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Big data solutions, utilizing big data analysis, can boost your business in many ways. They can achieve everything from optimizing expenses to increasing customer flow, thus optimizing your revenue. Since 2007, Innowise Group has been accumulating expertise in a wide range of big data services, from consulting to full-fledged development.
Big data helps financial institutions by providing more accurate risk analysis and market activity monitoring. Moreover, big data analytics help eliminate overlapping and redundant systems and make access to data easier.
Big data can boost retail and eCommerce businesses by reducing fraud rates and making stock management more precise. Moreover, it allows for the implementation of dynamic pricing and custom items suggestions. All this results in enhanced customer experience, expenses reduction, and revenue boost.
Manufacturing can benefit from big data analysis by optimizing logistics and supply chains and using this technology to predict equipment breakdown and conduct preventive maintenance on time. Moreover, choosing the location of a new branch can be done more precisely with the help of big data analytics.
In media and entertainment, big data solutions assist in creating detailed user profiles. They can be used to suggest the most suitable entertainment media based on the taste of a particular user.
Big data has a wide range of implementations in healthcare: from predicting when a client will pay a clinic another visit to creating behavioral models of an organism to predict the impact of medicine.
Thanks to more accurately targeted advertising campaigns, marketing benefits from big data by means of higher user acquisition and message deliverability rates, and enhanced customer experience.
In education, big data can do many things: from simple involvement analysis to assistance in creating custom educational programs that boost students results and decrease dropout rates.
Here, big data is much more profitable than most people expect. For instance, apart from predictively scheduling equipment maintenance, it can analyze the geometry of a given location, giving the most accurate data on possible deposits of oil or gas.
Find out how big data analytics can boost your business.
Our team provides enterprise-level big data consulting services to evaluate your business needs and capabilities, thus getting the best fitting solutions and big data use strategies. Get the maximum you can from big data.
The project aimed to create a big data solution that assists companies in collecting, sorting, and analyzing huge data sets in one application. Our developers have created and implemented quick search and sorting filtering algorithms that allow data transferring and organizing process automation. Moreover, the solution finds anomalies and errors in big data chunks. In addition, our team has developed graphical visualization of information and data. As a result, the solution allows for quick and convenient handling of big data sets and high-quality information display.
The aim of the project was to evolve an existing big data solution by optimizing queries from the server. Our development team has managed to double the speed of operational processes. In addition to speeding up the solution, our developers have made it more convenient to use. We added new graphical forms for real-time data visualization, developed data filters for quicker and more precise data searching, and created the module for custom reports on analyzed data. Overall, the client received an evolved big data application that worked at least two times faster and was much more convenient to use.
The solution helps to optimize sales, logistics and stock management using the power of predictive analytics. The solution our team has developed can make monthly, quarterly, or yearly sales forecasts based on accumulated data on previous sales (daily sales, purchased items, average checks, loyalty card types, etc.). This application can identify daily and monthly seasonality in demand of a particular good and evaluate the impact of promotional campaigns on sales. Moreover, the system can predict the changes in general and for an individual group of customers. All in all, our team has created a custom big data solution that can assist in stock and logistics management, which increased forecast accuracy from 77% to 93%.
The developed solution based on different customer behavior signs could estimate the likelihood of a customers decision on choosing a different supplier within 1-3 months. Our development team has managed to calculate this risk of customer outflow after identifying risk parameters through customer activity studies. In addition, we have helped the client to find the most effective means of customer retention for each target group. As a result, with the help of our big data solution, the client has managed to increase the efficiency of communications with customers, thus boosting conversion and repeat purchase rates and customer lifetime value.
The project aimed to develop a scalable data system for storing, processing and analyzing medical records coming from clinics in NA. The company had accumulated a large amount of raw data from numerous clinics. The data consisted of different types and were not classified, so it was impossible to use them further in reports, statistics, forecasts, etc. Our team structured the scattered data: manually annotated ~100,000 records and structured sets of data. Then we trained models on these samples that applied to the rest of the data, including new coming records, making them suitable for further analysis. As a result, the client received a custom big data solution to accumulate data and use them for research activities, drug efficacy studies, and evidence-based medicine.
The solution collects publications about bitcoins on Twitter and analyzes their tone to make predictions about the rise or fall in the price of the dedicated cryptocurrency. Using the NLP algorithm, the system collects and analyzes data from Twitter posts that mention the word “bitcoin”. Semantic technology processes the logical structure of sentences to identify the most meaningful elements in the text and to understand the essence of the discussions. In the next step, the system collects and stores data, and then uses analysis to predict changes in the bitcoin exchange rate for a given period of time. The system is constantly learning and can recognize the tiny details as personal humor or sarcasm.
Our experts will find the best way to improve your processes, thus leading your business to more rapid growth. Let us help you with the process of more fulfilling your potential, more rapidly than you had thought possible, and in line with your developmental plans! r!
Big data solutions are primarily developed using Python language. But that’s not the only way you can use it. See how else you can boost your business with one of the most popular programming languages.
Gathering, storing and analyzing big data is vital for modern business. But being able to manage processes and receive information about them on the go is, no doubt, at least equally important.