Understanding processes – making better decisions – retaining and winning markets

Decision needs are plentiful – and so is data. However, the good decisions are often only made when the data is used.
A production can run perfectly – hundreds of sensors report: green. Only: the final inspection reports an increasing number of rejects. What courses of action are needed here to counteract data-driven?

A lot of data is also generated in sales management. Millions of customers nationwide are a good and fast indicator of trends in the market. But how is this knowledge communicated to sales or product development – preferably in real time?

Financial controlling in companies thrives on transparency across many processes and data. Only then can business decisions be made in a well-founded manner. Customized visualizations and real-time processing are highly relevant here.

This is where INFONEA comes in. The software makes it possible to bring together data from a wide variety of sources easily and quickly. Thanks to in-memory algorithms, even billions of data sets can be discussed interactively in real time. The standard scope of INFONEA includes numerous optimal visualizations for various use cases. In addition, new custom-fit visualizations can be tailored and created in close coordination with little effort in order to show the correlations relevant for decision-making.
In addition, AI processes and algorithms help to draw conclusions from the data and can thus provide targeted tips or even take away decisions. Again, this visualizes what the algorithms have discovered that justifies decisions, but also where human advice is needed. In this way, complexity and uncertainty can be made manageable in the face of large volumes of data and high speed in the market, and become a competitive advantage:

  • In production, for example, the possible causes of problems can be found and visualized from millions of different possible combinations. In combination with the experience and competence of business users, decision-making becomes more informed, easier and leads to better results.
  • In sales management, targeted dashboards and (geo)graphical visualizations can make recommendations for action obvious. Helpful extensions for everyday work make the dashboard a daily tool.
  • In financial controlling, a visually guided drill down to individual postings, the lightning-fast change of perspective, the discovery and highlighting of partially hidden trends and a planning simulation that uses the entire knowledge of the financial relationships can intensively support the user – this is how financial controlling becomes business control.

 

Contact

Dr. Markus Knappitsch
Head of Data Business Consulting Insurance & Banking
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Dr. Knappitsch is responsible for the Insurance and Banking divisions at Comma Soft AG. He also acts as a lead consultant in a controlling capacity. His focus is on the optimization and digitalization of processes in the insurance environment with the help of statistical methods and machine learning. The focus is always on combining relevant domain knowledge with modern data analysis methods.
Contact us!

Dr. Knappitsch is responsible for the Insurance and Banking divisions at Comma Soft AG. He also acts as a lead consultant in a controlling capacity. His focus is on the optimization and digitalization of processes in the insurance environment with the help of statistical methods and machine learning. The focus is always on combining relevant domain knowledge with modern data analysis methods.