DATA SCIENCE ANALYTICAL SERVICES
Discover the P&L behind your data. The Possibilities Are Endless.
Current situation and trends
Banks and financial institutions from all around the world are in competition to offer better and more personalised services to their clients. For doing so, considerable budgets are allocated to create business intelligence areas, while investing in teams and technologies. Historical data is vastly used to create valuable insights and business views; however, the commonly used methods create a static, one-dimensional vision of the company and of customer needs. In addition, companies’ reports are often of a great volume, full of details and hard to distil from by the time-deprived executives, who are responsible to satisfy continuously raising customer demands and expectations. Digital transformation is the main current trend which brings an opportunity to organisations to enhance efficiency and stay relevant in a highly competitive environment with modern digital newcomers.
Financial institutions hold significant amount of information and many organisations struggle to come up with efficient ways to monetize the abundance of data, to find leakages and new financial opportunities behind the data, quickly introduce initiatives in order to convert data into money in an efficient way. The goal is to understand what actions should be introduced to create real value for a customer, in which sequence those actions should be executed, and to evaluate with accuracy the opportunity costs vs costs of execution. Data becomes valuable only when it leads to valuable actions. Actions need to be driven by relevant insights based on in-depth data analysis, this is when data can be transformed into money. However, for many companies the journey of data-to-value transformation can be expensive and unnecessary long. Moreover, commonly used analytical initiatives, such as acquiring B.I. software or hiring additional data analysts, are costly but do not guarantee a clear understanding of what the hidden opportunities are, of how to create and maximise financial benefits from existing data.
Advantages of solving the problem
Understanding the needs of organisations driven by in-depth analysis of the customer data, can significantly improve the business performance with the lowest associated costs. The accurate estimation of the costs for the execution versus lost opportunity allows to make timely decision while significantly improving the P&L sheet. It also allows to create a long-term roadmap of initiatives that impact businesses positively along with short-term quick decision to stop doing some actions and start doing others moving along long-term directions. Defining long-term strategy, foreseeing upcoming trends combined with execution of the identified short-term tasks, is key to prove the advantages of investing smartly in data analysis to generate consistent business results.
What we propose
London Analytics developed a methodology to process and analyse anonymised data of clients, predict upcoming trends, facilitate and optimize decision-making process, and execute strategies along the organisation’s teams related to the data analysis findings. We bring our services in data processing, analysing, advising, outlining insights, integrating the products to generate the desired results for the client. With the right approach and defined sequence of actions, a significant amount of budget could be saved to achieve even better financial performance.
How we Do it
Our experienced team in the financial market field contains developers, data scientists, architects and business consultants able to analyse data and understand the outcomes, connect them to business activity, and create a plan of immediate actions as a recommendation. Our methodologies are designed to work in small short cycles of assessment and tests for quick adaptation, followed by prioritization of actions, technical execution, and promptly demonstrating consistent results. With that, our clients can control budgets, boost their performance and use all opportunities to identify and automate actions, which can lead to better financial outcomes, lower costs and increase in customer satisfaction.
Why us: We are Unique
Our methodology is proven. We delivered significant results to our clients by listening to their needs along with looking at their data. Products, partnerships, projections, investments and initiatives that we proposed and executed based on data information helped several companies to have a significant financial advantage based on our services in a very short period and perpetuate their gains. Our team is experienced and focused on financial institutions: banks, payment platforms, hedge funds, various types of fintech companies etc. in possession of transactional data.
At London Analytics Ltd., our comprehensive technological solutions help industry-leading companies and individuals achieve greater success. Our platform has a wide range of features that were created with an aim to help you live differently. In order to empower our users to do better, London Analytics Ltd. is continually building upon its technology, so stay in touch to learn about upgrades and other changes. For a free demo, contact us today.
Data Science Training
On top of the advisory services, we can offer complete training in data, analytics, decisioning process, data quality, data management, data science office creation, and data compliance, on-site or remote, as a way to transfer knowledge to our client's teams.