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50 Most Admired Companies of the Year 2023

Fulcrum Analytics – Representing a pinnacle of expertise in the financial services sector

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In various sectors, the significance of data and analytics has exponentially increased, generating vast pools of knowledge that harbor valuable insights. This surge in data availability over the past decade has resulted in a booming data market. Effective decision-making relies not only on data compilation but also on its thorough analysis. Data and analytics serve as instrumental tools, providing organizations and businesses with profound insights necessary for continual production and expansion.

Fulcrum Analytics has maintained a prominent position in the realm of data and analytics for over two decades. The company offers sophisticated solutions, cutting-edge technologies, and strategic approaches that enable businesses to achieve their desired outcomes. Fulcrum Analytics specializes in tackling complex data queries posed by its clients—queries that have a substantial impact, unveil hidden patterns within extensive datasets, and drive business progress on a daily basis.

From managing web hosting services to establishing expansive big data analytics environments and creating tailored reporting solutions within clients’ frameworks, Fulcrum Analytics excels in leveraging its expertise and implementing robust security practices. These practices maximize the insights derived from organizational data, ensuring that businesses can harness the full potential of their information resources.

Industry-Leading Data and Analytics Products Delivered to Organizations

Fulcrum Anvil™: Fulcrum Anvil™ represents a pinnacle of expertise in the financial services sector, boasting a team with over 25 years of invaluable experience. Their profound understanding of the intricate challenges posed by data regulations and unique business models within this industry is unparalleled. Fulcrum excels in providing tailored solutions, drawing upon their extensive knowledge to assist clients effectively.

With a notable track record, Fulcrum has had the privilege of collaborating with internationally recognized commercial banks, investment banks, and other financial institutions. Their expertise lies in the application of advanced statistical models, enabling these institutions to maximize the value derived from customer and HR data. Additionally, Fulcrum specializes in optimizing internal processes, ensuring seamless operations within these financial entities.

A hallmark of Fulcrum Anvil™ is its provision of Hadoop clusters, specifically designed for organizations seeking a robust big data environment. This offering allows businesses to test their big data strategies without the need for substantial capital investment or impacting existing staffing resources. Fulcrum Anvil™ proves invaluable for proofs-of-concept, enabling the evaluation of new tools and techniques. It acts as a guiding compass, aiding organizations in determining strategic areas worthy of more permanent investments. Moreover, Fulcrum Anvil™ provides managed services that grant clients swift and cost-effective access to cutting-edge technology, platforms, and expert guidance. This ensures that businesses can leverage advanced resources efficiently, thereby staying ahead in the ever-evolving landscape of financial services.

RetailViewer: Grocery retailers face a unique set of challenges within the retail sector, as much of their inventory is perishable, and the traditional use of price promotions can make it hard to understand a product's true price elasticity. With narrowing margins and continuous competition, grocery retailers are always looking for an edge. Fulcrum Analytics has been delivering solutions for the grocery industry for more than a decade, helping clients put valuable data assets to work to improve pricing, promotion, and communication decisions to increase profitability. In addition to its grocery analytics consulting team, Fulcrum offers RetailViewer and Circular Optimizer backed by its team of industry experts to help grocery retailers make analytically informed decisions. It allows retailers to quickly and easily compare pricing strategies, track promotion effects over time, and determine optimal everyday pricing based on a variety of customizable objectives.

Fulcrum Impact™: Fulcrum Impact™ is an innovative tool, integrated into healthcare companies’ own environments, that allows their own analytics teams’ access to a semi-automated platform to make the evaluation of behavioral interventions more efficient, accurate, and repeatable. It contains a database of customizable frameworks and reports, reducing the labor needed to prepare data, design models, and build reports. Allows users to plug in data, benchmark metrics, build perimeters and analyze the outcomes, all through a simple UI. Enforces consistency and provides a repository of past interventions and evaluation results to facilitate evaluations at scale.

Data Anomaly Detector™: Fulcrum’s ML-driven Data Anomaly Detector, better known as “DAD”, applies cutting edge machine learning applications and data visualization to information technology systems historically run by SQL logic. It modernizes data anomaly detection by identifying unusual patterns in live data feeds with a minimal amount of user input or oversight, and becomes more effective as the user interacts with it. DAD leverages a blend of user context knowledge and machine learning methodology to automatically hone in on outliers and less obvious long-term trends or patterns in data. A Graphical User Interface (GUI) guides the user through a series of relatively simple prompts and the user-provided knowledge then gets incorporated into the underlying models. With each facet of each new record, the tool conducts backend predictive checks to q Deviations deemed statistically significant are noted as anomalies and recorded along with the level of significance. One can quantify the extent to which the observed data deviates from model expectations.

The Visionary Leader

Richard Vermillion serves as the Chief Executive Officer of Fulcrum Analytics.  In his former role, he was the chief architect of Fulcrum’s technology products and service offerings. As the CEO, he led a management buy-out of Fulcrum in 2013 and built up Fulcrum’s modern data science and engineering capabilities. In 2015, he led the spin-out of After, Inc., the leading provider of warranty analytics solutions, and acted as After's CEO until its successful sale in 2017. Now full-time at Fulcrum, Richard continues to contribute to the development of the company’s technology platform and to key client relationships.

Before joining Fulcrum, Richard worked for McKinsey & Co. He holds a B.S.E. in Mechanical and Aerospace Engineering from Princeton University.

“We collaborate with clients to accelerate their use of data and advanced analytics, build their organizational capacity for data-driven decision making, and push the frontiers of what’s possible within their organization.”

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