Analytics are group of decision making tools that the organisation use to make decisions based on measurement.
Organisation management is conceptualised as management at 2 fundamental levels, at the first level is day to day operations, processes and interactions, traditionally function of the shop floor or back-office. The other level, which has traditionally seen senior / executive managers spend most of its time would be what is known as enterprise performance management mainly around financials, evolving into reporting in other functional area and subsequently into Business Intelligence which included suits of tools, applications and analytical tools at various levels of management. Over past decade, we have seen growing use of Predictive Analytics and Digital Analytics.
Recent development has seen of integration of these analytics into core operations for real time decisions thereby accelerating the breaking of hierarchies of organisation management. The leadership team in an organisation can thus empower operations team to rationally decide on such aspects as pricing in real time.
When combined with AI, Analytics also help build automated decision-making applications and tools reducing operational overheads and increasing profitability of the organisation.
INFI UK are pioneers in the area of Analytics and have very robust and as well-advanced capabilities in this area.
Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis of business information.
Predictive analytics are a variety of statistical techniques from data mining, predictive modelling that analyze current and historical facts to make predictions about future or otherwise unknown events.