Month: August 2016

Business Data Analytics Solutions

Analytics

 

Every company has lots of customer data, product data, business services data, social media data, website data, financial data, etc. Data is extremely valuable today as it allows businesses to make decisions smarter and faster. But, are businesses using their data wisely? Can businesses answer questions they have fast?

The Application of Statistical Techniques to relevant data is the core method for understanding business data and solutions for business challenges. Do organisations have statistcially trained talent? How are decisions being made in organizations today? Do organizations have an in-house Analytics Team to help them make decisions faster and smarter?

Business Data Analytics Solutions Pty Ltd has just been launched to help organizations build up their Analytics Team and to assist organizations in understanding and solving their business problems.

Do you want to know more about how Business Data Analytics Solutions Pty Ltd can help you to build your in-house Analytics Team or provide you with the relevant Analytics Training which your organization needs, contact us at http://www.dataanalyticsexperts.com See link below: https://www.youtube.com/watch?v=qVJ6tmlO5_8

 

 

Are you Making Good Use of your Data?

 

 

Analytics

Every business has lots of data…the question that needs to be answered is, “Are you making good use of your organisation’s data?

The best way to make good use of your organisation’s data is to use it to solve the business problems of today. When there is a business problem, brainstorm and understand what could be causing this problem…and then identify the relevant business data that can help provide insights & solve the problem.

Extract the relevant data a, perform Data Visualization to better understand when the problem is occurring, which location, for which products, which customers are being affected, etc and then measure and compare the insights , using appropriate analytical techniques such as Descriptive Statistics, Hypothesis Testing, Correlation Analysis, Regression Analysis, etc to help solve the business problem.

Evaluate the analytical results and validate that the solution is accurate and meaningful. Then take action, this is the most important step…TAKE ACTION and monitor and manage the results of your action. The last and final step is to demonstrate and communicate the analytical value to your organization. Whether it be a Reduction in Costs, Increase in Revenue, or Reduction in Time, these are essential communication messages for the Business Operations and Strategy Team to understand how Business Analytics can help solve business problems using a data driven strategy.

If you would like to learn more or are interested in projects like the one described above, contact us at Business Data Analytics Solutions Pty Ltd at https://www.dataanalyticsexperts.com