Big Data Talk

Here’s a mind-boggling thought: technology has developed so fast, and in such unimaginable ways, that we have produced more data in the last five years than in all of human history. But how much of this valuable data is actually utilised?

Recent findings from IDC analysts value the global big data and analytics market at around US$210 billion by 2020. Yet despite recent advances in the analytics sphere, most companies have only scratched the surface of the wealth of insights to be mined from big data.

This fast-growing sector is a goldmine for disruptive start-ups like EverComm, which recently raised funds through the FundedHere platform. The company offers energy management solutions to enterprises that actively use industrial machinery, computers and air conditioning units.

Until recently, hardware systems functioned like information silos. In comparison, EverComm’s analytics software collects data from different sources to reveal insights on energy usage, and pinpoints the best methods to target wastage — all in real time. By forging new connections between existing data,EverComm can slash a client’s energy bills by up to 10%.

Prospects are bright for EverComm, which has helped its customers save over $3.4 million to date. The start-up has been accredited by Singapore’s Infocomm Development Authority, while co-founder Ted Chen Chiu-Hao landed a spot on Forbes Asia’s 30 Under 30 list for 2016. EverComm is now trying to penetrate the Taiwanese market and estimates that it will make around S$1 million in annual revenue once it gets the ball rolling.

Data-driven intelligence makes a difference to the way companies work, and can be used to optimise business processes without affecting output. For the foreseeable future, big data will be at the core of many organisations’ digital transformations. But as EverComm has shown, the size of the data is not as important as the value that can be derived from it.

FundedHere is committed to bringing you start-ups of this calibre and growth potential. Visit our platform for an in-depth look at the latest available opportunities.