Hyderabad, Andhra Pradesh, India
GlobalRoads Inc., a rapidly growing US-based provider of sales automation services and open source solutions, unveils its innovative eCommerce recommendation technology to participate in the Netflix Prize. The GlobalRoads system significantly outperforms Netflix's internal recommendation engine in prediction accuracy and is currently on the Netflix Leaderboard among the top 40!
"It's already a great technical achievement with just our initial efforts in this space, given there are more than 18000 contestants from 125 different countries participating in this contest and companies like Netflix and Amazon have heavily invested over the last decade in such technologies", Mr. Vivek Sagi, Co-Founder and V.P. Business & Technology Solutions, GlobalRoads Inc. stated. "However, we are just getting started and are actively working to augment and package our recommendation technology with other solution selling, pricing, merchandising optimization and life cycle management algorithms into a 'next generation' selling software application suite, capable of changing the fundamental economics and efficacy of eCommerce" he added.
GlobalRoads is a strong proponent and early mover in building commercial open source software, which is rapidly gaining momentum as a viable alternative to high-cost proprietary systems. According to Mr. Brad Newton, Co-Founder and President, GlobalRoads Inc. "Active open source communities are critical to low cost innovation and to drive adoption. As evident from the Netflix competition, small teams have proven to be nimble and have quickly surpassed what big corporations can achieve. To engender such community effects we established SmartGRAPE, an open source initiative to bring together a global community of talented domain experts and software engineers to collaboratively develop a superior online shopping recommendation system. For businesses selling online, such recommendation technology can have a significant impact on customer basket sizes and order close rates. Improvements in recommendation system accuracy can also dramatically improve the online shopping experience, thus leading to increased retention rates."
During 2007 GlobalRoads plans to rapidly expand its R&D and services delivery capability in Hyderabad, India. The current partnership with Innominds Inc. gives GlobalRoads flexible capacity to source high quality resources at a competitive cost. Going beyond the cost arbitrage for its sales automation services business, GlobalRoads is also aggressively hiring to put together a core team of highly qualified engineers for its product development efforts.
The management team at GlobalRoads is confident that these planned investments in processes, technology and infrastructure in India will generate competitive and strategic advantages and will allow GlobalRoads to rapidly scale and meet its customers diverse needs while also shortening the time to market for its Web 2.0 commercial open source sales automation application suite.
About GlobalRoads
Founded in 2005, GlobalRoads Incorporated provides sales automation solutions and global IT services to its Global 2000 customers. GlobalRoads is headquartered in Sunnyvale , CA . For more information, visit the company's Web site at www.GlobalRoads.com
Jan Izzo, Corporate Communications, GlobalRoads, Inc., +1 408 716 8516 marcom@globalroads.com
Source: GlobalRoads, Inc. (Business Wire India)
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