Advanced analytics is an umbrella term covering more traditional disciplines such as data mining, time series forecasting and statistical modelling as well as more recent disciplines such as text analytics and machine learning – including deep learning.
Your business is collecting thousands – if not millions – of data points a day. But which relationships can deliver valuable insights and a competitive advantage?
Advanced Analytics can help you sift through data and identify patterns and correlations that can make your business stronger.
EG listened to us and then put together a solution that works and lets us see the big picture.Carsten Borchert, CFO, Linak A/S
In today's climate of increasing transparency around prices and services, it can be difficult to increase volumes and grow earnings in traditional ways.
By taking full advantage of your data, you can identify and extract knowledge from both new and existing sources – detailed knowledge about your customers, partners, the market and your own processes.
Advanced Analytics gives you the tools and methods to put your data to work.
Using Advanced Analytics, you can:
The quantity, velocity and variety of the data that is created by companies are all increasing rapidly. Data is being generated faster than we can understand and consume them. Advanced Analytics considers whole data sets, not just individual data points, so you can find the hidden value in your data.
In brief, machine learning is a computer program that can learn to predict a certain outcome based on data. Contrary to other computer programs, it is unnecessary to explicitly specify the rules that determine the outcome. Machine learning – and the area called deep learning in particular – is an important component in solutions based on artificial intelligence.
Machine learning can be used to create value in all industries – e.g. in the production industry to predict breakdown in the production machinery, in the retail industry to suggest offers to customers, and in the utility industry to predict customer defection.
Contact us if you are interested in talking about what machine learning can do for your company and how you get started.
Implement loss prevention with intelligent transaction analysis
EG's dynamic, data-based transaction analysis does what rule-based analysis cannot. It adapts for different seasons, sales periods and other factors as it keeps a lookout for suspicious employee behaviour. And it produces substantially fewer false positives.
Create unique customer insights with basket analysis
Increase add-on purchases and customer loyalty with our recommendation system tailored for each individual customer. Use data you already have in your system to analyse each customer's buying history and suggest products and services that are right for them.
Create coherent customer experiences with an advanced data analysis tool.
Omnichannel Optimiser streamlines your customer communication across all channels. Based on the data you upload, each customer's historical buying pattern and other characteristics are used to calculate which next best offers the customer is most likely to accept.
Increase profitability through data-driven forecasting.
Many of your company's core decisions in the field of planning are driven by expectations for the future demand. With statistical forecasting, you can predict the demand with much more accuracy. This offers a number of advantages that are reflected in the cash flow and on the bottom line.
The use of advanced analytics for resolving business issues is relevant across the entire organisation. At EG, we are experienced in resolve issues within the following business areas.
Should you build a new production facility this year? What is the best way to take advantage of the latest currency fluctuations? How can you cut shrinkage at your warehouses?
Whether it is big decisions or adjustments to day-to-day operations, strategic decision-making is stronger and smarter with the help of Advanced Analytics.
In the age of Big Data, it can be hard to sort input like macro-economic indicators, demographics, raw-material prices, infrastructure and shipping rates and know how to use them to help your business excel.
Advanced Analytics will help you turn that data to your advantage, uncovering otherwise hidden correlations.
You can strengthen and improve the basis of your financial decision-making when you use models and calculations to analyse your many, often contradictory, data sources.
If the finance department does not take advantage of the opportunity to lead the way in putting data analysis to work, it will also miss its chance to be a true sparring partner for the companyDeloitte, 2014
Advanced Analytics helps you quickly identify valuable customers at risk, so you can target them with sales and marketing efforts and use your resources most efficiently. Why not use data you already have to gain insight into your customers' historical and potential patterns of action?
EG's Advanced Analytics lets you:
Advanced Analytics lets you examine every aspect of the value chain and identify the weakest links.
You will be able to optimise, automate and integrate a vast number of mutually dependent "micro-decisions" about everything from ordering and production to staffing and QA.
Use data to lower inventory on-hand while avoiding empty shelves, or to predict future orders so they can be grouped together in the best possible way.
Advanced Analytics can help create tangible business benefits in every area of your production and supply chain management. You can:
97 % of top management understands that analysing big data makes it possible to optimise the entire supply chain – but only 17 % have implemented analytical tools to do the job.Accenture Global Operations Megatrends Study, 2014
