While data is essential, the right data is critical. Understand what counts for your business by removing the noise and isolating what matters to your organization with accurate data analytics.
Taking a data-driven approach to business can come with tremendous upside,
however, not every organization is equipped with the right set of tools required to unleash its full potential. Fusion Informatics has an experienced team that is proficient in recognizing trends, testing hypotheses, and drawing conclusions for you to take the right data-backed decisions.
The Analytics Impact
While most of the companies know they need analytics to compete, they haven’t yet tasted the sweet success that can come from these tools.
89%of companies say analyzed data is essential to their organization’s innovation strategy today-HBR
The McKinsey Global Institute estimates data and analytics could create value worth between $9.5 trillion and $15.4 trillion a year if embedded at scale
Gartner predicts that this will change quickly. By 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset and analytics as an essential competency.
By 2022, annual revenue from the global big data and business analytics market is expected to reach 274.3 billion U.S. dollars-Statista
Worldwide spending on big data and business analytics (BDA) solutions is forecast to reach $215.7 billion (€183.643 billion) this year, an increase of 10.1% over 2020-IDC
Analysis Methods
Cluster Analysis
Finding hidden patterns in data by grouping the set of data elements that provide additional context to a trend or dataset.
Cohort Analysis
Using historical data to examine and compare a determined segment, that can further be grouped.
Regression Analysis
Helps to understand each variable's relationship and how they developed in the past to anticipate the future.
Neural Networks
This data-driven analytics can process insights and predict values using intelligent algorithms of machine learning.
Factor Analysis
This method uncovers independent latent variables by specifying variability among observed, correlated variables.
Data Mining
It uses statistical evaluation, to identify dependencies, relations, data patterns, and trends to generate and advance knowledge
Text Analysis
To extract data that is truly relevant for your business, this method can arrange large sets of textual data that are easier to manage.
Our capabilities
Descriptive Analytics
If you are curious to know “What happened” to your business, descriptive data analytics can help you understand and signal if something is wrong or right. It summarizes the information to evaluate the business performance.
Diagnostic Analytics
Under diagnostic analysis, past data is measured against other data to figure out Why it happened”. It gives in-depth insights and diagnoses various problems that are exhibited through data so that you can reduce the losses and optimize your performance.
Predictive Analytics
Predictive analytics helps to understand “What might happen” and is an incredible tool to predict future trends. Technological advancements and machine learning can further help to automate decisions.
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