Praedictio

About

Praedictio is a managed service and supporting tool set provided by Mitra that will help your company: 1 - Get control and visibility of all the data being generated and stored across your business 2 - Explore and exploit that data to generate new innovation opportunities for your business such as: Make forecasts about the future performance of your business Identifying new revenue and margin generating opportunities Finding ways to operate your business more efficiently Understanding and improving your customer experience Improving the effectiveness of your marketing activities Solving tricky problems that require insight beyond human capabilities 3 - Get you up and running at pace and with zero up front capital costs! Why data exploitation is important for you: Data Volumes and Velocity - The digital universe will grow from 3.2 zettabytes to 40 zettabytes in only six years. Every day, we create 2.5 quintillion bytes of data — so much that 90% of the data in the world today has been created in the last two years alone. Companies are missing out - According to a recent study by Forrester Research, most companies analyse a mere amount of 12% of the data they have. Perhaps, these firms might be missing out on data-driven insights hidden inside the 88% of data they’re ignoring. Return on Investment and Value - A joint MIT and McKinsey research programme found that companies in the top third of their industry in the use of data-driven decision making were, on average, 5% more productive and 6% more profitable than their competitors “In an MIT poll of 277 companies 85% of respondents indicated that their firms say data is a strategic asset, but only 45% of the firms actually act that way” So what are the barriers in stopping firms? The questions we have faced from clients are: I don’t know where all my data is or even what data I have? My data is in all sorts of different formats? I can’t get the data out of my old systems? I’m worried about the security of my data (especially my customers) and compliance with laws and regulations? Even if I could get to all the data I would have no idea where to begin to extract meaning and value from it? There is no-one in my business that knows how to understand and exploit my data? This sounds expensive - I can’t afford a large capital investment in compute and storage to cope with all my data? How does PRAEDICTIO help companies overcome these barriers? Predictios Data Experts will help you find and store all your data in one place – This is known as a “Data Lake” Predictios Data Experts will use software translation tools to ensure all of your data can be stored & analysed effectively - These are called “connectors” Predictios Data Experts will create new translation tools or “connectors” for data formats that they have not worked with before Praedictio is built on Amazons web services platform which means there are guarantees around the security and availability of your data Predictios Data Experts will work with your business to explore what the most valuable use cases might be Predictios Data experts will apply smart software tools to extract new insights and discoveries from your data that would be impossible for a human to find – This is called “machine learning” Because Praedictio is based on Amazon web services it is 100% cloud based so it requires no upfront investment in infrastructure – it is “1 Click Deployment” How does PRAEDICTIO help the different needs of different industries? Industry Use Cases. Insurance and Financial: Forecast financial trends Improve & personalize customer experience Detect & prevent cybercrime and fraud Improved Compliance & Risk Management Inform Acquisitions Meet regulatory requirements Healthcare and Life Science: Personalized Medical Experience Reduce Hospital Readmission rates Reduce or remove unwanted drug side effects Disease risk prediction & prevention Support Prescription Adherence Telecommunications and Utilities: 360 degree view of your customer Identify the most profitable customer segments Offer targeted customer specific data plans based on usage Real time and historic network utilization & congestion Compliance with Government Regulations on CDR’s Retail: Forecast sales in advance Improve customer segmentation Understand customer behaviour More effective marketing campaigns Improve and personalize customer experience Targeted loyalty campaigns Travel and Tourism: More accurate ETA prediction Improved check-in and baggage handling Personalized local offerings at destination Matching overall demand to availability of local experiences Real time price adjustment (for hotels or other local services) based on demand