Bala Palamadai's Contact Details

Bala Palamadai's Company Details

Biz of IT Innovations - The Best Innovation Platform for Enterprises

Chicago, Illinois, United States • 7 Employees
Information Technology & Services

Bizofit (pronounced Biz of IT) is the best Open Innovation Platform for Enterprises and Technology companies. The Mobile Innovation Platform is called "Innovation HQ"​. 'IT'​ in 'Biz of IT'​ does not stand for Information Technology; it stands for "Innovation & Transformation"​.Bizofit's Open Innovation platform enables enterprises to discover and connect with startups on a "globally curated"​ platform. The platform also helps enterprises and startups to collaborate and build solutions.Via Bizofit / Innovation HQ platform, Enterprises post Innovation Challenges and Business Problems and crowdsource Ideas and Innovative solutions. Tech companies use the platform to reach CXOs and generate "Digital"​ Leads.Focus areas are Digital Technologies.The Technology companies on the Platform are curated, and Ideas and Solutions are vetted.Other features include the ability to Identify, Evaluate, and Select Technology Solutions through our proprietary 4P SUGAR Quadrant Framework. SUGAR stands for "Specialized User Generated Aggregate Rating"​. Only Customers and Analysts rate companies and solutions on the Platform.Bizofit was launched by IT Services industry veteran Bala Palamadai to disrupt the Technology space, by challenging the Status Quo – based on Legacy sourcing approaches, Legacy Service Providers and Legacy engagement models – that resulted in sub-optimal solutions, huge costs and limited adoption of Transformational solutions in several organizations. Identifying a new Technology vendor takes up to nine months – an unacceptably high time frame in today's world. Also, a little-known fact is that new customer acquisition often costs as high as 20-30% of revenues for IT Service Providers, a cost which ultimately is borne by Enterprise Customers.  Through adoption of its Platform, Bizofit seeks to eliminate these inefficiencies and reduce costs, and most importantly present Enterprises with Transformational & Innovative Digital Solutions.Ideate & Innovate!