Russian IT company 7RedLines, which specializes in data processing, is discussing cooperation opportunities with Azerbaijani banks, retailers and oil and gas companies, the company's development director Alexander Kovalenkov told Report.
According to Kovalenkov, 7RedLines covers all stages of the data processing process, from warehouse design to visualization, predictive analysis and instructional analytics, which include artificial intelligence and machine learning technologies.
"In 2020, we had a small experience of cooperation with the International Bank of Azerbaijan on the development of a mobile application. Currently, we are working on expanding our business in Azerbaijan, establishing partnership channels and introducing Russian software. We demonstrate to our Azerbaijani partners how Russian IT solutions can be used as an alternative to Western technologies, the achievements we have made in recent years and the advantages of our software in terms of price-quality ratio," Kovalenkov said.
He added that the company is currently actively negotiating with companies operating in the banking sector, retail trade and oil and gas industry of Azerbaijan.
"We plan to move to the stage of preliminary assessment and pilot projects in the near future. This will be an important stage in demonstrating how Russian technological solutions can be applied in the local market," Kovalenkov said.
7RedLines has been operating in the Russian market for more than eight years and cooperates with large companies in the fintech, oil and gas industry, retail trade and banking sectors.