What are the benefits of data analytics and predictive analytics?
Data analytics helps organizations harness their data either in the cloud or on premise. The data is used to identify new opportunities and measure and benchmark the performance of the business. The data mining and analysis process leads to smarter business moves, more efficient operations, revenue, higher profits and happier customers. Many corporations are using big data in many ways to understand the inner workings of their own business leading to a competitive edge allowing them to be more agile and nimble because they can react with insights that others miss. We are seeing numerous SMB customers migrating and turning to big data to help them with their business decisions. Big Data is not for just large enterprises it is for everyone! Here are just some of the immediate benefits of using data analytics:
- Cost reduction. Big data technologies such as Hadoop and cloud-based analytics bring significant cost advantages when it comes to storing large amounts of data – plus they can identify more efficient ways of doing business.
- Faster, better decision making. With the speed of Hadoop and HANA in-memory analytics, combined with the ability to analyze new sources of data, businesses can analyze information immediately – and make decisions based on what they’ve learned in real time. Reacting to a situation as it happens not after it’s occurred.
- New products and services. With the ability to gauge customer needs and satisfaction through predictive analytics one gains the power to give customers what they want with a targeted and customized per client offerings. More companies are creating new products tailored to their individual customers’ needs.
What Capabilities does Carvechi Technology Bring?
Carvechi technology solves the challenges that customers are facing with data analytics and helps them to understand how to scale their business and how to leverage the wealth of data. Our managed IT services team has the capabilities our national clients require with experience in Oracle and SAP. We provide the following services:
- Data Management & Warehousing: Either cloud or on premise you can gain the valuable insight while lowering administration, storage, development and server costs.
- Hadoop System: Bring the power of Apache Hadoop to the enterprise with application accelerators, analytics, visualization, development tools, performance and security features.
- Stream Computing: Efficiently deliver real-time analytics through stream processing allowing you to constantly analyze data as it flows by. Capturing and reacting to data in motion gives on real time tools to even cut off threats as they happen and even before they happen with predictive analytics to support decisions.
- Content Management: Enable comprehensive content lifecycle and document management with cost-effective control of existing multi-media and raw data for all content types and formats with scale, security and stability.
- Information Integration & Governance: All your data is secure, providing you the confidence in big data with the ability understand, manage and govern your data worry free.
- Integration with existing systems: Turn your old data into dollars integrating legacy information into the data warehouse platform.
What is Carvechi Technology Strategy?
Carvechi Technology helps you define and create your Big Data Strategy so you can exploit large, diverse, legacy data sets turning them into real time decision making tools. Accessing even the fastest moving data giving you real time and even predictive decision making power to drive your business. Improve your business performance through new insights! Our Big Data managed services strategy starts with a consulting engagement to review business systems, outcomes, departmental requirements, and technology dependencies. Depending on the scale and complexity of your organization and your goals for the project. Our experienced specialists work with your experts through a series of workshops across business, data, and solution domains to:
- Data Value: Assess available data and its structures.
- Business buy in: Discuss with the business the opportunities available and business advantages of using big data and how they align to your strategic priorities.
- The Results: Show you how to make better, more informed business decisions in real time and what data you’ll need to make these
- Better decision: Real time data analysis so you can make informed decision at a faster time and how predictive can enhance these outcomes
- Return on Investment: How big data investments will create business value. Most companies see a 10x return, many 100x
- Technology support: Technology requirements and what the business will need to be successful and discussion of CAP-ex vs OP-ex
- Expense review: No Big expenses as we have a partner eco-system with SAP and Oracle and we are able to make the solution more affordable with a subscription based service.
- Helping hand: Carvechi Technology managed services team provides IT services, products and is your partner to discussing the requirements and advantages of data analytics. We can consult co-develop, build, and even fully manage as a white gloves service.