16th November: Transerve, a location intelligence firm that allows digital transformation and effective decision making, has received a patent for its invention named “System and method for revenue and asset management based on micro-service architecture.” The company uses bespoke applications for asset tracking/mapping, project monitoring, spatial data collection with geo-tagged photos and videos, and sharing maps with key stakeholders or the general public. The company’s solutions are being used in a variety of industries, including government, infrastructure, environment, estate management, smart cities, agriculture, and telecommunications.
Using location information, this new service supports customers in solving complicated business problems. The ‘Make in India’ SaaS platform helps users to track and manage their assets more efficiently, increasing efficiency and income. Transerve intends to increase its customer base by providing pre-packaged analytical solutions as a SaaS service on its horizontal spatial analytics platform. Transerve has continuously increased its sales by 40% over the last two years, with product income tripling year on year. To address important location intelligence challenges, the company is focusing on developing deep learning and AI-based solutions for enterprises. According to the company’s vision statement, it aspires to build a unified big data analytics platform capable of consuming a huge and continuous stream of data and combining imageries, documents, tabular, spatial, and non-spatial data to improve decision making.
Mr. Ashwani Rawat, Co-Founder & Director, Transerve, commented, “We are happy this patent has been awarded for this unique approach that will assist businesses to manage their revenue and assets.” The team has worked hard to develop and execute an efficient tool that will help with business operations. Transerve is continuously striving to provide best-in-class solutions, and this patent is proof of our groundbreaking outcomes. It motivates us to strive hard to achieve many more such victories.”