Angoss Expands Predictive Analytics in the Cloud with KnowledgeCLOUD™ Solutions
Feb 14, 2012, 09:00 ET
Announces KnowledgeHUB™ best-in-class Cloud-based analytical platform
TORONTO, Feb. 14, 2012 /CNW/ - Angoss Software Corporation (Angoss) (TSX-V: ANC) today announced its suite of KnowledgeCLOUD solutions. These industry solutions deliver predictive analytics in the Cloud to help organizations in the financial services, high tech, healthcare and retail industries gain competitive advantage in the areas of sales, marketing and risk management.
"Angoss, an early pioneer in hosted predictive analytics solutions with its FundGUARD™ and ClaimGUARD™ solutions, is proud to expand its Cloud-based offerings for both structured and unstructured data," remarked Martin Galligan, President & CEO of Angoss. "In today's competitive environment, predictive analytics are an increasing focus for companies looking to significantly improve business performance by solving the labyrinth of data trapped in their organizations. Predictive analytics in the Cloud is particularly helpful for organizational divisions or lines of business that lack advanced analytics competency. These groups often struggle with implementing basic reporting and business intelligence tools, while advanced analytics seems out of reach. At the same time, Cloud computing is an increasingly popular choice for acquiring and deploying solutions without the need for highly specialized resources or expensive technology."
KnowledgeCLOUD solutions are delivered via KnowledgeHUB, a secure and scalable Cloud-based analytical platform that combines best-of-breed technologies with rapid deployment processes and professional services that ensure clients can effectively convert analytical insight into action—and improved business performance. In this era of big data, KnowledgeHUB provides for rapid data integration from a multitude of customer and third party data sources including structured and unstructured data—to unleash the opportunities of text mining and social media analysis. Once consolidated, data is transformed and loaded into client-specific Analytic Data Marts. These Analytical Data Marts power the predictive analytics insights and actions at the heart of each KnowledgeCLOUD solution.
"KnowledgeCLOUD solutions sit squarely at the convergence of these trends to combine predictive analytics with Cloud computing to accelerate time-to-value," said Bill Sheldon, Chief Solutions Officer. "KnowledgeCLOUD solutions allow organizations to gain competitive advantage through advanced analytics while KnowledgeHUB allows them to do it faster, cheaper and better."
Angoss' patented predictive analytics technology, KnowledgeSTUDIO™, provides the analytic engine at the center of the KnowledgeHUB platform. Data profiling, segmentation and model evaluation is performed using best-in-class decision trees. Strategy development and optimization is greatly enhanced through the use of StrategyBUILDER™. Analytical insights and actions are sent to the front-lines for execution. Results from that execution are fed back into the KnowledgeHUB ensuring continuous program improvement. Detailed management reporting ensures full program transparency and Return-on-Investment accountability.
About Angoss Software Corporation
Angoss is a global leader in delivering predictive analytics to businesses looking to improve performance across sales, marketing and risk. With a suite of desktop, client-server and in-database software products and Cloud solutions, Angoss delivers powerful approaches to turn information into actionable business decisions and competitive advantage. Angoss software products and solutions are user-friendly and agile, making predictive analytics accessible and easy to use. Many of the world's leading financial services, insurance, retail, health care and information communication and technology organizations use Angoss predictive analytics software products and solutions to grow revenue, increase sales productivity and improve marketing effectiveness while reducing risk and cost. Headquartered in Toronto, Canada, Angoss has offices in the United States and United Kingdom. For more information, visit www.angoss.com.
This press release contains statements of a forward-looking nature. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, Angoss' objectives, goals, future plans. The accuracy of these statements may be impacted by a number of business risks and uncertainties that could cause actual results to differ materially from those projected or anticipated, including: the risk that the sale of our products and services involves a long sales cycle; the risk that the economic environment and business conditions will remain difficult to predict; the risk of competition in our target markets; the risk that we may not respond adequately to evolving technologies; the risk that we or our customers may have difficulties in introducing our products or services; the risk that we will encounter difficulties in continuing to offer services; the risk that we will encounter difficulties in integrating the operations of acquired companies with our own; the risks of conducting our operations in a variety of international locations; the risk that we may need to record future write-downs of assets arising from our investments in other companies; the risks relating to the costs that we may incur as a result of litigation against us; and other risks described in our filings with securities regulatory authorities, including our annual reports, interim financial statements and similar disclosure documents. Angoss does not undertake any obligation to update this forward-looking information after the date of its initial publication, except as required under applicable law.
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