Analytics is complex – especially when working with large amounts of data that require processing. When data is constantly being generated at a rapid rate it is hard to keep up. You need a way of organising data before the analytics can be effective. The Qlik® Analytics Platform provides this, and then some.
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Data warehousing and predictive analytics have, in many ways, become the future of business development. Empowered to translate stores of business data into intelligible language, able to interpret packaged interactive reporting systems, your company’s internal processes can be streamlined like never before.
Giving your business’ stakeholders access to a wellspring of information provides them with a valuable resource: information that illuminates which business processes should be improved or scrapped based on performance. In this way, unnecessary resource expenditures can be curbed. Your business is likely to already have the data – you just need someone to package it for you.
As a modern business owner, you’re probably no stranger to the flood of data that your business generates – even on a normal working day. Whether it is information relating to the peak sales times of shoes, which foods sells well right before noon at your shop in Rosebank or a log of complex buyer behaviours and patterns, the pace at which data is created and stored is staggering. The dilemma most businesses who have collected these vast amounts of data face, however, is that they often lack the tools to utilise it to its full potential.
South Africa’s economy still has its head above water despite hitting junk status earlier in 2017. Businesses are still hustling to make things happen to empower the people, and in turn, the economy.
Improvement constitutes progression. That which has already been achieved does not become superfluous – it is a foundation. It is necessary. And this notion permeates all areas of change. Escalators never became a replacement for stairs and paperbacks have not faded into insignificance in the wake of the e-book.
Just so, the retail industry is branching out rather than changing lanes entirely. Experience allows one to build on from what and where one started. This can be done – this should be done – by responding and reacting to big data.