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Tagged Posts: Data Analytics

How To Use Financial Analytics To Detect Fraud
  • September 14, 2023

How to Use Financial Analytics to Detect Fraud

According to the Association of Certified Fraud Examiners, organizations lose 5% of their revenue to fraud each year. It’s no wonder that financial analytics for fraud detection is in such high demand given this alarming statistic. Fortunately, financial analytics can play a crucial role in helping businesses detect and prevent fraud by analyzing various…

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10 Ways Your Financial Firm Can Use Data Analytics To Level Up
  • September 5, 2023

10 Ways Your Financial Firm Can Use Data Analytics to Level Up

A comprehensive data analytics strategy gives financial firms a competitive edge, helping them inform decision making, drive overall financial performance, and improve business outcomes. The fact is, all types of financial firms, from banks to investment companies, are finding new uses for analytics while optimizing proven use cases. You’re probably leveraging analytics for some…

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9 Must-Have Financial Analytics Data Points To Look For
  • August 28, 2023

9 Must-Have Financial Analytics Data Points to Look For

Is Financial Trouble Brewing? There are many financial metrics that can indicate that trouble is brewing in a company. Most of them tell you what’s happening in your business, but they don’t tell you why. Let’s explore the more important metrics, revenue, profit, and contributing indicators that will help you gain a comprehensive picture…

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Why Predictive Data Analytics Will Drive The Supply Chain Of The Future
  • August 23, 2023

Why Predictive Data Analytics Will Drive the Supply Chain of the Future

It’s hard to imagine a crucial aspect of business that’s been more disrupted, unpredictable, and volatile over the last few years than supply chains. As a result of worker shortages, geopolitical issues, manufacturing shutdowns, unstable fuel prices, and myriad other factors, supply chains across almost all industries were unable to make on-time deliveries and…

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How To Use Advanced Financial Analytics To Augment Business Intelligence
  • August 21, 2023

How to Use Advanced Financial Analytics to Augment Business Intelligence

Most, if not all, organizations need to understand their financial performance to improve business processes, identify the risks they face, and focus on the right goals. Harvard Business School provides an excellent list of important financial key performance indicators (KPIs) that companies should track, measure, and analyze across a wide range of categories, including…

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How To Build Accurate Customer Profiles Using Data Analytics
  • August 21, 2023

How to Build Accurate Customer Profiles Using Data Analytics

A comprehensive data analytics strategy gives financial firms a competitive edge, helping them inform decision making, drive overall financial performance, and improve business outcomes. The fact is, all types of financial firms, from banks to investment companies, are finding new uses for analytics while optimizing proven use cases. You’re probably leveraging analytics for some…

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Does Using Data Analytics Improve Price Points In Retail?
  • August 8, 2023

Does Using Data Analytics Improve Price Points in Retail?

How can your business stay competitive in retail? Pricing analytics is a valuable tool to help optimize pricing strategies to maximize revenue and profits. By using advanced analytics to inform pricing decisions, retailers can make more informed, data driven decisions based on customer behavior and market conditions. Data, including internal data such as customer…

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7 Financial Analytics Strategies Every IT Leader Should Know
  • August 8, 2023

7 Financial Analytics Strategies Every IT Leader Should Know

Many organizations are discovering that spreadsheets and financial reporting tools are inadequate to deliver timely insights into the underlying trends of their business operations.  Perhaps this is why, according to Gartner, only 47% of decision-makers say that financial analysis adequately portrays the story of their business area and its performance. Slicing and dicing stale…

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10 Insights Financial Analytics Provides For Enhancing Operational Efficiency
  • August 7, 2023

10 Insights Financial Analytics Provides for Enhancing Operational Efficiency

Financial analytics involves the collection, interpretation, and analysis of financial data to identify patterns, trends, and relationships. These insights help businesses enhance their operational efficiency by revealing ways they can use their resources more effectively to maximize productivity and revenue and minimize costs. Financial analytics impacts virtually all aspects of a business through the…

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Aeriz: Unlocking The Hidden Value Of SaaS Data
  • August 1, 2023

Aeriz: Unlocking the Hidden Value of SaaS Data

Getting the full value of data in your software as a service (SaaS) systems can be tricky. That’s because you can’t easily access the data needed for operations, supply chains, customer experiences, or other essential business functions. Yet easy data access is possible. For example, Aeriz, a distributor of aeroponically grown cannabis, was able…

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The Impact Of Reconstructing Your Data For Better Business Outcomes
  • July 21, 2023

The Impact of Reconstructing Your Data for Better Business Outcomes

Reconstructing analytical data is the essential process of restoring, recreating, or rebuilding data from partial or incomplete information. The process is needed when data has been damaged, lost, corrupted, or fragmented, yet the original information is needed for data analytics or other business processes. Data reconstruction is necessary in various scenarios when data is…

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Actian Beats Snowflake And BigQuery In GigaOm TPC-H Benchmark Test
  • July 19, 2023

Actian Beats Snowflake and BigQuery in GigaOm TPC-H Benchmark Test

Driven by the desire for organizations to get better business insights, data systems are becoming more specialized, and data stacks are increasing in complexity. As companies continue their quest toward data-driven operations, they must balance speed and cost. This is why we recently engaged with GigaOm Research to conduct a TPC-H Benchmark Test against…

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How Retail Leaders Apply Big Data
  • July 14, 2023

How Retail Leaders Apply Big Data

Retailers can use big data to gain insights into their customers to enhance the customer experience, improve marketing and to optimize pricing, inventory and supply chain management.  The collection of vast amounts of data and using advanced retail analytics to discover insights, make predictions and generate recommendations provide tremendous opportunities. Data-driven decisions can maximize…

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Getting The Most From Real-Time Financial Analytics In Healthcare
  • July 13, 2023

Getting the Most from Real-Time Financial Analytics in Healthcare

Many organizations are implementing real-time analytics that make data readily available to users and processes as soon as the data is available in the database. This type of analytics lets you make instantaneous decisions based on the most current data. In industries such as healthcare when seconds matter, real-time data analytics gives you the…

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7 Ways Financial Analytics Supports Data Security
  • July 12, 2023

7 Ways Financial Analytics Supports Data Security

Financial analytics is one of many tools that when integrated on a single platform, enables organizations like yours to identify, prevent, and respond to data security threats quickly. And let’s face it—with ongoing threats against data security, you need to leverage all the robust technologies available that make sense for your business. By optimizing…

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How To Use Financial Analytics For Customer Experience Personalization
  • July 7, 2023

How to Use Financial Analytics for Customer Experience Personalization

Financial analytics are not just for banks and other financial institutions. They deliver value for any business by offering insights into the organization’s financial well-being. Financial analytics are typically performed on finance, accounting, transaction, and related data to predict, measure, and improve financial performance. Integrating financial data with data from sales and marketing delivers…

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