Pi Analytics on show at the Exact Hackathon
Last week, four members of our team were overseas in Utrecht, Netherlands, for the Exact Hackathon. Founded just last year, the event invites competing teams to create an innovative concept and build it, in only 48 hours.
The Hackathon focuses on innovation, by harnessing current technologies and new ideas to create a working demo that wows audiences. Naturally, teams’ creations must be integrated with Exact, but can be a dashboard, interface, algorithm, or something entirely different!
Showcasing Pi Analytics
For us, it was the perfect opportunity to take the development of our new product feature, Pi Analytics, to the next level.
Pi Analytics is a predictive tool that allows users to build models based on their data, and then apply those models over new data sets, to spot characteristics and trends. For example, we're able to show how it can be integrated with Exact to predict which invoices will go bad:
Our Analytics engine allows us to build tree structure models based on events, then break the data down into factors that have contributed to the outcome of that event.
From this, business insight can be gained by predicting future outcomes, based on the data inputted. The regression models built can be mapped over new data to apply the logic to multiple events.
Through the Hackathon, we were able to use an ideal dataset to demonstrate the characteristics of a bad invoice. See Zandra, Jon, and Tiago demonstrate our Hackathon efforts:
Sadly, we didn’t take home the top prize, but we did come away with a medal each, and lots interest from the Exact community.
— Zandra Moore (@zandramoore) November 15, 2017