Data analysis goals. Business Intelligence (BI) systems for business analysis Some benefits from using BI solutions
Small business in the CIS countries does not yet apply data analysis for business development, definitions of correlations, the search for hidden patterns: entrepreneurs are bypass by reports of marketers and accountants. The leaders of small and partially medium enterprises rely more on their intuition than the analysis. But at the same time, the analyst has a huge potential: it helps to reduce costs and increase profits, faster and objective to make decisions, optimize processes, better understand customers and improve the product.
Accountant will not replace analytics
The leaders of small enterprises often believe that the reports of marketers and accountants are fairly adequately reflecting the company's activities. But on the basis of dry statistics, it is very difficult to make a solution, and an error in counting without a profile formation is inevitable.
Case 1. Post-analysis of accommodation campaigns. By the new year, the entrepreneur declared a share in which certain goods were offered at a discount. Evaluating the revenue for the New Year's period, he saw how sales increased, and delighted his resourcefulness. But let's take into account all the factors:
- Sales growing greatly on Friday, a day, when the maximum revenue is a weekly trend.
- If you compare with increasing sales, which usually happens under the New Year, then the winnings are not so great.
- If you filter out the exact goods, it turns out that sales indicators worsened.
Case 2. Study of turnovering. The store of women's clothing complexity with logistics: goods on some warehouses in deficiency, and on some lies for months. How to determine without an analysis of sales, how many trousers will start in one region, and how much coat send to another, while getting the maximum profit? To do this, you need to calculate the commodity, the ratio of sales speed and the average inventory for a certain period. If we put it easier, turning is an indicator of how many days the store will sell goods how quickly the average stock is sold, as the product pays off quickly. Store large reserves are economically unprofitable, as it freezes capital, slows development. If the reserve is reduced, a deficit may appear, and the company will again launch profits. Where to find a golden middle, the ratio in which the product is not stored in stock, and at the same time you can give a certain guarantee that the client will find the right unit in the store? For this, the analyst should help you determine:
- desirable turnover
- dynamics of turning.
When calculating with suppliers with a delay, you also need to calculate the ratio of credit line and turnover. Turnover in days \u003d average commodity supply * Number of days / trade over this period.
The calculation of the range of assortment and total shopping is helps to understand where it is necessary to move part of the goods. It is worth counting and what is the turnover of each unit of the range to make a grade solution under reduced demand, appreciation with elevated, moving to another warehouse. By categories you can develop a turnover report in this form. It can be seen that T-shirts and jumpers are sold faster, but a coat is long enough. Will this work be able to hold an ordinary accountant? We doubt. At the same time, the regular calculation of commodity and the application of results can increase profits by 8-10%
In which areas will the data analysis apply?
- Sales. It is important to understand why sales go well (or bad), what is the dynamic. To solve this task, you need to explore the factors of influence on profit and revenue - for example, to analyze the length of the check and revenue to the buyer. Such factors can be explored by groups of goods, seasons, shops. You can identify elevations and sales pit, analyzing returns, cancellation and other operations.
- Finance. Monitoring indicators need any financier to monitor the Kesflow and the distribution of assets on various fields of business. It helps to assess the effectiveness of taxation and other parameters.
- Marketing. Any marketing company needs forecasts and post-analysis of shares. At the Study of the idea, it is necessary to identify groups of goods (control and target) for which we create a proposal. This is also a job for analytics of data, since the usual marketer does not have the necessary tools and skills for good analysis. For example, if for the control group, the amount of revenue and the number of buyers are equally greater than in comparison with the target - the action has not worked. To determine this, the interval analysis is needed.
- Control. Have leadership qualities are not enough for the company's leader. Quantitative staff assessments in any case are needed for competent management of the enterprise. The effectiveness of managing the wage fund, the salary and sales ratio is important to understand the same way as the effectiveness of processes - for example, traffic accidents or movement employment during the day. It helps to properly distribute working time.
- Web analysis. The site needs to competently, so that it becomes a sales channel, and this requires the right promotion strategy. Here will help you a web analysis. How to apply it? Study behavior, age, gender and other characteristics of customers, activity on certain pages, clicks, traffic channel, product performance, and so on. This will help improve business and website.
- Assortment management. ABC analysis is extremely necessary to manage the assortment. The analyst must distribute the goods according to the characteristics to carry out such a type of analysis and understand which product is the most profitable, which is at the heart, and from what it is worth getting rid of. To understand the stability of sales, the XYZ analysis is well.
- Logistics. More understanding about purchases, goods, their storage and accessibility will give the study of logistics indicators. The loss and needs of the goods, the commodity supply is also important to understand for successful business management.
These examples show how wide the ability to analyze data even for small enterprises. An experienced director will increase the company's profit and will benefit from the most minor information, using the data analysis correctly, and the work manager will significantly simplify visual reports.
The main goal of any data analysis is the search and detection of patterns in the amount of data. In business analysis, this goal becomes even wider. It is important for any supervisor not only to identify patterns, but also to find their cause. Knowledge of the reason will allow in the future to influence the business and makes it possible to predict the results of a particular action.
Data analysis targets for the company
If we talk about business, then the goal of each company win a competitive struggle. So the data analysis is your main advantage. It is he who will help you:
- Reduce the cost of the company
- Enlarge revenue
- Reduce the time to fulfill business processes (learn a weak place and optimize it)
- Increase the performance of the company's business processes
- Perform any other goals aimed at improving the efficiency and effectiveness of the company's activities.
So, victory over competitors is in your hands. Do not rely on intuition. Analyze!
Data analysis goals for departments, departments, products
Oddly enough, but the targets listed above are fully suitable for analyzing the activities of departments, product analysis or advertising campaign.
The goal of any data analysis at any level is to identify regularity and take advantage of this knowledge to improve the quality of the product or the work of the company, the department.
Who needs data analysis?
All. Indeed, any company, from any sphere of activity, any department and any product!
In which areas can I use data analysis?
- Production (construction, oil and gas, metallurgy, etc.)
- Retail
- Ecommerce.
- Services
- And many others
What departments can be analyzed within the company?
- Accounting and Finance
- Marketing
- Advertising
- Administration
- Other.
Indeed, companies from any sphere, any departments within the company, any activities can, and it is important to analyze.
What can help BI analysis systems
BI-analysis systems, automated analytics systems, Big Data for analyzing large data are software solutions that already have built-in data processing functional, prepare them for analysis, analyzing itself and is the main thing - to visualize the analysis results.
Not every company has analysts department, or at least a developer who will serve the analytical system and databases. In this case, such Bi-analysis systems come to the rescue.
Today, more than 300 solutions are presented on the market. Our company focused on the Tableau solution:
- In 2018, Tableau 69 times became the leader of Gartner's research among BI solutions
- TableAu is easy to master (and our workshops confirm this)
- For a full start of working with TableAu, the knowledge of the developer or statistics is not required
At the same time, companies that are already working with Tableau, say that to draw up reports that previously gathered in Excel for 6-8 hours, now takes no more than 15 minutes.
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