Whether your business is a small, single location brick and mortar enterprise or a large, multi-facility organization that spans the global market, you need access to sophisticated, easy-to-use business intelligence tools in order to compete in local, regional and global markets.
Year: 2021
Stay on Track with Business User Access to Key Performance Indicators (KPIs)!
The days of managing a business by opinion or ‘gut feeling’ are long past. Every business has competition – whether local or global or both and the only way to know that the business is performing against objectives and goals and is strategically competitive is to use measurable goals.
Software application development is not just a technical endeavor that requires programming or development skills. There are many other important aspects of software application development. Of course, the team will need the technical experience and skill to complete the development phase, but there are numerous other factors that will contribute to success.
1. A high level Overview on the Use Case :
One of the most effective use-case of data science in Healthcare is to predict medical costs of the patient based upon extensive factors contributing to higher expenditures. Rising medical costs have been a major public health concern hence getting an understanding upon the contributing factors is very crucial. Furthermore, one of the significant aspects of medical cost prediction is to identify the patients at risk to contribute to extensive costs to hospitals leading to effective resource planning. The relationship between patient’s primary medical costs and their characteristics (like age, gender, morbidity, BMI etc.) plays a vital role while investigating whether the healthcare resources are equitably allocated and to make sure that patients in equal needs are supplied with equal amount of medical care. Over and above that, it is very necessary to know how patients’ expected costs varies with respect to the commonly affecting factors.
Does this sound familiar? Your business has a great idea for a software product, maybe even a mobile application, but you aren’t sure how to proceed. Your in-house IT team is well-respected but they are already overwhelmed with projects and ongoing workload and you aren’t sure what skills you will need to employ to adequately address your software product requirements.
The Journey To Citizen Data Scientist Must Include New Workflow And Processes!
Gartner has rightfully predicted the rise of Citizen Data Scientists. Coming from the ranks of business users, Citizen Data Scientists continue to function in their primary roles and fulfill their responsibilities as they take on the tasks of aligning with Digital Transformation initiatives and improving data literacy. Their new role does require that they embrace some new concepts and become comfortable with analytics and with making decisions using augmented analytical tools.
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1. About the Use Case :
Customer churn alternatively referred to as customer attrition indicates that the customer (or user or subscriber etc.) cease to do business with the company or service provider. Higher value of churn suggests that the customer is no longer willing to purchase goods or services from your business. The ability to predict that a particular customer is at a high risk of churning, while there is still time to do something about it, represents a huge additional potential revenue source for any business. Furthermore, it is always more difficult and expensive to acquire a new customer than it is to retain a current paying customer. Being a critical metric in hindering business growth, companies must be aware about its customer churn rate in order to monitor revenue success as well as determine strategies for customer retention.
Help for Software Companies and Web Agencies – You Don’t Have to Go it Alone!
If your business is a software company, developing and managing products for the market, you have a lot on your mind. You have concepts, ideas, projects, customers, suppliers, team members and products to manage. You might be producing mobile applications for the market and those require extra steps and skills to get the job done. If yours is a web agency, you have customers to manage, and a need to strategize, visualize and design with only so many hours in the day and only so many resources to go around!
When a business considers the wisdom and benefit of Digital Transformation, it often thinks first of the cost and the chaos it anticipates and may think that the investment and disruption is not worth the effort. But, the benefits of Digital Transformation cannot be ignored. There are many reasons to consider this type of initiative, and we look at some of those in this article.
