System translated (Gemini)

This article is adapted from an interview with Trade Finance.

The Advent of the Digital Economy Link to heading

In 2020, the unexpected outbreak of the global pandemic forced people to change many of their daily habits. Financial services rapidly moved online, strengthening the connection between technology and finance in the process.

Under the current conditions, it is essential to accelerate the advancement of the digital economy. This helps improve GDP dynamics and fully tap into the potential of the “dual circulation” principle.

The Original Intention of Zhugeio Link to heading

In the age of data, amidst bloodless business battles, companies need a strategist like Zhuge Kongming to help them unlock market secrets from raw data.

But a “data strategist” does more than just solve mathematical problems. They need data logic and, more importantly, business acumen. While strategizing behind the scenes, they help companies achieve decisive victories.

“Embody the spirit of Zhuge, perform the task of analysis, vitalize data, and serve the users.”

Big Data as the Foundation of Financial Services Link to heading

A growing number of financial institutions and traditional banks are entering a critical period of digital transformation.

The process of digital transformation requires companies to:

  • Restructure business processes using digitalization
  • Empower business development with big data
  • Continuously optimize products, marketing channels, marketing methods, and risk control processes

Big data has already become the foundation of financial services.

Challenges Faced by Financial Institutions Link to heading

When promoting digital transformation, financial institutions face various challenges from both external and internal environments:

  • Traditional data analysis is inefficient and struggles to respond promptly to business changes.
  • Data is scattered across various isolated systems that cannot be integrated.
  • Behavioral data is rarely collected.

The Dilemma of In-house Systems Link to heading

  • Difficult to collect and integrate data
  • High requirements for modeling
  • High costs for hardware and personnel
  • Long implementation cycles and requires significant ongoing investment

Limitations of Traditional Third-Party Platforms Link to heading

  • Primarily focused on traffic or business statistics reports
  • Lack of analysis and insight into business and user scenarios

Zhugeio’s Solution Link to heading

Zhugeio provides a data intelligence solution featuring:

  1. Holistic Scenario Planning - Agile delivery
  2. Evolutionary Architecture - Real-time response to business changes
  3. Flexible and Scalable - Meets the needs of various data analysis scenarios

Serving Financial Clients Link to heading

We have successfully provided data intelligence services to numerous financial institutions:

  • Sunshine Insurance
  • China Life Insurance
  • SF Financial
  • Bank of Nanjing
  • China Construction Bank
  • Mintai Bank
  • BOCOM Fund
  • Suning Consumer Finance

Case Study: Sunshine Insurance Link to heading

Sunshine Insurance Group purchased the Zhugeio analytics platform in 2017 and has been using it for nearly three years:

  • A total of 45 applications have been integrated.
  • Established a metric system for fine-grained operations.
  • Implemented specific data management and application standards.
  • Created rich data visualizations.
  • Capable of independently calculating and displaying composite metrics.

Reflections on 2020 Link to heading

2020 was an extraordinary year. The pandemic accelerated transformations across all industries and intensified the shift to online business.

Facing increasingly complex data, some have compared it to “the new oil,” implying that just as crude oil can be processed and refined into gasoline, kerosene, asphalt, and diesel for various purposes.

How to transform different forms of data into “valuable services” is the defining question of our time.

In an era where data drives the pursuit of fine-grained operations, Zhugeio aims to be a service provider. With business at our core, we are dedicated to serving every client, helping them drive scientific decision-making through data analysis to achieve rapid growth.

Original article link: Interview with Trade Finance