Data and Business Analytics Services

Turn data into new sources of competitive advantage by facilitating data driven insight to improve both the decision-making process and the efficiency of your processes, as well as to create new products and services.

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data analytics and business intelligence

Why Data Analytics matters

Strategic initiatives in business intelligence that make the difference operate on three levels: trust, leverage then advance with data. Begin by putting in place a clear data governance path to ensure the organisation relies on good quality and complete data available for every level of the business. Change management is a people-first critical aspect to consider right from the start. Then work to have data in one place as well as the tools that are user-friendly and simple to understand. Finally, data must be able to measure performance and drive a general understanding of trends to make the right business decisions in the future. The ultimate goal is to achieve a competitive advantage through integrating data into your operating model.

 

Is your organisation ready to monetize the potential of your data?

data analytics services

Data and Analytics Solutions for the Financial Services Industry

Discover data analytics solutions that can help you make smart investments, focusing on reduced data point complexity to deliver business insights and identify growth drivers. Analyze the overall financial results including sales, cost, profits and more from different tables. Migrate from traditional reports to advanced platforms such as Microsoft Power BI, Tableau, Qlik and many others which will provide interactive visualizations and a holistic view of your most important data.

Explore showcase on PowerBI.com

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Facilitating growth with insight through data

Data Analytics in the Financial Services Industry

Deliver a winning customer experience with improved segmentation and targeted solutions that can enhance the accuracy of risk estimations in underwriting, thus reducing the cost of claims and identifying new sources of sustainable growth. Predictive Analytics is both revolutionary and evolutionary in the context of an insurer’s three major business areas: marketing, underwriting, and claims.

Business Analytics for Marketing

Segmentation

Business Analytics tools enable to prepare segment-wise reports, according to which marketing teams can determine where to concentrate resources.

Marketing Mix Optimization

The 4Ps of marketing: product, place, price and promotion help sales managers determine the right mix that can result into optimum sales.

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Business Analytics for Underwriting

Precise Pricing, Enhanced Value

In the new Underwriting paradigm, the actuary can complement traditional questions with scientific questions that drive better risk decisions.

Real-time Analytics with big data

Faster screening of new claims: analyze past customers and customer groups in order to establish a screening model to measure new applicants against.

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Business Analytics for Claims

Fraud
Analyze trends to identify and predict future fraud activity by individuals and groups.

Claims dimensions
Assess claims by size of settlement, allocating internal resources to higher priority claims.

Improving Decisions in the Claims
Management Process

There are many decision points across the claims management process that can benefit from the foresight that predictive analytics provides.

 

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financial industry

Why incorporate a data-driven strategy into the processes of your financial services?

  • Boost profitability
  • Boost productivity
  • Boost customer satisfaction and retention

All of the above benefits are part of the same foundation that makes your organisation successful. Utilizing data to strengthen these organisational pillars can ensure the long-term success of your organisation.

analytics services

How can we help you?

If you are looking for a strategic partner that can help you narrow down your focus, create custom visualizations, automate reporting, and enable your end-users, learn more about our Data and Analytics solutions.

Data Visualization

An innovation in the way analysts work with data: react to issues more rapidly, look at data differently, more imaginatively using data exploration tools.
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Predictive Modelling & Advanced Analytics

Automating strategic and operational insights through Machine Learning, AI, Data Science, Advanced Mathematical and Statistical Analysis and Modelling.
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Data as a Service

Our plug and play dashboards are built in Power BI and ready to be placed on top of a standard data lake, delivered through the cloud with Microsoft Azure. This accelerator is delivered through a subscription under the Data as a Service model.
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Machine Learning

Develop and train algorithms to determine predictive customer behavior, mitigate risk and automate fraud detection.
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blog

Articles and Insights

MLOps: Enabling Data Science to Shine

2021 has been called by some IT industry actors “the year of Machine Learning”, heralding the time when ML predictions become the norm in almost all industries and sectors around the globe.

Opinion

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The Softelligence Software Engineering Internship Program for Craiova students is back

Are you ready to start your career in software engineering? We invite you to apply for an opening with our software development and engineering program in Craiova, Romania.

News

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A Place and Time for Data. An Unlimited Power to Decide.

How and where do you get the right information, at the right time? The answer lies in the symbiosis between man and machine, in a partnership between humans and technology, known as the data-driven digital transformation of business processes.

Opinion

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2021 Softelligence's Growth and Financial Times Ranking | Adrian Blidăruș Interview with Aleph News

Learn more about Softelligence's growth and its ranking in the Technology category, of the 2021 FT1000 Fastest Growing Companies top compiled by Financial Times and Statista in Adrian Blidăruș's Interview with Aleph News.

Media

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How does the EU's Anti-Money Laundering Directive impact the digital identity verification process

Risks of money laundering, the financing of terrorism, and the security of the citizens have always been a major concern for the European Union and remain of paramount importance during the COVID-19 crisis, as well. The anti-money laundering (AML) regulatory landscape continues to evolve.

Best Practices

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