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Nextgen Invent: Trusted Technology Partner Providing Innovative Solutions for Complex Business Challenges

Deepak Mittal,Founder & CEO

Deepak Mittal

Founder & CEO

As technology continues to transform the business landscape, NEXTGEN INVENT is empowering mid-sized and small sized companies to keep up with the fast-paced tech world by offering highquality Data Science and IT services. With 16 years of experience, NEXTGEN INVENT has established a reputation across various industries, such as healthcare, retail, finance, insurance, supplychain, and manufacturing, and has emerged as a leader in this field.

Along with its core expertise in AI/ML/ Deep Learning and Cognitive Automation, NEXTGEN INVENT provides a comprehensive range of services, including custom software product development, technical due diligence, AI-enablement, Augmented Reality/Virtual Reality (AR/VR), Blockchain, Internet-of-Things (IoT), and big data analytics. In an exclusive interview with CIO Insider, Deepak Mittal, Founder & CEO of NEXTGEN INVENT, shares more about the company.

Highlight some of your team’s accomplishments.
Our team at NEXTGEN INVENT has an impressive track record of building and deploying 350+ AI models, ranging from recommendation engines to specialized models that suggest surgeons where to cut and not cut in real-time during surgeries. We have developed and brought 20+ analytics products to market that have been recognized and a few of those were acquired by top analytics companies such as IQVIA. Through our custom product development services, we have established a reputation for creating world class software that is widely recognized as best-in-class within the industry. Our IT strategy service offers fractional CTO or CIO roles, acting as a technology advisory board to take advantage of cutting edge technology solutions and grow strategically. Additionally, we provide technology due diligence services to private equity firms to help them invest smarter and make informed decision.

At NEXTGEN INVENT, we are committed to delivering the best services possible and helping our clients succeed. As our clients are HIPAA-compliant, SOC2-

compliant, and GDPR-compliant organizations, we take data privacy and security very seriously. Over the last decade, we have not only transformed organizations into AI-enabled and automated entities, but our team members have also made significant contributions to the field of AI and data management. Their hard work and dedication have led to the publication of 40+ journal articles in highly reputed international journals. We have also developed a cutting-edge data management framework that incorporates best practices to help companies identify and solve problems quickly and efficiently. These achievements reflect our team's expertise and commitment to providing top-notch IT services to our clients.

We are committed to realizing our clients' visions by implementing AI/ML solutions, cognitive automation, & innovative software products & services. Our experience, frameworks, & extensive ecosystem are essential tools we utilize to achieve this goal

What are the major or fundamental factors you take into consideration when suggesting your services or solutions to clients?
Our approach is to perform a detailed technology assessment, get understanding of clients goals and objectives then utilize a transformation strategy framework called Discover Strategize Plan and Execute-Adopt-Optimize. During the Discover step, we work on understanding and refining the client's vision, assessing their customers, competitors, product and technology strategy, systems, data, people, processes, and operations. In the Strategy step, we focus on activities such as value mapping for each ecosystem party, segmentation and positioning, quantifying data value, analyzing current workflows, identifying untapped opportunities, evaluating the strategy's impact on valuation, developing a product and roadmap, and identifying and selecting use cases. The Plan and Execute step, along with Adopt and Optimize, focuses on optimal execution and activities that can increase solution adoption within and outside the organization.

Our services go beyond simple suggestions, as we provide end-to-end solutions that guarantee regulatory compliance, security, scalability, and increased value within our clients'

ecosystem. Our approach emphasizes automation, minimization of technical debt, and the construction of scalable solutions. Recognizing that data is the new currency, we leverage the power of AI and ML to assist our clients in standing out in the market.

Furthermore, we bring in industry-leading advisors from our network to offer guidance from both a business and technological perspective, ensuring that our client's products and offerings are one-of-a-kind.

Elaborate on technology framework here at NEXTGEN INVENT.
Our company prides itself on our commitment to innovation and our ability to stay at the forefront of the latest technological advancements. As a partner of Microsoft, AWS, GCP, MONGODB, Data bricks, Snowflake, and Adobe, we utilize a diverse range of products, cloud services, and AI frameworks to manage data and create effective AI solutions. Additionally, we stay up-to-date with cutting-edge open-source technologies, including NVIDIA frameworks for Generative AI.

Our team is constantly upskilling to remain at the forefront of technological advancements. This is a key differentiator for our company, as we understand the critical role that data plays in today's market and the importance of utilizing the latest technologies to stay ahead of the competition.

What is the future roadmap for NEXTGEN INVENT?
NEXTGEN INVENT has achieved rapid growth, and this is due to a combination of factors, including a highly skilled and talented team, our extensive network of advisors, technology partnerships and relationships with research organizations. As evidenced by our inclusion in the INC 5000, we are one of the fastest growing companies in the USA. Our primary objective is to become the premier partner for midsize and small companies seeking to improve their offerings and develop world-class products and services. We achieve this by providing knowledge, experience, talent, and services typically only available to large companies.

We remain committed to investing in our technology and research, particularly in our Center of Excellence, which expands the horizons of what technology can achieve while helping our clients understand how it can improve their business while managing AI risk and AI ethics. While our focus is currently on the US and European markets, we plan to expand into other regions in the future. Our products and services have a large Total Addressable Market, and we are poised for aggressive growth. Our goal is to help our clients increase their market share and valuation by multiples, rather than just incremental gains.

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