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Is your business experiencing any of the following?
It’s all bad news, but it happens to every company at some point. The key to improving is knowing what to do about it. Data analytics might hold the answer.
Data analytics will help you understand the inner-workings of your business and give you the information you need to make important decisions. But it’s not just about data; it’s about transforming your data into useful knowledge.
Once you’re asking the right questions, the data will be there to provide answers. Data analytics will help you understand and improve just about every aspect of your business, from operations to sales to customer support. Where is your business losing money today?
We’ll start with a free consultation to uncover your software needs and help you determine if a custom application is the right fit for you.
The possibilities for applying data analytics in your business are endless. Here are a few common use cases our data analytics consulting team has implemented.
Allow your data to tell a story about your short and long term issues while unlocking hidden sources of efficiency and profits.
Ensure that your data is of the highest quality and accurate while creating critical planning tools for organizational growth.
Go beyond the pie chart and histogram with next-level data presentation that’s always up-to-date.
Calculate Customer Lifetime Value (LTV) and gain crucial insights about customer loyalty, segmentation, and behavior.
To reap the many benefits of data analytics, businesses need to build their own data analytics strategy with their unique goals and business structure in mind. A data analytics consulting team can get the most out of your data.
Align data points and processes within your organization.
Data must represent realistic scenarios, document real problems, and visualize business opportunities in one view.
Ask specific questions, then let your data tell you specific answers.
Don’t look for blockbusters. Focus on incremental improvements with compound gains across each part of your business.
Use OODA (Observe, Orient, Decide, and Act) for structured and effective data analysis in order to deliver realtime, engaging analytics with the highest adoption and collaboration rates.
Your data should be easy to access and view across departments as well as a pleasure to navigate across all devices in order to facilitate data driven conversations.
RTS Labs can gather data from disparate sources, do thorough quality checks, mine and analyze data to find patterns, and develop meaningful metrics that drive business and marketing strategies.
RTS Labs takes a look at three specific ways to apply big data to healthcare delivery and the customer service that medical organizations are using right now.
7 real-life examples of how business intelligence can transform a business
Data analytics is the process of examining raw data to draw conclusions about business processes.
This process is used across industries to identify patterns and make informed decisions to improve business practices. Data can be collected from a variety of sources and migrated to a centralized location, so stakeholders are able to have a holistic view of all the gathered information. Though most business leaders know that data analytics is important, it can be challenging to hire in-house data experts.
When approaching data at scale, it can be more a more seamless process to work with a data analytics consulting company who has proven experience of delivering results.
Each industry and organization has different needs to make processes more efficient, products more exciting and customers more engaged. Business analytics help organizations reach for their goals by identifying patterns within the data.
Depending on the goals of the organization, consultants can work with company to determine which type of analytics will maximize their performance.
Descriptive analytics, diagnostic analytics, predictive analytics and prescriptive analytics all have their place in the workplace. They all work together to tell stories and help leaders make informed decisions.
Though data science and data analytics are often used interchangeably, it is important to understand the difference between the two.
Data science is an umbrella term that refers to a number of data-related processes, including data analytics. Data science is used more broadly to refer to machine learning, data mining and other ways to explore big data. Data analytics is a more specific way of approaching data.
Analytics is tied to answering specific questions in order to produce actionable business insights.
A data analytics consultation can look like how you want it. Analytics consulting companies are knowledgeable in the entire process of data collection, cleaning, analysis and presentation.
Businesses look to data analytics consulting services for support with everything from technical knowledge of physical hardware to research methodology and visualization. Whether you need support in migrating data or implementing a systematic approach to data throughout your organization, business analytics consultants can support you to meet your goals.
The first step is reaching out to a data analytics firm to start the conversation. A data analytics consulting firm will then work with you to create your own data strategy and roadmap.
To put it simply, every industry can use business analytics consulting. Without data, decisions will be made based on guessing. Guesses do not out win competitors.
A data analytics consulting company can work with a variety of sectors —healthcare, finance, eCommerce, retail, logistics, HR management, non-profit and more.
Though these organizations can build in-house data analytics resources, finding the talent with the right expertise and tools can prove difficult. That’s why data analytics consulting services are valuable. An analytics consulting company already has the talent and resources needed to access and understand valuable data.
Our data analytics consulting services team is a hard working and experienced group of data experts who will get the job done. We pride ourselves on our company culture based on CTL+BE — community, transparency, learning, builders, and excellence. We work hard to earn your respect by getting excellent work done efficiently.
We’ll help identify your biggest tech wins. The call is free, no sales.
Let’s start with a call to discuss how to improve your technology, and where you’ll see the biggest wins. No obligation, no selling.
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