THERE IS 57% INCREASE IN CUSTOMER SATISFACTION IF A COMPANY HAS HIGH-QUALITY, BUSINESS DRIVEN DATA.TDWI
AVERAGE COST OF DATA QUALITY IS 20% OF OVERALL BUSINESS PROCESS COSTSGARTNER
53% COMPANIES HAVE SUFFERED LOSSES, PROBLEMS OR COSTS DUE TO POOR DATA QUALITYBLOOR
IMPLEMENTATION OF A DATA QUALITY INITIATIVE CAN LEAD TO 20% TO 40% INCREASE IN SALESWASHINGTON POST
BY 2018, US ALONE CAN FACE A SHORTAGE OF 190,000 PEOPLE WITH DEEP ANALYTICAL SKILLS AND 1.5 MILLION MANAGERS AND ANALYSTS WITH THE KNOW HOW TO USE THE ANALYSIS OF BIG DATA TO MAKE EFFECTIVE DECISIONS.MELISSA DATA
Techwave's Big Data service offerings has been delivering value to its clients through smart data insights that have been helping clients with increased revenue options, higher marketing impact, lower costs and winning them loyal and happy customers.
In the current scenario, there is no standard methodology for data security for analytics engagement. Also, the client has the fear of exposing the data to 3rd party or competitor and has inhibitions in engaging a new partner. Techwave uses special IPs and secured cluster approach for data anonymity, so that clients get a guaranteed security.
In many instances, getting data is difficult or insufficient. In such cases, the delivery of analytics is dependent only on the quality of the data available. Techwave takes a step further to ensure that the client leverages best practices in data extrapolation to improve the quality of data used. The outcome of such an activity increases the quality of analytic and will highlight the risks.
In the real world, clients do not need just analysis but they need analytics that can mitigate risks, demonstrate tangibles and show the best practices. Usually this kind of data generation requires a long gestation period for value delivery and even so, it will have very limited clarity on value definition. Techwave not only accelerates the value delivery form months to weeks, but also provides clarity on the expected deliverables.
Why You Need Expert Data Analytics
- Implementation of a DATA quality initiative can lead to 20% to 40% increase in sales
- 57% increase in customer satisfaction in a company that has high-quality business-driven data
- 53% companies have suffered losses due to problems or costs because of poor quality data
- Average cost of data quality is 20% of overall business process costs
How We Do It
Data from various sources is culled including textual data from social media and investigations. Structured data is collected from CRM, claims and policies, audio and video data is collected from call centers and customer interactions. Also, we mine the existing data warehouse. This data is then validated, co-related, refined and secured to offer valuable business intelligence insights and big data analytics to clients.
Big Data Solutions and Service Offerings
- KPIs Score Cards & Dashboard
- Driver Based Analytics
- Business Use-case simulation
Simulation and Optimisation
- Monte Carlo Simulation
- Revenue Modeling
Social Media Analytics
- Sentimental Analytics
- Influence Analytics
- Viral Analytics
Predictive & Descriptive Modeling
- Classification Trees Regression, SVM
- Neural Networks
- Probability Distributions
Advanced Visualization & Data Analysis
- Advanced & Complex Data Analysis
- Dashboards, Charts, Graphs
- Trend Analysis
Big Data Analytics
- Data Discovery & Use Cases Identification
- Unstructured & Structured Data Collation
- M2M & Big Data Analytics
How We Work
Captured transactions that lead to knowledge inferences
Data is collected from various sources which include textual data, structured data, M2M data, Audio/Video data. We also use the existing data warehouse.
Data ingestion that leads to technology evolution
Data can be segregated into the following categories:
- Real-time streaming data
- Data Migration- TD/Oracle to Data Lakes
Enrichment that leads to scalable capabilities
The data is discovered, validated, co-related, refined, and secured to ensure you receive actionable and executable advice.
Insights and business value
The business intelligence insights and Big Data Analytics bring an alignment to business value.