The Analytics Value Proposition
Analytics consistently delivers significant value – strategic to tactical, top-line to bottom-line – to the organizations and executives who use it. Organizations worldwide in business, the military, health care, and the public sector are realizing powerful benefits from Analytics, including:
- Big data Finding hidden clues to improve customer service and improve sales
- Business insight Providing quantitative and business insight into complex problems
- Business performance Improving business performance by embedding intelligence into an organization’s information systems to improve decision making
- Cost reduction Finding new opportunities to decrease cost or investment
- Decision making Assessing the likely outcomes of decision alternatives and uncovering better alternatives
- Forecasting Providing a better basis for more accurate forecasting and planning
- Improved scheduling Efficiently scheduling staff, equipment, events, and more
- Planning Applying quantitative techniques to support operations, tactical planning, and strategic planning
- Pricing Dynamically pricing products and services
- Productivity Helping organizations find ways to make processes and people more productive
- Profits Increasing revenue or return on investment; increasing market share
- Quality Improving quality as well as quantifying and balancing qualitative considerations
- Resources Gaining greater utilization from limited equipment, facilities, money, and personnel
- Risk Measuring risk quantitatively and uncovering factors critical to managing and reducing risk
- Throughput Increasing speed or throughput and decreasing delays
Answering the challenges you face today
Organizations and the world in which they operate continue to become more complex. Huge numbers of choices and relentless time pressures and margin pressures make the decisions you face more daunting and more difficult. Meanwhile, new enterprise applications and software are generating massive amounts of data – and it can seem like an overwhelming task to turn that data into insight and answers.
But all that data and the availability of more and cheaper computing power are creating an important opportunity for decision makers – one analytics is ideally designed to help you take advantage of. Analytics professionals thrive on challenges that involve large numbers of variables, complex systems, and significant risks.
As a result, analytics can help today’s executives with many of the specific challenges they face, such as:
- Deciding where to invest capital in order to grow
- Getting more value out of ERP, CRM, and other software systems
- Figuring out the best way to run a call center
- Locating a warehouse or depot to deliver materials over shorter distances at reduced cost
- Forecasting sales for a new kind of product that has never been marketed before
- Solving complex scheduling problems
- Planning for a potential terrorist attack
- Deciding when to discount, and how much
- Getting more cycles out of manufacturing equipment
- Optimizing a portfolio of investments, whether it contains financial securities or pharmaceutical product inventory
- Deciding how large a budget to devote to the Internet vs. traditional sales
- Planting crops in the face of uncertainty about weather and consumer demand
- Speeding up response time, whether selling a product or responding to a 911 call
For dozens of analytics cases that you can search by industry, functional area, and benefit, go to Success Stories.
