Business Analytics

Knowledge is Power

FACT

We can only effectively manage what we can effectively measure

Which metrics are most important for your business? How are you performing against those metrics? What is your basis for making key decisions? How confident are you in those decisions?

Use data analytics to get a firmer grasp on the factors that drive your business and how they complement or offset each other. It all starts with knowing which questions to ask; then knowing where to find the answers.

Descriptive Analytics provides a clear view of the current state of your business. It’s most effective when deployed to answer specific “current state” questions, such as:

What is the breakdown of sales revenue?
Which market niches are most profitable?
Which costs have the biggest impact on operating margin?
How workflow efficiency improved?
Are quality standards being met?
What is average inventory by product class?
Etc.

Predictive Analytics is a methodology for predicting our business future by analyzing past data and interpreting it through statistical analysis. It helps answer questions like:

How much of each product will we sell over the next two years?
Which cost reductions will have the biggest impact on profitability in three years?
Which products are most closely correlated when purchased my a specific market niche?
Which commercial variables have the biggest impact on revenue?
Etc.