Asia-Pacific Companies Use SAS ‘Big Data’ Analytics

While most organizations in the Asia-Pacific region still are at an early or emerging stage in their use of analytics, some organizations have embraced business analytics to harness Big Data and turn it into valuable insights and better business decisions, according to SAS.

Industrial and Commercial Bank of China Ltd. (ICBC) faces “Big Data” challenges, processing 200 million transactions daily. SAS claims the bank relies on its software to make business decisions, build stronger customer relationships and improve risk management.

Through scalable Big Data Analytics technologies, SAS says businesses like ICBC find insights within big data that help them compete and succeed.

SAS says it offers an extensive set of capabilities that help support Big Data Analytics, including grid, in-database, and in-memory – capabilities that can be leveraged across SAS solutions, including data management, analytics and BI/reporting, and industry-specific and horizontal business solutions.

China Guangfa Bank faces big data challenges as it prepares for a possible multi-billion dollar IPO in Hong Kong as early as this year. SAS says the bank relies on SAS for a broad and scalable analytics platform to meet its data analytics needs.

Hyundai Marine & Fire Insurance is using SAS for fraud detection and prevention. SAS says the company has built a system that prevents claims fraud and improves premium payment processing, thereby protecting its most profitable customers.

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