Shares of Subex, a provider of operations support systems jumped 14% today after the company announced its partnership with Snowflake, the Data Cloud company, to bring the power of AI-driven Augmented Analytics to enterprises.

Subex, through its Augmented Analytics platform, HyperSense, and Snowflake will combine competencies to enable enterprises to accelerate their data analytics journey and realize the true value of their data.

Through the partnership, Subex and Snowflake aim to bring accelerated efficiency and agility to enterprises and help them innovate and create greater value for their businesses.

"Data has become the most useful asset for any organization, and how they utilize it to generate maximum value for everyone in the value chain is going to differentiate any data driven organization from the rest. The vision of the partnership between Subex and Snowflake is to change the way companies' access and explore their data. Snowflake's Data Cloud is mobilizing data globally. We believe that partnering with Snowflake provides us with an opportunity to access a much wider decision analytics market.

The objective of this partnership is to bring data science closer to the business by democratizing AI and increasing adoption of BI, enabling a process automation layer, and a selection of pre-built reference use cases. We are excited to join hands with Snowflake to deliver exponential value to our customers," said Suresh Chintada, Chief Technology Officer, Subex.

Shares of Subex  are trading at Rs 61.15, up Rs 7.55, or 14.09%  at the Bombay Stock Exchange (BSE) on Thursday at 3 p.m.

The scrip has touched an intra-day high of Rs 61.80 and low of Rs 52.20. The total volume of shares traded at the BSE is 7,827,008.

Currently, the stock is trading down  1.05% from its 52-week high of Rs 62.20  and above 1614.48% over the 52-week low of Rs 3.59.