tag:blogger.com,1999:blog-5248004253001450683.comments2024-01-31T04:25:06.764-08:00Aloke BhandiaAloke Bhandiahttp://www.blogger.com/profile/10767832899666978245noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5248004253001450683.post-37851394994956382112008-08-25T09:13:00.000-07:002008-08-25T09:13:00.000-07:00I agree with you in that Zycus is one of the indus...I agree with you in that Zycus is one of the industry leaders in Spend Analysis. I would love to get an update from Zycus in this area. However, my original comments were intended to indicate the areas of technical strengths that traditional search vendors can leverage to enter Spend Analysis. Search vendors can be a force to reckon with due to the investment they can potentially make if they decide to focus in this area. The possibilities of continual improvement in the areas such as automated spend line item classification based on company history, supplier history, item description, etc. is almost unlimited and the vendor that can build competitive barrier through rapid algorithm enhancement, rich supplier database and accelerated customer acquisition will be very difficult to dislodge.Aloke Bhandiahttps://www.blogger.com/profile/10767832899666978245noreply@blogger.comtag:blogger.com,1999:blog-5248004253001450683.post-55617737177042721532008-08-25T00:03:00.000-07:002008-08-25T00:03:00.000-07:00Hi Aloke,I saw your comment on Jason's blog and th...Hi Aloke,<BR/>I saw your comment on Jason's blog and that is how I landed here. I completely agree with you, when you say that data is the most important piece of the spend analysis puzzle. In fact, we at Zycus at realized this much ahead of time (in 2000). <BR/>We have pioneered the use of Baeysian algorithm in Spend Analysis and now have two patents on AI algorithms for spend data classification and enrichment. I would also like to add that it is not just technology but we are also recognized as one of the market share leaders in this space.<BR/>Drop me a line on anuragATZycusDOTcom and I would be more than happy to schedule a small briefing to take you through our products, achievement and future directions.<BR/>Thanks,<BR/>Anurag Dixit<BR/>VP Marketing, Zycus<BR/>www.zycus.comAnonymousnoreply@blogger.com