Analyze the unstructured data with our Business Intelligence Consulting Services

With the growth of the business intelligence Consulting Services market, you may choose from a plethora of solutions for accessing, analyzing, and extracting value from raw data. With Gartner forecasting that 70% of enterprises will use metrics to monitor data quality levels by 2022 carefully, it’s unsurprising to see a massive increase in enterprises adopting BI.

Business Intelligence’s Incredible Benefits

Our robust Business Intelligence Consulting Services consultant can assist you in minutes in bringing together complex data and making informed business decisions. Whether you are a global conglomerate, a medium corporation, or an emerging startup, you can use business intelligence to transform data into possibilities. Consider the following some critical benefits of our business intelligence consultancy:

  1. Boost Organizational Productivity

Organizational productivity is sometimes disregarded in the battle to reach and maintain the top in the company. However, with our Business Intelligence Consulting Services, you can achieve all of your quantitative goals and track your organization’s success daily.

  • Recognize internal trends and gain insight into inefficient operations
  • Obtain feedback on your business’s inefficiencies
  1. Enhance Public Access to Critical Information

With huge amounts of data produced every second, it can be difficult to obtain the correct information at the right moment to make a critical business decision. Business intelligence systems include visualization tools that aid in comprehending historical data, real-time updates, projections, and trends.

  • Obtain critical data via dashboards on mobile devices and tablets
  • Gain real-time visibility into critical business data for marketing and sales.
  1. Increase return on investment

When businesses prioritize activities that are not linked with the organization’s goal, they must pay high costs. BI enables you to build metrics and key performance indicators (KPIs) aligned with your organization’s strategy, providing you with the necessary visibility into company performance and ROI.

  • Promote accountability by ensuring that activities and outcomes are consistent with the organization’s strategic objectives.
  • Identify cost-cutting opportunities and boost business efficiency
  • Make smarter supply chain decisions by leveraging the multiple dashboards.
  1. Strategic Decision-Making on Fuel

Making critical business decisions based on intuition is a recipe for disaster; it is best to make them using analytics. BI software enables the easy capture, visualization, and analysis of data through analytic tools.

  • Obtain actionable insights through data analysis from business departments, social media, sales, marketing, and digital activities.
  • Reduce expenses and effort to produce state-of-the-art reports, allowing you to focus on analyzing results and making more lucrative decisions.
  1. Get Rid of Waste

To ensure business success, you must first reduce waste, which does not provide value to the organization. BI systems assist in finding areas of inefficiency, hence assisting you in improving your bottom line.

  • Gain a broader perspective on your company’s data and identify areas of waste
  • Identify the root causes of faults and swiftly eliminate them
  • Maintain an awareness of consumer needs, market fluctuations, and business trends, as well as optimal inventory levels.

Advance your business

The more individuals who have access to the appropriate data at the appropriate time and in the appropriate format, the more value companies derive. Collecting and analyzing data from your company processes might help discover some surprising and significant insights.

Our Business Intelligence Consulting Services enables you to optimize corporate value by transforming every person into a decision-maker. When employees have access to relevant, real-time data, they can make data-driven, informed decisions that positively benefit the company’s bottom line. Increase your business’s efficiency, increase access to critical information, boost your ROI, drive strategic decision-making, minimize waste, anticipate business opportunities, and propel your organization to new, uncharted heights.

Data Analytics Trends: 5 Key trends in 2021

Over the past years, data has exploded and became big. Today everybody is talking about data analytics because of its popularity. Several experts believe that data analytics infrastructure may increase by 5 times by the year 2024. Besides, other technologies have gained immense popularity over the years, such as Machine Learning, Artificial Intelligence, and Business Intelligence.

The Covid-19 pandemic disrupted organizations and forced them to identify key technology trends. Here are the following 5 Key Big Data Analytics Trends for 2021. Data and Analytics leaders must proactively leverage these top trends in data and analytics into mission control investments that will accelerate their potential to make insightful decisions.

  1. Smarter, faster, and scalable AI : This is one of the major trends chosen even by the Gartner data and analytics trends 2021. Artificial Intelligence (AI) is the science of making machines imitate complex human intelligence. He predicts that 75% of enterprises will shift from piloting to operationalizing AI by 2024. The advanced techniques of AI along with Machine Learning are the key factors that are making their way to Business intelligence platforms. The disruptions in AI will enable learning Algorithms such as reinforcement learning, interpretable learning such as explainable AI, and infrastructures like edge computing, and new chips.
  2. More Automated AI, ML, and More of NLP:  Data analytics is continuously evolving. Data modeling and classification will get even more automated in 2021. This will help in deriving more accurate and actionable insights. Businesses are developing from passive reports of the past to proactive analytics with dashboards. This helps them monitor real-time data and give alerts when something is not how it should be. Businesses today have to be one step ahead and so predictive analytics and prescriptive analytics. Over the years, Crafsol team has successfully built highly advanced and customized Machine Learning and Deep Learning solutions. Whether it is automating ML technology for air ticketing, predicting future performance for the Supply chain, or digital transformation for a Mutual Fund Company, we do it all.
  3. Data Security: Data Information Security is a must in 2021.With the privacy regulations coming up especially GDPR in Europe and CCPA in the USA, data privacy has become a norm. The spending on Information Security products and services will increase by 2.4% compared to 2020. The key drivers of global security spending are privacy regulations and the need to address digital business risks. Regular data breaches are another factor for increasing demand for data security products and services.
  4. Data Visualization: As perthe Business Application Research Center, data discovery is listed in the top 2 business intelligence trends. Humans process visual data better, so there is an increase in its impact since last year. Data Visualization has evolved, which is to present data and interact with graphics on a single screen. Whether it is focused on developing sales charts, or interactive reports, data discovery makes data interesting and easy to analyze. The visualizations enable decision-makers to reveal insights, spot trends, and major outliers within minutes.
  5. Collaborative Business Intelligence: With the increase in the competition today, everyone including managers and workers needs to work differently. Therefore, a new business intelligence called Collaborative BI has been rising. In simple language, it is a combination of collaboration tools including social media tools and 2.0 technologies with online BI tools. This is more of a self-service BI as they do not require an IT team to access, interpret and understand data.

The BI tools enable you to set up Business Intelligence alerts or share embedded dashboards with a flexible level of interactivity. The new focus of BI solutions is collaborative information and collaborative decision-making. It will become more connected to greater systems and larger sets of users.

Conclusion

Covid-19 has accelerated digitization and data analytics is the need for the hour in the modern business world. 2021 is moving towards extracting the maximum value from online business intelligence solutions.

Crafsol service in Pune, India has deep expertise in an array of technologies. If you are looking for solutions to next-gen technologies like Business intelligence Consulting services, then connect with us.