Prevedere’s 2.5+ million leading indicators propel business intelligence reporting, predictive analytics and big data projects
October 30, 2018, Santa Clara, Calif. – Prevedere, an industry insights and predictive analytics software company, today announced the launch of its advanced collection of more than 2.5 million data sets, known as ERIN Indicators, available via subscription. With Prevedere’s latest offering, enterprises can enhance business intelligence with external insights while reducing time spent on data identification and cleansing by up to 90 percent.
ERIN Indicators deliver the world’s most comprehensive global data sets directly into a company’s existing data lake, data warehouse, or on-premise applications. Updated daily, ERIN Indicators collect and optimize data from over 250 public and private sources, over 160 industries, eight macroeconomic sectors and four global regions. Companies can augment their internal data with external data from ERIN Indicators to fill in critical gaps when analyzing business performance.
“Not having the right data at the right time can cause companies to miss opportunities, or worse, fail to avoid threats to their business,” said Rich Wagner, CEO of Prevedere. “ERIN Indicators are proven data sets that companies can use to accurately plan for the future and not just respond to the past.”
Unlike other data aggregators or public sources, ERIN Indicators have been validated as leading indicators in thousands of predictive models using Prevedere’s AI engine, ERIN, providing proven foresight into industry-specific headwinds and tailwinds. Companies can quickly select the most predictive data sets for their industry or geography, such as macroeconomic trends, online and social behavior, customer demographics, weather patterns and more. ERIN Indicators extend the accuracy and value of enterprise business intelligence and analytics efforts.
“No matter how talented the team, data gathering is among the most time-intensive tasks for data scientists and analysts. Many times, data is incomplete, outdated or in the wrong format,” Wagner said. “Now, analytics teams can get a head start on collection and focus their time on analysis, where they can provide the most value.”
Data teams working directly with public sources spend as much as 80 hours a week identifying and cleaning their data even before any analysis, based on Prevedere customer experience. ERIN Indicators are constantly updated, categorized and tagged for out-of-the-box enterprise functionality, allowing data scientists and analysts to focus more time on analysis, interpretation and presentation of insights to the business.
ERIN Indicators can be purchased as an annual, all-inclusive subscription package or broken out as industry-specific level data sets, including:
- Consumer Goods and Services
- Retail and Wholesale
- Manufacturing and Materials
- Hospitality and Entertainment
- Construction and Engineering
- Energy and Fuels
Additionally, companies may also purchase geographic packages for the United States, Canada and Europe/Asia or packages with U.S. macroeconomic performance or stock market and financial performance factors.
ERIN Indicators subscriptions include integration services with leading enterprise planning, business intelligence and data analytics tools – eliminating the need to allocate internal IT resources while allowing for multiple options for enterprise-level deployment.
To learn more about Prevedere’s ERIN Indicator, visit www.prevedere.com/erin-indicators
Prevedere is an industry insights and predictive analytics company, helping business leaders make better decisions by providing a real-time view of their company’s future. While most companies can easily report on internal performance, Prevedere’s external real-time insights engine constantly monitors the world’s activity, identifying future threats or opportunities to business performance. Along with a team of industry experts, data scientists and economists, Prevedere helps business leaders make the right decisions in an ever-changing world.
Named a 2017 Red Herring North America Top 100 Company, the Best Business Intelligence Reporting & Analytics Solution of 2017 by the SIIA CODiE Awards and the Most Innovative Tech Company of the Year by the 2016 American Business Awards, Prevedere works with top global companies. To learn more, visit prevedere.com and follow @Prevedere on Twitter.