Business analytics is a powerful tool in today’s marketplace. Across industries, organizations are generating vast amounts of data which, in turn, has heightened the need for professionals who know how to interpret and analyze that information. There are three primary reasons why it is important to analyse your business closely:
There are three primary methods of business analysis:
In just a few years, the implementation of data analytics has skyrocketed. Big data adoption jumped from 17% in 2015 to 59% in 2018, a whopping 42% increase. Nevertheless, a recent survey also found that many businesses are not tapping into the data that they already have at their disposal. Between 60% and 73% of all data within an enterprise goes unused for analytics. It’s a startling number when you think about the potential benefits to small businesses.
Here is a few:
In Laundro, we helps you to capture all the relevant data for your day to day operation such as sales data and machine utilisation data. Each parameter has its role whenever it comes to business analytic. For example machine utilisation data will reflect the capacity of your laundromats and helps to decide whether further investment is necessary for the business.
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