Razorsight, the Reston, Va.-based provider of predictive and other cloud-based analytics solutions, has locked in a muti-year deal with a new local government customer that the company said serves one of the largest municipalities in the U.S.
The firm’s Chief Technology Officer Suren Nathan said Razorsight will deploy a descriptive and predictive applications suite for the government in an effort to eliminate waste. “We’re excited to work with such a progressive, innovative leader in the deployment of advanced analytics, ” Nathan added.
Razorsight said the local government governs a municipality with one of the largest per capita median incomes in the U.S. and will subscribe to RazorInsights for Executive and Finance, which is built to proactively identify areas of cost overrun.
The application suite also automates management functions to match contracts against supplier performance and costs, according to the announcement.
Razorsight launched its Real Time Analytics with predictive insight suite of applications shortly before the Mobile World Congress this year. That suite works to provide leaders in communications to “an accurate read on the customer’s situation, context and issues in just seconds… and use real time analytics ‘on the fly’ with an app tailored to their area of customer expertise and responsibility, ” Chris Checco, Razorsight’s president and chief analytics officer, told ExecutiveBiz.
Checco joined the firm in October 2012 from Accenture Federal Services where he served as lead management scientist and helped design and launch Accenture’s analytics practice.
The more-than-16-year veteran of technology leadership roles holds several awarded and pending patents in advanced analytics in areas including threat and data assesment, and wrote for ExecutiveBiz that governments should look to advanced analytics for return on investment in four distinct areas:
- cost savings
- customer experience management
- fraud detection and prevention
“Government, like Big Data, is often portrayed as an unwieldy behemoth, “ Checco wrote. “To the extent that you master advanced analytics to bring your data to heel, it is within your power to control public perception of the real value you deliver.”
Don Upson, Virginia’s first-ever Secretary of Technology, also joined the firm’s board of advisors in March of this year, bringing additional GovCon experience from his time as chief operating officer at Unicom Government and chairman of CES Government.