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Data driven
business insights

Transforming today’s data for tomorrow’s success

Data, the oil of the 21st century.

As businesses collect increasingly more complex data sets around customers, production and processes they are becoming increasingly overloaded and unable to extract meaningful actionable insight from that data. Typically, this volume of data is too complex for humans to process effectively.

As Herbert A. Simon famously put it… “A wealth of information creates a poverty of attention”

This is why Par8o exists…

Par8o can quickly transform the trivial many data points, into the vital few. This enables faster and more accurate decision-making for businesses that require locational advantage; which should be every business that wishes to excel in the modern, highly connected world.

Par8o respects the 80/20 principle as applied to market indicators and data.

“The Pareto principle states that for many outcomes, roughly 80% of consequences come from 20% of causes (the “vital few”). Other names for this principle are the 80/20 rule, the law of the vital few, or the principle of factor sparsity.”

Not all market indicators, data points and relationships are created equal; they should be customised, weighted and prioritised according to the nuances of each specific opportunity and its unique drivers.

Par8o analyses such market opportunities accordingly by leveraging an intuitive, highly visual and interactive geospatial platform to enable timely, efficient and cost effective decision making that is grounded in factual, precise and relevant data.

Who Benefits from Par8o

“Real Asset Management (RAM) engaged Par8o to develop a National Mental Health Supply and Demand Platform. This platform, and its bespoke supply and demand indices, identifies areas nationally where a need exists for new and improved mental health facilities. This platform adds value to both our development business, plus our operational partners, by ultimately assisting in the delivery of better mental health outcomes for those in greatest need”. Sam Wood – Director, Asset Management – RAM         

While Par8o can be applied to multiple business segments and industries; providing market insights for developing health, medical and seniors living assets is Par8o’s core business offering.

Par8o can de-risk projects through the provision of supply and demand insights to answer questions like the following:

  • Will a project’s catchment area attain existing and forecast population growth; and how does this benchmark against other regions.
  • Which demographic segments reside in the catchment area; and how could an ageing population, young families or a high proportion of Australian Defence Force personnel impact upon the supply of specific services.
  • What are the socio-economic characteristics of the catchment area; and how could private health insurance coverage, income levels and property values impact upon the supply of specific services.
  • Are the residents in the catchment area predisposed to existing or future major health conditions; and how does an above-average number of residents with Type 2 Diabetes, and likely comorbidities, impact upon the supply of specific services?

  • Does an oversupply or undersupply of health professionals living in the catchment area exist; and how could an undersupply of general practitioners, physiotherapists or specialists per capita impact upon the supply of specific services.
  • Does an oversupply or undersupply of registered medical or health professionals working in the catchment area exist; and how could this insight be applied to strategically target such professionals looking to lease/move into a new project
  • What existing health assets exist in the catchment area plus their location; and does an undersupply or gap in the market exist for Public Hospitals, Private Hospital / Day Hospitals, Medical Centres / General Practices, Pathologists, Diagnostic Imaging, Pharmacies or Physiotherapists on this basis

Par8o’s geospatial platform and associated analysis is utilised by several of Australia’s leading companies and not for profit organizations including:

  • Real Asset Management Group (RAM)
  • Centuria Healthcare
  • GemLife
  • Midnight Health
  • Mulpha Norwest
  • Suicide Prevention Pathways

Who Runs Par8o

Pete Bell – Director

Pete Bell is a highly regarded Advisor, Analyst, Strategist and Writer with diverse experience across a variety of sectors including property, health, infrastructure and retail.

He is passionate about combining his skills in town planning, economics, data, geospatial analysis, human behaviour and business strategy. This unique fusion of skills can uncover non-linear insights, often contained within complex environments, to be applied for commercial value.

He is also a committed supporter and advocate of initiatives that break down the stigma associated with mental health and mental illness. This includes his role as the Chairperson of Suicide Prevention Pathways and Obsessive-Compulsive Disorder Awareness Advocate with the QMR Berghofer Mental Health and Neuroscience research program.

Allan Larkin – Strategic Advisor

After more than 30 years’ previous experience in construction and property, Allan Larkin is focused on supporting a suite of Australian businesses in sustainability, innovation and the environment. Passionate about taking Australian innovation to the next level is the driving force behind Allan and Digital Infratech.

Par8o forms part of Digital Infratech, a vertically integrated Brisbane-based platform creating long-term, well paid and sustainable careers for Australians across a number of industries including information technology, data, health, manufacturing, demographics and property.