Forecasting plays a vital role in the success of businesses for several reasons such as Effective Planning and Resource Allocation, by using current and historical data you are able to have accurate predictions for future trends and forecasts. With this increased visibility you can analyze your business as a whole with the utmost confidence in…
Category Archives: Blog
How does a business dashboard and data visualisation change the way your business to develop smarter strategies ?
Many small-to-medium enterprises with whom we meet first believe that a business dashboard is merely a “nice-to-have” tool rather than something they “need.” Dashboarding is often not viewed as a worthwhile investment by many organisations. However, they spend time repeatedly to generate monthly operational reports using tools such as excel. With this approach most of…
Essential Skills required to become a successful Data Analyst.
Last few months we had been hand-holding a few students from a reputed college, who were in the final semester of their 5 Year post-graduation course in Computer application and Data science. The experience I got interacting with them, brought me an idea to pen down a blog of interest to the young data aspirants….
Can predictive analytics help the banking industry to minimize risk.
Data has become an extremely valuable resource across all industries. Thus, Data Science and Business intelligence has been very effectively used in solving many real-world problems and is being widely adopted across all industries to make more insightful and intelligent decision-making. The banking industry is usually not looked at as an industry that uses technology…
How Data Science & Analytics can power the Real Time Intelligence of Healthcare industry.
Each organisation has an enormous amount of data that can have an effective impact on its management-level decision-making. Similarly Healthcare organizations also have different sources of data, which can be used in managerial and clinical processes. It is quite challenging for healthcare organisations such as Hospitals to use the data to its full potential, due…
How analytics can help the Retail Industry grow
Retail analytics is the analysis of data generated by retail operations with the goal of making business decisions that drive profitability. It processes the analysis of data on inventory levels, supply chain movement, consumer demand, sales, etc. which are crucial for making marketing, and procurement decisions. It gives detailed insights into customers, business processes, etc….
Is Data Analytics relevant to the Hospitality Industry.
In recent years, we have seen more industries adopt data analytics as they realize how important it is. Even the hospitality industry is not left behind in this. This is because the hospitality industry is data-rich and it can play a vital role in sustaining and finding a competitive advantage with the effective utilization of…
How SME can leverage data and advanced analytics to advance their growth strategy
How a small and medium enterprise can start their journey towards transforming into a data-driven organization. They can begin with baby steps by adapting technologies, processes, and awareness centered on data and data-driven decision-making. If you are all a small business, it’s your time to invest smartly and pay attention to your data assets; your…
Why retailers should be serious about using data and analytics to drive their business
Why retailers should be serious about using data and analytics to drive their business Operational and administrative activities are very heavy when it comes to supermarket or hypermarket business, it becomes more complex in the case of multi branch entities. As a business owner it is very hard to get the key business performance indicators…