Business Plan Update with Focus on Artificial Intelligence for Vision 2020
Bengaluru, August 9, 2017: Cambridge Technology Enterprises Limited (NSE: CTE; BSE: 532801), is pleased to share an update on its business plan and Vision 2020 to achieve USD 50 million revenues. At the beginning of 2017, we had stated that we will focus on building and consolidating our base. We are delighted to announce that we have performed our exercise in the last six months and are focused on Artificial Intelligence (AI) as a service to transform organizations into “AI-first” leaders.
We believe as the world transforms, businesses are going to end up with ‘haves and have-nots’ in the AI space. There will be businesses with resources to implement AI solutions and use AI to get to decisions, and there will be businesses standing still in the have-not space. Discovering the power of AI for your business will be the new normal.
CTE is going to focus on solving the world’s complex and most interesting business challenges with AI, transforming organizations into “AI-first” leaders by enabling our customers to create AI solutions that transform their businesses and industries. CTE’s products and services will address all the transformational AI needs of an organization — from strategic workshops and ready-to-deploy solutions, to implementation of transformative business solutions through its AI as a Service (AIaaS) leveraging Big Data, Cloud & Machine Learning experience.
Businesses need a lot of elements to implement AI. They need an element of Big Data and Cloud which is provided by Cambridge Bigdata where we serve enterprise clients, then they need the elements of Cambridge Bizserve that allows to manage data, then they need elements of innovation offered by Cambridge Innovations that help businesses leapfrog and most importantly, draw insights to take the decisions, offered by Cambridge DataScience. CTE’s offerings fit together because of our understanding towards the entire lifecycle of a business.
At CTE, we give our clients unparalleled access to cutting-edge technology by bringing together the best-in-industry using its years of expertise in building solutions for some of the world’s largest and most innovative enterprises. CTE’s expertise across multiple domains makes it the preferred choice for organizations seeking an AI Partner to innovate and leapfrog the market.
In 2015, we had set out to build a foundation to be in a position to be a leader in this space. In the last two years, we have put together our foundation that allows us to be better prepared to take advantage of this market opportunity. For instance, CTE is one of the few organizations in the world with 100 percent AWS certified Cloud Operations Centre with the ability to provide 24/7 management of Public, Hybrid (AWS, MS Azure, GCP) and Private cloud environments (VM Ware and OpenStack). CTE is appraised at the Level 5 of the CMMI Institute’s Capability Maturity Model Integration (CMMI)® v1.3 for its services and it is only one of the ~30 companies appraised at this level for services in India.
CTE is gearing to launch its new website shortly and will share more updates on our progress.
About Cambridge Technology Enterprises :
Cambridge Technology Enterprises (CTE) is a leading global technology company transforming organizations into “AI-first” leaders. CTE is enabling its customers to create AI solutions that transform their businesses; by helping solve the world’s complex and most interesting business challenges with AI. CTE gives organizations unparalleled access to cutting-edge technology by bringing together the best-in-industry using its years of expertise in building solutions for some of the world’s largest and most innovative enterprises; leveraging Big Data, Cloud & Machine Learning experience. CTE’s products and services address all the transformational AI needs of an organization — from strategic workshops to implementation of transformative business solutions through its AI as a Service (AIaaS). CTE’s expertise across multiple domains makes it the preferred choice for organizations seeking an AI Partner to innovate and leapfrog the market. CTE is assessed at Maturity Level 5 for CMMI v1.3 with ISO 9001:2008, ISO 27001:2005 certifications. For more information, visit www.ctepl.com or follow @cam_technology on twitter.
Forward-looking and Cautionary Statements:
Certain statements in this press release may contain statements concerning our future growth prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this press release. The Company assumes no obligation to update any forward-looking information contained in this press release. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Company and the Company is not responsible for such third party statements and projections.