Business Data Analysis
Business Data Analysis Services in Chicago
They say that in business, knowledge is power. That is why being able to capitalize on internal data about your company, as well as information regarding your industry as a whole can be invaluable. Strategically evaluating data is a key component in leveraging a company’s strengths in order to take business performance to the next level.
What is Business Data Analysis?
The professionals at SOGID™ Management Consultants have decades of experience with business data analysis, scrubbing large data sets and breaking them down into digestible pieces, so that this information can be used in making critical business decisions. It has been proven that data driven business strategies are far more successful than those that lack it. Let our knowledgeable team help you uncover your story through our Business Data Analysis Services.
The Goals of Business Data Analytics
An expert evaluation of business data can be extremely helpful in optimizing a company’s operational efficiencies and margins. The following insights can be gained from a business’s data:Decision Making & Forecast Planning
Decision making is always more creditable when an executive team has data as the foundation of their business planning. Company trends and patterns can be analyzed to help decision making more impactful, and successful.Business Performance Evaluations
Data brings into clear focus where business operations can be improved, or bottlenecks exist. Understanding exactly what issues exist is the first step to correcting problems.Market Analysis
In addition to a company’s unique data, market intelligence can be gathered to examine industry sales trends and patterns in relation to how they might affect a specific business’s performance.Risk Management
Data analysis is a great way to evaluate risk, or identify areas of vulnerability within a company. Whether it be in accounts payables/receivables, general operations, manufacturing, or supply chain management, present or potential problems can be minimized and corrected through looking at the hard facts that data provides.Data Discovery Services
In order for data to be used, it must first be found. Many organizations have their data stored in all different areas of the company, often with no consistency as to where it lives, or how it’s utilized. Whether it be information connected to sales, accounting, manufacturing, or inventory, the data is usually siloed in its respective business units. The highly experienced team at SOGID™ Management Consultants can help your organization centralize the storage of data, where it can be scrubbed, parsed, and used by everyone in the company. Our data discovery and data consolidation strategies are designed to meet the unique needs of every client. Let us put our Data Discovery Services to work by transforming your information into a cohesive and invaluable evaluation tool.Market Intelligence Services
In today’s constantly changing world, having a firm grasp on your business by studying internal data is only half the battle. In addition to using company specific analytics for decision making and strategic planning purposes, it is also extremely important to stay abreast of information about your competitors and industry as a whole. Our experienced team can put together a custom data analysis package for your specific business sector that includes information about market trends, industry forecasting, benchmarking, labor and wage data, as well as intelligence about specific competitors. Because your business is constantly being affected by outside forces, let us help you stay ahead of the curve with our Market Intelligence Services.Putting Three Decades of Experience to Work for You
Your company’s data contains an enormous amount of valuable information, critical to achieving business goals. The knowledgeable partners at SOGID can help you not only source and interpret, it but also build a winning strategy to move your organization forward. Let us show you how we can be a long-term partner in your company’s success.
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