Advanced technology and communication have led to growth in data and information which ushered the financial sector to change from being "Customer Focused" to "Customer Centric" segment. The Variety of data that banks possess in huge Volume needs to be treated with Velocity to generate decisive insights. Organizations that apply analytics on customer data tend to have an increased market share by enabling conversion of potential lead into customers.
BDB renders end to end analytics for the financial sector, ranging from branch data modification to self-service business intelligence. Now banks can clean their data using the Data Preparation tool, predict an increase or decrease in total number of customers in the future, and visualize their analyzed data in the form of charts. BDB has contributed to some of the non-core banking solutions in optimizing their hiring processes by working on the HR workflows and implementing the data science aspect on them. PySpark layer enables BDB to work successfully with billions of rows. Model performance tuning is also possible with the BDB Decision Platform.
Recommendation reports for Sales representative have been developed by using the BDB Predictive Workbench. The BDB platform has been integrated with various healthcare applications. The Self-service BI reports along with AI-based Search has proved to be a boon for the insurance sector. BDB Predictive Workbench with custom visualization is another advantage for the executives using the dashboards.
Almost all the financial officers and accountants who need to deal with multiple finance related aspects
prefer Tally/QuickBooks in and out. However, in this data-driven world, it is hard to find instant insights through extensive data.
They badly require a solution to analyze their financial data within some clicks. BDB platform enables users to derive relevant
insights from the extensive business data and plan appropriate business strategies. They can have a periodic view of asset and
liability allocation, bills payable, bills receivable, expense allocation, cash flow analysis, ratio analysis in the form of
intuitive visual reports and dashboards.
For more details : Visit here