BearingPoint Acquires a Major Stake in Business Analytics Software "HyperCube"
January 23, 2012 - Management and technology consultancy BearingPoint (www.bearingpoint.com) today announces a significant investment in the business analytics solution HyperCube, by virtue of its acquisition of a majority percentage of the parent software company Effiscience (www.effiscience.org). With the transaction BearingPoint reacts on an increasing challenge many companies face regarding their business performance and perspectives: how to handle and use a growing amount of available data in business processes. HyperCube offers a solution to quantify 'big data' with very high precision, to identify opportunities and hedge risks along the entire value chain. The software generates easy to understand formal rules immediately usable by end-users and thus improves the way companies make decisions. By acquiring the technology BearingPoint expands its service portfolio in the fast growing asset based consulting field and offers market-specific analytics applications.
HyperCube® is a unique tool which reveals risks and opportunities normally undetectable using traditional statistical methods. This breakthrough data analysis technology will dramatically improve the way companies make decisions in an environment where the amount of data grows exponentially.
HyperCube® is a solution recognised by the Pasteur Institute as the best performing data analysis tool available today. They describe it as: "a new data mining algorithm that can identify the combinations of variables that give the optimal prediction of the outcome of interest. We demonstrate that the model identified by HyperCube® has better predictive value than any other model tested." It was also won an innovative technology award from the MIT (USA).
BearingPoint combines the business expertise of our consultants with this unique data mining solution to identify our client's needs, generate relevant business rules, develop operational plans and build a continuous improvement process. The solution helps to find, in few weeks, solutions that are directly applicable to our client's business environment.
Read what the analysts are saying on BearingPoint and HyperCube®.
