To help clients see patterns in data and forecast trends
IBM has launched a new predictive analytics software lab in Xi’an China, which the company says will help its clients see patterns in data and forecast trends before they occur for improved decision making and competitive advantage.
According to IBM, the new lab will serve as a global hub for analytics development helping clients adopt predictive analytics capabilities and help them cut costs, reduce risk, combat fraud and increase profitability. The new lab will become part of IBM’s China Development Laboratory (CDL) and will include a team of more than 200 software engineers and IT architects.
IBM said that the new capabilities will help organisations analyse trends and patterns found in historical and current data to drive new forms of competitive advantage by predicting potential future outcomes and transforming all elements of their business, including product and service offerings for customers.
In addition, IBM recently opened an Energy & Utilities Solution Lab in Beijing that brings together analytics skills, industry-specific offering and best practices to make energy and utility networks safer, efficient and smarter.
Steve Mills, senior vice present and group executive of IBM Software Group, said: IBM is focused on helping clients gain faster intelligence on their information to improve their businesses operations and predict trends before they occur.
“IBM is uniquely positioned with an unmatched portfolio to help organizations not only cope with the data deluge, but gain actionable insight into their most strategic asset – their business information.