Panorama’s Necto Telecom Disrupts $4B Telecom Analytics Market
Jerusalem – March 7th, 2019 – Panorama, the business intelligence software (Necto) that enables any business user to create high-quality dashboards without any coding background recently announced the launch of Necto Telecom during the 2019 Mobile World Congress in Barcelona last week. Necto Telecom is a world-leading data analytics solution for communications and media service providers, helping them transform their IoT, Network, BSS and OSS data into actionable insights. Necto Telecom is already deployed at multiple telecom carriers worldwide, helping them predict churn and increase ARPU.
Panorama is a known visionary and market leader in Business Intelligence and data analytics. Panorama has identified a need for data analytics tailored for telecom providers and launched a new division called Necto Telecom at this year’s Mobile World Congress in Barcelona. Necto Telecom will completely disrupt the telecom analytics market. The Global Telecom Analytics Market Research Report – Forecast to 2023, by Market Research Future, shows that the telecom analytics market is a $4B opportunity and is growing at an annual rate of 30%. It is a market ready for disruption, as most vendors offer generic Business Intelligence solutions or lengthy and costly manages services.
Necto Telecom is the first and only analytics solution that is specifically developed for telecom, and is product led. It has pre-integrated data models for telecom use cases and all their business processes, such as subscriber analysis, churn prediction, lead to cash optimization, and more. It provides out-of-the-box dashboards and reports and due to its software-based nature, deployments are short and shows a quick ROI.
Panorama CEO Eynav Azarya said, “We are very excited to see that our business is growing exponentially. We tripled our deal size last year and we are ready to triple it again this year, as we disrupt the industry with advanced analytics that drive higher ARPU, customer lifetime value and retention for CSP all around the world.Panorama added deep learning (AI/ML) capabilities to Necto Telecom’s advanced analytics. This makes it possible for telecom providers to stay ahead of their competition by predicting churn and pinpointing their next best offer. Necto Telecom also allows communication service providers to monetize their IoT data, by turning data into actionable business insights.
David Kahan, a Venture Partner at OurCrowd who sits on Panorama’s Board said “We invest in companies which are poised to disrupt major markets with innovation and state of the art technology. Necto Telecom is well positioned to own a large market share in this $4B industry, which is serviced today by legacy OSS/BSS vendors or costly system integrators. Necto’s technology, with its state-of-the-art analytics engine and pre-packaged analytics makes it easier for CSPs to embark into their digital transformation journey.”
About Panorama: Panorama is a leader in Business Intelligence and data analytics. They invented and sold the OLAP BI technology to Microsoft, pioneered the MDX querying language and continued to lead the industry though innovation, serving thousands of customers and partnering with top players like Google, NCR, Airbus, Amdocs and Microsoft to deliver pre-packaged analytics to the industry. Panorama Software received an award given by BDO, after surveying hundreds of CIOs and CTOs. Panorama won #1 in the Business Intelligence category for overall customer satisfaction, product stability, integrity, ease of use, and UI/UX. Panorama also received the “Best Innovation Partner” award given by Amdocs. This year Panorama officially launched Necto Telecom, a world-leading data analytics solution for telecom. For more information visit www.panorama.com
This announcement was made at the 2019 OurCrowd Global Investor Summit in Jerusalem, the largest technology showcase in Israel with over 170 startups and 17,000 registered attendees.
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