{"id":41803,"date":"2022-02-28T11:57:03","date_gmt":"2022-02-28T11:57:03","guid":{"rendered":"https:\/\/www.msmehub.org\/?p=41803"},"modified":"2022-02-28T11:57:03","modified_gmt":"2022-02-28T11:57:03","slug":"startups-can-analytics-for-efficient-service-delivery","status":"publish","type":"post","link":"https:\/\/msmehub.org\/staging\/6671\/startups-can-analytics-for-efficient-service-delivery\/","title":{"rendered":"How to Leverage Data for Business Growth"},"content":{"rendered":"<p>Many organizations are seeking ways to offer their products and services to customers in an efficient way in order to save time, ease their processes and provide the highest quality of delivery as at the expected time.<\/p>\n<p>One major opportunity that most start-ups are not taking advantage of in their quest for efficiency is the availability of data in the public domain as well as the internal data they are gathering to make business intelligent decisions.<\/p>\n<p>When is mined correctly, it helps you act with precision and less assumption and it reduces the margin for error and ultimately makes your business thrive.<\/p>\n<p><strong>How To Gain Actionable Insights From Data<\/strong><\/p>\n<ul>\n<li><strong>Data gathering<\/strong><\/li>\n<\/ul>\n<p>Gathering of data is the most rigorous step as without data, the ability to make <a href=\"https:\/\/www.abujadataschool.com\/website-design-training-in-abuja-nigeria\/\">decision<\/a> is hampered. Assumptions would thrive and there would be much gap in the margin of errors. Before collecting data, the scope of the project in terms of questions to be asked in the survey, the duration of the <a href=\"http:\/\/www.thebroadnews.com\">project<\/a> and field enumerators to be used as well as medium for gathering the data should be known. These tools are for gathering data Surveymonkey, Google forms, Microsoft forms, Hubspot and Google analytics.<\/p>\n<ul>\n<li><strong>Data Cleansing<\/strong><\/li>\n<\/ul>\n<p>Data cleansing or <a href=\"https:\/\/www.abujadataschool.com\/microsoft-office-training-in-abuja-nigeria\/\">wrangling<\/a> is the art of removing unwanted items not needed in working with the data collected such as symbols, extra spacing, grammatical error etc.<\/p>\n<ul>\n<li><strong>Data Analysis<\/strong><\/li>\n<\/ul>\n<p>To analyze any form of data that has been collected, these tools are the most comprehensive tools in the <a href=\"https:\/\/www.abujadataschool.com\/microsoft-project-management-training-in-abuja-nigeria\/\">marketplace<\/a>, they include Microsoft Excel, SPSS, STATA, Python, R programming, MATLAB, E-views.<\/p>\n<ul>\n<li><strong>Data Visualization<\/strong><\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.abujadataschool.com\/data-visualization-training-in-abuja-nigeria\/\">Data visualization<\/a> is the art of representing data in the form of charts in order for comprehension by stakeholders. Examples of tools for data visualization are Power BI, Tableau etc.<\/p>\n<ul>\n<li><strong>Business Intelligence<\/strong><\/li>\n<\/ul>\n<p>The action taken having seen the feedback hidden in the data collected is called business intelligence (BI). This is the most important aspect in order to act with precision.<\/p>\n<p><strong>What is Predictive Analytics?<\/strong><\/p>\n<p><a href=\"https:\/\/www.abujadataschool.com\/customer-service-training-in-abuja-nigeria\/\">Predictive Analytics<\/a> is a form of using records from past data collected over a period of time to determine what the future holds in the form of forecasts. Predictive Analytics is a branch of data analysis that helps to make decisions in the business world.<\/p>\n<p><strong>Tools for Predictive Analytics<\/strong><\/p>\n<p>There are free and paid tools for <a href=\"http:\/\/www.abujadataschool.com\/\">predictive analytics<\/a> and they are numerous in the form of software applications. They can be utilized by anyone who has competence in gathering data from customers through surveys or from a database and knowledge of which tool is applicable to best analyze certain data.<\/p>\n<ol>\n<li><strong> Non-coding tools<\/strong><\/li>\n<\/ol>\n<ul>\n<li>Microsoft Excel<\/li>\n<li>SPSS<\/li>\n<li>STATA<\/li>\n<\/ul>\n<ol start=\"2\">\n<li><strong>2<\/strong>. <strong>Coding tools<\/strong><\/li>\n<\/ol>\n<ul>\n<li>Python<\/li>\n<li>R Programming<\/li>\n<\/ul>\n<p><strong>Application of Predictive Analytics<\/strong><\/p>\n<ol>\n<li>Stock Control<\/li>\n<li>Staff Utility<\/li>\n<li>Price fixing<\/li>\n<li>Managing of Peak Times<\/li>\n<li>Determining call rates<\/li>\n<\/ol>\n<p>The future of business will be driven by African <a href=\"http:\/\/www.abujadataschool.com\/courses\/\">start-ups<\/a> that can use the data gathered to study behavioral tendencies of customers and how to serve their needs with a greater level of efficiency.<\/p>\n<p>Read Also:\u00a0<a href=\"https:\/\/msmehub.org\/staging\/6671\/thriving-through-disruptions-tips-for-startups\/\">Thriving Through Disruptions &amp;#8211; Tips for Startups<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many organizations are seeking ways to offer their products and services to customers in an efficient way in order to save time, ease their processes and provide the highest quality of delivery as at the expected time. One major opportunity that most start-ups are not taking advantage of in their quest for efficiency is the availability of data in the public domain as well as the internal data they are gathering to make business intelligent decisions. When is mined correctly, it helps you act with precision and less assumption and it reduces the margin for error and ultimately makes your business thrive. How To Gain Actionable Insights From Data Data gathering Gathering of data is the most rigorous step as without data, the ability to make decision is hampered. Assumptions would thrive and there would be much gap in the margin of errors. Before collecting data, the scope of the project in terms of questions to be asked in the survey, the duration of the project and field enumerators to be used as well as medium for gathering the data should be known. These tools are for gathering data Surveymonkey, Google forms, Microsoft forms, Hubspot and Google analytics. Data Cleansing Data cleansing or wrangling is the art of removing unwanted items not needed in working with the data collected such as symbols, extra spacing, grammatical error etc. Data Analysis To analyze any form of data that has been collected, these tools are the most comprehensive tools in the marketplace, they include Microsoft Excel, SPSS, STATA, Python, R programming, MATLAB, E-views. Data Visualization Data visualization is the art of representing data in the form of charts in order for comprehension by stakeholders. Examples of tools for data visualization are Power BI, Tableau etc. Business Intelligence The action taken having seen the feedback hidden in the data collected is called business intelligence (BI). This is the most important aspect in order to act with precision. What is Predictive Analytics? Predictive Analytics is a form of using records from past data collected over a period of time to determine what the future holds in the form of forecasts. Predictive Analytics is a branch of data analysis that helps to make decisions in the business world. Tools for Predictive Analytics There are free and paid tools for predictive analytics and they are numerous in the form of software applications. They can be utilized by anyone who has competence in gathering data from customers through surveys or from a database and knowledge of which tool is applicable to best analyze certain data. Non-coding tools Microsoft Excel SPSS STATA 2. Coding tools Python R Programming Application of Predictive Analytics Stock Control Staff Utility Price fixing Managing of Peak Times Determining call rates The future of business will be driven by African start-ups that can use the data gathered to study behavioral tendencies of customers and how to serve their needs with a greater level of efficiency. Read Also:\u00a0Thriving Through Disruptions &amp;#8211; Tips for Startups &nbsp;<\/p>\n","protected":false},"author":1152,"featured_media":41901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[366,348,349,308],"tags":[],"class_list":["post-41803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-startups","category-operations","category-sales-and-marketing","category-startup-basics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Startups Can Use Analytics Tools To Deliver Efficient Service<\/title>\n<meta name=\"description\" content=\"One major opportunity that most startups are not taking advantage of is the availability of data in the public domain\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Otori","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/f5eb4b9ac1b53116f7991198628baf51c4e5986cf00ce11e05c462d34a50185a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/f5eb4b9ac1b53116f7991198628baf51c4e5986cf00ce11e05c462d34a50185a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5eb4b9ac1b53116f7991198628baf51c4e5986cf00ce11e05c462d34a50185a?s=96&d=mm&r=g","caption":"Emmanuel Otori"},"description":"Emmanuel is a Small Business Consultant, Start-Up Advisor and Consultant For SMEs across Nigeria. He's also the CEO of Abuja data School. He Has Worked With 50 Small Businesses, Including A World Bank And Federal Government Project. He Has Provided Advisory Services, Capacity Building Trainings And Consulting In The Hospitality, Information Technology, Fashion, Agric, Power And Services Sector.","sameAs":["https:\/\/www.abujadataschool.com\/","https:\/\/web.facebook.com\/otori.emmanuel","https:\/\/www.linkedin.com\/in\/emmanuelotori\/","https:\/\/x.com\/https:\/\/twitter.com\/emmanuelotori5"],"url":"https:\/\/msmehub.org\/staging\/6671\/author\/emmanuel-otori\/"}]}},"_links":{"self":[{"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/posts\/41803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/users\/1152"}],"replies":[{"embeddable":true,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/comments?post=41803"}],"version-history":[{"count":5,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/posts\/41803\/revisions"}],"predecessor-version":[{"id":41963,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/posts\/41803\/revisions\/41963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/media\/41901"}],"wp:attachment":[{"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/media?parent=41803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/categories?post=41803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/msmehub.org\/staging\/6671\/wp-json\/wp\/v2\/tags?post=41803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}