Vittakosh is an outcome of a notion – a belief that we can and ethical practices.
Before taking a trip or starting your day, you have a plan. This plan is based on your budget, environmental conditions, things-to-do list, time duration, etc. Imagine not charting a plan for the day- you will be late to meetings, miss out on lunch, forget to carry an important document and be all flustered throughout the day. You can quickly recover from a lousy day like this, but something like this proves fatal for businesses moving ahead without measuring every action. Having a plan is not enough, though. It is crucial to back this plan with facts, figures and practical judgment.
We seldom see new businesses flourish; one of the main reasons behind this is not using technology for performing data analytics, identifying trends, and highlighting deviations. With the help of data, the advisors, who play a pivotal role throughout the entire project lifecycle until project completion, can eliminate tedious work and manage projects in an organized way, increasing efficiency.
Data analytics uses raw data to find answers to some important questions like – What is the market size of my product? What is my target group? What kind of marketing strategies work? The analytics team synthesizes data from clients and helps scale a business.
It is worth mentioning the role that AI plays when it comes to data analytics. AI gives suggestions to improve the project success rate every step of the way. Based on the in-depth study and ongoing assessment of results put forward by analysts, it is easily inferred and derived that Artificial Intelligence, Business Intelligence and Business Analytics act as the pillars for successful project management and data management in today’s technologically growing world. The analytics team can evaluate past performance, develop projections for user growth, and give business guidance.
The excellent data you gain can help you find your niche market. This allows you to concentrate on the target users who will avail of your services or buy your product. Even the marketing efforts will follow the same trend, thereby reducing costs.
Constant monitoring and experiments will help you understand customers’ preferences and needs better. Questions related to consumer preferences are essential to an analyst or a data scientist.
Data analysts design surveys and analyze them to gather these insights. Feeding these insights into the product lifecycle efficiently, the positive impact on user experience will be unimaginable.
Usually, businesses acknowledge and are fully aware of the existence of a problem, but they are unable to find a solution. This happens mainly because they do not know the cause of the problem, which means they cannot look for a fix. Thanks to services such as data analytics and monitoring which not only detect issues but keep a check on any difficulty that may come up in the future.
We always keep hearing that “Data is the new oil.” It means that data will cause the next revolution in business and technology, like electricity brought forth technological development.
If the data analysts keep analyzing information and operators keep monitoring it, you will always end up stumbling upon some interesting stuff about your user behavior. In the absence of continuous data analysis, you would not find yourself stumbling upon these types of opportunities, and your competitor will utilize that opportunity. This is one example of how big start-ups keep launching new verticals and products and partnering with others using a data-driven strategy.
Through continuous monitoring, one can get better data, and various problems can be solved by analyzing that data. Organizations can earn goodwill and user trust when they fix the issues multiple users face.
With the help of Data Analytics, start-ups are able to identify other potential opportunities to streamline operations and maximize profits. It plays an essential role in recognizing problems, then having to wait for such issues to occur and taking necessary actions for the same. Data analytics and monitoring allow them to see which operations have yielded the best results under various conditions and pinpoint which operational areas are error-prone and require improvements. As per the feedback, start-ups are able to take constructive steps for the future.
Vittakosh’s team thinks deeply about a coherent data strategy to make its clients untouchable from the competition. Our advice is practical, and a result of primary data gained using the latest available tools. By taking data strategy seriously, we help organizations focus on the more important concerns of their business. In essence, concentrate where the returns are worth the effort.
Vittakosh is an outcome of a notion – a belief that we can and ethical practices.