Accessing data and analytics is still a key challenge for businesses, according to Experian

14 November, 2018, Sofia –The availability of very large data sets and new analytic techniques is vital to understanding patterns, trends and associations that can help in identifying opportunities for businesses. Yet the number of data sources and factors required to make decisions continues to rise and conventional platforms just cannot keep up

Presenting to key business and technology media in Sofia today, Steve Wagner, Global Managing Director of Experian Decision Analytics highlighted the challenges businesses still face and the areas where business leaders can effectively use data in more meaningful ways.

Together with Peter Bankov, Executive Director of Experian Bulgaria; and Spiros Giourgas, Business Development Manager Experian Decision Analytics in The Balkans region; Wagner discussed big industry trends such as data explosion, the challenges of customer experience and technology transformation on a global level.  He also provided insights on the local Bulgarian business economy as well as the most recent news on Experian’s offices in Sofia.

Experian’s Bulgarian office based in Sofia, and which houses a major part of the business’ global analytical capability, is set to reach a total of 1000 employees by the end of 2018.

The office in Sofia was established in 2004. Over the years the Bulgarian office has worked on credit rating scorecards combining big data with analytical modules, fraud prevention and process automation.

“The Bulgarian team makes a terrific contribution to our business,” adds Wagner.   Innovative product builds and great client delivery have been the foundation of our success in Bulgaria, as they have for Experian across the world.”

Apart from providing services for five of the major banks in the country, earlier this year the company was acknowledged as a Class A investor for a third year in a row for its contribution to the local economy. Moreover, Experian belongs to an industry, which as a whole contributes 4.8% to the country’s GDP according to the annual report of the Bulgarian Outsourcing Association.

In pursuit to further develop the local talent, in 2016 together with Sofia University Experian Bulgaria introduced a MSc program in Applied Econometrics and Economic Modelling with a focus on modern applications in the area of economic data and processes analysis.

Experian Bulgaria’s upcoming plans include moving to a new building due to the rapid expansion of the office. “We attract more and more smart and proactive talent by the month. It was about time for us to have our own space to create the technology and processes that will transform everyone’s lives for the better,” added Peter Bankov, Executive Director of Experian Bulgaria.

The building is located on 7-11 Tsarigradsko Shosse Blvd and Experian Bulgaria will occupy the new premises in the first half of 2019.

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About Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.
We have 17,000 people operating across 37 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index. The total revenue for the fiscal year which ended on March 31, 2018 amounts to $4.6bln. The company was included in Forbes’ “Most innovative companies in the world” list for a 5th year in a row.

Learn more at www.experianplc.com for the latest news and insights from the company.