Rather than “going with gut" when managing inventory, pricing products & solutions, or hiring talent, adopting analytics and systematic statistical reasoning to make decisions helps you achieve efficiency, reduce risk, and improve profitability.
Analytics-driven from the data you already collect could make your job easier. How? By extracting trends, patterns, and actionable insights from historical data.
Benefits of consumer patterns
McKinsey’s research states that organizations that are brilliantly using their consumer behavior insights are leaving behind their peers as they tend to overtake by nearly 85 % in sales margin and by more than 25 percent in gross margins, and still growing. The research prompts organizations to consider consumer information’s strategic importance for developing the business.
Driving performance through data
Data and analytics play a significant role in reducing incompetence to streamline business operations, product innovation, operational excellence, and workforce planning. Analytics produce calculated insights for solving complex and challenging business situations by measuring key performance metrics across areas.
Generally, employees hired for their expertise with numbers or trained to recognize its importance are equipped with the best evidence and the best quantitative tools. Consequently, they make the best decisions states Harvard business review.
Power BI capabilities
Power BI is an excellent and robust business intelligence tool. It is for keeps in the world of data visualization for a long time now. It assists scores of data sources in connecting instantly through comprehensive reports by instilling life in the data.
For 13 consecutive years, Gartner has recognized Microsoft as a Magic Quadrant Leader in analytics and business intelligence platforms.
The Total Economical Impact of Microsoft Power BI: Organizations created data-driven cultures and saw a three-year 366% return on investment with business intelligence through Microsoft Power BI.
Benefits of Power BI you can easily understand
There are many more benefits, contact us to know more about POWER BI, and how it can digitally transform your data to drive your decisions.