Banks and credit unions have amassed vast stores of data gleaned from their customers and other sources. So much data, in fact, that figuring out what's truly valuable, how to leverage it and then actually doing that effectively ranks among their foremost challenges.
Of course, the key to making good use of available data is in its analysis. This means having a plan that asks the right questions of that data. It means the many action verbs: gathering, checking for input quality, visualizing, modeling, measuring, double-checking for biases and errors, and more. And it hopefully means arriving at insights that lead to smart decisions or valuable new products or applications.
The Coolest Business Analytics Companies Of The 2021 Big Data 100
Business analysis and data visualization software are critical components of the big data technology stack. They are the tools that business analysts and information workers use to gain understanding and insight from the increasingly huge volumes of data assets businesses are generating today and to share that knowledge throughout an organization.
The global business intelligence and analytics software market is projected to grow at a CAGR of 5.9 percent from $23.9 billion in 2020 to $33.8 billion in 2026, according to market researcher Valuates.
Data Management & Analytics in Focus 2021
As data and reporting requirements continue to ramp up, private equity managers are embracing the power of technology and making use of the analytical tools it can provide. This report delves into the changes being witnessed across the industry as PE firms aim to harness value-add through the use of sophisticated data analysis.
By A Paris – Private equity may have, historically, lagged the broader financial industry when it comes to the adoption of technology and automation. But as more data becomes available, reporting and transparency requirements on behalf of limited partners (LPs) ramp up and firms continue to diversify their investments, access to analytical tools and the expertise to use them is fast becoming a necessity.
Genii Analytics Partners with CallMiner to Enhance Customer Experience and Contact Centre
Genii is a full stack conversational analytics company, providing software solutions, IaaS (Insights-as a service), consulting, and professional services to optimise customer experience (CX), retention, sales and collections. Organisations across a wide range of segments, including financial services, healthcare and BPOs, rely on Genii's deep CX and contact centre domain expertise to help select and implement a speech analytics solution that is best suited for an organisation's specific
Through the CallMiner and Genii integration partnership, organisations will realise key benefits, including:
AAM Strikes Business Partnership With Phocas Data Analytics
The AAM Group has partnered with leading data software company Phocas to provide enhanced analytics and savings to its warehouse distribution members. Known for its speed and user-friendly interface, Phocas empowers companies to make decisions based on actual data intelligence, including analyzing purchasing patterns, bringing opportunities to customers and mining for overlooked profit generators.
"We are very pleased to partner with Phocas," said AAM President Tim Odom. "AAM members are committed to maximizing their productivity and value creation for their customers and our supplier partners. Phocas will provide us with actionable insights that allow members to identify growth opportunities and better understand our customers and their needs."
Technology, data and analytics become essential value drivers
By A Paris – Private equity may have, historically, lagged the broader financial industry when it comes to the adoption of technology and automation. But as more data becomes available, reporting and transparency requirements on behalf of limited partners (LPs) ramp up and firms continue to diversify their investments, access to analytical tools and the expertise to use them is fast becoming a necessity.
"Technology has become, as we see in the industry and generally in our society, such a big part of pretty much every industry, including ours," comments Mike Lo Parrino, EY Americas Financial Services Organization Private Equity Leader, in a webinar.
ThetaRay launches anti-money laundering AI and analytics for the cloud | VentureBeat
ThetaRay today announced that its AI-based anti-money laundering (AML) analytics will be available on public and private clouds, including Azure, Google, and AWS.
ThetaRay's AML platform uses unsupervised machine learning to monitor financial transactions, integrating data and triaging alerts in real time. And its new cloud-agnostic version aims to increase the speed at which the cybersecurity company's clients — banks and fintech firms — can detect potential threats.
Opportunity for managers to drive impact in ESG analytics
Given its inherently analytical nature, private equity is well placed to include environment, social and governance (ESG) factors in its investment process. The challenge lies in making sure the data being collected is relevant and material. This hurdle needs to be conquered as investors are starting to pass over managers who are not taking this matter seriously.
"It would be amazing if there were clear-cut answers to what needs to be collected and measured, but the truth is it's usually context specific," highlights Kylie Ford, principal consultant – ESG at Goby. "As a result, many PE managers get stuck not knowing what to ask. LPs tell them they need to focus on certain areas which may or may not line up with what they're able to collect."
Happening on Twitter
FAKE NEWS. India has already vaccinated more than 10% (approx.) of its population. This includes both first dose an… https://t.co/9fmGYshZSg Soumyadipta (from भारत) Sat Apr 24 11:41:10 +0000 2021
This guide by @crestodina will show you how to use Google Analytics segments for better data and better decisions:… https://t.co/rkNkVLGVny semrush (from Boston, MA) Mon Apr 26 06:11:00 +0000 2021
"People spend 60% to 80% of their time trying to find data. It's a huge productivity loss."https://t.co/s5A1ldiPMy MITSloan (from Cambridge, MA) Sat Apr 24 20:15:06 +0000 2021
"Why do we consider it one of the most important features ever? ... You will be able to import any type of data wit… https://t.co/hydq7MW1oK googleanalytics (from Most places) Mon Apr 26 15:25:28 +0000 2021
No comments:
Post a Comment