LBB Logical Glue - bringing predictive analytics into the 21st Century

Little British Battler Logical Glue is a young company at the ‘bleeding edge’ of predictive/prescriptive analytics, with a purpose built SaaS platform that performs the work of data scientists at speed and scale.

What really impressed us is Logical Glue’s application of the latest computational intelligence led by chief science officer Professor Hani Hagras, who also happens to be the winner of the 2010 robotics world cup! With CEO Colin Magee's 15 years experience running analytics companies, together they should make a winning combination.

Logical Glue's technology applies Fuzzy Logic, Machine Learning/Robotics and Genetic Algorithms to look at data analytics problems differently, the results of which are proven to be more accurate, fast and transparent than traditional statistical models used by data scientists.

The platform can be set to work on big structured data sets to generate an accurate predictive model, displayed on a dashboard explaining how each predictive question has been taken. It helps to answer key questions like ‘what happens next?’ and ‘does it make a difference?’ with a view on bottom line business impact.

Logical Glue’s initial target is the ‘alternative finance’ space, where there are a growing number of new entrants, peer-to-peer lenders and challenger banks coming through. These are SMEs and start-ups that are embracing competition in the market, but they need to have access to low cost, real-time insights on customers and to make live credit risk decisions. This looks set to be Logical Glue’s sweet spot. However, there is plenty of opportunity in other sectors, like insurance and e-commerce.

Logical Glue’s SaaS platform has only been officially live since Q4 last year, but it is seeing 10-20% month-on-month growth, and gaining partnering interest from large IT services providers. Logical Glue is in a hot space, and we think destined to make a big impact with its next-generation predictive analytics platform.

Posted by John O'Brien at '08:00' - Tagged: analytics   lbb   bigdata