Month: September 2022

Predictive Analytics Business Use Cases Ensure Results!

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September 27, 2022

Apply Predictive Analytics to Specific Business Use Cases for Real Results!

Gartner has predicted that, ‘Overall analytics adoption will increase from 35% to 50%, driven by vertical and domain-specific augmented analytics solutions.’ Your business, like every other business in the world, has its own industry, domain and vertical concerns, and these concerns drive your competitive strategy, your products and your services.

Predictive analytics uses sophisticated analytical methodologies to predict future outcomes based on historical data. Using these techniques, the organization can predict future events, customer buying behaviors, and business outcomes. These techniques can help the business drive results, improve revenue, understand customer and client buying behavior, solve problems, plan for new locations and products, create accurate pricing strategies and plan for new resources and training, as well as for appropriate maintenance, supply chain services, etc.

‘Take the guesswork out of the planning process and analyze factors that influence business success. Plan and forecast accurately.’

Predictive Analytics utilizes various techniques including association, correlation, clustering, regression, classification, forecasting and other statistical techniques. These techniques can be targeted to specific business use cases to solve specific, unique business issues and to help the business plan, forecast and compete.

In order to understand how businesses might use assisted predictive modeling and predictive analytics, let’s look at some business use cases and how analytical techniques can help the enterprise derive concise, clear information to support decisions and strategies.

Minimum Viable Products (MVP) Produces Better Business Start-Up Results

Customer Churn

The cost of acquiring and interacting with customers can be expensive and each time a business loses a customer, it must spend money to replace the customer.

Fraud Mitigation

Businesses must mitigate fraud and control business costs and must develop and sustain fraud detection processes to monitor operations.

Quality Control

Businesses must control quality or risk losing customers and market share and exposing the enterprise to legal risk and liability.

Demand Planning

Take the guesswork out of the planning process and analyze factors that influence business success. Plan and forecast accurately.

Product/Service Cross-Selling

Leverage customer satisfaction to cross-sell and upsell products and services and increase revenue and brand loyalty.

Maintenance Management

Focus on equipment maintenance to ensure that downtime is limited and equipment is up and running, anticipate resources, hours on the job and training needs.

Customer Targeting

Identify the reasons customers buy a product or service and use fact-based data to create products, marketing campaigns, ads and customer outreach. Target specific demographics and customers.

Human Resource Attrition

The enterprise must retain team members and to do so, it must understand what makes a team member stay or go, what makes them invest in the future of he business and what issues create issues and dissatisfaction.

Loan Approval

The enterprise must avoid bad loans, so as to enhance profitability and productivity and it must have a dependable process for identifying and attracting the right clients and for reviewing, approving and managing loans.

Marketing Optimization

Create attainable targets and goals with an understanding of what improves and affects sales and how customers choose a product or service, how to market and advertising to achieve objectives.

Predictive Analytics Using External Data

Integrate external data and analyze data to assess the affect on sales, marketing, finances, resources, productivity, etc.

Online Target Marketing

Optimize marketing funds and resources, understand what works and what does not work, and how, when and where to message and the ideal demographic and profile of the target customer.

Student Academic Performance

Predict academic performance of students to effectively manage student interaction and training and improve environment to assure student success.

Crime Type Prediction

Predict the type of crime that is likely to occur to plan for appropriate law enforcement resources, placement and strategies and ensure public safety and appropriate use of funds.

‘Predictive Analytical techniques can be targeted to specific business use cases to solve specific, unique business issues and to help the business plan, forecast and compete.’

Find out how Assisted Predictive Modeling and Augmented Analytics can help your business plan for success, and explore the potential of comprehensive Predictive Analytics here.

Original Post : Predictive Analytics Business Use Cases Ensure Results!

What to Know to Choose the Right Mobile BI Solution!

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September 23, 2022

What Should My Business Consider When Selecting a Mobile BI Solution?

As a business considers the implementation of a BI Tool and access to augmented analytics for its business users, it must define its requirements carefully in order to satisfy its corporate goals and its user needs. In today’s on-the-go work environment, mobile BI and the concept of an augmented analytics app are necessary components of the analytics strategy.

‘Ensure that the Mobile BI solution does not require expensive, extensive customization of dashboards or of the app in order to satisfy your business and user requirements.’

Gartner predicts that, ‘data literacy will become an explicit and necessary driver of business value, demonstrated by its formal inclusion in over 80% of data and analytics strategies and change management programs.’

If the business wishes to encourage data literacy and increase business value, it must carefully select its analytical tools and solutions. In this article, we provide a short list of factors your business should consider when selecting a business intelligence and augmented analytics tool with mobile capabilities.

What You Need to Know Before You Select a Mobile BI Solution

Support for Devices

Be sure your solution provides mobile support for iOS and Android, with a seamless user experience that accommodates all screen sizes and resolutions.

Out-of-the Box Functionality

Ensure that the Mobile BI solution does not require expensive, extensive customization of dashboards or of the app in order to satisfy your business and user requirements. Features and functionality should be out-of-the-box so you can get started right away.

Access to Crucial Features

Some mobile analytics solutions provide restrictive access and provide read-only limitations, or only display pieces of the information from the data sources. Be sure your Mobile BI App provides intuitive dashboards, graphs, key performance indicators (KPIs), PDF reports and natural language processing (NLP) searching all within the mobile app. Users should be able to login, browse and search objects and perform interactive analytics, with access to ‘favorites’ and recently used objects.

Integration with File Formats

Your Augmented Analytics App should allow users to access objects via PDF and XLS and share data via WhatsApp, email or other sharing apps on their device.

Appropriate Security and Access

The Mobile BI solution should provide access rights and security, defined on a server to ensure security and privacy and access at the correct level, given the user credentials.

Mobile Hosting

Your Augmented Analytics App should be flexible and agile enough to host from anywhere within the IT infrastructure – on premises, or via public or private cloud.

Licensing

Be sure the augmented analytics provider is not charging expensive add-ons for the mobile app. If you currently have a license for augmented analytics, the mobile BI app should be an easy add-on, without expensive fees, and should be easy to download and implement and easy for users to adopt and use right away.

‘In today’s on-the-go work environment, mobile BI and the concept of an augmented analytics app are necessary components of the analytics strategy.’

Explore Smarten Mobile Augmented Analytics And Mobile BI and add powerful functionality and access for your business users with out-of-the-box Mobile BI and advanced analytics for every team member in your enterprise. For more information on Mobile BI and Augmented Analytics, read our articles, ‘Considering A Mobile BI App? Understand The WHAT Of Mobile Augmented Analytics Before You Choose’, and ‘The Importance Of Adding A Mobile BI App To An Augmented Analytics Strategy.’

Original Post : What to Know to Choose the Right Mobile BI Solution!

Adding Analytics to Tally ERP Can Improve ROI!

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September 21, 2022

How Can I Improve ROI for Tally ERP? It’s Simple! Add Analytics!

Surveys reveal that the top three vertical industries currently using Tally ERP include Manufacturing, Retail and Real Estate. No matter what your business industry is, if you are using Tally ERP, you want to get the most out of your investment. As with any software solution, IT teams and executives constantly look for the tools that will give them the most benefit and value for the least investment. So, Return on Investment (ROI) is paramount!

‘Using the existing data and data structure within Tally ERP, analytical tools can provide additional insight and value to the organization, to business users, to clients and to the bottom line.’

If you are using Tally ERP, your team members probably depend on it for accounting, inventory, purchasing, sales, and other finance-related and data management activities. Why not add more value to the organization and to the clients and colleagues it serves?

Minimum Viable Products (MVP) Produces Better Business Start-Up Results

Provide Value to the Organization, Users and Clients

Today, Tally ERP provides an integrated data analytics solution with out-of-the-box reporting and tools that are easy enough for every team member, no matter their technical skills. By enabling business users to sign in to Tally ERP and gather and analyze data across modules with clear, concise reporting, the enterprise can make decisions more quickly, add value in making recommendations to business units and, in a practice management environment, to clients, and thereby improve return on investment (ROI) and customer/client and user satisfaction.

Ensure Mobile and In-Office Access for Users

Cloud-based access through the web or a native mobile app provides access from anywhere and allows users to perform tasks, check on transactions in near real-time, and keep workflow going whether they are working remotely, on the road to a client meeting or in the office. Business users can leverage the familiar Tally ERP app without having to learn difficult, complex analytical techniques or new solutions.

Expand Insight and Reporting Capabilities

The key to improving ROI and the value your team delivers lies in combining team member knowledge of their domain and area of expertise with clear, concise data. By going beyond standard, restrictive reporting and enabling analytics, business users can see trends and patterns, problems and opportunities.

Serve All Business Users with Meaningful, Easy-to-Interpret Data

Sales Managers can monitor and manage sales for monthly, quarterly and yearly results and identify trends, top customers etc. Customer service, supplier and other management teams can manage payables and receivables and stay on top of creditors and debtors and can easily analyze the success and trends of products, services and components. Inventory managers can analyze shortages and overages, suppliers, products, shipping and distribution. Tax professionals can manage and anticipate taxes for future periods. Business users can monitor and manage cost center balances. The list is endless and the tools provided allow users to drill down to the ledger and transaction level to better understand what is happening. Reports are interactive and allow team members to slice and dice data across modules by vendor, product, service, cost, sales person, location, customer, inventory, costs, etc. Using the existing data and data structure within Tally ERP, these analytical tools can provide additional insight and value to the organization, to business users, to clients and to the bottom line.

‘The key to improving ROI and the value your team delivers lies in combining team member knowledge of their domain and area of expertise with clear, concise data.’

Find out how the addition of SmartenApps For Tally will support analytical initiatives, improve Return on Investment (ROI) for Tally ERP, and  provide benefits to your users and your enterprise. Users can Download And Register for SmartenApps for Tally and use Tally data to analyze, explore and clarify and to provide insight to clients, colleagues, management and team members.

Original Post : Combine Tally ERP with Analytics and Improve ROI!

Reach Your Mobile App Goals with Hybrid Mobile App Developers!

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September 19, 2022

Hire Hybrid Mobile App Programmers and Build Your Software Team with Confidence!

Statista reports approximately 3.38 million apps in the Google Play Store and 2.22 million apps in the Apple App Store, and an estimated annual revenue of $935 billion dollars for the mobile app market. Certainly impressive statistics! If your organization wants to jump into the market with a consumer app or develop a mobile app for business users, one of the first decisions you will need to make is whether to design for the Android or the Apple market, or to design for both.

Continue reading “Reach Your Mobile App Goals with Hybrid Mobile App Developers!”

Imagine How Citizen Data Scientists Can Help Your Business!

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September 13, 2022

Imagining the Impact of Citizen Data Scientists!

Technology research and analysis firm, Gartner, coined the term, ‘analytic process automation.’ This process ‘converges data science, analytic and process automation into a single platform—which helps companies automate and integrate the way data and business processes come together. Companies can also make data more actionable across the organization.’

‘By providing augmented analytics tools to all business users, with appropriate access and security, each team member has seamless, clear insight into data and can apply analytics to support their roles and responsibilities.’

When an enterprise undertakes a Citizen Data Scientist initiative, it is striving to do just that. In other words, the business wants to make data more actionable across the organization.

In this article, we review the possibilities of the Citizen Data Scientist environment in an effort to help your organization imagine the new business landscape.

Citizen Data Scientists Achieve More Results

Power Users and Champions

With the right augmented analytics tools, designed specifically for business users, team members can leverage analytics, smart data visualization, self-serve data prep and predictive analytics and all of the sophisticated analytical techniques they will need to make fact-based decisions and recommendations. Those team members who are curious about analytics and comfortable sharing knowledge of these technology tools will become power users and champion the democratization of data and data literacy throughout the organization. This cultural shift will take team members out of the ‘wait and see’ environment and avoid guesswork and opinion, and the delays and data gaps that occur when a business user must depend on IT or on data scientists to get detailed, concise reports.

Business Process Streamlining

By enabling personalized dashboards and pushing alerts and reports, businesses processes can be streamlined and users can create dependable processes and actionable data without wading through restrictive reports, or trying to interpret information coming from disparate sources and staff members. Key Performance Indicators (KPIs) provide streamlined, data-based metrics and measurements and keep the team on track.

Collaboration

Augmented Analytics solutions that support business users encourage collaboration and data sharing and allow users to test theories and hypothesize, sharing the results of their research and creating business use cases that can be applied to real-world issues, challenges and opportunities.

Goals and Objectives

By providing augmented analytics tools to all business users, with appropriate access and security, each team member has seamless, clear insight into data and can apply analytics to support their roles and responsibilities. Actions and tasks can be tied to appropriate metrics and to specific goals and objectives to ensure that every team member is working to achieve business goals in a timely, accurate fashion.

‘When an enterprise undertakes a Citizen Data Scientist initiative, it is striving to make data more actionable across the organization.’

Transforming business users into Citizen Data Scientists, provides advantages to the organization, to the business users and to data scientists. With appropriate Citizen Data Scientist Training, the right augmented analytics solution, and organizational planning, the business can provide a solid foundation and build business user confidence by providing an introduction and fundamental information on Predictive Analytics and other tools these users will employ. The business should also consider engaging an IT consulting partner with knowledge of the augmented analytics market, and a solution and support services to provide the guidance and Products And Services your business will need to succeed.

Original Post : Imagine How Citizen Data Scientists Can Help Your Business!

Hire PHP Programmers and Build Your Software Team!

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September 12, 2022

Hire PHP Programmers with the Right Skills and Ensure Project Success!

Recent research of server-side programming languages reveals impressive popularity of PHP for both high and low-traffic sites, making PHP an excellent choice for your new site or app. If you are considering a PHP project, your business might wish to hire PHP programmers with expertise and skills in completing this type of project.

Continue reading “Hire PHP Programmers and Build Your Software Team!”

Mr. Ashwin Prajapati – Symphon

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September 8, 2022

Smarten is an easy to use, affordable and powerful BI tool.

It is extremely robust and has helped our team eliminate data redundancy, which is common when using an excel spreadsheet.
It also helped us in collaborating the data from various sources into a single place, giving us interesting and useful insights which in turn helped in making decisions pertaining to increasing our service quality as well as sales.
We now have a single version of analytics for every one in the team.
It has also got N number of visualizations with easy data interactivity options.
With the features like NLP (Clickless Analytics) and Assistive predictive modelling, Smarten is a complete package tool for anyone looking for data analytics integration into their system.
It is also available as Mobile App so it is very easy to have dashboards and reports on the fingertips.

Can Democratizing BI Use Help My Team?

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September 7, 2022

Why is Business Intelligence Democratization Important for My Business?

Gartner research reveals that, ‘80% of organizations seeking to scale digital business will fail because they do not take a modern approach to data and analytics governance.’

If you are considering democratizing business intelligence gathering and analytics, you are not alone! Businesses today face more competition from local and global markets and every team member must work quickly and accurately in support of goals and objectives if the enterprise is to achieve its goals.

‘When senior executives and managers have reliable information and dependable recommendations and suggestions, they can improve performance and accuracy in forecasting, planning and demand.’

In this article, we discuss a few of the reasons a business should consider democratizing business intelligence and analytics within its team and how this type of initiative can be implemented to help your enterprise succeed.

Should I Democratize Business Intelligence in My Business?

Working Smarter

When you provide BI tools to your business users, you democratize data and begin to build a better understanding of the root cause of problems, the opportunities the business can leverage and the way forward to solving problems and creating business success. Team members can work smarter, with quick, concise access, and insight into data via self-serve solutions that streamline and simplify the typically complex analytical process and allow every team member to perform the analysis and, more importantly, to understand what the results are telling them.

Focusing on Core Responsibilities

When you democratize business intelligence and analytics with augmented analytics tools, IT team members, data scientists and business analysts can focus on strategic goals and on initiatives where data must be 100% accurate. Team members can use BI tools on a daily basis to test theories and gather and analyze information to support activities and tasks, collaborate with others and move forward, so EVERYONE can focus on their own roles and core responsibilities.

Supporting the Greater Good

When senior executives and managers have reliable information and dependable recommendations and suggestions, they can improve performance and accuracy in forecasting, planning and demand. Team leaders, business unit managers and others can realize long-term benefits and count on the fact that all team members are working with the right information, that information and analysis is based on current, integrated data and on measurable results. The organization can shift to a results-based environment where problems are analyzed and resolved and opportunities are leveraged to the greatest extent possible, so the enterprise can create an environment of continuous improvement.

Creating a Common Language

When all team members are using business intelligence to test theories and hypothesize, to solve problems and get to the root of a problem, to identify those all-important ‘nuggets’ of information that make a competitive difference, managers and executives can feel confident that the team is speaking a common language and that every team members knows how to find a problem, how to explain that problem and how to dependable recommendations to solve that problem.

‘Businesses should consider democratizing business intelligence and analytics within teams to help the enterprise succeed.’

Business Intelligence tools can support data democratization and improve your business results. If your business understands the challenges of implementing a business intelligence solution and adequately plans for implementation and user adoption, it can leverage the benefits of these tools and solutions and ensure success. Let us help you achieve your vision and improve productivity and insight across the organization.

Original Post : Should I Democratize Business Intelligence in My Business?

Make Analytics Easy with NLP Search Capability!

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September 5, 2022

NLP Search Capability Assures User Adoption of Augmented Analytics!

Gartner predicts that, ‘50% of analytical queries will be generated via search, NLP or voice, or will be automatically generated.’ If your business is considering democratizing data and rolling out analytical capabilities to team members within the organization, you will want to plan for an augmented analytics solution that is designed for, and can be used by, all team members – even those with limited technology skills.

‘The benefits of augmented analytics using NLP enable swift, easy searching and allows business users to create context-rich searches that provide in-depth information and concise results.’

By incorporating natural language processing (NLP) and NLP search capabilities within its features and functionality, business users can gather data, integrated from disparate systems and solutions and use that data to prepare and analyze and to achieve swift, accurate results for decision-making.

Natural Language Processing Search Capability for Your Team

Meet User Expectations

Business team members use technology outside the walls of the business. Every business user is accustomed to simple search techniques, ala Google. Ask a question, get a list of results with worry-free dependability. Augmented Analytics solutions using NLP search capabilities ensure that users can gather and analyze data and get results quickly, all by using familiar search techniques. Natural Language Processing Search Analytics (NLP) is a crucial component of search analytics and smart data discovery today. NLP search allows business users to create complex searches without endless clicks and complex navigation and commands. Using this type of search analytics, users can access and view clear, concise answers and analysis quickly and easily. Advanced analytics with Natural Language Processing (NLP) provides a familiar Google-type interface where a user can compose and enter a question using common human language. Augmented Analytics that leverages machine learning and natural language processing (NLP), is designed as a self-serve environment that is easy enough for every business user resulting in increased user adoption, improved data democratization, and return on investment (ROI).

Simplify Search and Analysis

NLP search technology simplifies the user experience and the process of building analytics and achieving results. A business user might ask, ‘who sold the most bakery products in 2017 in the Southwest region?’ It’s that simple! With natural language-processing-based search capability, users can avoid scrolling through menus and navigation and simply enter a search query in natural language. The system will translate the query, and return the results in natural language in an appropriate form, such as visualization, tables, numbers or descriptions. Clickless Analytics democratizes advanced analytics so business users can enjoy the benefits of analytics and data democratization and can improve data literacy and fact-based decision-making using natural language searches. No advanced training is required.

The benefits of augmented analytics using natural language processing (NLP) enable swift, easy searching and allows business users to create context-rich searches that provide in-depth information and concise results and can be used to solve problems, identify opportunities, spot trends and patterns and present data and recommendations – all without extensive training or skills.

‘Incorporate NLP search capabilities within augmented analytics and gather data, integrated from disparate systems and solutions. Use that data to prepare and analyze and to achieve swift, accurate results for decision-making.’

Explore the advantages of Natural Language Processing and NLP Search Analytics.  Let us help you implement a solution that will be suitable for your team members and your business results.  

Original Post : Make Analytics Easy with NLP Search Capability!

Plan for and Execute Digital Transformation and Succeed!

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September 2, 2022

Digital Transformation Requires Planning, But You Can Start Small!

International Data Corporation (IDC) says, ‘89% of enterprises are planning to adopt or have already adopted a digital business strategy.’ The concept of Digital Transformation involves the adoption of digital technology to improve efficiency, value or innovation.

Continue reading “Plan for and Execute Digital Transformation and Succeed!”