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Enterprise Apps to help Your Business

Jan 28 2014, 3:22am CST | by , in News | Technology News

Enterprise Apps to help Your Business
 
 

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Enterprise Apps to help Your Business

CIOs can be forgiven for thinking that all the cool apps are being built for consumers these days, but it turns out to be untrue. I, too, was skeptical when I was invited to an event last week hosted here in Silicon Valley by the Alchemist Accelerator. It’s a group led by Stanford University Professor Ravi Belani to bring together entrepreneurs and venture capitalists (geographically, this is pretty simple, since part of Sand Hill Road forms the northern boundary of Stanford land).

The event, part of an ongoing series, gives young entrepreneurs (and boy, do I mean young) six minutes to explain their credentials, their product, its competitive advantage, their beta customers, and the level of investment they’re seeking. Instead of speed dating, it’s speed financing.

The kicker: Belani’s group focuses strictly on enterprise applications. To paraphrase bank robber Willie Sutton, that’s where the money is.

Here’s a look at some of the entrepreneurs who presented (these represent the fifth Alchemist “class” of entrepreneurs; videos of their presentation have not yet been posted):

Startup: Drone.io
Focus: Automated software testing and release
IT department: DevOps
Quote: “We help developers release early and often without sacrificing quality. A company’s users don’t get value from software features that haven’t been deployed.” – Brad Rydzewski

Startup: Upshot
Focus: Mobile business intelligence through plain English queries and speech recognition
IT department: Analytics
Quote: “Our goal is to make BI sexy. One person who looked at it said, ‘When my executives see this, they’re going to [scatological reference deleted] themselves.’” – Joseph Turian

Startup: Frontleaf
Focus: Reducing customer churn for subscription-based companies
IT department: Analytics
Quote: “We answer three questions: which customers are at risk? What are the root causes [of dissatisfaction?] What really works [to solve the problem]? You’d be surprised how many companies can’t answer those questions or execute against the findings.” – Tom Krackeler

Startup: Assemblage
Focus: Real-time mobile collaboration
IT department: Networking
Quote: “It still takes eleven minutes to set up a web conference [because] you have to download plug-ins. Our collaboration engine works in the browser without downloads and is based on WebRTC [real-time communication] API for a better user experience.” – Cathrine Andersen

Startup: Cirroscope
Focus: cloud security and compliance
IT department: Infrastructure and security
Quote: “We provide the tools, visibility, and skills that are missing [from cloud security]. 30,000 employees in a financial services organization had their salaries revealed because of someone who thought she was posting the information to a private Yammer network. Users are the weakest link.” – Vikrant Karvir

Startup: Peer.im
Focus: Corporate instant messaging
IT department: Networking
Quote: “You don’t look professional when you use Gmail or personal IM tools. The ideal enterprise message should have the corporate identity, administrative control, and an audit trail.” – Johnson Liu

Startup: rENIAC
Focus: Improving cache and in-memory data capabilities for cloud-based servers
IT department: Infrastructure
Quote: “The cloud is getting choked [with data], and we need to fix that. We identify the apps that are experiencing the pain.” – Prasanna Sundarajan

Four of the other start-ups focused on (not surprisingly) health care and (surprisingly) mobile ad placement technology. Both industry segments represent highly fragmented marketplaces in dire need of innovation. Placements.io uses advertising server APIs to automate the workflow of online advertising. Mohound focuses on mobile advertising analytics.

Sense.ly provides a virtual assistant for chronic illness, because 5% of those patients represent 50% of health care costs. Pathdrugomics  provides big data analytics for big pharma to identify potential products hidden in its portfolio, and in a cool twist, it can also be used for products beyond pharmaceuticals; one of its customers is a CPG manufacturer.

For CIOs constantly asked to find new sources of innovation, it’s good to know that there are entrepreneurs out there thinking about them.

Email CIO Next Community Manager Howard Baldwin if you’re a CIO who wants to spout off in an opinion piece on a technology-related issue like innovation.

Source: Forbes

 

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<a href="/latest_stories/all/all/31" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

 

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