Xtract Data Automation Suite: Pre-built Hyperautomation Solutions with Value-Added Customizations
.jpg){kind=icon}
The hyperautomation market size is estimated at $12.95 billion in 2024 and is expected to reach $31.95 billion by 2029, growing at a CAGR of more than 19 percent, according to a report by Mordor Intelligence. This growth is intricately linked to the enhanced usage of data analytics across domains. The amount of data that can be fetched from the internet is growing exponentially and being analyzed in real-time. The amount of data generated today compared to the early 2000s is a billion times more and is measured in hundreds of zettabytes now. This public data provides every business with a free, enormous repository of knowledge to extract business context from, unique to their business and strategy.Fortunately, the vast computing capabilities of the cloud and AI technologies make it possible for even SME businesses to potentially leverage it. While the internet has this data available publicly, the efforts to access it and make sense of it have been challenging for businesses whose core competency lies elsewhere. This is also true for their untouched trove of internal unstructured data. This is where Mobius’ Xtract.io division comes in to make the data accessible and usable for all businesses using their hyperautomation platform and pre-built solutions. The company believes in democratizing business data to help even small and medium businesses.
Driving Excellence
Mobius has been offering automation based services in big data for over two decades now for industry leaders. The company has delivered automation based projects for the likes of Google, Amazon, Walmart, General Motors, and others using its proprietary technologies and solutions. Xtract.io is the company’s subsidiary that owns and drives its consolidated hyperautomation
platform XDAS, which is now a commercially available platform for businesses. “Our repository of 400+ pre-developed solutions that come as part of the platform is based on our two decades of solving problems across all data types and industries. This helps complex prototype workflows to be built in a matter of hours and taken to production within days after testing & fine-tuning", mentioned Karthik Karunakaran, CEO, Mobius & Xtract. io.
Carving a Niche
The niche strength is Mobius’s specialization in internet content. Its problem-solving approach has been largely shaped by that experience. The Internet is constantly evolving and changing. To stay on top, the company is always evolving, keeping up with tech advancements & market trends. Similarly, internet content is huge and highly unstructured, and to extract knowledge out of the internet meant its automation had to factor in scale, flexibility, and customizability. Mobius’s default model is that it just gets problem statements from customers and always designs solutions from scratch.
The Road Ahead
GenAI with RAG is one area Mobius is investing heavily for the future. The company has been a keen participant in the evolving GenAI technologies, especially the open-source Large Language Models. For businesses, GenAI is still fraught with risks of hallucinating data and data privacy. “We are excited about solving this challenge for the business, using what is now termed as Retrieval-Augmented-Generation approach or RAG. In this approach, you build a workflow to help your own internal LLM using your data that solves both the above risks. Our platform enables different ways in which these RAG workflows can be built using technologies like knowledge graphs, chunking, segmentation, and classification, and more", concludes the CEO.
Carving a Niche
The niche strength is Mobius’s specialization in internet content. Its problem-solving approach has been largely shaped by that experience. The Internet is constantly evolving and changing. To stay on top, the company is always evolving, keeping up with tech advancements & market trends. Similarly, internet content is huge and highly unstructured, and to extract knowledge out of the internet meant its automation had to factor in scale, flexibility, and customizability. Mobius’s default model is that it just gets problem statements from customers and always designs solutions from scratch.
The company's repository of 400+ pre-developed solutions that come as part of the Xtract. io platform is based on its two decades of solving problems across all data types & industries
The Road Ahead
GenAI with RAG is one area Mobius is investing heavily for the future. The company has been a keen participant in the evolving GenAI technologies, especially the open-source Large Language Models. For businesses, GenAI is still fraught with risks of hallucinating data and data privacy. “We are excited about solving this challenge for the business, using what is now termed as Retrieval-Augmented-Generation approach or RAG. In this approach, you build a workflow to help your own internal LLM using your data that solves both the above risks. Our platform enables different ways in which these RAG workflows can be built using technologies like knowledge graphs, chunking, segmentation, and classification, and more", concludes the CEO.
