Earlier, organizations would resort to extract, transform and load data (ETL) into giant data warehouses that had business intelligence solutions built over them for reporting. Oftentimes, all the systems would backup and combine the data into a database where reports could be run and everyone could get insight into what was going on.
The trouble was that the database technology could not manage multiple, continuous streams of data. It could not handle the volume of data. Not only that, it also could not remodel the incoming data in real-time. And reporting tools were lacking that couldn’t handle anything but a relational query on the back-end. Big Data solutions offer cloud hosting, highly indexed and optimized data structures, automatic archival and extraction capabilities, and reporting interfaces have been designed to provide more accurate analyses that enable businesses to make better decisions.
Better business decisions mean that companies can reduce the risk of their decisions, and make better decisions that reduce costs and increase marketing and sales effectiveness.
Data is the future of business but optimizing your technology and IT infrastructure can be a challenge. By maximizing the tools you have in place and supplementing them as needed, River Point Technology who was established in the year 2011,will transform your data into a prized business resource. The data explosion is here to stay. It is time to take the complexity out of your data and River Point gives a helping hand by offering a comprehensive range of modern technology solutions. Its integrated approach honors your business culture, your budget constraints and your business objectives. River Point’s service promise to you: Develop a relationship of trust, add value to your business and ensure that every solution aligns with a strategy of risk mitigation. River Point’s data-oriented approach leverages its customer’s most valuable asset - their data.
River Point was initially formed to consult organizations on their journey to the cloud. The public cloud market was in its infancy and rogue deployments were starting to foster in organizations. The firm focused the market down to the big data space in 2012 by building a data science practice and supporting technology such as Hadoop. It has taken a data-oriented model to market ever since in order to help its customers make data actionable.
River Point’s core business is technology resale and consulting services. However, within the past year it extended this to build out its own turn-key data platform. The subscription-based service was built to enable companies to generate faster time to value with initiatives such as IOT and Advanced Analytics.
The firm went through dire straits in the early years. The problems encountered were: having too broad of a message and product portfolio. Founder Jeff Eiben noted that when starting a business, you want to be opportunistic to generate any revenue that you can, however that leads to a lack of focus. The lack of focus gets recognized by customers which impacts sales cycles and an organizational identity. The learning lesson is to refine your niche early on which can be expanded later but getting good at something early will build a stronger base to work from.
The firm feels that its key success factors are technological innovation, strong technical talent, customer success focus, and leading market trends. River Point found that being obsessed with its customer’s success has been the strongest identifier of its company. River Point hires for talent that is willing to do whatever it takes for its customers and to have a desire to continually challenge itself. Eiben says that it is easy to find talent with the technology side, but those intangibles are not something that can be taught. These traits are why River Point customers stick with them and they have strong customer loyalty.
River Point focuses on the data explosion which involves refining what verticals are ready to consume its portfolio and those that aren’t. The firm has been burnt on market timing previously, so it has learned to do a much better job of mapping out its technology to the proper vertical and market drivers.
The firm says that it gained product popularity because customers are looking for solutions that drive immediate value for their organization. River Point’s product is geared toward that goal as most organizations are resource and budget constrained. The establishment focuses on outcomes that have a tangible ROI that can be measured and tracked. Its customers welcome a successful track record that they can align to in order to mitigate their risk in bringing in new technology to their company.
When asked what is the reason for its consistent growth as an organization? Eiben replied that it has always been able to sustain consistent growth as it has never settled and is always looking to take the next step. The company does this by always challenging itself to deliver and always be thinking of growth. The company proudly says that it takes a lot of pride in keeping the team trained on new trends such as artificial intelligence as well as personal growth such as leadership classes, etc. It’s this attitude of always striving to be better that has helped River Point keep growing.
Meet the people person: Jeff Eiben, Founder
Jeff’s passion for technology propelled him to launch River Point Technology in 2011. After watching businesses struggle to balance daily operations with IT innovation, he committed River Point Technology’s resources to break that costly trend. Jeff has more than 20 years of experience working alongside leading-edge technology providers.
“We help our customers mitigate the risk of adopting new technology.”
“Our service promise: Develop a relationship of trust, add value to your business and ensure that every solution aligns with a strategy of risk mitigation.”
IBM Tops 2020 U.S. Patent List; IBM India 2nd Highest Contributor
SAP Invests €55M to Accelerate Its Cloud Strategy in India
LG Now Has a Controlling Stake In Alphonso
B2B E-Commerce Startup Udaan Raises $280 Million
Digital Healthcare Tech Company DXY Raises $500M
© 2021 CIO Bulletin. All rights reserved.