Entries by Dataware

Revolutionizing Consumer Finance with Data-Driven Solutions

 

OVERVIEW

Dataware Tech, a big data and analytics company, is proud to showcase a transformative project recently completed for a leading consumer finance company. Our client sought to enhance their data collection and analytics capabilities to better understand their customers’ repayment behaviors and, ultimately, to offer tailored financial solutions.

CHALLENGE

WB Solutions faced challenges in structuring and analyzing repayment data, which limited their ability to provide customized payment plans and accurately assess creditworthiness. They required a robust solution to streamline data recording and leverage this data for insightful analytics and personalized offerings.

SOLUTION

Dataware Tech designed and developed a bespoke invoicing solution with a custom payback structure. This solution enabled our client to meticulously collect and record data on customer repayment behaviors.

By implementing advanced analytics, the solution positions the client to develop a comprehensive credit score system tailored to individual customer profiles thereby enabling WB Solutions to provide customized repayment plans.

Key components of our solution included:

  1. Mobile friendly web-based invoicing solution with inventory that has standard payment plans and the ability to generate custom payment plans.
  2. Restructured dataset: Data collected in a manner that builds a foundation to derive repayment behavior of customers.
  3. Credit Scoring Algorithm: A dynamic credit scoring model built on collected data to be trained to offer personalized payment plans.

RESULTS

The implementation of Dataware Tech’s invoicing solution has yielded significant benefits for our client:

  1. Enhanced Data Quality: Accurate and comprehensive data collection on repayment behaviors, providing a rich dataset for analysis.
  2. Personalized Financial Products: Ability to offer customized payment plans based on individual repayment histories, improving customer satisfaction and retention.
  3. Improved Risk Management: Development of a sophisticated credit scoring system to better assess creditworthiness and manage financial risk.
  4. Operational Efficiency: Streamlined invoicing processes, reducing administrative overhead, and increasing productivity.
  5. Strategic Insights: Data-driven insights into customer behaviors, enabling the client to refine their product offerings and marketing strategies.

Testimonial

“We have developed an excellent partnership with Dataware, whose dedication to our web application and invoicing system has been remarkable. We greatly appreciate their attention to detail and their creative approach in bringing our new exhibit to life online.”

  • William Osei – CEO, WB Solutions

CONCLUSION

This project exemplifies Dataware Tech’s commitment to delivering innovative, data-driven solutions that empower our clients to make informed decisions and achieve strategic goals. By transforming the way our client records and leverages repayment data, we have positioned them to offer more personalized and effective financial solutions. We are proud of the success achieved and look forward to continuing to drive innovation in the financial services industry.

CONTACT US

Discover how Dataware Tech can revolutionize your business with our advanced data and analytics solutions. Contact us today to learn more.

Dataware Tech: Your Business enabler

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From Vision to Victory: Ghana’s Journey with real-time insights in Market Entry Expedition in Tanzania #InnovationInAction

Expo in Tanzania

INTRODUCTION 

The Ghana Trade Expo, a visionary initiative launched under the auspices of the National AfCFTA Coordinating Office (NCO), an agency under the Ministry of Trade alongside esteemed partners such as Ghana Export Promotion Authority, Ministry of Foreign Affairs and Regional Integration, GIZ, UNDP and the World Bank.  

This groundbreaking venture aims not only to foster trade relations between Ghana and its continental counterparts within the African Continental Free Trade Area (AfCFTA) framework but also to solidify Ghana’s position as a premier trading hub.  

The objectives are to showcase Ghanaian businesses and products across various sectors to specific markets, pinpoint potential value chain prospects, enhance the Made in Ghana brand’s visibility in African sub-regions, and foster trade and investment partnerships between Ghanaian enterprises and African counterparts through targeted business-to-business interactions. 

Dataware Tech was honored to be engaged as a data analytics service provider for this event. 

WHAT WAS THE CHALLENGE? 

A major concern for NCO was the registration process for participants, spanning buyers, visitors, partners, officials, and exhibitors. Additionally, NCO was looking to support exhibitors effectively networking with participants and accurately recording their business-to-business transactions, sales, and inquiries. Recognizing the need for streamlined data management, the National Coordinating Office (NCO) engaged Dataware Tech’s expertise to collect, store, and model data for real-time insights.  

The NCO required a streamlined process to enable the team to gauge economic activity at the event in real-time. 

OUR SOLUTION 

PART 1: Registration and Data Collection  

Registration and data collection

The web app aimed to streamline the registration process for a variety of participant categories, including exhibitors, organizers, speakers, partners, visitors (buyers), and media representatives. It consisted of an exhibitor portal and an admin portal, each serving distinct purposes to enhance the overall event experience.  

The main center for controlling users and events was the Admin Portal. Under an active event, administrators could manage the registration of companies as exhibitors, organizers, partners, and individual participants. This centralized strategy made sure that all the many parts of the event were efficiently managed and coordinated.  

By adding companies to the list of exhibitors at events, administrators made it easier for them to be included. In exchange, exhibitors gave useful information on their company and delegates, facilitating effective data collection, productive networking, and communication.  

A user-friendly interface was made available to visitors (buyers) and media representatives giving them the option to register on their own or get registered at the event registration desk. An API connection between the event registration portal and the NCO website enabled visitors to seamlessly access the self-registration feature directly from the NCO website. This integration enhanced the visitor experience by providing a user-friendly registration process, ensuring real-time data synchronization between the registration portal and the NCO website for improved event management.

A user-friendly interface was made available to visitors (buyers) and media representatives giving them the option to register on their own or get registered at the event registration desk.

An API connection between the event registration portal and the NCO website enabled visitors to seamlessly access the self-registration feature directly from the NCO website. This integration enhanced the visitor experience by providing a user-friendly registration process, ensuring real-time data synchronization between the registration portal and the NCO website for improved event management.

All participants could scan QR codes of other participants to obtain contact information of effective networking.

Participants were given tags printed with their name, participant category, a unique QR code, and their event interests when they checked in at the registration desk. The event experience was personalized, and guests were managed more effectively thanks to the expedited check-in procedure.

PART 2: Dashboard 

The dashboard report involved meticulous data collection crucial for understanding participant demographics, interests, and engagement at the event through the NCO Registration portal which served as the primary platform for participant registration during the Trade Expo. This data formed the basis for analysis, highlighting the event’s impact on Ghana’s trade relations within Tanzania and across Africa. 

To ensure data accuracy and completeness, rigorous validation procedures were implemented. This data was then processed through a data pipeline, which involved the extraction, transformation, and loading (ETL) of data from the registration portal to the data warehouse. By automating data ingestion and processing tasks, the pipelines facilitated real-time data flow. 

The data warehouse served as a central repository for all Expo-related data, allowing for efficient storage and retrieval. This data warehouse enabled the creation of dynamic datasets used for the analysis and reporting, providing valuable insights into the Expo’s impact and participant engagement. 

The dashboard, enriched with a variety of KPIs, provided stakeholders with actionable insights into the Expo’s performance and impact. These KPIs included metrics such as total sales volume, sales value, number of B2B engagements, and demographic distribution of participants. Graphical representations, such as pie charts and bar graphs, visualized these KPIs, enabling stakeholders to quickly grasp key trends and patterns.  

The integration of the NCO Registration portal, data pipeline, and data warehouse had an immediate and transformative impact on the Ghana Trade Expo – Tanzania 2024. This comprehensive solution streamlined the registration process, saving time for participants and organizers. It also facilitated efficient data collection, processing, and analysis, contributing to the event’s success and generation of valuable insights. Exhibitors benefited from easier connections with potential partners and improved interaction logging, leading to increased business opportunities. The detailed analytics provided by our dashboards offered NCO valuable insights into visitor demographics, exhibitor performance, and sales and engagement metrics, enabling informed decision-making and event optimization. 

Ghana Tanzania Trade Expo

CONCLUSION 

Our collaboration with NCO Market Entry Expedition marks a significant milestone in the journey of trade promotion. By leveraging technology to streamline event management and data analysis, we have not only facilitated a more efficient trade fair experience but also contributed to positioning Ghana as a leading trading partner under the AfCFTA framework. As we continue to innovate and enhance our solutions, we look forward to further empowering the trade expo and driving continued success in the promotion of trade and economic growth. 

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Quiver DeFi App

Quiver’s aim is to facilitate mainstream adoption of Cryptocurrency & Decentralized Finance. The App, which is available on IOS and Android, is a robust solution that enables users send, receive, save, spend & take cryptocurrency loans and is running on Amazon Web Services.

Dataware provided the technical resources to the project team to deploy the Quiver App using AWS Elastic Beanstalk, a fully managed platform-as-a-service (PaaS) offered by Amazon Web Services (AWS). AWS Beanstalk is a cloud service that allows developers to easily deploy and manage web applications, APIs, and services without the need for infrastructure management.

AWS Elastic Beanstalk offers developers a range of powerful tools for hosting scalable, secure, and resilient applications. Its features include automated scaling, load balancing, secure communication protocols, access controls, and data encryption. Additionally, it provides monitoring and logging tools to troubleshoot issues and ensure application resilience.

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Agrotrack Lending

AgroTrack is a platform that will collect alternative data of farmers such as mobile activities (including frequency of loading/buying airtime, duration of phone calls, and mobile money transactions), expense and revenue data via SMS, agronomic data, market data, remote-sensing data, behavioral economics, and demographic data to create detailed yield estimates and assess credit risk.

Dataware’s data science team will leverage the datasets to build, train and deploy a model that would serve as a proper bank risk mitigation tool, allowing credit providers to make informed lending decisions, which expand access to financing for smallholder farmers. With the credit profiles created, AgroTrack will also set out a crowd farming platform for smallholder farmers to attract funding for their projects through peer-to-peer lending. The Crowd farming service will enable the working-class in the cities and farming communities pool funds together, invest in rural farmers, and take a share of the profits at harvest time.

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FBassey 1Dimension

Fitzgerald Bassey Consultancy, is a supply chain consultancy firm, incorporated in 2015, with the operational mandate to create more value for clients’ supply chains, enabling clients to focus on their core business operations. As a center of supply chain excellence with a distinguished team of resource experts, Fbassey provides business process outsourcing (BPO) facilities to small and medium sized enterprises (SME’s) to further disseminate strategic supply chain practices into industry.

1Dimension is a comprehensive solution for managing the supply chain process from end to end. The solution boasts a database of 15000 suppliers from various categories, allowing for a wide range of options and flexibility in the procurement process. The platform offers a single point of contact for all procurement needs, simplifying the process and reducing the risk of errors or miscommunications.

Dataware built a data driven solution that leverages analytics to provide real-time tracking and monitoring of purchase requests and procurement spend, ensuring timely delivery and reducing the risk of supply chain disruptions.

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