Mind Analytics increases its turnover by 6% in 2019 to 1.1 million Euros

The Spanish start-up has boosted its EBITDA to 13% of its revenues thanks to the investment in its Travel Intelligence Engine tool.

Barcelona, May 25, 2020.- Mind Analytics, a Spanish start-up specialized in data analysis to optimize decision making in the tourism industry, has closed the 2019 financial year with a turnover close to 1.1 million Euros, which means an increase of 6% over the previous year.

Mind Analytics also increased its EBITDA by 285%. Thus, it has achieved 13% of its revenues thanks to the good results of the investment in the Travel Intelligence Engine, the first tool in the tourism sector that combines AI, Machine Learning and Big Data, designed to improve the conversion of hotel distribution wholesalers.

This is a technology developed in Spain, which combines the advantages of advanced descriptive analytics, artificial intelligence and automated learning. The combination of these three functionalities allows to obtain a better knowledge of the tourism market and to give an immediate response, optimizing the conversion up to 30%.

For Joaquín Oroño, the company’s CEO, “All crises bring opportunities and in this case, the drop in demand allowed us to accelerate in key parts of our platform to advance in our mission to digitize the tourism sector. We are close to launching our product for hotels that will allow the hospitality sector to accelerate its digital transformation and have a better and clearer knowledge of the client in order to offer them what they need at any given time”.

Therefore, the Barcelona start-up has excellent forecasts. Despite the Covid-19 crisis, its forecast is to double its EBITDA by 2020.

About Mind Analytics

Mind Analytics is a Spanish company founded in 2013 with offices in Barcelona and Majorca. Specializing in data-based technology to improve decision making, the company offers advice and solutions to obtain valuable knowledge from data. The company’s value proposition is based on delivering innovative, reliable and scalable technology that enables organizations to improve their corporate performance and make the leap to digital transformation.

More information:
Evercom
Marta Martín marta.martin@evercom.es
Lola Estevan lola.estevan@evercom.es
93.415.37.05

Previous
Next

Related Posts

How can Business Intelligence be intelligent?

The classic Business Intelligence formats – dashboards and reports – have been useful for monitoring the business, but are rarely sufficiently intuitive to make proactive decisions. Business Intelligence has always been retrospective, looking back over events that have already taken place. The technology just about guides the only-human user, solely giving them the facts and dumping […]

Welcome to our new web site!

We offer you a more dynamic, intuitive web site, with a more up-to-date, modern and technological design, which is far more suitable for the sector we operate in. So, what will you find on our web site from now on? It is a space designed so that you can find out about all we have […]

Technology Trends 2020: Virtual reality will shape the future

Betting on technological development is essential for the future and data are the axis of everything, they are the center of the digital transformation. Without data you can’t do anything, you need data to customize your business, to make applications, to differentiate yourself from the rest, to automate processes… It’s digital oil and now it’s […]