Business & Finance
Business and Finance
Business and Finance
Thu, April 7, 2011 Data Visualization From Advanced Visual Systems Enhances Mutual Fund Analysis at Leading Bank
WALTHAM, MA--(Marketwire - April 7, 2011) - DekaBank, a leading German financial institution, is using a proprietary asset management solution created with the OpenViz ([ www.avs.com/products/openviz ]) data visualization system from Advanced Visual Systems (
DekaBank's approach to fund analysis is unique in that it visualizes fund rankings over time-based subintervals as opposed to fixed timeframes, as is a common industry practice. By integrating variance, covariance, correlation and historical financial market data into the analysis processes, subtle performance fluctuations become apparent. The result is a visual classification of mutual funds by specific performance criteria and a clear understanding of their relationship to global market characteristics.
DekaBank's fund performance system was developed to meet extremely specific requirements of internal analysts and provides five unique views of selected mutual funds, each with the ability to be independently manipulated using OpenViz interactive scroll bars, sliders and mouse-drag filters. Complex calculations are undertaken using powerful in-memory data processing features provided by OpenViz that allow analysts to focus exclusively on the visual results and not processing considerations that are typically executed in a separate application environment. The tight integration of advanced data processing and advanced data visualization provides financial analysts with a "rolling analysis" of multiple funds and the ability to quickly discover subtle performance variations that might have been overlooked without the integrated approach provided by OpenViz.
OpenViz is a comprehensive data visualization system for all Java and Microsoft platforms that enables solution designers to create and deploy interactive visual presentations from any type of data. OpenViz offers over 20,000 different visualization techniques coupled with a powerful in-memory data management system that is designed to help customers like DekaBank realize the full potential of their IT and analytic investments.
About Advanced Visual Systems Inc.
AVS/Advanced Visual Systems provides industry-leading, interactive data visualization software and solutions that help business, scientific and engineering users gain critical insight from all types of data. AVS's complete line of software products speed decision-making by bringing information to life using the latest in graphics, Web-based and interactive technologies on all major computing platforms. For more information contact [ info@avs.com ] or visit [ www.avs.com ].
This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's public filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
© 2011 Advanced Visual Systems. All rights reserved. Photo is the property of DekaBank, used by permission.
