While closely related, data analytics is a component of data science, used to understand what an organization’s data looks like. Meanwhile, data science takes the output of analytics to solve problems.
Both allow us to obtain valuable information from data sources. This in turn, empowers organizations with insights to make quicker and informed decisions.
Extract business-focused insights from data
Identify key data assets, transform them into data pipelines that feed tools and solutions
Identify new business opportunities
Prevent critical failures and disruptions across business operations and systems
Enable planning through reduced uncertainty and better quantified risk
Anomaly detection (fraud, etc.)
Automation and decision-making (background checks, credit worthiness, etc.)
Classifications (categories and filters, etc.)
Forecasting (sales, revenue and customer retention)
Pattern detection (financial market patterns, etc.)
Recognition (facial, voice, text, etc.)
Recommendations (based on learned preferences)
Organizations hold extremely valuable data that with Data Science and Analytics can reveal insights that fundamentally improve the way they plan for the future.
Novacomp’s agile team leverages best-in-class data science and advanced analytics technologies to inNOVAte the way organizations harness and transform data into value, which means smarter business moves, more efficient operations, higher profits and even happier customers. We work together with organizations to identify their business goals and then develop a data solution that drives impact.
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In the quest to achieve market leadership, financial services industry (FSI) firms continue to focus on becoming holistically digital, customer-facing enterprises. Because Digital Transformation, rather than solving the technology issue, seeks to answer how technologies will allow FSI firms to go from managing products and services, to creating new and better customer experiences for their clients. Use this resource to learn why and how financial institutions must prepare for a world where customers seek competitive digital solutions- and how you can get your organization onboard to a Digital Transformation route.
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