Graph database and analytics company Neo4j recently concluded its second GraphSummit in Mumbai on June 13, 2023, bringing together graph enthusiasts to explore the latest advancements in data analytics and the transformative power of graphs in advancing analytics and AI. The event featured presentations by companies such as Infosys, Standard Chartered, and Gameskraft, demonstrating the versatile application of graph data technology across sectors like IT, banking, and gaming.
One of the highlights of the event was the announcement of the winners of the 2023 Graphie Awards, recognizing organizations and individuals for their innovative use of Neo4j’s graph technology to address significant business challenges. Among the winners were Gameskraft, awarded the Emerging Leader title for pioneering advanced fraud detection techniques using graph technology in a fully managed SaaS platform, and Infosys, recognized as a Pioneer for leveraging knowledge graphs to connect data across the organization and create an internal digital brain capable of making intelligent decisions. Bhavesh Bhatt also received the Community Excellence Award for Social Media Analysis.
Nik Vora, Vice President, Asia Pacific at Neo4j, applauded the winners for their outstanding projects in various sectors, including banking, healthcare, energy, logistics, e-commerce, and telecommunications. He emphasized the critical role graph technology plays in powering machine learning and artificial intelligence.
During the summit, Neo4j provided developers with the opportunity to engage with its graph database and interact with renowned graph data science experts like Dr. Jim Webber and Dr. Jesús Barrasa, gaining insights into the latest trends in graph innovation and applications.
Neo4j has been a driving force in unlocking the potential of graph data technology. Its offerings have gained significant acceptance among developers and customers alike. The GraphSummit serves as a platform for graph professionals to network, innovate, and collaborate. In the Asia Pacific region, Neo4j’s capabilities are being increasingly embraced across industries to overcome business and operational challenges. The company experienced double-digit growth in 2022, crossing the $100 million mark in annual recurring revenue in 2021.
The company has also made several noteworthy announcements recently. These include product integrations with Generative AI features in Google Cloud Vertex AI, a strategic partnership with Imperium Solutions, the launch of the Graphs4SG program in collaboration with Temasek Polytechnic, and key appointments of Sudhir Hasbe as Chief Product Officer and Alyson Welch as Chief Revenue Officer. Additionally, Neo4j extended its partnership with Google Cloud by introducing a new native integration with Google Cloud’s BigQuery cloud data warehouse and expanded its global cloud-managed services capability through the strategic acquihire of 11 full-time specialists from Distributed Technology Associates.
With its continued focus on innovation and strategic collaborations, Neo4j is solidifying its position as a leading provider of graph data science analytics and machine learning platforms, serving customers across gaming, retail, banking, and other industries.