oneFactor recognized as a 2019 Cool Vendor by Gartner
oneFactor, the developer of a unique advantage and proprietary Artificial Intelligence (AI) Service Delivery Platform for telecoms and other transactional data owners, announced it has been named a “Cool Vendor” in the 2019 Cool Vendors Communications Service Provider Business Operations* report by Gartner, Inc.
According to the Gartner report: “the information boost from AI and ML is pivotal for successful digital transformation. Communications service providers must improve agility and create new revenue streams by exploring vendors’ innovative AI/ML solutions, which may enhance service efficiency and create competitive differentiation.”
“We are proud that oneFactor has been named as one of 6 Cool Vendors in Communications Service Provider Business Operations for 2019,” — said Roman Postnikov, cofounder and CEO of oneFactor. “Telecom operators around the world are being forced to seek additional revenue sources. The effective way to grow for them is to make use of big data through AI and ML technologies, which can open up commercially proven opportunities in this promising area. Big data is an integral part of a telecom’s ecosystem and operators understand the great benefits of external monetisation, delivering value-added services to enterprises. The biggest question today for telecoms is how to solve the fundamental issue with fragmented data. oneFactor’s platform for smart data monetization helps telecoms and other transactional data owners (banks, retailers, payment systems, etc.) to launch AI services for enterprises as a new digital stream. The platform generates customer behavioral profiles including competitors’ subscribers to enable data coverage of the whole country population and gives the unique advantage by solving the problem with inaccurate and fragmented data”.
Now, oneFactor has onboarded and generated revenue for several telecom operators in different countries, for a few international payment systems and several credit history bureaus. More than 80% of all loans in the countries where oneFactor operates were issued with the help of the company’s scoring service. oneFactor’s platform is used by more than 100 banks, including all of the CIS’ top-ten banks; over 200 medium and large retail chains; a number of major advertising platforms; and several city construction planning and census projects in the CIS.
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