Business Intelligence (BI) has spread its wings through domains such as banking and finance and is fast growing in importance in every business. These sectors mainly look forward to compacting large amounts of data along with the requirements such as time saving, cost-efficiency, performance monitoring and risk monitoring. Advantics Solutions Pvt Ltd(Previously Pranali Consultants), led by Winayak Wagle, Director of the company, has carved a niche for itself as an consulting cum analytics specialist in its two decade journey within the domain. Although the Indian market has its fair share of BI tool providers, the market is yet to grow to understand that Business Intelligence is not a pure technology solution, but more of a methodological process, whereby the data is extracted from diverse steps then organized in a manner which is suitable for analysis mining, dash boarding, reporting and all kind of BI functionalities.

Being a specialized BI solution provider in the industry today, Advantics has ensured a scalable long term approach for the effective usage of information by decision makers and CXOs' all while adopting BI implementations as a strategic initiative. The phenomenon has over time become instrumental in measuring the performance values within an organization. Advantics, along with its strategic initiatives, converts the respective data into a data warehouse and then perforates the same, down-the-line to various levels of management users. The company hence fulfills its role in meeting the strategic objectives of a client. Perhaps the major differentiating factor of the company can be the shift of the organization, from being a people-centric to an information-centric organization, which has ultimately enabled businesses to take informed and resourceful decisions.

Tackling Challenges and Rising in BI Services

Keeping in mind that BI is not a plug in solution, the company strives to address every new requirement of the customer with the best practices which are time tested and proven over past two decades and are embedded in its BI frameworks. Advantics BI application frameworks with standardized methodologies provide fail-proof BI solutions in an environment where market faces high failure rates. Some of the frameworks that Advantics lays an increased emphasis on are Revenue performance monitoring, Profitability performance monitoring and Risk monitoring to name a few.

"Our methodologies and frameworks on proper implementation will considerably reduce implementation costs and time. We understand the data, organize it and then develop a data strategy to be converted into the best possible BI solution," explains Winayak.

Advantics today has a clientele that spans the verticals of BFSI, IT, logistics, Pharmaceuticals, Transaction processing companies, and Depositories. Moving forward, the company, under the leadership of Winayak, looks to ride on its time trusted methodologies and frameworks to ensure that its clients move up the maturity ladder while using BI as a transformational asset.