Welcome!

News Feed Item

Aptitude Software Delivers New Big Data Technology for Detailed Profitability Insight

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.

Learn More

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.

Replay available here: http://www.microgen.com/uk-en/enquiry-form/webinar-finance-performance-management-age-big-data

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)

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discussed how a new approach is neces...
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
"I focus on what we are calling CAST Highlight, which is our SaaS application portfolio analysis tool. It is an extremely lightweight tool that can integrate with pretty much any build process right now," explained Andrew Siegmund, Application Migration Specialist for CAST, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
The Founder of NostaLab and a member of the Google Health Advisory Board, John is a unique combination of strategic thinker, marketer and entrepreneur. His career was built on the "science of advertising" combining strategy, creativity and marketing for industry-leading results. Combined with his ability to communicate complicated scientific concepts in a way that consumers and scientists alike can appreciate, John is a sought-after speaker for conferences on the forefront of healthcare science,...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"Our strategy is to focus on the hyperscale providers - AWS, Azure, and Google. Over the last year we saw that a lot of developers need to learn how to do their job in the cloud and we see this DevOps movement that we are catering to with our content," stated Alessandro Fasan, Head of Global Sales at Cloud Academy, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...