Shackleton investee, PanInsight (trading as PanIntelligence) was absolutely delighted and flattered to be crowned Tech Innovation of the Year at the Leeds Digital Festival Awards on the 30th April 2019.
The company was also shortlisted as Tech Employer of the Year – a tribute to the tremendous culture that the company has developed since its formation in 2014.
Recognition for Pi Analytics
The Tech Innovation Award recognises the importance of the company’s differentiating predictive analytics module – Pi Analytics.
It was fully launched at the start of this year with the intention of placing easy-to-use data analytics tools in the hands of people who may not have strong technical skills but, know their company and customers better than anyone else – making them best placed to interpret the data.
It’s quick for users to build an analytical model, and users can just as easily rebuild the model with additional characteristics or after removing characteristics they want to omit. The results are shown in familiar Sankey diagrams.
Armed with Pi Analytics, important decisions can be backed by data. It automates the whole process of discovering trends and allows users to map these characteristics over new data sets.
Future innovation in Pi Analytics
PanIntelligence is not resting on its laurels and is striving to improve Pi Analytics every day.
Pi Analytics is already driving real-world change in important industries, but the innovation of the product could be beneficial to any business or industry that adopts data analytics. For example, the module can be used in healthcare to help hospitals learn why x-rays have to be retaken on occasion, which costs the hospitals more money, wastes time, and subjects the patients to a double dose of radiation.
In education, it could determine which students are likely to drop out of college or university, and in HR, Pi Analytics can help staff to understand the most important factors in retaining employees.
PanIntelligence is now testing a predictive analytics module to help prescribe the actions a business should take based on important trends as they are discovered. This includes the capability within Pi Analytics to automate decisioning (IFTTT – If This Then That). It will allow users to set criteria which, when identified in the data, will trigger a pre-defined activity or workflow.