Results From "Predictive Analytics in the Cloud" Survey Reveal Growing Recognition of Advanced Analytics to Transform Business Performance
Over 80% Of Businesses Are Eager to Implement Predictive Analytics Solutions Like Those Offered By Leading Predictive Analytics Firm
JERSEY CITY, N.J., Nov. 21, 2011 /PRNewswire/ -- Opera Solutions, LLC, a global leader in machine-learning science and advanced Big Data analytics, today announced their participation in the Decision Management Solutions survey "Predictive Analytics in the Cloud" as a research sponsor. The results of the survey confirm Opera's approach to bringing analytics to the front lines of business operations.
The survey, hosted on leading enterprise and business intelligence peer-to-peer community SmartData Collective, polled over 200 professions, with representatives from verticals ranging from Financial Services to Health Care Delivery on the current market conditions for companies looking to implement cloud-based predictive analytics.
"We were pleased that over 80% of survey participants have either implemented predictive analytics or plan to do so shortly," said Arnab Gupta, Chief Executive Officer at Opera Solutions. "This suggests that market trends will continue to benefit companies like Opera, who possesses a deep roster of scientists and existing libraries of advanced analytics models."
More than a quarter of the respondents said that analytics have already had a "significant" or "transformative" effect on their business. And two-thirds of those crediting analytics with transforming their companies say analytics have been tightly integrated with the organization's day-to-day operations. Opera believes this approach is crucial to the success of any analytics implementation. "That's our business model - it's something we strive to do with all of our solutions through our Vektor platform and our 'Analytics-as-a-Service' delivery approach," said Laura Teller, Chief Marketing Officer at Opera Solutions.
Another finding supporting Opera's business approach is the popularity of pre-packaged cloud-based solutions that provide decision-making based on predictive analytics as a core feature of the solution. "Opera develops and provides hosted delivery of just these types of solutions for specific industries and business problems, such as fraud identification, 'next product' recommendations, collections treatments, revenue leakage, and more," Ms. Teller added.
About Opera Solutions
Opera Solutions creates and provides hosted delivery of a suite of Big Data analytics solutions to market-leading companies in financial services, government, healthcare, and other sectors. The company's solutions are powered by its Big Data analytics and signals processing platform—Vektor™. Founded in Jersey City in 2004, the firm has more than 600 employees – including over 180 advanced-degree scientists – and offices in North America, Europe, and Asia. On September 14 of this year, Opera announced that it had secured an $84 million minority investment from leading technology investor Silver Lake Sumeru, with participation from Accel-KKR, Invus Group, JGE Capital Management, and Tola Capital.
Opera is headquartered in the New York metro area with offices in New York, Jersey City, Boston, San Diego, London, Paris, New Delhi, and Shanghai. For more information about Opera Solutions please visit: http://www.operasolutions.com
To learn more about Opera Solutions, follow it on Twitter and LinkedIn.
Media Contact:
Katie Smith-Adair
The Morris + King Company for Opera Solutions
212-561-7475
[email protected]
Ken Bruno
The Morris + King Company for Opera Solutions
212-561-7459
[email protected]
SOURCE Opera Solutions, LLC
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