Spend Matters 50 to Watch – Rage Frameworks

Now we have announced the Spend Matters 50 to Know and 50 to Watch, our US site and my colleagues there have started running through all the providers to give the reasoning behind their inclusion. These are brilliant short summaries of each company’s offerings,  and will be of great value I know for many readers.

Rather than just copying the US pieces, I am adding any comments I might have on the firm, then give you the link to the US post. You can decide whether you want to read the whole US piece. Now in some cases, my entire comment will be ‘I don’t really know this firm’. In some cases, I will be able to add some further value and insight myself.

So apologies, here is another firm where I haven’t had much direct contact or experience – Rage Frameworks. Great name by the way, sounds like a Finnish Death Metal band.  “Buy the great new album ‘Embracing the Vortex’, from Helsinki’s favourite metalheads, Rage Frameworks!”

Anyway, back to reality.  Here is what my US colleagues have to say about the firm.

rage_logo_200x200  "Rage Frameworks is a true big data analytics platform – along with a business process management (BPM) module – that has a supplier risk module built on top of it. What makes Rage so unique is its semantic intelligence capabilities that are able to mine, classify and interpret unstructured text using natural language processing built within specific ontologies (knowledge domains), and then provide predictive analytics and heat maps based on those analytics.

… Moreover, Rage factors into account that risk is contextual – and the toolset lets users define their own context! This stands in contrast to other risk assessment firms that typically spoon-feed clients their abstract risk definition, based on somewhat to highly nebulous data points, aggregated and massaged via proprietary formulas.

We’ll be providing some additional colour on Rage Frameworks to Spend Matters Plus subscribers later today. Unfortunately, there’s nothing simple about the genius of Rage and what they’ve done. It’s complex, it’s elegant, and its game changing. We’ll explore and distill how they do what they do in this additional analysis".

Read the whole Spend Matters US article here.

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