Press release from Business Wire
Office Imaging Industry's Use of Big Data Increasingly Important, Says GE Capital
<p> New white paper shows dealers how to be more efficient and productive </p>
Tuesday, June 18, 2013
Office Imaging Industry's Use of Big Data Increasingly Important, Says GE Capital08:00 EDT Tuesday, June 18, 2013
MOBERLY, Mo. (Business Wire) -- GE Capital's Office Imaging (OI) business today released a white paper showing OI dealers how to harness the value of big data to offer better service to existing customers, prospect for new customers and, overall, improve the management of their own businesses. It can be downloaded here: www.gecapital.com/officeimaging
The term “big data” refers to data that can potentially be used for trend analysis but that is so massive — such as the information generated by high-volume business transactions and machine-generated activity logs — that it's difficult to analyze using common database management tools.
“The OI industry is inherently forward-looking so it's not surprising that some progressive dealerships are already capitalizing on big data to get a better view of their customers and prospects,” said Glen Clark, vice president and general manager of GE Capital's OI business. “These are the same dealers that are leading the revolution in the business services industry by integrating information technology into their offerings.”
To avoid analysis paralysis, businesses should identify their potential sources of information and then organize them into accessible and useful segments that will drive action, noted Jeff McGaughey, who manages GE Capital's Office Imaging programs.
Dealers can provide better service to existing customers by managing data related to meter reads, delinquencies, lease cycle management and data access. But attracting new customers is an entirely different process that involves finding, qualifying, proposing and closing. There are data sources that can help with each activity.
“Dealers will have to tap into a number of information sources to uncover big data trends, but we're in an environment today where dealers have the potential to prosper by adopting the right software and improving their processes to meet their customers' needs,” McGaughey said. “We believe that end-users are as hungry for a more integrated approach as the OI industry.”
GE Capital is pleased to be the winner of the Business Technology Association's 2013 Channel's Choice award in the new Third-Party Leasing category. The awards reflect dealers' ratings of the performance and support of the industry's leading manufacturers and other participants.
About GE Capital, Equipment Finance
GE Capital's Equipment Finance business serves more than 30,000 dealers in North America and reaches nearly 300,000 businesses across the U.S. through original equipment manufacturers and dealers. We offer expertise in 25+ industries, providing financing programs designed to fit each one's unique dynamics.
GE Capital's Office Imaging business is a leading provider of innovative financing solutions including leases and loans to manufacturers, dealers and end-user businesses to help drive cost efficiencies and top-line growth. Its customizable financing solutions and full-service support help dealers and customers take advantage of their new business opportunities and think beyond the copier.
GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit www.gecapital.com or follow company news via Twitter (@GECapital).
GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.
GE Capital, Americas
Lisa Tibbitts, 203-956-4582