Every business is ambitious about its growth. The few businesses that are able to actualize this mighty vision successfully, leverage realistic, actionable insights obtained through data analytics to understand market trends, buying patterns, and the subsequent changes they may need to implement.
The promise of analytics is that it enables organizations to leverage a wide range of information to operate more efficiently, offer new services, and stay ahead of the competition. Business Analytics helps organizations of all sizes thrive by enabling them to discover new ways to strategize, plan, optimize business operations, and capture new market opportunities.
There are five mega trends that are impacting the global marketplace and creating new challenges and opportunities.
- One is urbanization as we face a huge shift of people moving from rural and suburban locations into cities around the world.
- Another is the accelerating rate of population growth.
- Climate change and the skyrocketing demand for more natural resources.
- There are global shifts in economic and political power.
- Technology is exploding, and the digital data each of us has at our fingertips is changing every business and organization.
More powerful sources of data and analytic tools give us the ability to create the insights that will allow us to solve the new challenges and opportunities we will face today and tomorrow.
Importance of a data and analytics framework:
- Navigate data analysis in an organized manner
- Provides a process for solving problems
- Allows focus in outcomes first, enabling actions and decisions.
- Identify where value in generated
Our Business Analytics Framework
Octaware being a Microsoft Gold Partner in Data Analytics has invested in building a strong capability on analytics (MS PowerBI, MS Data Platform, MS SQL Server) and developing industry solutions to deliver business value to our clients. Our expert and specialized consultants help customers in realizing true business value from their analytics platform with the following services:
- Demonstrate business value by Defining business cases
- Evaluation of analytics platforms and selection of tools
- Execute technology POC to demonstrate technology capability, business value and potential of big data
- Develop reporting and analytics frameworks for big data use cases
- Advanced data visualization for Predictive Modelling and advanced analytics
Our business value driven approach to help our customers enables them to:
- Create competitive advantage
- Monetize new services
- Improve operational efficiencies
- Realize the full potential of the analytics platform to drive business decisions
Our data analysis process is oriented towards drawing maximum value out of every decision made in every department of your company. We strive to deliver analytics, reports, BI and predictions of increasing accuracy to solve your problems, sometimes even before they crop up.