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Year: 2021
1. The more the merrier, but the fewer the better!
Often, it’s difficult to determine the impact of an individual influencer on the response variable when multiple influencing factors have more or less the same influence. Let’s streamline this with a realistic example. Say for instance, we want to examine a child’s weight based upon various influencing factors including child’s height and age. It becomes evident that as children grow older, they get taller! Hence, both height as well as age are highly correlated in determining child’s weight. So, this case study has indeed a multicollinearity problem!
Can Adding Analytics to Tally ERP Help My Accounting and Finance Professionals?
If you are an accountant or a finance professional, you may be frustrated by the fact that your seat at the table often comes too late in the game for you to make a difference. If your role is limited to statutory reporting or producing reams of columns and reports for business colleagues and then trying to explain them, if your ability to affect a problem in a timely manner is limited, if you are always seeing the real picture in the rear view mirror, you might want to think about integrating analytics within your accounting and finance solution.
Why Sasha Doesn’t Need to Fear Predictive Analytics!
My friend Sasha asked me about Predictive Analytics (knowing it was my favorite subject). Like most other business people, Sasha has a lot of professional knowledge but no exposure to analytics and the concept of Predictive Analytics is frightening and foreign to her. If your business team wants to up its game and get into predictive analytics, it really isn’t that hard. You can select an augmented analytics tool that allows your business users to leverage these features without a data science or business analyst background.
Tally ERP Solutions are popular with users, especially in India. Whether you are an accounting, finance, purchasing or other related professional, you are probably using this software for data entry and reporting. These tools are an integral part of your day and your role. In this article, we discuss, three of the ways in which business users can benefit from adding mobile analytics to the Tally environment.
Things to Consider Before You Choose an Offshore Outsourcing Partner!
If you are considering engaging an offshore IT consulting partner, you will want to carefully assess the experience of the service provider and ensure that the business model, methodologies and skills of the business and the team are what you need to achieve a successful outcome.
Why Does My Business Need BI Tools with GeoMaps?
So, you’ve got yourself a BI tool! That’s great news. Hopefully, that business intelligence solution includes all the features your business users need to easily gather and analyze data and make recommendations and suggestions, make decisions and fulfill their responsibilities in a way that supports your corporate goals and objectives. While your business may not think it needs all the bells and whistles, there are many hidden benefits to features and tools. Take for example, GeoMapping.
This Client owns a chain of fitness centers in Australia and provides fitness training services to its clients to help them achieve their goals through exercise, nutrition and lifestyle changes.
We are one of the leading multi specialty hospitals in Gujarat who provides world-class treatment and healthcare services in India. Supervising all the functions in the hospital encircling patient management and their statistics, specialty management, etc. from one place was much needed for us as they were coming from various sources (PCS ERP, and other In-house Portals). High degree of manual work for the report preparation and getting timely updated reports was another challenge. With Smarten’s self-serve data preparation capability and minimal training, the data from various sources (SQL server, Excel files) were extracted, cleansed and transformed into ad-hoc analysis for our major areas like Clinical care, Inventory, Purchase, Finance, etc. We were happy with the product and services and we have expanded our user licenses to more divisions recently. We appreciate the work and support of team Smarten and look forward to more BIG engagements in future!
Can I (or my team) Handle the Citizen Data Scientist Role?
If you are a business owner or a business team member who has been asked to consider the Citizen Data Scientist role, you may be wondering how it all works and whether you (or your team member) can handle the new role.
