Neo4j, Deloitte form regional service delivery alliance in Southeast Asia
Neo4jⓇ, the world’s leading graph data platform, announced a service delivery alliance with Deloitte Consulting Southeast Asia (Deloitte) for a range of services to customers within the region.
Under the agreement, Neo4j will provide product and technical support to Deloitte and eventually to the end-customer, while Deloitte will offer advisory and implementation services to build graph-powered solutions to fit end-user needs.
The partnership, a first of its kind for a graph technology vendor in Asia, will focus on multiple verticals, including logistics and transportation, telecommunications, financial services, and government and public services.
Neo4j is the recognised leader in graph technology. The Neo4j Graph Database is the perfect platform for building enterprise knowledge graphs. Data scientists can then use advanced analytics techniques on that data using Neo4j Graph Data Science, enabling use cases from fraud and anomaly detection to supply chain optimization.
Knowledge graphs are ideal for handling vast and complex troves of data, storing information as connected nodes and relationships. They excel in connecting and managing masses of data to answer complex queries.
Neo4j Graph Data Science enables data scientists to achieve greater predictive accuracy with comprehensive graph analysis techniques that perform at scale, easily handling hundreds of billions of nodes and relationships. Users can improve models through a library of graph algorithms, machine learning pipelines, and data science methods.
Chris Lewin, AI & Data Practice Leader at Deloitte Consulting Southeast Asia, said the partnership will focus on three key pillars – knowledge graphs, networks, and customer 360.
"With the rise of graph data platforms in the region, Neo4j is the ideal partner for Deloitte to enhance our value proposition for customers by advising and implementing high impact & insights driven solutions such as knowledge graphs. Deloitte has developed knowledge graph accelerators to enable organisations to quickly adopt and leverage the power of knowledge graphs,” Chris said. “Neo4j’s world-leading platform combines user-friendly tools with a powerful library of production-ready graph algorithms that can help our customers generate insights to drive growth and give their businesses a competitive edge.”
Gartner predicts that by 2025, graph technologies will be used in 80 percent of data and analytics innovations, up from 10 percent in 2021.
According to Nik Vora, Vice President of Neo4j Asia Pacific, the partnership with Deloitte means customers will be able to counter the challenges of dealing with dynamic, complex relationships between data to achieve strategic business goals.
“We’re excited to collaborate with Deloitte, which has a trusted reputation across the Southeast Asian region and around the world. Deloitte has proven solution delivery capability, and together, we have a shared vision of helping customers derive deep insights from ever growing, highly interconnected datasets,” Nik said. “The demand for graph data platforms continues to grow – at Neo4j alone we experienced 100 percent growth in Asia Pacific in 2021, with accelerated demand coming from a wide range of industries, including financial services, travel, retail, public sector, and healthcare organisations wanting to solve complex business problems with Neo4j.”
A commissioned Forrester Consulting Total Economic Impact™ (TEI) study on the business benefits of Neo4j’s graph data platform demonstrated more than 400 percent return on investment over three years for a composite organisation.
Hundreds of organisations around the region rely on Neo4j for mission-critical applications, and many thousands more experiment, prototype, and deploy Neo4j’s expanding portfolio of cloud services. Notable customers include the Capital A, Standard Chartered Bank, DBS Bank, Starhub, Amity Thailand, and leading government agencies.
