BearingPoint has bought business analytics solution Hypercube from its parent software company Effiscience. Hypercube* helps clients analyze and quantify 'big data' with high precision, which in turn can support effective decision-making on complex issues. The addition of Hypercube to its services will further strengthen its position in the increasingly important business analytics marketplace.
Business analytics is together with sustainability consulting considered by analysts to be the two highest growth segments of the consulting market. In addition, several research reports have shown that the impact of big data on economies and businesses worldwide can be massive. Following this trend, several consulting firms have geared their strategy and invested substantially in big data propositions, including for instance McKinsey (who introduced the term big data), Capgemini Consulting (what they call Digital
Transformation) and Deloitte Consulting ('Business Analytics'). Also smaller firms, such as Nolan, Norton & Co. in the Netherlands (under the name 'Competing for Information), are increasingly focussing on the value big data can offer clients.
The HyperCube solution is based on over fifteen years of advanced mathematical research. The data analytics engine is based on a state of the art mathematical algorithm as well as massive computing capabilities provided in a cloud computing environment (SaaS). In 2010 the MIT Sloan School gave it the award for "most innovative showcase" and the international Pasteur Institute declared it "the best performing data analysis tool". Over the past years the solution has been implemented in a number of renowned companies, including Allianz, Orange, Roche, Volkswagen and Carrefour.
Peter Mockler’s response, Managing Partner BearingPoint
"The integration of the software is important for meeting future needs of our customers in handling and using 'big data' in their business processes", commented Peter Mockler, Managing Partner at BearingPoint. "Business analytics will become one of the most challenging prospective corporate requirements," he said, adding the transaction is another important step in extending BearingPoint's position as one of the leading international business consultancies.
*Hypercube is not to be confused with the niche Dutch consulting firm Hypercube.