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[bizdata360-blog]

iPaaS is integration platform as a service that allows you to connect and integrate data from multiple sources

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Why Big Data is Essential for Your Business & Why you should adopt it

Let’s face it. With the evolving business landscape & constantly changing technology, a business faces numerous challenges when it comes down to taking, time & mission-critical business decisions. Making sure that the right info is available at the right time with the right variables is the need of the hour & considering that a business today is engaged in so many processes & operations which produce large datasets, it becomes outright challenging. In order to maintain a competitive edge a business requires insights into its process, distribution, customer preferences or target audience, doesn’t matter if the organization is big or small.

In this context, big data is nothing but tools & process that manages large datasets present in any organization that helps you in analyzing these datasets & provide meaningful insights which may not be possible otherwise in a traditional form of analysis thus helping in taking timely action & to outperform the competition. The need for Big-data arises with a need to understand trends, be it in markets, processes or consumer engagements & preferences.

Adopting a Bigdata approach can prove to be extremely beneficial. If you are studying the feasibility of entering a new market, studying customer preferences to launch a new product, analyzing the effectiveness of a process or anything else. With the combination of analytics tools & data from the existing process, visualizations can be obtained that provide deep insights into any business process. Big data can also lead to the development of new opportunities or revenue streams in many different areas & sectors such as Process Evaluation, Risk Analysis, Product Life Cycle, Customer Engagement, Financial Analysis, Healthcare, etc.

It’s a reality that needs to be dealt with especially if you want to maintain an edge. The inclusion of big data in your business process not only ensures a competitive advantage but also ensures a future compliant process that allows you to make proper decisions based on facts & figures

[bizdata360-blog]

How Big Data Analytics can drive Product Innovation in highly competitive markets? - Bizdata

In our ultra-connected world of smart devices and the Internet everywhere, the explosion of data from a dizzying variety of sources has created a unique challenge that any business can turn into an opportunity. Most organizations’ data is growing at a rate of 40 to 60 percent per year, and, according to IDC, there areRead more

[bizdata360-blog]

https://www.bizdata360.com/blog/how-big-data-analytics-can-drive-product-innovation-in-highly-competitive-markets/

In our ultra-connected world of smart devices and the Internet everywhere, the explosion of data from a dizzying variety of sources has created a unique challenge that any business can turn into an opportunity. Most organizations’ data is growing at a rate of 40 to 60 percent per year, and, according to IDC, there are about 9 billion smart, connected devices in the world that are sharing and creating more data.

Within the treasure trove of data in your company’s systems alone—ERP databases, CRM systems, and product lifecycle management software, for example—lies the information you need to make iterative product improvements that will result in long-term innovation and help you better meet customers’ expectations.

You simply need the right tool. BizIntel360 provides a code-free environment for data discovery that helps you find the “needle in the haystack” of data so you can pull together and analyze information from a variety of sources very quickly. This helps our customers shed light on ways to improve their products in specific ways using insights that might otherwise have taken much longer to reveal.

Recently, the product development team at a leading U.S. provider of nutrition and weight-loss products used BizIntel360 to bring together the data from various systems to resolve customer complaints 30 percent faster than before. At the same time, by incorporating customer feedback into the next version of the product, they were able to reduce the time to market by about 20 percent. These improvements are keeping the company one step ahead of rival firms in a highly competitive market.

Using Bizintel360’s interactive dashboard and visualization capabilities, business users at the company could easily see the relationship between customer complaints and product design—or raw materials—that could be altered to enhance the product, address the complaints, impress existing customers with their responsiveness, and ensure future customers would not run into the same issues.

Connecting the dots

Best of all, the business users set it up themselves without requiring deep technical knowledge or IT support. BizIntel360 makes it easier than ever to collect data from multiple systems and view it holistically to increase the speed and efficacy of business decision-making. It turned out there was a specific component sourced from a certain supplier that was generating the most customer complaints. By addressing that problem in the next iteration of the product, the company demonstrated to its commitment to customer service and responding to customer needs while improving the product so all customers will benefit.

The ability to put the power of big data analytics into the hands of business users quickly is one of Bizintel360’s core value propositions. With this powerful tool in your arsenal, you too can more easily make the data linkages that give rise to business insights you can use to innovate, improve products, increase sales, and create lifelong customer relationships.

For more details on Bizintel360, please visit us at www.bizdata360.com

[bizdata360-blog]

How Product Analytics can be used Enterprise-Wide for a better Customer Understanding - Bizdata

Retain More Customers with Big data Analytics. Find out how! A company can not survive with just strong and aggressive acquisition strategies. Having a solid plan to retain your current customer base should be a priority for any organization in today’s extremely competitive market. According to Gartner, 80% of your company’s future revenue will comeRead more

[bizdata360-blog]

How Product Analytics can be used Enterprise-Wide for a better Customer Understanding

Retain More Customers with Big data Analytics. Find out how!

A company can not survive with just strong and aggressive acquisition strategies. Having a solid plan to retain your current customer base should be a priority for any organization in today’s extremely competitive market. According to Gartner, 80% of your company’s future revenue will come from just 20% of your current customers.

Big data analytics plays a major role in helping and easing customer retention activities by providing enough insight into your account especially the one at risk of churning. Let us look at some common examples of how you can use your Data Analytics engine to achieve maximum retention.

Personalized Marketing campaigns

Companies can use Big data analytics to segregate customer/prospects group to deliver personalized and targeted marketing campaigns. The responses of these campaigns can be then matched with the sales order data to identify the efficiency of the personalized content and overall campaign success

Customer Sentiment Analysis and Automated account management

Data analytics can be used to capture and analyze a large volume of feedback data and capture the sentiment of the customer that can help the account manager to deal with a customer at risk of churning proactively.

CRM and Data analytics can also be connected to track customer feedback and this can help both the sales and product teams to identify opportunities to develop and sell products based on the customer requirements

Faster time to resolution with Modern data analysis

Customer service Managers can connect their data analysis systems with Customer service software to manage the customer support requests and tickets proactively and this results in faster case resolution.

Online Customer Behavioral Analytics

Analyzing the customer behavior on the web presence like onsite search, click-through pattern and navigation patterns can really help narrow down the priorities and requirements of a customer. In turn, giving more insights for sales and product teams to help them strategize customer retention activities

About Bizintel360

Bizintel360 is one of a kind solution that has all the capabilities customers look for in a BI solution. It is a fast, easy and secure solution that gives the power of advanced data analytics in the hands of business users . And to top it all, the product trial is completely free with no credit card requirements or lengthy registration process.

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How Email Analytics can help Recruiters solve the Hiring Problem - Bizdata

Hiring is one of the most significant processes in any organization as described here. It should be made a top priority in any company. Data and analytics can play an important part in fine-tuning and optimize the hiring process by providing the Hiring manager with key recruitment metrics. This where Email Analytics comes to ourRead more

[bizdata360-blog]

How Email Analytics can help Recruiters solve the Hiring Problem

Hiring is one of the most significant processes in any organization as described here. It should be made a top priority in any company. Data and analytics can play an important part in fine-tuning and optimize the hiring process by providing the Hiring manager with key recruitment metrics.

This where Email Analytics comes to our rescue. This not just streamlines the hiring process but also enhances overall Hire quality.

Email Analytics helps you in tracking, measuring, collating and analyzing prospective candidate data to give intelligent insights. This eventually helps in the decision-making process. Let us touch on some use cases for Email analytics for recruiters.

Search the Right Candidates

Email Analytics uses smart search and filter to present the candidate best suited for the job by analyzing and comparing skills and experiences. This results in real-time shortlisting of the top applicants. This reduces the sheer number of applications recruiters have to screen.

Identify the best source of applications

Email analytics helps you analyze the different sources of email applications and gives you key insights like Volume, quality, and frequency of job applications to help you identify which source is working best for you.

Time to hire

Analyze how much time it takes from the moment a candidate applies for a job or is approached for a hob to the time he is hired. This helps you understand the average time it takes your organization to move the candidate in this hiring cycle.

Offer acceptance rate

This helps you identify problems in the last stage of hiring where a candidate is given an offer to join your organization. This helps you identify the reasons why an offer is usually accepted or rejected.

Email Analytics by Bizintel360 works on all the major hiring bottlenecks without the need for any extensive IT involvement. Once you have connected your email system with the advanced Bizintel360 analytics, you will see instant results in terms of organizing, strategizing and reading your applicant data.

About Bizintel360

BizIntel360, a truly self-service big data analytics solution that combines the advantages of the cloud with the advanced capabilities of today’s data warehousing and visualization solutions. BizIntel360 is ideal for all organizations that want to leverage the power of big data without stretching their resources. BizIntel360 can scale to meet any organization’s needs. We built our solution to allow companies of all sizes to harness the power of advanced data collection, analytics, and visualization quickly. In fact, you can pull data from any data source—structured or unstructured—within hours of setting up your account. You don’t need expensive extraction, transformation, and loading (ETL) tools, bottomless IT resources, or large-scale data warehouses to put big data analytics to work.

[bizdata360-blog]

5 Key Reasons Why Pharmaceutical companies Need Big Data Analytics - Bizdata

The pharmaceutical industry has seen major advances in the last few years. It has also come at a price of various operational and productivity challenges. According to this report by BBC, the annual spend on pharma for the year 2017 has been anywhere between $1,170-1200 Bn Dollars. With advanced technologies powered by IoT, sensors, AIRead more

[bizdata360-blog]

5 Key Reasons Why Pharmaceutical companies Need Big Data Analytics

The pharmaceutical industry has seen major advances in the last few years. It has also come at a price of various operational and productivity challenges.  According to this report by BBC, the annual spend on pharma for the year 2017 has been anywhere between $1,170-1200 Bn Dollars.

With advanced technologies powered by IoT, sensors, AI systems being deployed right from the manufacturer to the consumer level, a large volume of data is being generated from these sources. Social media, Customer support Emails, Call Center logs are the other major data sources.

This large volume of structured and unstructured data can be used to identify key trends and gain strategic insight into your product quality and customer behavior among others. Big data analytics can play a major role in pharma and life sciences companies to give them a better understanding of their business.

How does Self Service Analytics help?

Big data analytics not just helps you visualize your data but also helps in reading between the lines and improve aspects of your business that were ignored or not discovered before. Self-service analytics gives the power of advanced data analytics in the hands of business users. You don’t require complex IT infrastructure or dedicated IT personnel to help you analyze your data.

Data Visualisation

Connect and integrate your structured( Databases, Excel) and unstructured data ( social media, images) and create a dynamic relationship to ultimately have a visual analysis on a neat dashboard

Product quality & Risk Analytics

Gain comprehensive insight into your product quality and identify spurious drug batches and increase overall operational efficiency

CRM & Social Media Analytics

Through social media analytics, you can get a concrete idea about the customer perspective of your product and brand. A pharma company can also track doctor’s prescription habits by integrating CRM into their BI platform

Supply Chain Analytics

Never run short of your drug supply by analyzing any shortages in the warehouse or store.

Data Analytics to aid Drug discovery

Big data analytics plays a major role in the discovery and development of innovative drugs.

About Bizintel360

Bizintel360 is a one of a kind solution that has all the capabilities customers look for in a BI solution. It is fast, easy and secure solution that gives the power of advanced data analytics in the hands of business users. And to top it all, the product trial is completely free with no credit card requirements or lengthy registration process.

[bizdata360-blog]

Data Supply Chain in Big Data Analytics - Bizdata

Supply Chain is the concept that is very common in product development and services business. A supply chain is typically a flow of material, money, and information from one end of a supplier to manufacturer to retailer and to end customer. Over the years many consulting firms and software product development companies try to cutRead more

Supply Chain is the concept that is very common in product development and services business. A supply chain is typically a flow of material, money, and information from one end of a supplier to manufacturer to retailer and to end customer. Over the years many consulting firms and software product development companies try to cut down or optimize the supply chain of material, money, and information by applying various automation techniques. Below is the snapshot as how the supply chain of raw material, money, and material is changing over a period of time.

[bizdata360-blog]

Industry leaders in iPaaS, Real-Time Data Analytics for B2B companies. Connect Anything Without Any Coding. iPaaS, integration services, big data analytics, product life cycle, digital marketing analytics

Industry leaders in iPaaS, Real-Time Data Analytics for B2B companies. Connect Anything Without Any Coding. 

iPaaS, integration services, big data analytics, product life cycle, digital marketing analytics