I

 t is imperative that businesses in today’s world manage databases for analytical decision-making, strategies, and operations. These databases, when appropriately managed, have the potential to deliver significant business value with high accuracy.

In the online training series recently organized by Microsoft and Just Analytics, representatives from Just Analytics have shed insightful lights on the concept of ‘Data Modeling’, which focuses on the importance of data and data analysis for businesses. So which analytical methods can businesses leverage to maximize their data resources?

The importance of cultivating data in business decisions 

With the daily creation and proliferation of data, managing data is essential in achieving operational excellence and enabling valuable insights for every business. By properly harnessing the value of data assets, organizations can refine and improve enterprise strategy, reduce costs, and altogether drive faster and more accurate decision making. Data analysis has a great impact across diverse industries, such as Retail, Consumer Goods, Financial Services Industry, Manufacturing, Insurance, etc.

For instance, by collecting data from multiple channels, such as social networks, call logs, store visits, browsing history, retailers can fully observe customer buying behaviors and adjust business operations accordingly, from marketing to customer services. In addition to business strategy, data analytics create seemingly limitless opportunities to glean potential insights on new customers and give a competitive edge to boost business value.

In search for the best data analytics tools for businesses

Data recording is one of the key steps of the data analysis process, which includes the act of collecting and analyzing scattered information. For this purpose, Dashboard has become a highly compelling choice for most managers. In fact, it is considered the best tool when it comes to data harnessing and data analytics.

There are many tools in the market that allow businesses to build their own effective Dashboards. Leading examples include Power BI, Tableau, Qlik, Supermetrics, Google Data Studio, etc. These Dashboards have proven to be exceptionally efficient, even for huge amounts of data coming from a wide array range of business departments - from ERP (the multi-functional, multi-departmental management software that helps businesses collect, store, manage, and analyze data from business operations) to CRM (the platform for data management and analyzing customer interactions) or even other systems.

So how does a Dashboard fully display all the important information and activities of the business? Let’s look at some of the examples below:

Business Dashboard for Daily Sales

Business Dashboard for Distributor Inventory 

Mr. Dang Trung Tin - Country Manager of Just Analytics Vietnam commented: “Dashboards are just the tip of the iceberg. Enterprises need to identify their objectives, effectively address value-driven business cases, and develop a clear roadmap in order to have a holistic approach. From there, they can build their way up using a centralized data platform accompanied with various AI solutions. Successful digital transformation must be embodied with transformation from the mindset, and all the factors which shape the process itself.”

Just Analytics - Leading the curve in business data analysis 

Just Analytics is developed by former Oracle data architects and a team of certified consultants with the mission to help business clients understand the importance of data analytics in making better business decisions. Since its inception in 2011, the Singapore-headquartered company is now a leading Data & Artificial Intelligence (Data & AI) solution provider and has become a compelling choice for many market-leading businesses in Vietnam and South East Asia to realize the true potential of business data platforms. To date, it has partnered with more than 300 projects spanning across different industries, such as Retail, Consumer Goods, Financial Services Industry, Manufacturing, Insurance etc. Some of their notable partners are Suntory Pepsico Vietnam Beverage, SSI, Starbucks, and National Gallery Singapore.

Choosing the right partner for data analysis solutions is crucial for achieving operational excellence and enabling long-term valuable insights for your business. To catch the latest events or workshops from Just Analytics and Microsoft, visit here. To receive consulting sessions on business data analysis, contact us here.

Originally published on GenK in Vietnamese, translated by Tran Le Nhat My.