In the contemporary European business environment, the relevance of thorough data analytics has become increasingly vital. Businesses can harness analytics and business intelligence to make well-founded, data-driven decisions, uncover valuable insights into customer behaviors, and capitalize on the vast amount of available data to refine operations, augment customer experiences, and stimulate growth and profitability.
Maximize Business Success with Valenta’s Managed Data Analytics service,
Insights from Nathan Morris
Mid-sized European businesses can encounter obstacles when attempting to exploit the benefits of data analytics. Common challenges include limited human resources and expertise, restricted budgets that constrain investments in state-of-the-art data analytics technology or the hiring of specialized data analysts, and access to high-quality data. Incomplete or inconsistent data can impede the generation of accurate insights and make drawing meaningful conclusions challenging. Robotic process automation (RPA) can considerably help with automating data collection. Another issue mid-sized European businesses may face is the integration of data from diverse sources. Data may be scattered across multiple systems, complicating the task of effective integration and analysis. This can result in an incomplete grasp of the business, obstructing informed decision-making. RPA bots can also facilitate addressing this challenge.
At Valenta, we are dedicated to supporting our European clients by merging quality data collection with astute analysis. Our expertise in business intelligence and the deployment of RPA bots enables us to deliver comprehensive data analytics solutions tailored for European businesses. Valenta is a superior choice for data analytics consulting and managed services across Europe, owing to our comprehensive expertise in data analytics and our adaptable, client-centric approach. As a data analytics consulting firm, Valenta encompasses a team of local Managing Partners strategically positioned in cities throughout Europe. Our Managing Partners possess experience in data analytics and excel at deploying services in collaboration with our onshore, nearshore, and offshore staff.
Valenta Managed Data Analytics services provide European businesses access to a cadre of proficient data analysts who are adept at navigating intricate data environments and aiding companies in producing accurate insights. We employ state-of-the-art data analytics technologies to ensure that businesses have access to top-quality tools and innovative solutions. Valenta offers a flexible, scalable model that can be tailored to accommodate the distinct needs of each business operating in the European market.
Work with Valenta to identify your Analytics Strategy. Most Businesses use Business Intelligence Tools to create Dashboards but confuse that with Analytics. It is important to understand the difference between Business Intelligence, Business Analytics and Data Analytics.
Business Intelligence helps in the process of collecting, storing, and analyzing data from business operations. BI provides comprehensive business metrics, in near-real-time, to support better decision making. You improve almost every aspect of your business with better business intelligence.
A subset of BI, Business Analytics, refers to the process of taking your company’s raw data and turning it into useful information, including identifying trends, predicting outcomes, and more. Some common methodologies in business analytics are Data Mining, Aggregation, Forecasting, Predictive Modelling and Data Visualization.
Data analytics is the technical process of mining data, cleaning data, transforming data, and building the systems to manage data. Data analytics takes large quantities of data to find trends and solve problems. Data analytics is the big picture.
Data Visualization Product – Provides information to CFO & CEO
Valenta believes in designing, modernizing, and building mission Critical technology systems which most clients depend on every day. We are focused, independent company, implementing Valenta’s Business-Unit Prototype, we make sure that strategic requirements are covered, and that the solution is built from end-to-end from a chosen business function.
Current State Analysis
Introduction: The first step of a successful centralized cloud data storage and analytic implementation is a full-scope discovery. This is required to understand the current state and needs of each individual business unit.
Goal: To help companies understand the Solution set, Timeline, Resource Requirement and Costs.
High-Level Data Model
Importance: Obtain a workplan outlining time per resource, hourly breakdown and required technologies.
Introduction: The Minimum Viable Product satisfies critical business, and a product can be called minimally viable if it has some features to be validated within the market and brings the core value to early adopters.
Goal: To help companies validate their opportunity hypothesis and get the green light for developing a full-fledged product.
Resources optimization & Customer acquisition
Importance: MVP lets you understand different problems your future customers need to solve.
In this phase, new data types are added, and more focus is put on common understanding, consistency, and the accuracy of data.
Based on the learning experiences, new enhancements and features are proposed and implemented.
Work is focused on further adoption at the same time making sure that settled users are not impacted by the changes.
We extract the data into a data warehouse, clean it to ensure high-quality data, and integrate the data into the customer’s warehouse.
We Provide daily reporting as well as ad hoc analytics and if required we can setup alerts for business users that will notify if any deviation is found.
Valenta is agile in providing accurate reporting. We strive to enhance the consistency of the analysis, respond to changing business needs and provide solutions.
An essential part is setting up necessary protection to minimize risk and protect analytical assets.
The end results will consist of a centralized team in charge the finding and promoting interesting analysis across the entire organization.
Local teams will be empowered to create and innovate. The centralized team identifies the most successful work being done at a local level and provides a platform to share and promote this work at a corporate level.
The following key benefits will be attained by implementing Valenta’s Centralized Cloud Data Storage and Analytic solution:
Accessing current information architecture and get a data strategy roadmap providing competitive advantage while aligning to business needs.
Also, the below steps help in providing right analytics capabilities for real-time marketing insights and decision making
Driving Digital Transformation by leveraging best-in-class technology solutions: