To remain competitive and increase the revenues streams, companies must improve their strategies by mitigating risks, optimizing pricing and adopting digital marketing.

The rising awareness has led to a rapid expansion of business analytics (BA) tools across various industries and almost in every functional use case. Reporting tools are also necessary to deliver conclusions and results and take further decisions.

Organizations and corporates are looking for analytical tools that automate and ease current decision-making processes, increase productivity while transitioning from reactive to proactive and actionable methods.

We can provide a specialized analytical service based on Big Data and advance, descriptive and predictive analysis tools.

Big Data: Consulting on database, help companies to organize and structure their data. Advance analysis: provide advance descriptive and predictive tools (like forecasting and data mining adapted to each business case).

What is advanced & predictive analytics?

Advanced analytics → data analysis based on mathematical -, statistical formulas and algorithms. Generates new information through patterns recognition and prediction of probabilities.

Predictive analytics  → subset of advanced analytics. Focused on the identification of future events and values with their respective probabilities.

Advanced and predictive analytics is applied in a variety of use cases ranging from sales forecasts to predictive policing. It enables both “optimization” and “innovation”, supports process improvement and provides new business insights. The following tasks can be addressed:

Segmentation: creation of groups based on similarities

Association: identification of the frequency of joint occurrences and, if necessary, the derivation of rules

Classification: for example, of hitherto unclassified elements

Correlation analysis: identification of relationships between element properties

Forecast: derivation of future values

Why advanced & predictive analytics?

The current digital age enables businesses to improve their operational performance and keep a competitive advantage:

Advanced analytics allows better analysis of relationships, future events and integrates actions and assumptions in order to improve the future suggestions

Modern and intuitive user interfaces allows more user groups to acquire insights and make sound – ad hoc decisions in real time

Data democratization for everybody to access data and without gatekeepers that create a bottleneck at the source of the data. The latter requires an good understanding of the data, which facilitates the decision-making and unlocks opportunities for an organization. The goal is to have anybody use data at any time to make decisions with no barriers to access or understanding

Change from data holder to data exploiter to spread and enable more consumers and new insights

Since modern techniques and technologies accelerate and improve decisions and processes along the value chain, now widely available, it is important to carefully evaluate how advanced analytics can be used within your company in order to keep up with the competition.

Advanced analytics Reporting Packages

Standard virtual machine installed in the own data server area, containing a reporting pack at a fix price including:

Accounting and payroll advanced analytics

Identify system, human and process errors:

– System errors from software bugs or integration problems

– Human errors from knowledge lacks, training missed, increased data manipulation and manual data processing

– Process errors from missing documentation, quality control and not monitored support / issue

Audit advanced analytics

– Auditors, both those working internally and externally, can shift from a sample-based model to employ continuous monitoring where much larger data sets are analyzed and verified. The result: less margin of error resulting in more precise recommendations

– Tax accountants to quickly analyze complex taxation questions related to investment scenarios. In turn, investment decisions can be expedited, which allows companies to respond faster to opportunities to beat their competition — and the market — to the punch

These advanced analytics reporting packs enables accounting and marketing who assist, or act as, investment advisors, to identify behavioral patterns in consumers and in the market. These patterns can help businesses build analytic models that, in turn, help them identify investment opportunities and generate higher profit margins

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