Offers “Platform Analytics” to improve efficiency and profitability
Pentation Analytics, a leading B2B Platform Analytics and AI/ML company that provides services to the BFSI industry, has launched one- of- its- kind- Pentation OnePlatform for helping financial companies to improve efficiency and achieve profitable growth.
Chief
Guest at the inaugural event Mrs Deena Mehta, former president of BSE Ltd and
Managing Director at Asit C Mehta Financial Services Ltd said “In an era
defined by rapid technological advancements, the financial sector finds itself
at a crucial juncture. Traditional methods of operation are being challenged,
and organizations must adapt or risk falling behind. Recognizing this need for
transformation, Pentation Analytics has developed a game-changing solution
tailored specifically for the BFSI industry in India. The use of this unique analytics platform
in the Indian financial services sector will lead to more personalized,
efficient, and secure financial solutions, benefiting consumers with improved
services, reduced risks, and enhanced overall experiences”
Insurance and financial companies in India face
several growth challenges and they need hassle free unified platform to thrive in the market. Pentation OnePlatform brings multiple
ready solutions in a single platform, which pulls all kinds of data. It provides
deep intelligence, easy and frequent availability of intelligence on their current state of
business, trends and actionable data points that brings effective alignment
across teams and helps them scale up fast. In short, OnePlatform is one of its kinds
- oriented towards providing positive business outcome.
Anirban Roy, Director and CEO of Pentation Analytics said “Platform Analytics is the way forward. It is
revolutionary in the way it can bring values of intelligence to the last mile,
the same way computerisation brought transactional values to the last person working
in a bank or insurance. While Analytics and AI play a crucial role in
enhancing new business acquisition, customer retention, and profitability for
organizations, the bigger challenge now is how to get the benefits to everyone
in the organization. To share intelligent actionable to each and every one in
their own jobs, we have launched Pentation OnePlatform to help companies achieve their strategic goals
by leveraging data in a multi use case platform. Pentation OnePlatform provides detailed & deep Intelligence, automated triggers on actionable, unstructured data
analytics, workflow, predictive analytics and customer analytics that includes sales team analytics-distribution analytics and
contact center analytics. And it can reach all in the organization”
It’s important for financial and insurance institutions to establish
robust data management systems and data warehouses to ensure data quality,
security, and accessibility, Pentation OnePlatform assists them in integrating and consolidating data from multiple
sources, including internal systems, external databases, IoT devices, and other
relevant sources, generating reports and visualizations, and providing insights
into customer behavior, claims patterns, underwriting risks, and other relevant
aspects. This integration eliminates the need for multiple tools or manual data
consolidation, saving time and effort. A unified platform is designed to handle
big data workloads, offering scalability and performance optimizations.
He further
added “Financial and insurance business in India offers significant potential
for good growth, factors such as low penetration levels, large and growing
population, increasing awareness and demand, regulatory reforms, technological
advancements, increasing financial inclusion, shift in consumer behavior, distribution
network expansion offers the immense growth potential and favorable conditions
for good growth.
However, it
is important to note that the industry is also subject to challenges such as
intense competition, regulatory changes, and evolving customer expectations. Companies
that adapt to changing market dynamics, innovate their product offerings,
embrace digital transformation, have access to deep Intelligence to make
early decisions and deliver
excellent customer experiences are likely to capture the growth potential and
succeed in the Indian financial and insurance market. Pentation OnePlatform is here to provide companies in India with powerful tools to
gain insights from data and improve competitiveness, increase profitability,
and deliver better value to their customers” he said
About
Pentation Analytics
It is a leading B2B Platform Analytics and AI/ML Company that provides services to the BFSI
industry. The main customers include leading insurance companies, banks, NBFCs,
brokers and regulatory bodies.
The key analytics products by Pentation
Analytics that are available in SaaS and On-premise model
for faster ROI on transformative process improvement.
Pentation Analytics has also been associated with
regulators and policymakers and successfully undertaken the 2nd largest big
data analytics project in India. The Company was selected in the top 10 among
3900 companies for Hartford Insurance Club that helped bring kudos to India on
the International stage:
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