Posts tagged: bigdata

Importance of BI tools for Pharmaceutical Industry

By admin, June 16, 2017

The pharmaceutical industry has been focusing much of its energy on producing the next chartbusting drugs.

However, the industry is also facing challenges in terms of the changing regulations, increasing number of declines on drug approvals and the continuing need to develop high value biologics. Refocusing efforts is imperative.

There are existing processes, systems and practices that need to be immediately addressed. Key performance indicators (KPI) using BI tools help corporations identify areas that need continuous development and highlight successes already achieved. This helps pharmaceutical companies grasp their management operations better.

What is KPI?

Simply put, KPI is a measurement of something that is vital in a business’s operations. In the pharmaceutical industry, measurements on drug cost overall trend for a certain drug are examples of KPIs.

What KPIs to Include

Before using dashboard software to view KPIs, it is important that useful KPIs be identified first. Some KPIs are not useful to a certain organization, depending on the operations and the needs of that organization. It is therefore important to have long discussions first before operating a KPI dashboard. Discussions should tackle on:

  • Assessing the organization’s strategies.
  • Determining the business drives that have an impact on the execution of strategies.
  • Identification of long-term and short-term goals.

Determining useful KPIs is one the most important tasks of managers. KPIs based on the organization’s objectives are essential components of an effective and helpful dashboard. What you will see on the dashboard will largely depend on how you specify your KPIs.

Read more at http://www.infocaptor.com/dashboard/dashboard-bi-tools-for-pharmaceutical-industry

Benefits of Dashboards and Analytics for Hospitality Industry

By admin, April 22, 2017

Briefly, dashboard software offer a method of collecting and organizing data. Using simple access points and display functions, this software can provide their users with snapshots of measurable metrics that they can then use to make better decisions, in this case, on running their establishments.

Enabling informed decision-making is one of the primary benefits and use of dashboard for hospitality.

The hospitality industry is rapidly growing. And with competition at every corner, it is important for hotels to properly manage their operations. Also, to have access to reliable metrics that will help them develop business strategies that can be capitalized on.

This is one of the reasons why business dashboards are essential. For one, a dashboard can help hotel managers facilitate the different departments under their supervision.

One of the highly-valued benefits and use of dashboard for hospitality is obtaining valuable analytic data that clearly presents how each sector operates, their efficiency, and of course, how every action translates to costs and savings for the establishment.

Basically, a dashboard provides you with a picture of how well your hotel is running. It offers easy-to-understand charts, graphs, and measures at a glance. Simple and effective, there is no need to exhaust valuable time and energy reading and interpreting data as the system does these for you.

Read more at http://www.infocaptor.com/dashboard/how-can-hospitality-industry-benefit-from-dashboards-and-analytics

Benefits of Dashboards for Healthcare

By admin, April 12, 2017

Data backing is extremely important; measurable, accurate metrics more so. In industries, such as healthcare, metrics allow for better strategy formulation and implementation.

Although it is not as easy to convert users of so-called tried and tested management methods, there is a chance of effecting change when increasing costs and decreasing revenues enter the picture.

These days, data is not as difficult to obtain. And when you are running a healthcare business, this is not something you can just turn your back on.

Health costs are always on the rise, leading to the entry of service providers offering to provide healthcare services at a fraction of the price. This then, makes the competition for consumers fiercer every day.

Thus, it is essential to have measurable data for everything from patient spending, operational costs, profits and losses, and the like. These are what KPI performance dashboards for healthcare aim to provide.

5 top factors for amazing dashboard building

By admin, April 1, 2017

When it comes to putting together an amazing marketing dashboard, your success depends on a number of key factors. You want to choose the right metrics to watch, and you want a dashboard that's well designed to deliver the information you need, in the best format.

Your dashboard should contain all the key information you use to continue making informed decisions about your marketing campaign. And it should be easy to interpret at a glance.

Here are some of the key factors to consider as you construct a truly amazing dashboard experience.

Read more at http://www.infocaptor.com/dashboard/the-top-5-factors-for-building-amazing-dashboards

Differences between charting engine, analytics software and dashboard software

By admin, March 24, 2017

Every often we would get users asking us 'How different is your dashboard software from XYZ Business Analytics?'

The XYZ spans across the entire Business Intelligence umbrella and often into the Website development and applicaton side as well.

Some of the questions are like

'How different is infocaptor dashboards from Tableau?"

'How is it infocaptor unique from Qlikview'

'How is it different from Oracle BI or SAP BI', the list goes on. But these are the questions we are prepared for and have very good value propositions. We do have a general understanding for most of the top business intelligence tools so we are perfectly comfortable with such questions.

The tougher questions are when the users want to understand how different are we from different charting software like d3js, Highcharts etc.

To understand the difference let us understand the basics…

Read more at http://www.infocaptor.com/dashboard/charting-engines-vs-analytics-software-vs-dashboard-software

Y Combinator companies has more funding than the sum total of all remaining accelerators – Data Visualization – Analytics

By admin, February 20, 2015

Like most Data scientists who believe in the power of simple bar graphs we used our first “chart weapon” of choice and here it is what it rendered.

Read more at Y Combinator companies has more funding than the sum total of all remaining accelerators

USA War Casualties – Data Visualization – Analytics

By admin, February 20, 2015

Analysing the dataset for Afghanistan, we summarize the results by the year

NOTE: This contains only Afghanistan metrics. We will later update the visuals to reflect Iraq war.

Read more at USA War Casualties

50 years of killing Deer – Data visualization and analysis – Data Visualization – Analytics

By admin, February 7, 2015

Virginia maintains the summary of Deer kills way back from 1947

The stack bar gives a total view of the killings and how it has grown over the years

Read more at 50 years of killing Deer – Data visualization and analysis

Visualization on How the undergraduate tuition has increased over the years – Data Visualization – Analytics

By admin, February 7, 2015

Average undergraduate tuition and fees and room and board rates

Read more at Visualization on How the undergraduate tuition has increased over the years

Fresh and Frozen Fruit consumption – U.S. Bureau of Labor Statistics

By admin, February 6, 2015

Read more at Fresh and Frozen Fruit consumption – U.S. Bureau of Labor Statistics