Business Analytics is a systematic process used to gain information that drives business decisions and can be used to optimize business processes, reduce expenses, minimize risks, and increase revenues. Business Analytics is a strategic business practice that can be used by many industries by gathering data from individual or multiple sources by summarizing the data into useful knowledge.
Data-driven companies treat their data as a corporate asset and leverage it for competitive advantage. Successful business analytics depends on having skilled analysts who understand the technologies, and organizations that have a commitment to data-driven decision making. SME Solutions Group offers its clients the choice of both on-site and/or remote business analytics support capabilities.
Data Mining – Exploring data to find new patterns and relationships. Successful data mining has shown to substantially improve a company’s awareness of opportunities for improvement.
Six Sigma & Lean Strategy – Business management strategy which seeks to improve the quality of process outputs by identifying and removing the causes of defects (errors) and minimizing variability in manufacturing and business processes through use of statistical analysis.
Statistical & Quantitative Analysis– Explaining to our clients “why” a certain result occurred using data.
Predictive Modeling & Predictive Analytics– Forecasting future results through use of Regression Analysis.
Conduct complex modeling, forecasting, trending, variance analysis, and business case development.
Key Performance Indicator Development – Aid organizations in defining and measuring progress toward organizational goals. Quantifiable measurements, agreed to beforehand, that reflect the critical success factors of an organization.
We understand the need to reduce expenses and increase profitability and will customize a plan that works best to fit your business needs.