Data is the oil of the future and data analytics is the seismic.
Data analytics enables organizations to collect and analyze all their data to identify patterns and generate insights to support decision making at both operational and strategic levels. Classic reporting strategies to support decision making are becoming obsolete. They have been complemented and enriched by more robust models generated from internal and external data that allow modeling the company’s reality in a more accurate way. Those responsible for a process must have an analytical attitude based on data to solve organizational problems by generating models, both descriptive and predictive, that allow companies to strengthen their competitive advantages. Taking advantage of internal and external information on user traits and habits, market trends, resource utilization, loss and inventory levels, among others, generates large information patterns that can help establish optimization actions, take advantage of opportunities or reduce costs. Translated with www.DeepL.com/Translator (free version)