Many organizations have already jumped into the pool of analytics. Some are great swimmers; others could use some coaching. This is not just true about companies, but about departments within a company.Assessing your existing and planned analytic capabilities is essential in making the right choices. Your solution provider must understand your business well enough to know how analytics will achieve success.Version IT analytics portfolio is unmatched. We have the know-how and industry experience to effectively apply analytics to your situation.
Also known as Business Intelligence, reporting focuses on the question – What Happened?Although often seen as lower level analytics it is essential for an organization to understand themselves. In addition, higher level analytics cannot be conducted if the underlying data cannot be trusted. Data issues that are detected are fixed as an integral part of building a reporting capability.
Version IT Analytics team has the deep experience and professional expertise in the techniques required to successfully implement comprehensive reporting.Some key techniques include:
Reporting provides insight into what happened. Analyzing the data brings insight into how and why things happened. The analysis utilizes many statistical methods, such as clustering, regression and sensitivity, to understand the relationships between data and to learn something new. Other techniques include:
Nothing is static and that is why it so important that your analytic capabilities can learn and adopt as things change. This never ending cycle of optimization is the essence of Predictive Analytics – What is likely to happen? Learning is a growing spectrum where there has been explosive growth in analytic capabilities thanks to the abundance of data, cheap storage and increasing processing power. This includes advances in artificial intelligence. Techniques here provide the best solutions to many problems in image recognition, speech recognition, and natural language processing.
After the data itself, the most important aspect of any analytics activity is the ability to take action. Analytic insight is not valuable if you cannot or do not take action with it. Action to Insight is where all organizations want to be – to enjoy a state of information superiority.