Noteworthy: State of Texas invests in DataInfoCom

In October, Texas Governor Rick Perry announced a $1.6 million investment in DataInfoCom, through the Texas Emerging Technology Fund (TETF). Governor Perry made the announcement at the State of the State luncheon hosted by the Dallas Regional Chamber of Commerce.

DataInfoCom has created Predictive Decision Management, an emerging technology that helps Fortune 500 customers like Dell and Microsoft predict specific outcomes of their most valuable business processes. More importantly, DataInfoCom’s Predictive Decision Management provides – for the first time – practical recommendations to improve future business results.

“Predictive analytics has been around for years – predicting what will happen, when and why,” says Atanu Basu, CEO of DataInfoCom. “But what’s been missing is ‘so what actions should I take and when, based on these predictions?’ And that’s where our technology comes in. DataInfoCom’s software puts predictive analytics to work providing specific, timely and practical recommendations that business managers can use to improve the predicted outcomes of their most critical business processes. Our Predictive Decision Management software offers both the predictions and the corresponding decisions, on an ongoing basis.”

DataInfoCom will use the funding for the commercialization of its new technology. The investment in entrepreneurship and technological innovation will benefit not only DataInfoCom customers, but the state as a whole in terms of the creation of high-quality jobs, economic development and advancing applied research opportunities in the mathematical sciences and computer science.

The Texas ETF is a $200 million initiative created by the Texas Legislature in 2005 at the governor’s request, reauthorized in 2007 and again in 2009. A 17-member advisory committee of high-tech leaders, entrepreneurs and research experts reviews potential projects and recommends funding allocations to the governor, lieutenant governor and speaker of the house.