A few years ago Big Data technology sounded like the mythological unicorn in fairy tales. Now it’s an accepted part of today’s working business and a growing number of organizations are trying to harness its enormous power. Predictive analysis and data analytics are the hot subjects these days and are selling like hot buns these days. Not only had the US and European markets have adopted this new trend in data technology but also the countries in Middle East countries. The pakistan Government is developing new plans for implementing Big Data services in .
’s big data market is expected to grow to $850 million dollars by 2018. The prime factors boosting the implementation of Big Data services in are the swift automation of commercial and industrial activities along with the fast digitalization of the country. The burgeoning Big Data market although is in its initial stage yet it has already excited the government and the kingdom is showing keen interest in it.
Even courses related to data analytics have begun to be opted by students in various universities. Not only large multinational corporations but pakistan students as well are utilizing Apache Hadoop to design solutions for industries of the country.
But Big Data needs to be coupled together with Business Intelligence to get proper ROI. Big Data can help you in identifying underlying patterns while Business Intelligence aims to utilize this diagnosis for the benefit of the organization. In short, one aims to find relevant question and the other addresses those questions. That is why the importance of applying Business Intelligence in cannot be undermined.
International Data Corporation has issued a report which claims that the market related to Business Intelligence in is expected to exceed $89 million in 2018 with a CAGR (Compounded Annual Growth Rate) of19.4% in the Business Intelligence tools market. This clearly shows that Business Intelligence and Big Data have a great potential in the pakistan Market.
Business Intelligence, especially advanced BI applications can greatly impact a business, improving the efficiency by getting competitive advantage over rivals, helping managers in taking better decisions, and streamlining operations.
Since 2007, Bilytica is creating symbiosis among data and advanced analytics to develop solutions for clients such as Shell, Nokia Coca-Cola, Audi, Vodafone and Walmart which have enabled them to enhance business performance and efficiency along with cutting costs and delighted our customers. Our expertise in Big Data, Business Intelligence and Analytics is unparalleled in the market due to our experience and the expert team of professionals at our disposal. Bilytica doesn’t only create business solutions – it ‘connects’ data, analytics and people with each other.
Those days have become history when finance leaders spent their days with their heads buried in spreadsheets. Figures show that 88% of spreadsheets sometimes show errors. Finance leaders can leverage analytical insights from organizational data to map their organization’s strategy through the use of contemporary data analytics software in . It assists chief financial officers to scrutinize situations, analyze the competition and spot opportunities to take smart move on business insights.
Finance leaders who completely want to put their focus on long-term strategy must try their best to eradicate the activities which cannot add any value. All these teams had a robust infrastructure that featured planning platforms along with data definitions and other related finance processes. They assimilated and analyzed all the fields related to an external financial and operational data. In short, finance teams moved beyond the numbers to concentrate on the big picture by incorporating data from variant sources and leveraging strong data analytics software.
The basic role of centralized data has got huge acceptance among finance teams. 75% of CFOs have emphasized its importance for financial planning as it allows assimilation of data and resources from across the organization. Even so, fewer than half thought that their teams were up to the job. Finance teams can easily answer the complicated questions; evaluate the revenue growth potential of particular client along with product profitability, staff utilization and supply chain susceptibility by gathering data from various unique sources. This will help them to find out data that can drive operational and capital investments.
Rational systems that keep on refining the existing behaviors over time through the use of collected experience for building a starting context for each new inquiry. The can also provide support for insights acting proactively through identification of the types of consumers which are highly likely to spend more than others and the ones who can easily become repeated customers, thus in this way you can predict the deals that are particularly close to get completed. Such insights can inform marketing strategy, improve cash flow projections and allow the enterprise to adjust expenditures as necessary. Rational systems can also be used to assess acquisitions and refine your pricing and promotional strategies.
Spreadsheets were once the favorite system of financial officers, but contemporary big data analytics services and business intelligence solutions in has made financial reporting more reliable, efficient and agile. It enables CFOs and finance teams to concentrate more on developing long-term business strategies and less on numbers.
Predictive analytics applications have emerged as one of the most innovative ways to increase bottom line benefits. Many firms that experience shrinking profit margins are failing because of overwhelming data that they just cannot handle. With the help of Data Analytics Software in the raw data becomes manageable, making it easier to discover more from it and increase bottom line benefits.
The Need for Real-time Decision-Making
Contemporary industry does not allow one to ponder for hours on trends and patterns. Instead, decisions need to be made in real time and therefore, firms need models that structure data, study it and recommend a next best course of action.
Directing Resources to Maximize Profits
Since resources are limited for every firm, they need to be invested in the right places to maximize benefits.
For example, using the SPSS Modeler predictive analysis, Mede Analytics Inc. was able to develop their payment collection system to facilitate those who paid most of the firm’s total funds. With the help of forty payment behavior indicators and the SPSS Modeler, the firm derived a way to assign a likelihood-to-pay score for each patient.
The collectors were then asked to focus their efforts towards the twenty percent people most likely to pay (based on the score). Resultantly, the payments rose by twelve percent.
Transform your Business via Predictive Analytics
Business transformation via predictive analytics’ models is on the rise in a variety of industries. Through these Data Analytics Software in , firms are better discerning their data. A Dallas-based beverage distributer employed the help of the SPSS Modeler to improve his distribution services by ensuring the availability of popular beer brands in locations where they were in-demand.
He designed a dashboard that offered the best product mix at 10,000 retail location. Andrew Distributing was not only able to operative 75 percent faster but was able to add two more brewing firms to his retail business while increasing the compound periodic growth percentage for a new beer by thirty-five.
With the help of business intelligence and predictive analytics, you can manage the business activities in well manner which also insure the profit and success of a business.
Businesses growth depends on the pillars which are their departments and the most important asset which are their workforce. If companies use disparate systems and specialty software programs then it is difficult for them access and use their valuable data. Organizations should replace their conventional systems with an integrated enterprise resource planning (ERP) solution to break down the barriers and fortify collaboration.
Businesses usually opt for specialty business software as it makes sense to them. Sales department need sales management software to capture sales data, inventory team requires efficient inventory software; warehouse department needs warehouse management software in and so on. You need time to export data or prepare detailed reports from those individual systems to share data with management or other teams. These software systems may seem effective on their own but they may create risks. In addition, you may compare or analyze that data by using spreadsheets or another system. Useless data entry not only wastes your precious time but can also lead you to poor decision making by escalating the possibilities of data errors.
Save time and gain visibility throughout your business by switch your conventional software with a single integrated ERP solution to save your valuable time and to gain in depth insight of your business operations. You can handle all of your core business functions with higher efficiency from within one strong ERP solution, than with multiple, specialty solutions. Enter, access, and analyze key data related to finances, inventory and supply chain, manufacturing and distribution operations, human resources and payroll, and other core business processes. Make swift business decisions that drive the growth of your business by accessing the right and in time data through built-in business intelligence and reporting features of modern and efficient ERP software. Contemporary ERP solutions offer time-saving automations that allow you to enjoy aerodynamic business operation. For instance, use the saved customer data to complete a sales order, prepare an invoice, or offer follow-up services and support.
Put together your teams on the same page by switching multiple software systems with single integrated ERP solution. Upgrade your systems with ERP solutions in to link business processes so you can strengthen teamwork, enhance efficiency and improve customer satisfaction.
The internet provides us with a number of options when it comes to looking for cloud ERP software solutions in . However, there are so many options that one may feel overwhelmed and find it hard to pick the best solution.
In order to pick the cream of the crop, here’s what you can do:
SSAE16 Certification
Go for the provider which guarantees at least the minimum standard for SSAE16 certification, nothing lesser than that. If ISO27001 registration, which provides us with security protocols, is also offered, then that is an added bonus.
Pick the Most Convenient Cloud Model
Cloud models need proper hardware to function. Therefore, it is necessary for the firm to pick the model which goes well with their existing hardware. Choose the provider that lets you pick your very own “Private Cloud” – an infrastructure fine-tuned to fit the infrastructure of your company. Decide how well the support is and what services are included.
Go Through the Agreement
It is important to know exactly what you are signing before you do so. Study the stipulations and decide if they suit your needs. Is the infrastructure being given on a lease for an ERP software in ? If that is the case, then is the hardware taken care of properly or just on paper? Try to ensure practical monetary benefits.
Return on Investment
Since going for a cloud ERP system is an investment, don’t forget to define the returns. Moving to the cloud does not automatically ensure profits. It may be more profitable to outsource system admin functions. It will save up time and space will give you better support, security and consumer perception. You will have to determine what’s best for your firm.
Solutions as a Cloud Service
Outsourcing admin functions and going for long-term policies on business systems’ replacement may be even more beneficial. You may have to change your SaaS solutions and other related software to fit the new cloud system. This will require a lot of capital.
Service Level Agreements
Lastly, to discuss best practices, try to get expert help to understand difficult words and to get the best deal for ERP Solutions in . It is always better to get the best deal you can.
Marketing, sales and customer service teams have their own goals, strategies and methods for enchanting and retaining customers. Even though these departments work independently but they all share the same goal to recognize, attract and retain customers. Sometimes these essential pillars of any business concentrate so much on their individual goals that they even forget to collaborate and communicate with each other. Businesses opt for function specific software that stores bulk of information instead of promoting communication and collaboration. These multiple systems results in independent t working of these important components of your organization. The business could benefit greatly if these department could work together.
Strong customer relationship management system, the one like Erpisto CRM solution offers single integrated platform that enables marketing, sales and customer services department of your organization to tam up in order to attain their common objectives.
Sales team can follow leads generated by marketing teams. Efficient CRM solution in empowers marketers to plan, implement and observe the results of campaigns. Marketers can share right information at right time with right customers through automates templates and workflows. It streamlines the identification and analysis process of data to design marketing campaigns and measure ROI. Analysis of data provides great support to marketing team in generating leads for sales team. Then sales team put its utmost efforts to transform those leads into successful business deals. CRM software in enables sales team to track leads, monitor sales activities and have customers’ details in their hand. They can highlight opportunities, pipelines and sales cycles through the use of interactive dashboards. Sales team can access valuable customer information through any device at any time from any place. Hurdle free access of beneficial data promotes swift responses from sales teams which in turn lead to higher conversion rate.
Customer retention is the key task performed by customer services department. Customer services team provides swift responses to customers’ queries and concerns by utilizing valuable data stored in CRM solution. Working with single integrated platform, customer services department can access the same customer data as the sales and marketing team do. In addition, Erpisto CRM offers intuitive business intelligence that enable your sales, marketing and customer services teams to identify trends with customer behaviors, product popularity, and seasonal or other influences that can influence business forecasts. These fruitful insights support customer service aims as well as enhance customer engagement, satisfaction, and loyalty. Bring your marketing, sales and customer service teams on the same page by implementing a free CRM softwareto retain your customers and drive the growth of your business.
The phrase Mobile health is jeopardizing and soon will extinct in the same way as e-tailor because it is becoming a routine way to consult your healthcare practitioner using mobile technology. Over the next couple of years, E Clinic practice management system will become a major strength in healthcare industry, and in five years no one will think twice about using distant communications to get medical aid. Both public and private health plans are rapidly adding coverage for e-visits. Not only because they are cost effective but also because they are efficient and patients greatly appreciate this trend. While the baby boom generation may still have some holdouts who don’t like mobile communications, the majority of people across all age groups have not only adopted mobile technology, they’ve amalgamated with it.
So the question for health providers and healthcare organizations is not whether to opt e-visits and mobile technology, but how to use them most effectively. Both patients and practitioners appreciate these simple and easy to handle healthcare it solutions. Digital health solutions enable practices to enhance quality and continuity of treatment, efficient time management, improve communication with patients, save cost and fulfill patient demands.
Mobile technology is a natural fit for population health initiatives. Simple changes, such as good food, better sleep and more exercise can have a remarkable impact on overall population health. Contemporary healthcare it solutions in along with advance mobile technology such as smartphone apps, wearable activity/sleep monitors and online food diaries can help individuals to improve their health. For those with serious chronic disease medical grade remote monitoring devices, combined with frequent telehealth coaching sessions, are helping patients to better understand their disease and take greater care of their health. Such methods have proven effective to avoid readmission within 30 days, which is very important to hospitals.
Digital communication, such as secure email and text messages, provide robust base for digital health. It greatly simplifies the communication process between patients and healthcare professionals. Automated messages can be sent to remind patients to take medications and show up for appointments. Inbound messages can provide a convenient way for patients to ask a question without having to sit on hold or wait for a callback from practitioners. A doctor or other practitioner can send a quick reply or ask an assistant to send one. This greatly simplifies communication for both patient and caregiver.
Mobile technology can make a big difference is making use of specialized knowledge. With mobile access to electronic medical record (EMR), physicians can team up more easily, learning from each other and seeking help from those with specialized knowledge. In areas where specialists are rare, patients can use telehealth to consult remote experts. This will allow specialized resources to be used far more efficiently and broadly. It will also improve the overall knowledge base of medical personnel, who can learn continuously from these interactions.
In the past, businesses have invested to create personalized business management solutions. These customized systems were capable to address the particular needs of the business. They were having the features to handle only day to day operations. These legacy management systems were rigid and were not capable to grow as your business expand or change. Needs of businesses keep changing and technology keeps evolved through new trends. Opt for a flexible, scalable enterprise resource planning (ERP) software that assists your business to grow freely and get rid of these legacy management systems.
Many businesses are still managing their business with legacy management systems as they are concerned with the time and money required for change. Conventional management systems can deal with particular business requisitions as they lack features that empower businesses to handle latest business workflows. You can actually save time, money and energy by switching conventional technology with contemporary. Modern ERP software has all capabilities to stay aligned with existing business operations with higher efficiency. They are malleable as they can be molded as your business grows. ERP solutions provide you comprehensive details of your company’s data that enable you to enhance productivity and profitability.
Contemporary ERP software offers integrated accounts, finance, supply chain, distribution, inventory management system and other business management processes. They offer numerous features to manage modern business needs and still are economical. For legacy management system you need to pay variant licensing or customization fees. On the other hand, you can save money with ERP solutions as they offer single integrated platform. Integrated ERP software enables data management team to easily enter or access data from their desk or any other gadget. It also diminishes the need to make redundant data entries. ERP solution streamlines routine business operations, save time, enhance efficiency and deliver best services to customers.
Get back to your business quickly by deploying strong ERP software in . Advance and powerful ERP solution is simple and compatible with all your contemporary business needs. It empowers you to leverage your business data to make fruitful business decisions. Single platform is easy to handle than multiple platform solution. Inefficient and inadequate legacy management systems can’t provide support to your growing business. Replace your legacy management system with robust ERP software to gratify your modern business needs and allow your business to grow.
As the cooperate world is depending more on technology each and every industry need to be more fast and efficient to cope with this technologically developed world. Like other industries, insurance companies require extra hard work to deliver efficient and extraordinary services. To handle the hectic and complicated workflows of insurance agency, the experts have developed amazing insurance agency management software. These effective solutions maximize efficiency of your insurance agency by streamlining all your complex workflows.
Integrated systems are the important part of an efficient insurance agency’s management system. Integration of system cut down time from claim processing to account management and ensure flawless workflows. It empowers you to move variant components at one time to strengthen your procedures.
Advance insurance management software exhibits paperless workflow through your agency management system. It saves your money, time and at the same time makes you eco-friendly. Efficient insurance agency software stores all your information at one place and allows you to use that information at any time from ant place. You can avail any data whenever you require through scanning and storing of all documents in your agency management systems. There is always a room for development through paperless workflow as you can easily update you storage with just few clicks instead of dropping or dragging bulky files.
Good insurance agency management software ensures synchronization with other applications such as Outlook, voicemail, and Word that attach information rapidly to client’s profile without any extra effort. Such harmonization assures that each slice of each client’s puzzle is in the same place and can provide complete picture when needed. This comprehensive picture of client’s detail enables you to attain your utmost goal to serve your clients with the best services.
Enhance the efficiency of your insurance company by incorporating remarkable insurance agency management software in . Accomplished software helps you to save time, money and energy by ensuring seamless agency operations and allows your agency to flourish.
Accomplished and dedicated workforce is the key element for any growing business. Organizations need to be focused even on minor details in order to retain the existing and enchant the new resource. You can pay more attention on your workforce rather than wasting your time on paper work by managing recruiting, onboarding and other employee data through powerful human resource management software.
Management of human resources and other workforce data through paper based or manual methods is quite inefficient and disrupting. It is difficult for businesses to manage intricate workforce data on paper or in conventional spreadsheets. You can intelligently handle all employee focused data with greater proficiency and effectiveness by switching your paper procedures or traditional spreadsheets with contemporary HRMS software.
Advanced HRMS software helps human resource (HR) and accounting departments to manage employee data efficiently in less time. Efficient, integrated and centralized HR and Payroll software enables you to gather and observe all data and information relevant to your workforce. Organizations can manage payroll, recruiting, onboarding procedures, time, attendance, talent management and much more with just few clicks.
Company and employees both can get benefits through time saving automations as this feature makes it easier to enter access and use this information. Comprehensive information allows business executives to make smart decisions that improve your business performance. Real time availability of information ensures that right tasks are allocated to the right employees. This perfect assignment of functions helps businesses to enhance efficiency and customer satisfaction.
You can improve employee retention by taking active position with talent development. Enhance the strengths of your workforce by opting for a systematic approach to develop their skills. Ensure greater employee satisfaction by supporting your workforce on their career paths. Switch to modern HRMS software in to save your time from useless paperwork and pay more attention to your employees and business growth.