Glasgow based MBN Solutions and Purple
Management Consulting have announced their new joint venture;
"Purple Vantage" and its acquisition of the intellectual property
and methodologies of Consilium Analytics for the provision of
advanced analytics advisory services.
Purple Vantage will
address the market opportunities created by the growth in the
application of Data, Insight & Analytics and Blockchain
use.
The growing use of blockchain
technology already includes applications for big data and
artificial intelligence, as new, automated analytic techniques look
for patterns in the "relationship data" about people, customers and
transactions. Purple Vantage has been established to become a
market leader in this convergence.
Paul Forrest, Chairman of Purple
Vantage (pictured left) said "Having spent a number of years at
Consilium Analytics, helping large corporates transform their
fortunes with the application of digital technologies, AI and
analytics, it made sense to use our effective, tried and tested
tools and methodologies to form the bedrock for the new venture
between MBN & Purple".
Michael Young, chief executive, MBN
Solutions (right) and Alistair Sergeant, chief executive, Purple
(centre) will also take formal roles in the new JV as Chief Client
Officer and Chief Executive Officer respectively.