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

Data_as_GIFT. Thinking through bits and bytes

When data becomes "food" for AI, it is valuable because it is part of a code + data association. Anthropologist Antonia Walford (2021) observed that “data is a form of potential and is valued not only for what it is but also for what it will become”.

Insight

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How to evaluate the success of your software engineering relationship

Externalizing your application development to a partner outside of your organization is a challenging and often time-consuming process, but fortunately for you, that part is now over.

Best Practices

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Softelligence is expanding regionally by opening a new branch in North Macedonia
Total investment: EUR 1 million, in the next 2 years

“Our aim is to create and expand an Eastern European excellence hub for consulting and digital transformation for companies providing financial services, which will be serving global large customers. In the past three years, Softelligence has been involved in increasingly complex international projects, which are an essential part of turning our customers’ visions into reality."

Press Releases

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5 questions you should expect
from your new software engineering partner

Engaging the right development partner can be a challenging process; it is a bit more complex than simply conducting job interviews for various technical openings at your company. Because beyond “filling the gaps” and finding your initial development team, it is important to engage the right organization. A partner.

Best Practices

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The support of the Romanian National Robotics Team at Expo 2020 Dubai marks the 3rd Softelligence Generation Tomorrow CSR Program

The support of the Romanian National Robotics Team marks the third project of the CSR program "Generation Tomorrow" and focuses on practical education and innovation. The first three stages of this program, announced in early 2021, have been completed. The second program initiated and supported by the company was "SOS Planet Scholarships".

Media

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    global hq & uk office London, United Kingdom

    New Broad Street House, 35 New Broad Street, London, EC2M 1NH

    romania hq & delivery center Bucharest, Romania

    4D Gara Herastrau Street, 2nd Floor
    Building C, 020334

    +40 31 425 19 08

    engineering delivery center Craiova, Romania

    30 Stirbei Voda Blvd,
    Malmo Business Center, 200423

    +40 35 142 36 80

    let’s get in touch E-mail us at

    accelerate@softelligence.net