Today at Predictive Analytics World Information Builders, a leader in business intelligence (BI) and analytics, information integrity, and integration solutions, announced that organizations are increasingly using the company’s predictive analytics solutions to drive proactive decision-making and optimize revenue.
To truly reap the benefits of predictive analytics, however, organizations need a unified platform that enables native access to disparate data sources, the ability to prepare and manipulate the data to discover patterns that drive behavior, and most importantly, enables the predicted results to be embedded into end-user applications. Historically, enterprises have struggled to obtain this comprehensive view, but Information Builders addresses this issue with WebFOCUS RStat, a fully integrated BI and predictive analytics environment.
WebFOCUS RStat bridges the gap between historical data and forward-facing business operations and ensures that predictive analytics are part of every report, giving users the ability to make decisions based on accurate, validated forecasts of future events or conditions. Like all of Information Builders’ solutions, the platform is designed to facilitate information access and analysis for the masses. While many tools require advanced statistical training, WebFOCUS RStat was built so that business analysts can easily use the technology. Because these models are embedded into the WebFOCUS metadata, users can easily deploy them on any platform or mobile operating system.
Information Builders has numerous customers leveraging its predictive analytics solutions, such as NextGear Capital, Inc., the country’s largest independent inventory finance provider for used automobiles. The company’s success is predicated upon understanding the financial positions of the dealers to whom it extends loans. “Predictive analytics is a critical component of our BI investment,” said Chris Brady, chief information officer of NextGear Capital. “Information Builders’ technology enables our users to analyze trends contained in operational metrics and predict future outcomes based upon this information. As a result, we’re able to be more proactive in our decision-making and can adjust financial reserves, lending standards, and dealer inventories in response to business trends. This helps us advise dealers so that they can be more profitable, and also gives us the ability to forecast our own revenue as a result.”
“In today’s fast paced business environment, organizations cannot afford to base decision-making on guesses when data driven insights can be easily obtained and provide much more accurate information,” said Gerald Cohen, president and CEO of Information Builders. “To be successful companies need to move from reactive decision-making to a more informed, proactive approach. Predictive analytics plays a vital role in this by equipping organizations with the ability to analyze past and current data and use this information to forecast future conditions. As this trend grows more popular in the industry, Information Builders looks forward to helping more organizations harness the power of predictive analytics.”
Source: Information Builders