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’ 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.
For 20 years and counting, ABS has used FIS’ MarketMap Analytic Platform 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.