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New Cloud Based DataGalaxy Promises To Save Millions

New data-as-a-service website aims to disrupt the data industry by offering data for a dollar for any of its millions of data series including award-winning proprietary ZIP indices.

 
PRLog - May 1, 2014 - NEWARK, Del. -- Scorelogix has launched DataGalaxy, a cloud-based database with millions of data series, to address the need for good data that is both affordable and instantly available. The need for big data that drives and impacts businesses is greater than ever before and DataGalaxy aims to make data collection faster, cheaper and efficient by making vast amounts of data available instantly for superior analysis and decision-making.

DataGalaxy sources data from hundreds of public and private sources and it contains extensive national, regional and local data on economy, consumers, businesses, demographics, income, credit, housing, trade, labor statistics, government, employment, and other useful data that companies need for various kinds of analyses and decision-making.

DataGalaxy solves one of the biggest challenges data users face, which is that data collection is a difficult, slow and costly process. It is well known that good data is absolutely essential for good analysis, good decisions, and for developing superior insights. However, most analysts and data users agree that good data is really hard to find at a reasonable price and in an easy to use format. Just finding the right source can be challenging and frustrating.  Research shows that the opportunity cost of inefficient data collection can be as high as 50% since analysts spend a lot of time collecting and preparing data instead of doing real analytical work. DataGalaxy addresses this issue by allowing users to get all their data from one source, in readily usable excel format, and in a matter of minutes instead of spending hours by going to various sites.

Scorelogix believes that its DataGalaxy can save hundreds of thousands of dollars, or even millions, to companies by lowering their data costs, increasing efficiency and productivity, and by improving decisions through use of its proprietary data. DataGalaxy includes Scorelogix’s proprietary ZIP level indices which are not available elsewhere. These proprietary ZIP indices are like smart data, because they can be directly used by marketing people for better customer segmentation and sales forecasting, and by finance people for better risk analysis and loss forecasting. And data on DataGalaxy costs just $1.00 per data series compared to $30-40 for the same exact data series from other sources.

DataGalaxy is available at www.datagalaxy.net.

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Scorelogix
***@scorelogix.com

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Source:Scorelogix
City/Town:Newark - Delaware - United States
Industry:Finance
Tags:big data, economic data, analytics, data series, modeling
Shortcut:prlog.org/12317869
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