|By Business Wire||
|January 28, 2014 02:00 AM EST||
The Aptitude Allocation Engine is a new software product that empowers business leaders to unlock financial insight and profitability using Big Data. The product enables enterprise Chief Financial Officers and heads of business to measure the profitability of products, customers, channels, contracts and other dimensions more quickly and in more detail than previously possible.
Goals for data-driven business leaders
With new growth targets and increasing pressure from competitors, shareholders and customers comes the need for increased transparency into costs and the drivers of profitability. Many large companies struggle to quickly calculate detailed profitability, such as of an individual customer, as existing finance IT systems aggregate data and are geared to serving statutory reporting needs.
Using Big Data to unlock financial insight
The Aptitude Allocation Engine leverages a step change in processing performance, enabling enterprises to calculate detailed profitability quickly and improve strategic business decision making.
The underlying Aptitude platform incorporates in-database, in-memory and parallel processing technologies to rapidly process large data volumes. In contrast to other Big Data technologies, Aptitude is suitable for financial processing within large organizations where data integrity and auditability are invariably essential components of the Big Data project.
The Aptitude Allocation Engine utilizes this processing capability, using the data held within and the processing horsepower of an enterprise data warehouse to calculate profitability at granular levels. The processing speed helps analysts to not only calculate profitability but also to quickly iterate analyses to determine the drivers of profitability.
Calculating the profitability of an individual customer or product often requires this processing horsepower. A relatively small regional bank, for example, will have millions of accounts, thousands of branches, and hundreds of products. Allocating costs from hundreds of cost centres and deriving the profitability of individual customers can require the processing of hundreds of millions (and sometimes, billions) of calculations. The Aptitude Allocation Engine is able to process transactional level data making it possible to analyze the profitability of an individual product sold through a specific sales channel, without the need to wait overnight for answers.
“Business leaders at large organizations have spoken to us about the need to extract more insights from their data in order to drive business growth. Better strategic decision making is a top priority for CFOs, but answering questions about the profitability of individual products and customers is often technically exhausting and near impossible to achieve quickly,” says Tom Crawford, Executive Vice President at Microgen. “We’ve listened to the market and are excited to launch the Aptitude Allocation Engine. It provides large, leading enterprises with the ability to unlock insight and profitability from their data.”
Product overview webinar
- 30 January 1400 UK (GMT), 900 NY (EST)
- 4 February 1700 UK (GMT), 1200 NY (EST), 900 (PST)
Tristan Atkins, SVP of Product Management, will introduce the Aptitude Allocation Engine. We will discuss the approaches that large and leading firms are taking to get better financial insight and to optimize profitability.
Webinar with Forrester Research - “Financial Performance Management in the Age of Big Data”
25 February 1600 (GMT), 1100 NY (EST)
Senior analyst George Lawrie will present how leading enterprises are facing the challenge of measuring and optimizing line-level profitability. Join peers from industry to discuss how the Big Data and other technologies are being used by finance to make better strategic decisions.
About Microgen Aptitude Limited
Microgen Aptitude Limited, a Microgen plc Group Company (LSE: MCGN), is an enterprise software provider with expertise in helping CFOs at large enterprises to achieve financial insight, control and transparency.
The company’s customers include many of the world’s leading firms across a range of industries. Uniquely, Aptitude software combines finance domain expertise with a software platform that is able to rapidly process massive amounts of data.
Copyright © Microgen Aptitude Limited 2014. All Rights Reserved.
Microgen Aptitude Limited is a Microgen plc group company.
Microgen ® Microgen plc. Aptitude ® Microgen Aptitude Limited.
Microgen Aptitude - European & U.S. Patents Pending (for more information please refer to our website: http://www.microgen.com/patentsandtrademarks)
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are: Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS) Real-time operational tempos (IT, people and business processes) must be achieved Businesses that can "analyze data and act and with speed" will dominate those t...
Sep. 27, 2016 04:45 AM EDT Reads: 1,124
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, will compare the Jevons Paradox to modern-day enterprise IT, e...
Sep. 27, 2016 04:30 AM EDT Reads: 1,901
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Bradley Holt, Developer Advocate a...
Sep. 27, 2016 04:15 AM EDT Reads: 2,010
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Sep. 27, 2016 04:00 AM EDT Reads: 2,356
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Sep. 27, 2016 04:00 AM EDT Reads: 2,679
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Sep. 27, 2016 03:45 AM EDT Reads: 2,555
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Sep. 27, 2016 03:15 AM EDT Reads: 986
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
Sep. 27, 2016 03:00 AM EDT Reads: 2,752
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 27, 2016 03:00 AM EDT Reads: 2,932
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
Sep. 27, 2016 03:00 AM EDT Reads: 1,796
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation. In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Sep. 27, 2016 02:15 AM EDT Reads: 1,720
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Sep. 27, 2016 02:15 AM EDT Reads: 3,037
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Sep. 27, 2016 02:15 AM EDT Reads: 1,598
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls? In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Sep. 27, 2016 02:00 AM EDT Reads: 1,726
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Sep. 27, 2016 02:00 AM EDT Reads: 1,730