LONDON--(BUSINESS WIRE)--Quantzig, a global analytics solutions provider, has announced the completion of their most recent whitepaper on data analytics and why is it an essential tool for businesses. The use of data analytics can help companies reduce procurement costs, increase sales force effectiveness, and optimize supplier and vendor relationships.
In today's competitive market scenario, businesses use tools like data analytics to create business value and a competitive advantage. By using data analytics, organizations can save thousands of pounds, improve procurement efficiency, and differentiate themselves from the competitors.
According to the data analytics experts at Quantzig, "Infusing data analytics into the organization's architecture can help stakeholders and key decision makers to understand customer behavior and identify new and innovative ways to increase sales."
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Some advantages of implementing data analytics
- Cost savings – Some primary analytics tools like cloud-based analytics can help organizations to gain an advantage over other businesses.
- Time reductions - Organizations have started leveraging the use of in memory-analytics to detect new sources of data and make rapid decisions.
- Analyzing market conditions - The market conditions are changing with the fluctuating preferences of the customers.
- Maintaining brand loyalty- Data analytics can help organizations measure their online buying behavior to improve online presence.
- To read more, download FREE sample
Download the complete data analytics whitepaper here:
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 14 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on all of Quantzig's services and the solutions they have provided to Fortune 500 clients across all industries, please contact us.