In today’s time, more and more industries are being driven by data. Data describes the very inside out of a business and Data could be the solution to all the major problems faced by stakeholders in deciding what drives the company forward. But is exploiting the potential of data so easy? The answer is no.
Data in its raw format is nothing but a large collection of strings and numbers; A goliath of calculations and scripts. But how does one make the data usable? How does one bring out key indicators out of the data? Well, that involves a lot of different techniques combined with a high number of repetitive man hours. The 3 major stages of a Data Analysis process are Evaluate, Clean & Summarize. The amount of work that goes into these 3 steps, however, is worth considering. From Excel to Scripts, across different software and different levels, it is a time-consuming job.
Now imagine a solution that could execute each one of the major stages of the Data Analysis process, with an easy-to-use User Interface, a solution wherein a simple drag and drop would suffice. That is where the Pentation Analytics Insurance Analytics Suite comes into the picture. The award-winning platform with its Data Pipeline empowers the user to create precise workflows with a mere drag and drop of nodes into the workflow canvas. A variety of options allow the platform to ingest raw data and manipulate it to bring out analytical indicators that can help stake holders make data driven decisions.
The Data Pipeline helps the users to manipulate internal and external data with a simple drag and drop function. It provides multiple nodes to manipulate data, ranging from Data Ingestion across various data inputs to Data Imputation and Data Cleaning functionalities. The platform also provides Data Modelling and rule based Data Transformation, and is compliant with the ACORD Data Standards. A basic overview of the complete data set can be presented with a mere click of a button. All these functions can be performed one after another or in any desired sequence, multiple times, to create the workflow that manipulates your data and gives you the best possible outcome. The workflows can be saved for future manipulation.