Client Story
Australian Bureau of Statistics (ABS) Client Story - FIS
Empowering Australia Bureau of Statistics
Calculating gross domestic product (GDP) requires collecting, analyzing and calibrating hundreds, if not thousands, of points of source data. To perform this analysis quickly and precisely, the Australian Bureau of Statistics (ABS) relies on FIS® Market Data Analyzer (formerly MarketMap Analytic Platform) to eliminate statistical discrepancies among the three approaches – production, income and expenditure – used to calculate the country’s annual GDP and present the most accurate measurement possible.
At a Glance
Objective
Aggregate economic data from multiple sources and present it within a consistent framework for analysisFIS SOLUTIONS
Impact
For 20 years and counting, ABS has used Market Data Analyzer to aggregate data from multiple sources; reflect changes in methods, concepts and classifications; and present it within a consistent framework.
with automatic time series processing
with powerful reporting, analytics, and forecasting tools
ABS continues to benefit from faster processing, interactive report generation and analytics, charts and graphing tools, modeling and forecasting functionality, and built-in time series functionality, including automatic processing at specific intervals.