OVO to Accelerate Success of Lippo Group’s
Diverse Businesses Through Deep Business Analytics Using Kinetica and NVIDIA
Technology
Diverse Businesses Through Deep Business Analytics Using Kinetica and NVIDIA
Technology
Distributed, in-memory database enables
correlation of customer profile, buying behaviour, sentiment and shopping
trends based on cross-industry data sources in sub-seconds
correlation of customer profile, buying behaviour, sentiment and shopping
trends based on cross-industry data sources in sub-seconds
JAKARTA, Indonesia, 24 October 2017 – OVO, a member of Lippo
Group Digital, has chosen Kinetica, provider of the world’s fastest
GPU-accelerated analytics database, and NVIDIA to spur
innovation in big data and analytics that fully utilize a 360-degree customer
view and derive real-time analytics and insights on shopping trends and the
digital lifestyle.
Group Digital, has chosen Kinetica, provider of the world’s fastest
GPU-accelerated analytics database, and NVIDIA to spur
innovation in big data and analytics that fully utilize a 360-degree customer
view and derive real-time analytics and insights on shopping trends and the
digital lifestyle.
Lippo Group is a
prominent conglomerate with significant investments in digital technologies,
education, financial services, healthcare, hospitality, media, IT,
telecommunications, real estate, entertainment and retail. Aggressively
investing in big data and analytics technology, OVO is Lippo Group Digital’s
concierge platform, integrating mobile payment, loyalty points, and exclusive
priority deals.
prominent conglomerate with significant investments in digital technologies,
education, financial services, healthcare, hospitality, media, IT,
telecommunications, real estate, entertainment and retail. Aggressively
investing in big data and analytics technology, OVO is Lippo Group Digital’s
concierge platform, integrating mobile payment, loyalty points, and exclusive
priority deals.
With the support from
Kinetica and NVIDIA, Lippo Group Digital will be the first enterprise to integrate
an AI, in-memory, GPU database in Indonesia.
Kinetica and NVIDIA, Lippo Group Digital will be the first enterprise to integrate
an AI, in-memory, GPU database in Indonesia.
Lippo Group Digital’s
investment in big data and analytics technology aims to consolidate all their
customer data that are being generated by all transactional systems from
various subsidiaries into a centralized analytics platform. All
subsidiary-fragmented data are to be consolidated and analysed to generate a
360-degree view of the customer profile and journey. OVO will be the main
anchor to link customers 360-degrees and to enable delivery of personalized
offers.
investment in big data and analytics technology aims to consolidate all their
customer data that are being generated by all transactional systems from
various subsidiaries into a centralized analytics platform. All
subsidiary-fragmented data are to be consolidated and analysed to generate a
360-degree view of the customer profile and journey. OVO will be the main
anchor to link customers 360-degrees and to enable delivery of personalized
offers.
By having a big data
API and AI platform in place, all Lippo Group touch point channels can
introduce new and personalized experiences to customers in real time. By
implementing Kinetica, Lippo Group’s touch point channels are able to do queries
through an analytic API that involves huge volumes and rich data sets in
sub-second latency, compared to traditional technology which has seconds or
minutes–or even hours–of latency.
API and AI platform in place, all Lippo Group touch point channels can
introduce new and personalized experiences to customers in real time. By
implementing Kinetica, Lippo Group’s touch point channels are able to do queries
through an analytic API that involves huge volumes and rich data sets in
sub-second latency, compared to traditional technology which has seconds or
minutes–or even hours–of latency.
Through Kinetica’s
GPU-accelerated database, Lippo is able to consolidate multiple dimensions of
customer attributes, including demographics, cross-channel buying behaviour
such as their sentiments as gained through social media, and interactions
in-store and online. Furthermore, Lippo will be able to correlate customer, transaction
and location information, and by using geospatial analytics, will deliver
actionable insights for Lippo Group business units for a better understanding
of business performance and help outperforming the competitors.
GPU-accelerated database, Lippo is able to consolidate multiple dimensions of
customer attributes, including demographics, cross-channel buying behaviour
such as their sentiments as gained through social media, and interactions
in-store and online. Furthermore, Lippo will be able to correlate customer, transaction
and location information, and by using geospatial analytics, will deliver
actionable insights for Lippo Group business units for a better understanding
of business performance and help outperforming the competitors.
Adrian Suherman, CEO
of Lippo Digital Group said: “Lippo Group is strongly committed to embracing
innovation and using the latest technology to create a competitive advantage
for business. At the core of every business within the Lippo Group is our
customers. By harnessing technology and using it with much intensity, precision
and speed, we are able to understand consumers better and meet their needs and
expectations.”
of Lippo Digital Group said: “Lippo Group is strongly committed to embracing
innovation and using the latest technology to create a competitive advantage
for business. At the core of every business within the Lippo Group is our
customers. By harnessing technology and using it with much intensity, precision
and speed, we are able to understand consumers better and meet their needs and
expectations.”
Lippo will soon embark
on big data monetization to deliver a new, smart interactive digital channel.
This new channel will infuse a new shopping experience for customers, and help
marketers reach out to their audiences and better understand the customer
journey.
on big data monetization to deliver a new, smart interactive digital channel.
This new channel will infuse a new shopping experience for customers, and help
marketers reach out to their audiences and better understand the customer
journey.
“We take pride in
partnering with NVIDIA to power the business of Lippo Group, one of Indonesia’s
business icons. We congratulate Lippo Group for its foresight in leveraging
technology for business and for being the first enterprise to integrate an AI,
in-memory, GPU database in Indonesia,” said Joseph Lee, Vice President, Asia
Pacific Japan at Kinetica.
partnering with NVIDIA to power the business of Lippo Group, one of Indonesia’s
business icons. We congratulate Lippo Group for its foresight in leveraging
technology for business and for being the first enterprise to integrate an AI,
in-memory, GPU database in Indonesia,” said Joseph Lee, Vice President, Asia
Pacific Japan at Kinetica.
“Given today’s changing
business and technological landscapes, ever-dynamic customer needs, tight
profit margins, and shorter product cycles, businesses other than retail and
e-commerce can gain real competitive advantage by leveraging big data
analytics. The benefits of a 360-degree customer view and accelerated
data processing to make informed operational and product decisions are easily
transferrable other industries,” added Lee.
business and technological landscapes, ever-dynamic customer needs, tight
profit margins, and shorter product cycles, businesses other than retail and
e-commerce can gain real competitive advantage by leveraging big data
analytics. The benefits of a 360-degree customer view and accelerated
data processing to make informed operational and product decisions are easily
transferrable other industries,” added Lee.
Kinetica’s broadly
applicable in-memory database is powered by NVIDIA’s graphics processing units
(GPUs) and can run both on premise and in the cloud, including on Amazon Web
Services, Dell-EMC, Google Cloud, IBM Minsky, and Microsoft Azure. As compared
to legacy systems that are based on central processing units (CPUs), GPU-accelerated
solutions have proven to be 10 to 100 times faster and at only one-tenth of the
hardware costs.
applicable in-memory database is powered by NVIDIA’s graphics processing units
(GPUs) and can run both on premise and in the cloud, including on Amazon Web
Services, Dell-EMC, Google Cloud, IBM Minsky, and Microsoft Azure. As compared
to legacy systems that are based on central processing units (CPUs), GPU-accelerated
solutions have proven to be 10 to 100 times faster and at only one-tenth of the
hardware costs.
“The advent of machine
learning and deep learning technologies will bring about a slew of exciting
opportunities to Indonesia’s retail industry. Our joint solution with Kinetica
will offer businesses in Indonesia unrivalled performances for advanced
analytics,” said Raymond Teh, Vice President, Asia Pacific, NVIDIA.
learning and deep learning technologies will bring about a slew of exciting
opportunities to Indonesia’s retail industry. Our joint solution with Kinetica
will offer businesses in Indonesia unrivalled performances for advanced
analytics,” said Raymond Teh, Vice President, Asia Pacific, NVIDIA.
About OVO
OVO has been present
in Indonesia since 2016 as an app that offers the most comprehensive payments,
loyalty points and financial services in Indonesia. OVO provides
cross-coalition loyalty program, fast, secure and flexible payments, and
financial services features which give privileges for its users. To date, OVO
has millions of users in Indonesia and is present in major cities in
Indonesia. https://www.ovo.id/
in Indonesia since 2016 as an app that offers the most comprehensive payments,
loyalty points and financial services in Indonesia. OVO provides
cross-coalition loyalty program, fast, secure and flexible payments, and
financial services features which give privileges for its users. To date, OVO
has millions of users in Indonesia and is present in major cities in
Indonesia. https://www.ovo.id/
About Lippo Group
Lippo Group is a
pan-Asian investment holding company with investments in real estate,
department stores, retailing, financial services, telecommunications,
hospitality, healthcare, news media, and IT services. Over the past 60 years,
it has established a model for growth, innovation and leadership in industries
and new markets. Lippo’s education foundation manages 52 schools and two
universities, including Indonesia’s leading private university. Lippo’s
healthcare initiative manages Indonesia’s largest healthcare group, comprising
29 hospitals across the Indonesian archipelago, including Indonesia’s
world-class cancer treatment hospital. Lippo is dedicated to its vision of
“Growing in Stewardship, Transforming Lives”.
pan-Asian investment holding company with investments in real estate,
department stores, retailing, financial services, telecommunications,
hospitality, healthcare, news media, and IT services. Over the past 60 years,
it has established a model for growth, innovation and leadership in industries
and new markets. Lippo’s education foundation manages 52 schools and two
universities, including Indonesia’s leading private university. Lippo’s
healthcare initiative manages Indonesia’s largest healthcare group, comprising
29 hospitals across the Indonesian archipelago, including Indonesia’s
world-class cancer treatment hospital. Lippo is dedicated to its vision of
“Growing in Stewardship, Transforming Lives”.
About Kinetica
Headquartered in San Francisco, Calif., Kinetica is the
provider of the only GPU database to combine data warehouse, advanced
analytics, visualisations, and is optimised for running machine learning and
deep learning models. With Kinetica, users can simultaneously ingest, explore,
analyse and visualise fast-moving, complex data within milliseconds to make
critical decisions and find efficiencies, lower cost, generate new revenue and
improve customer experience. Customers in verticals such as financial services,
retail, healthcare, utilities and public sector use Kinetica for fast OLAP,
convergence of AI and BI, and geospatial analytics. Amazon, Cisco, Dell,
Google, HP, IBM, Microsoft, NVIDIA and Tableau are part of the Kinetica
ecosystem of cloud, hardware, server and software partners. Investors include
Canvas Ventures, Citi Ventures, GreatPoint Ventures, and Meritech Capital
Partners. http://www.kinetica.com
provider of the only GPU database to combine data warehouse, advanced
analytics, visualisations, and is optimised for running machine learning and
deep learning models. With Kinetica, users can simultaneously ingest, explore,
analyse and visualise fast-moving, complex data within milliseconds to make
critical decisions and find efficiencies, lower cost, generate new revenue and
improve customer experience. Customers in verticals such as financial services,
retail, healthcare, utilities and public sector use Kinetica for fast OLAP,
convergence of AI and BI, and geospatial analytics. Amazon, Cisco, Dell,
Google, HP, IBM, Microsoft, NVIDIA and Tableau are part of the Kinetica
ecosystem of cloud, hardware, server and software partners. Investors include
Canvas Ventures, Citi Ventures, GreatPoint Ventures, and Meritech Capital
Partners. http://www.kinetica.com
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