ValueLink Software, a leading valuation management platform, has launched a new technology product, “Cogent,” a Business Intelligence & Analytics Tool.
Cogent is a BI tool for lenders and AMCs, that analyzes and visualizes data based on analytical models. It gathers data from the industry and consolidates it into a visual dashboard with various adjustable metrics, giving a clear picture of one’s performance based on them.
Where data has now started to move to the cloud, companies are now beginning to understand the importance of implementing data analytics throughout their work processes, instead of separating analysis and decision-making, businesses now look for insights first. Decisions are now based on historical data and predictions.
The tool can help arrange, visualize, build, and predict data-based analytical models. It provides meaningful perspectives, identifies trends, and offers predictive insights for better decision-making. Its easy-to-use interface enables users to have complete visibility and deeper insight into their entire valuation lifecycle. In effect enabling them to save valuable time and increase productivity for their valuation management processes.
“In these challenging times, mortgage lenders and AMCs need to extract every bit of efficiency by using the right technology that evaluates their performance and highlights where and how they can compete with the industry”, said Aqil Ahmed, SVP of Operations at ValueLink Software.
Cogent fetches data from within the system, using that data the platform analyzes the performance of your own company, depicts industry trends can compare your performance with peers. Based on the analysis, you can improve existing strategies, align business outcomes, implement recommendations, make faster decisions, and outperform competitors.
Significance of Data Analytics and BI
Here are some factual highlights to help you understand the importance of it all:
- Data analytics makes decision-making 5x faster for businesses.
- Self-service business intelligence is crucial for 60% of research and development departments.
- The global business intelligence market will grow to $33.3 billion by 2025.
- The top three business intelligence trends are data visualization, data quality management, and self-service business intelligence (BI).
