How Big Data Analytics Can Bring Value To Your Business
With data analysis a business can analyse a company credit report, make decisions on customer trends and behaviour prediction, increasing business profitability and drive effective decision-making.
Big data analytics helps organizations take control of their data and use it to identify new opportunities. As a result, it will enhance smarter business moves, more efficient operations, higher profits and happier customers.
Data analytics focuses on collating and analyzing data to find patterns and trends, draw insights and conclusions, and answer specific questions, like “What products do customers patronize the most?”. It is also referred to as data science, data mining, and big data analytics.
Here are 3 ways in how your data can provide value:
Cost reduction. Big data technologies such as PXP business intelligence platform can bring significant cost advantages when it comes to storing large amounts of data – plus they can identify more efficient ways of doing business.
Faster, better decision making. With the speed of PXP and in-built data visualisation tools, combined with the ability to analyse new sources of data, businesses are able to study information immediately – and make decisions based on what they’ve learned.
New products and services. With the ability to gauge customer needs and satisfaction through analytics comes the power to give customers what they want. Davenport points out that with big data analytics, more companies are creating new products to meet customers’ needs.
PXP Data Analytics
The Populous World XBRL platform (PXP) offers business intelligence solutions, and provides an easier understanding of data visualisation, accelerates a business’s growth and achieve longevity, by using advanced big data processing technologies effectively.
>>Does your organisation need big data analytics tools to make faster, intelligent decisions?<<
With PXP you can make your data easier to understand, simpler to communicate, and much more useful. You can create a company credit report containing company financial accounts and information – this includes a company credit score, built with multiple financial and non-financial datasets that take into account a company’s financial strength