From the Wires
Global 1000 Leaders Team with Accretive Technologies to Transform Businesses and Industries using Smart Predictive Analytics
By: Business Wire
Nov. 13, 2012 09:15 AM
Accretive Technologies (Accretive), a provider of high performance predictive analytic solutions, today announced that hundreds of global 1000 companies are leveraging the company’s highly accurate prescriptive and predictive analytic capabilities to thrive in the face of increasing pressures to innovate, contain costs and grow. Accretive, founded by a world-renowned scientist and backed by leading financial institutions, provides a highly precise and smart approach to predictive analytics that enables businesses to correct economic and operational inefficiencies and improve future performance. As a result, global visionary companies like McDonalds, Credit Suisse, La Poste, Thompson Reuters and hundreds of other companies are transforming their businesses because executives have the foresights they need to avoid impending crises and maximize market opportunities like Big Data, cloud computing and other future trends.
“As in most industries, the need to innovate within the postal sector is driven by customer demands for new services and competitive pressures,” said Alain Roset, Director of Transformation Strategy for La Poste France. “Strategic technologies, like Accretive’s advanced analytics, help us make more effective decisions, neutralize risks and plan for the future.”
Unlike traditional business intelligence or Big Data analytic approaches that often present confusing and flawed results that cannot be trusted to support executive level decisions, Accretive delivers an unprecedented prediction success rate — within one to three percent of reality. Accretive’s founders, led by Dr. Nabil Abu el Ata who helped develop modeling capabilities for successful space exploration, have invested over 20 years perfecting the science behind the company’s X-Act Platform with over 15 patents, 7500 libraries and a global team of experts that offer a breadth of analytical skills, risk management and business intelligence expertise, as well as IT and business process management knowledge.
“Analytics is the combustion engine of business, and it will be necessary for organizations that want to grow, innovate and optimize efficiency,” said Gartner analyst Rita Sallam. “Those that can do advanced analytics on top of Big Data will grow 20 percent more than their peers.”
By providing a holistic view of a company’s overall health and measuring the impact of changes across organizational silos, Accretive goes beyond Big Data analytics to deliver actionable insights and help companies successfully bridge the gap between IT and business. Accretive delivers the answers executives can depend on to drive results in today’s highly dynamic business environment including solutions to critical challenges like cloud computing, corporate mergers, global outsourcing, equipment modernization and capacity planning.
“While Big Data analytics help companies gain historical perspective, they alone cannot arm business leaders with the foresights they need to plan for the future,” said Dr. Nabil Abu el Ata, Founder and CEO of Accretive Technologies. “Our customers successfully avoid impending crisis and achieve optimal business performance by using Accretive’s patented X-Act Platform—which includes highly sophisticated algorithms like the ones trusted for space exploration—to predict and prescribe solutions to future problems which cannot be identified using historical or statistical approaches.”
To learn more about how global leaders are leveraging Accretive’s proven process for delivering strategic results and positive ROI, please visit: http://www.acrtek.com/case-studies/.
*See Gartner Business Intelligence Summit Presentation, Playing Moneyball: Leveraging Analytics to Win in Your Organization, Rita Sallam, April 2012.
About Accretive Technologies
Accretive Technologies Inc. offers highly accurate predictive and prescriptive business analytic capabilities to help organizations thrive in the face of increasing pressures to innovate, contain costs and grow. By leveraging the power of Accretive’s smart analytics platform and advisory services, global leaders in financial, telecommunications, retail, entertainment, services and government markets gain the foresight they need to make smart transformation decisions and maximize the performance of organizations, processes and infrastructure. Founded in 2002 with headquarters in New York, NY and offices in Omaha, NE and Paris, France, Accretive is a privately owned company with over 350 customers worldwide. For more information, please visit http://www.acrtek.com.
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