We are in the midst of a digital revolution.
Digital is permeating all industries at breakneck speed. Businesses that don’t hop on to the digital train are getting left behind. It’s a form of evolution: those that do not adapt to the new environment can’t survive, or they are overpowered by those who are better adapted.
Some industries have undergone a digital transformation far faster than others, and this has served them well. The finance industry is coming to realise the importance of full-scale digital transformation. However, many companies are still in the early stages of applying new technology in their operations. The industry as a whole is not yet digital, but the incentives to digitisation are compelling. The implementation of digital technology has a range of benefits: increased efficiency, accurate insights, and much better deals.
Many share the desire to continually implement new technology in finance circles. 56% of finance executives surveyed believe that improved technology would make finance processes more effective. With this in mind, Deloitte predicts that the finance industry will “double down on business insights” over the next few years. But to gain accurate insights, you need plenty of reliable data. At this stage, many businesses will not have the capacity to gather and analyse data in a way that is beneficial to their operations. Few companies are aligning and integrating data successfully, meaning that the full value of their digital transformation strategies is lost.
onefourzero can fill the data gap that exists in your organisation or help to improve your digital capabilities. Whether your firm is making early-stage market assessments before engaging with an asset or enacting full commercial due diligence, we can help. Our team has developed specialist code and tools to scrape, standardise and visualise data using AI, natural language processing and machine learning. We use these techniques to assure the utmost efficiency and consistency in data.
We compile our data from more than 19 different digital sources to give you a deep insight into a sector. After a process of cleaning, comparing, validating and triangulating, the data is transformed into an output that suits your requirements, from reports to visual dashboards. However, data alone is insufficient. Our combination of multi-source triangulation, digital and sector experts, and our proprietary tools enable us to provide insights with proven commercial value. Large amounts of data can be daunting. With our help, you can make sense of complex data, which will lead to better financial outcomes.
If you would like to improve your digital capabilities, please get in touch with us today. We’ll discuss how we can help you in more detail.