Management
- Revenue Growth over a period of Time
- Decisions on improvement of the overall revenue earnings
- Set revenue growth targets and review for a specific period
- Measures how much profit you make before expenses
- Determine the reasons why the gross profit changes from period to period
- See how effectively you are using resources to make and sell products or services
- Performance of managing various activities and responsibilities within a system
- Helps to have an aspired level of quality within the company
- Identify quality issues, eliminate unnecessary activities and close gaps in performance
- Discover the likelihood that a person will recommend your business to others
- Shows the company’s reputation and market position
- Lead to important business decisions
- Employee Satisfaction by certain areas
- Identify areas where the focus should be put more
- Improving the metrics helps companies motivate the staff which can lead to improved performance and increase in sales
Predictive analytics
- Accuracy of the prediction
- Factors to be considered For predictive analytics
- Improvements needed to be implemented for higher Accuracy
- Determining possible number of frauds
- How likely to fraud happen
- Detects new and evolving fraud attacks
- Areas which more likely have fraud incidents
- How demand varies with Time, Money
- Needs of customer
- Improvements to be implemented to Fulfil the customer demands
- How a customer has contributed
- Forecast profitability
- Determining the region of improvement for growth
- Customer Acquisition budget
- How fast orders of customer are processed
- Measures that can be taken for faster processing the orders
- Factors that delay the order cycle time
