Spectra - AI Driven Analytics Platform
Driving frictionless Business Decisions
SPECTRA, the AI driven Analytics platform from Relevance Lab, based on Open Source technology, can fast track your journey from data to actionable insights. It can process data from structured data from different ERP Systems based on pre-existing adapters and unstructured data from PDFs, Emails, engineering drawings and commercial labels. Every organization has invested in a combination of tools, technologies and solutions to create their Data platforms. However most of these platforms are built with legacy technologies or fragmented components. When companies try to leverage the new technologies of Big Data, Cloud Architectures and Artificial Intelligence to achieve more meaningful Analytics a pre-built Platform like SPECTRA can save tremendous efforts, costs and time to provide a scalable and flexible alternative.
With built-in visualization layer and data integrators, SPECTRA enables faster value realization and demonstration in line with the Agile philosophy. Our customers spanning Consumer Products, Pharma and Medical Devices industries have tapped into multiple features of SPECTRA to derive tremendous value across their Commercial Planning, Sourcing, R&D and Clinical Operations functions.
Irrespective of the type of supply chain like commercial or clinical, SPECTRA helps you manage and plan your inventory levels, orders, shipments, forecast and balance demand and supply.
SPECTRA helps you evaluate and fine-tune your supply chain performance using predefined KPIs and enables the faster realization of your strategic business objectives. Your objective may be any of the below:
- Minimizing your stock-outs risks without compromising on your bottom line
- Bringing in more predictability in shipments
- Reduce your purchase price variance across suppliers
- Identify up-sell and cross-sell opportunities for your product range
- Managing your master data to remove duplicate vendors and suppliers
While doing this, with Google-like search capabilities coupled with OCR engine, SPECTRA can also help you extract meaningful data from PDFs, engineering drawings and catalogues and manage labels to enable faster insights from your research and development, ensure faster go-to-market for your products or manage strict regulatory norms of the pharma world.
Industry & Use Cases
SPECTRA platform currently caters to the needs of the life sciences and consumer industry, which includes, R&D, Clinical trials, Healthcare regulations, Supply chain, commercial, payer/ provider etc. The below diagram will provide a detailed overview of our value-driven approach to Analytics demonstrated using various use cases across the life sciences industry.
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