Wellington-based economic forecaster Infometrics will deploy self-service business intelligence technology from Melbourne-based Space-Time Research (STR).
STR’s SuperSTAR system will be used to to deliver its data analytics capabilities to Infometrics customers, who subscribe to the company’s datasets of economic, labour market and demographic indicators, to assist their decisionmaking.
“SuperSTAR’s scalable, self-service functionality allows us to accommodate the growth in complexity and volume of data and increasingly diverse questions that our users demand of this data” says Gareth Kiernan, managing director of Infometrics.
SuperSTAR enables Infometrics’ government customers across New Zealand to instantly query their regional data service economic analysis and forecasting data.
This is used to monitor the performance of the local economy and make strategic decisions on investment based on forecasting important trends such as employment and GDP.
The self-service business intelligence system provides immediate answers to queries, saving users time; web-based interfaces encouraging use of the service; product functions to minimise the risk of misinterpretation; multi-dimensional displays and graphical visualisations of results.
Don McDougall, CEO of Space-Time Research, says Infometrics’ methodology links macroeconomic indicators such as inflation, interest rates, and unemployment with specific industries and regions.
This helps agencies benchmark their economic growth and develop strategy, he says.