BIG DATA MANAGEMENT

J.D. Power Acquires We Predict Data and Predictive Analytics Business

J.D. Power | June 06, 2022

J.D. Power
J.D. Power, a global leader in data analytics and customer intelligence, today announced that it has acquired the data and predictive analytics business of We Predict, the UK-based provider of global automobile service and warranty analytics. We Predict’s software, which is used by auto manufacturers and suppliers to project future component failures and future warranty claims and costs, will be leveraged by J.D. Power to enhance its vehicle quality and dependability analytics, expand repair cost forecasting and provide critical valuation data.

“Robust data and powerful analytics that help manufacturers, suppliers and consumers better predict future repair costs are a key link in the auto industry value chain that will only become more important as fleets of new electric vehicles start rolling off the assembly line,” said Dave Habiger, president and CEO of J.D. Power. “By augmenting our existing offerings with We Predict’s forecasting software, we will be able to deliver a more complete, detailed view of repair-related costs to better anticipate financial risk exposures.”

“As the automobile industry enters a phase of massive transformation in which electric vehicles and ever-more complex technologies are rapidly becoming the norm, warranty claims and repair costs are a critical variable for manufacturers and suppliers to incorporate into their forecasting. “By incorporating We Predict’s comprehensive data and powerful analytics into our vehicle quality, dependability and valuation platforms, we will be able to create the industry’s most robust and accurate view of future warranty claims and repair costs.”

Doug Betts, president of the global automotive division at J.D. Power

We Predict software uses machine learning and predictive analytics to develop detailed projections of future warranty claims and repair costs for the global automobile industry. Drawing on a database of billions of service records, We Predict can accurately forecast true vehicle ownership costs, residual values, repair and warranty claims costs and more.

“J.D. Power invented the idea of using data and analytics to evaluate vehicle quality and dependability, so the opportunity to become a part of that team and bring our software and operational data into the offering is enormously exciting to all of us at We Predict,” said James Davies, We Predict CEO. “The industry and consumers need accurate repair cost forecasting now more than ever and we look forward to being the leader in delivering those solutions.”

Davies will become vice president of repair analytics and data at J.D. Power. We Predict will become part of the global automotive division at J.D. Power.

About J.D. Power
J.D. Power is a global leader in consumer insights, advisory services and data and analytics. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.

About We Predict
Formed in 2009, We Predict uses machine learning and unique predictive methodologies to assist global blue-chip customers in anticipating and accelerating decisions on product, on market, as well as on financial performance. Our top-notch data scientists, mathematicians, computer scientists and industry experts work together with our clients to explore and gain new insights into where your business is headed, creating the opportunity to course-correct with confidence. Using our service, clients gain insights into huge amounts of data at the touch of a button so they can take action—fast. Some guess, we know.

Spotlight

One of the chief goals of nearly all organizations today is to enable data-driven decisions and actions. Firms want to achieve the “right data, for the right user, at the right time” objective that has characterized business intelligence (BI) and data warehousing since their beginnings.


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BUSINESS STRATEGY

InterSystems Takes Data Fabrics to the Next Level with Ever-Increasing Embedded Analytics Capabilities

InterSystems | August 17, 2022

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About InterSystems Established in 1978, InterSystems is the leading provider of technology for critical data initiatives in the healthcare, finance, manufacturing and supply chain sectors, including production applications at most of the top global banks. Its cloud-first data platforms solve interoperability, speed, and scalability problems for large organizations around the globe. InterSystems is committed to excellence through its award-winning, 24×7 support for customers and partners in more than 80 countries. Privately held and headquartered in Cambridge, Massachusetts, InterSystems has 25 offices worldwide.

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BIG DATA MANAGEMENT

Treasure Data Named as a Strong Performer in Customer Analytics Technologies Evaluation by Independent Research Firm

Treasure Data | August 05, 2022

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BIG DATA MANAGEMENT

Eccovia Launches ClientInsight, an AI-Powered Data Warehouse to Improve Social Service Delivery

Eccovia | July 26, 2022

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BIG DATA MANAGEMENT

Sesame Software Announces New Data Connector for HubSpot, Empowering Users to Simplify Data Access and Accelerate Insights

Sesame Software | August 12, 2022

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Spotlight

One of the chief goals of nearly all organizations today is to enable data-driven decisions and actions. Firms want to achieve the “right data, for the right user, at the right time” objective that has characterized business intelligence (BI) and data warehousing since their beginnings.

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