NEW YORK, NY, December 09, 2016 /24-7PressRelease/ -- Imagine you work in the marketing department of a major health food company. You have been tasked with finding all New Yorkers, between the ages 18 and 35, who are male, and who have purchased protein bars within the last three months - on an e-commerce site with millions of daily transactions. If you're not a software engineer, you might be sweating already.
Conversely, imagine the same task, doable in seconds by chatting with the site's database in the same way that you might talk with a coworker. It's not so stressful anymore. The FriendlyData team, led by founder/CEO Michael Rumiancau, hopes to make databases searchable and accessible by anyone - not only engineers and software professionals. The hypothetical situation above is just one of many possible use cases.
As of November, the team did the beta launch and thousands of users already tried the technology. FriendlyData built a product based on TheNextWeb companies database, the useful source for VC and startups. It helps you to learn about top technology companies by typing queries in natural language. For example, "Show companies from New York that raised more than 20M" or "Find startups which were founded in 2016". In a month since the launch, FriendlyData has received over 10,000 API requests from thousands of users.
The founders go after the Natural Language Processing (NLP) market which will grow from $7.6B in 2016 to $16.1B by 2021 (MarketsandMarkets). Big companies (SalesForce, IBM, Google) actively acquiring NLP and business intelligence SaaS companies.
FriendlyData monetizing model is to charge enterprise clients for custom API integration to the apps and provide SaaS API by subscription. Target audience is ERP/CRM software providers, E-commerce/Marketplace and Business Intelligence companies.
Main competitive advantages of FriendlyData is scalability and flexibility. FriendlyData is the first on market cloud-based NLP solution for databases.
Rumiancau and his co-founders, Alex Zaytsav and Alexey Zenovich, believe that the future will be built upon the interaction between humans and computers, and that FriendlyData will help bridge the gap between humans and computers, and between users and data.
As experienced engineers who have built a variety of successful SaaS products, the FriendlyData team sees this project as its most promising venture yet - and they have the data to back this assertion.
Now is the time to become part of the FriendlyData revolution. You can request FriendlyData integrations and test on your business over here: friendlydata.io.
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