Understanding different types of Analytics

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Are you uncertain what analytics to perform for your business?


Fret not, we are here to help!


Many of our clients using Enterprise Resource Planning in short, ERP software or any cloud program such as Accounting cloud software capture data differently and may not be suitable to your business. This Data may not be useful if they don’t provide you the information that you want. There are many ERP tools out there promising you with specific analytical function for your business and in fact they are not specialized in handling the complexity and dynamics of your Data which is why sometimes either your data do not make any sense or you do not understand the data that is being captured.

Data is a valuable resource to your company in making the right decision at the right time giving you the edge among your competitors. Data should be aiding you instead of harming you wasting your time, effort and resources. Many big company have specialized department for Data analyst focusing on getting the precise information needed for each department. Depending on your business, such information enable you to do:

  • Descriptive Analytics.
  • Predictive Analytics.
  • Prescriptive Analytics.
  • Diagnostic Analytics

 

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