There are very few organisations that do not make use of data in decision making. In simplest of cases, though rare these days, a business can run on an excel sheet and in advanced cases there can be 10s of software systems needed to run a business. For example, in the utilities sector, power distribution companies can have more than 40 different software systems. So, it becomes ciritical to ensure delivery of reliable, accurate, timely and relevant data to the executives for decision making. There are several aspects to ensure forementioned delivery and this is what we broadly call Data Systems. Data Systems are complete software systems that support and manage data in any form, structured or unstructured. Structured data is organised in a way so it is easily searchable in relational databases.
Unstructured data is not organised in pre-defined manner, making it much more difficult to collect, process, and analyse. While the system is designed and built, a conscious effort is required to govern the data i.e., document and use technology to implement practices and processes to ensure formal management of data assets within an organisation. Such data governance increases trust in the data and maximise data usage with multiple benefits; competitive advantage, improvment in operational efficiency, agile reactions to market response on a cusotmer-facing business initiative (sentiment analysis), reduction of risk due to leakage of personally identifiable , etc. Include services in here: Data Assessement, Data Migration (explain challenges, Oracle to salesforce, legacy to SAP), Data Quality Monitoring and scorecards, Data Lineage.
DATA SYSTEMS ENGG & OPERATIONS (DataOps)
The chain of supply relies on the speed and the connection from the starting to the endpoint. As per the law of economics, more the demand, more the supply has to result. However, to get the demand to be at the same place, the product and services need to be kept updated and at par with the changing requirement of the customer. In these modern times, this is done by the data of the connected systems.
Data Management Solutions
With the preference data of the customers, it becomes very easy to get an idea of the probable products to manufacture. We, at the systems of BAR360, can provide the data points that can make the data management services of a Supply Chain a fruitful venture.
Financial Analysis & Modelling
Preparing a financial analysis requires a lot of work and skill. A strong and effective financial analysis will consist of five areas – revenue, profitability, stability, solvency and liquidity – and each one contains its own set of complicated ratios and data points. Your company’s statements and accounts will contain a great deal of vital information and data. Although you may be an expert in what you do, it is important to accept that you may not be able to discover the hidden meanings contained in these statements. Understanding how accounts connect to one another is a fundamental part of financial analysis, as is being able to use your business’s numerical data to uncover activity patterns. Only a handful of experts have these skills, which is why it may not be possible for you to conduct your own financial analysis without professional assistance. Our approach ensures we measure the revenue, profitability, stability, solvency and liquidity of your business by analyzing ratios rather than just dollar amounts. These ratios will enable you to examine relationships to gain insightful information for decision-making. The ratios we calculate provide a wealth of data that cannot be found elsewhere, and they will act as tools to aid your judgment, making you an all-round better business manager. Revolutionising Supply Chain
Business Technical Writing
Over the past few years, we’ve seen the market, or maybe organizations, companies or even projects, move away from doing business cases. But, these days, companies, organizations, and those same projects are scrutinizing the investments and they’re really seeking a rate of return. So now, think of the business case as your opportunity to package your project, your idea, your opportunity, and show what it means and what the benefits are and how other people can benefit. Whether you’re starting a new project or mid-way through one, take time to write up a business case to justify the project expenditure by identifying the business benefits your project will deliver and that your stakeholders are most interested in reaping from the work. We follow four steps to write a business case:
- Identify the business problem
- Identify alternative solutions
- Recommend a preferred solution
- Describe the implementation approach
Call to Action
It is always better to appoint a company with the persons having the knowledge and expertise of performing the appropriate data collection, linking, and analysis so that necessary steps may be taken about the suspension in services. Hire us to reap the benefits of Big Data and associated programs.