|By Business Wire||
|April 2, 2014 06:05 AM EDT||
Addressing many Chief Executives’ 2014 top priorities to achieve post-crisis growth targets, optimize profitability, improve strategic decision making, and increase control over costs – Aptitude Software has announced new big data technology to help enterprises unlock financial insight at levels of detail, flexibility and speed never previously possible.
One leading retail financial services firm, for example, is now able to calculate the cost to deliver and the profitability of brokerage services in less than five minutes, improving on the multiple days that it previously took to allocate and apportion costs across their portfolio of services. The ability to quickly and confidently extract these insights revolutionizes the team’s ability to optimize profitability on a daily basis.
In vertical industries from telecommunications to retail to financial services, other leading enterprises want to achieve better financial insight, but are often restricted by the massive volume and complexity of their data and now strive for new approaches.
Telecom operators, for example, want to calculate profitability of customers with different usage profiles and to make better decisions about how to price plans and where to invest in infrastructure. In many cases, operators also need better cost and profitability data to address regulatory reporting needs.
Retailers need to calculate and improve their direct product profitability by optimizing product assortment, mix, and pricing. Understanding how to reduce costs for logistics and store handling by changing product characteristics such as size and location also gives them a competitive edge.
Financial services firms need to understand the profitability to serve customers across multiple channels and markets to drive company strategy. Many banks are concerned with calculating the cost to service customers in the branch versus on-line to support the investment case for mobile banking.
Powering Big Data Financial Analytics for Profitability
Aptitude’s software combines with the IBM PureData System for Analytics, and together the technology is presented as the IBM PureData Solution for Profitability Insight.
The Profitability Insight solution enables CEOs, CFOs and other heads of business to rapidly calculate the profitability of an individual customer, product, price plan, investment, channel or any other dimension, using Big Data to unlock detailed financial insight. The solution processes billions of allocations per hour in order so that enterprises can calculate line-level profitability and rapidly iterate analysis to analyse profitability drivers.
Existing finance IT and ERP systems fail to serve these needs, as they typically use aggregate data and are geared towards serving statutory reporting needs, providing only a high level retrospective view on performance.
The Aptitude Allocation Engine provides business users with intuitive interfaces to set up multi-dimensional profitability calculations, reducing the dependence on IT specialists or specialist code-based tools. The software is optimized for the IBM PureData System for Analytics, which simplifies and maximises the performance of data services for analytic applications, enabling financial analyses to run in minutes, rather than hours.
The new Financial Analytics Market
“Many industries, from telecommunications to retail to financial services, are now characterized by a high volume of transactions, new business models for growth and massive data,” says Tom Crawford, President at Aptitude Software. “The ability to dynamically measure the true profitability of individual investments, products, customers, channels and offers in minutes, rather than in rigid overnight batch calculations, means teams can make better growth decisions and optimize profitability. Our new Profitability Insight product is designed to help enterprises unlock financial insight from big data and gain true competitive advantage.”
About Aptitude Software
Aptitude Software Limited is an enterprise software provider with expertise in helping 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 technology platform that is able to rapidly process massive amounts of data.
Aptitude Software is based in London & Boston, and is a Microgen plc (LSE: MCGN) company.
For more information about IBM Big Data and Analytics technologies, please visit www.ibm.com/bigdata.
Boston Business Breakfast Roundtable
17 April 7:30am: Blue Inc. (Restaurant). 131 Broad Street Boston, MA 02110
IBM and Aptitude Software invite CFOs and executives from leading enterprises to contribute to a discussion on the challenges of extracting financial insights from the huge volume of data owned by large institutions. We will look at the various approaches being taken by those who are managing big data volumes to calculate line-level, near-real-time profitability. RSVP to [email protected]
CFO.com Webcast: Charting a Course to Profitability with Big Data – Sponsored by IBM
Thursday 27 March 2014
Join us for a discussion about how CFOs and business leaders across industries are gaining near real-time insight into the true profitability of individual customers, service lines, products and customers – a ‘Holy Grail’ for modern enterprises who want to optimize profitability.
Register and replay available at: http://www.cfo.com/webcasts/index.cfm/l_eventdetail?webcast=14706182&pcode=IBM031314_b
Webinar with Forrester Research - “Financial Performance Management in the Age of Big Data”
25 February 1600 (GMT), 1100 NY (EST)
The online webinar will feature senior Forrester Research analyst George Lawrie and review 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 and business leaders to improve strategic decision making.
Copyright © Aptitude Software Limited 2014. All Rights Reserved.
Microgen ® Microgen plc. Aptitude ® Aptitude Software Limited.
Aptitude - European & U.S. Patents Pending (for more information please refer to our website: http://www.microgen.com/patentsandtrademarks)
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Oct. 23, 2016 04:45 PM EDT Reads: 2,389
“Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CloudBerry Backup is a leading cross-platform cloud backup and disaster recovery solution integrated with major public cloud services, such as Amazon Web Services, Microsoft Azure and Google Cloud Platform.
Oct. 23, 2016 04:30 PM EDT Reads: 1,300
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit 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. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
Oct. 23, 2016 04:30 PM EDT Reads: 793
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Oct. 23, 2016 04:15 PM EDT Reads: 1,471
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Oct. 23, 2016 03:30 PM EDT Reads: 1,470
SYS-CON Events announced today that Coalfire will exhibit 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. Coalfire is the trusted leader in cybersecurity risk management and compliance services. Coalfire integrates advisory and technical assessments and recommendations to the corporate directors, executives, boards, and IT organizations for global brands and organizations in the technology, cloud, health...
Oct. 23, 2016 03:30 PM EDT Reads: 1,516
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, will contrast how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He will show the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He will also have live demos of building immutable pipe...
Oct. 23, 2016 03:15 PM EDT Reads: 1,533
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, you'll learn about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how Docke...
Oct. 23, 2016 03:15 PM EDT Reads: 1,574
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
Oct. 23, 2016 03:00 PM EDT Reads: 34,025
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Oct. 23, 2016 02:30 PM EDT Reads: 1,361
SYS-CON Events announced today that Transparent Cloud Computing (T-Cloud) Consortium will exhibit 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. The Transparent Cloud Computing Consortium (T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data proces...
Oct. 23, 2016 02:15 PM EDT Reads: 1,318
SYS-CON Events announced today that Cemware will exhibit 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. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Oct. 23, 2016 02:15 PM EDT Reads: 768
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 & ...
Oct. 23, 2016 02:00 PM EDT Reads: 4,445
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Oct. 23, 2016 01:00 PM EDT Reads: 1,781
SYS-CON Events announced today that MathFreeOn will exhibit 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. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
Oct. 23, 2016 12:45 PM EDT Reads: 973