The 8 Main Benefits of Wakett’s Data Analytics Solution for Financial SMEs

Warren Buffet once said, ‘Someone’s sitting in the shade today because someone planted a tree a long time ago.’ This concept about planning for the future is not only applicable to our urban environment but, of course, also the way we work. That’s why our data analytics solution ensures that today’s choices will make for better choices in the future.

Data Analytics is Getting Harder

The amount of data financial companies need to get through today was unthinkable just 20 years ago: and the volume continues to grow exponentially as electronic trading persists in speeding up the pace of the financial markets. This is a big and ever-increasing challenge that requires you to invest in the right technology to stay ahead of the game. 

See, in order to make this data work for you, you’ll need to turn it into something that’s easy to read, digest, and act upon, which is far easier said than done. In fact, over and above collecting this data, you’ll need to process, manage, distribute, and visualise it efficiently. Not doing so leads to high risks of collapse.

Wakett’s Data Analytics Solution Takes All This Into Consideration

The Wakett Framework has TIBCO Spotfire® integrated into it. This well-recognised business intelligence and data visualisation platform from our partners TIBCO® helps our software improve its capabilities and increase the number of benefits we can offer our clients. These include:

1. Data Visualisation for Market Analysis in real time by interactive dashboards to visualise and identify trends, patterns, and anomalies, enabling quick and informed decision-making.
2. Live and Historical Data Connectivity from multiple data sources, allowing traders to stay updated on market conditions and make timely decisions.
3. Risk Management and Portfolio Analysis to unlock metrics when identifying potential risks and managing the asset allocation.
4. What-If Analyses enable traders to conduct scenario analyses by changing variables and assessing the potential impact on portfolios. This helps in evaluating different market scenarios and making more informed decisions.
5. Predictive Analytics through predictive modelling and machine learning algorithms to analyse historical data and make predictions about future market movements, helping in the development of trading strategies.
6. Custom Reports that allow traders to summarise key performance indicators, risk metrics, and other relevant information for quick and efficient reporting.
7. Audit Trail capabilities, which are essential for compliance purposes to track changes made to data, analyses, and reports, ensuring transparency and meeting regulatory requirements.
8. Scripting and APIs capabilities to customise and extend the platform according to traders’ specific needs. 

Sit Under the Shade Of Your Business Decisions

Wakett’s data management solution with Spotfire® capabilities can help you in your trading by providing a comprehensive and flexible analytics platform that builds a dynamic and competitive trading environment.

If you, too, are ready to make your data work for you, get in touch with us. We’ll be happy to guide you through the Wakett Framework with TIBCO Spotfire® and customise it to your business’ exact strategy!