Data Crunching Beyond Business Intelligence
The business world is changing. Many world brands, some of which you admire have come up with an analytics directive to counter the complexity of data now.
We owe a lot to this directive, which has made a resolve to handle copious data by making descriptive analytics improved. It brings on the kind of sophistication business intelligence needs to have to counter the array of analytics. This move from descriptive analytics to predictive analytics makes data crunching the insight your business needs for making decisions.
What is Data Crunching?
Data crunching is diverse but simply put; it refers to the term used to cover data analysis to make it resourceful for decision-making. For instance from a nonprofessional’s point of view, a company which has 10,000 visitors per day is a quite impressive feat. For the company however, as much as these figures are impressive they do not say what the company should do to keep its customers, descriptive analytics.
Data crunching takes its toll when the company takes the incentive to make out what the figures stand for. By looking at casual visitors, identifying those who are looking for jobs, those looking for product information or business partnerships, the company is taking a step towards being analytically predictive with more a flare of proactive insights.
Knowing what these numbers stand for will help the business make decisions that are more informed. If first off it decides to sell directly to its customers, it will do so with a certain figure in mind, just the ones who scamper for the company’s product information.
Data crunching is informed analysis coupled by good decision-making.
Proactive Insight and the value of good decision-making
Proactive insights is the threshold of making informed decisions with the insights that you feel matter. Good decisions in a day-to-day’s work equal profitability and to make it work it needs proper prioritization of a day’s work.
Proactive insights pay up eventually because a good decision is equivalent to one cent. If you think, it is all fluff, look at the scenario of insights without analyses. Normally good decisions are made based on data. If you refute all this and start to proactively push for instant action and rush recommendations to increase revenue, you will end up losing your customer loyalty as well as overall profit.
Proactive Insights and Analytics at the helm of Business Intelligence
There is a close affiliation between analytics and proactive insights. These two are at the helm of business intelligence as they make up majorly progress reports or dashboards. For you to grow your brand you need a thinking team and that is why proactive analytics are developed.
Right decisions is a key performance indicators but its sourcing should be from data. The move from descriptive analytics to predictive analytics will also scale up your business. Adopting predictive analytics will help you make pre-informed decisions about the future so your team can take risks.
Through this, you can make recommendations and one important tool you can use is the Minubo Heartbeat. It will inform your team about the risks an how to proactively acquire advantage over them.
The now business world is more about making informed decisions and infusing proactive insights. Getting in on analytics and not only relying on dashboards will grow your business because you will have both an abstract of the condition presently and what’s yet to come; less time on data crunching and more informed insight.