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why you need to analyze data Benefits Concept

Benefits of Data Analytics

Posted by on Jan 21, 2019 in business, Data, LocationForms
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benefits of data analytics

Data analysis is a process of examining, inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and support decision-making, increasingly with the aid of specialized systems and software.

 

Why We Need to Analyze Data

  1. We need to analyze data in order to make the best out of information.
  2. To improve efficiency and flexibility in business.
  1. To help make better decisions.

 

Techniques/How to Analyze Data

how to analyze data

  1. Define Objectives: Any study must begin with a set of clearly defined business objectives.
  2. Pose Questions: To ask a question in the problem domain is very important.
  3. Collect Data: Data relevant to the question must be collected from the appropriate sources. When data is being collected using surveys, a questionnaire to be presented to the subjects is needed.
  4. Data Wrangling: Raw data may be collected in several different formats. The collected data must be cleaned and converted so that data analysis tools can import it.
  5. Data Analysis: This is the step where the cleaned and aggregated data is imported into analysis tools. These tools allow you to explore the data, find patterns in it, and ask and answer what-if questions.
  6. Drawing Conclusions and Making Predictions: This is the step where, after sufficient analysis, conclusions can be drawn from the data and appropriate predictions can be made. These conclusions and predictions may then be summarized in a report delivered to end-users.

 

Benefits of data analytics

benefits of data analysis

  1. Understanding of customers proactive and anticipating needs.
  2. It helps in delivering relevant products.
  3. Personalization, professionalization and service.
  4. Clearer foresight.
  5. Optimizing and improving operational efficiency.
  6. Increasing awareness of risk and fraud.
  7. Provides up-to-date information.
  8. Interactive sessions.
  9. Reduces costs and increase profits.

At LocationForms we provide you with effective and timely means of receiving all kinds of information remotely from anywhere in the world.

LocationForms is a mobile and webapp base platform designed specifically to gather location based information from the public. Information received through this platform is presented in an easily analyzable format and of maximum security with no external access. Click here to know all about LocationForms.

 

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Importance of Data Quality

Posted by on Jan 8, 2019 in Data, LocationForms, LocationForms App, Uncategorized
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Data is defined as facts or figures, or information which has been translated into a form that is efficient for movement or processing and stored for use. Data collection is a process by which data is gathered and measured.

Without data collection, companies would stumble around in the dark using outdated methods to make their decisions. It is through data collection that a business or management has the quality information they need to make informed decisions from further analysis, study, and research. Hence, we need quality data.

Why we Need Data

  • To ensure everyone meets their developmental potential.
  • To predict the future.
  • To inform early development policies and strategies.
  • To guide universal and targeted early intervention services and development.
  • To evaluate the effectiveness of our efforts to improve outcomes.
  • To monitor progress over time in improving outcomes.
  • If you use it correctly, you can make it a considerable competitive advantage.

Why we Need Quality Data

Data are of high quality if they are Fit for Use in their intended operational, decision-making and other roles. Maintaining data quality is a difficult but necessary task. In order to achieve consistent and reliable customer data, businesses must constantly manage data quality so that they can trust their data and enable quicker and more knowledgeable decisions.

  1. Data quality is important because without high-quality data, you cannot understand or stay in contact with your customers.
  2. To have accurate and timely information to manage services and accountability.
  3. For good information to manage service effectiveness.
  4. To prioritize and ensure the best use of resources
  5. The better the data quality, the more confidence users will have in the outputs they produce, lowering risk in the outcomes and increasing efficiency.
  6. Good-quality data allows staff to be more productive.

Properties of Quality Data

  • Completeness.
  • Consistency.
  • Accuracy.
  • Validity.
  • Timeliness.
  • Relevance.
  • Comparability.

How to Make/Measure data to be of Quality

  1. Keep bad data out of the database/list.
  2. Data collected must be secure and should only be used for authorized purposes.
  3. Looking for bad data already entered.
  4. Let the bad data find you and then fix things.
  5. Train staffs so they have the appropriate knowledge, competencies and capacity for their roles.
  6. Allocating resources.

At LocationForms we provide you with effective and timely means of receiving all kinds of information remotely from anywhere in the world.

LocationForms is a mobile and web app base platform designed specifically to gather location based information from the public. Information received through this platform is presented in an easily analyzable format and of maximum security with no external access. Click here to know all about LocationForms.

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Importance of Data in Business

Posted by on Jan 8, 2019 in LocationForms, LocationForms App
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Data is defined as facts or figures, or information which has been translated into a form that is efficient for movement or processing and stored for use. Data collection is a process by which data is gathered and measured.

Without data collection, companies would stumble around in the dark using outdated methods to make their decisions. It is through data collection that a business or management has the quality information they need to make informed decisions from further analysis, study, and research. Hence, the importance of data in business.

Why We Need Data in Business

  1. Data helps you make better decisions: Businesses can harness data to:
  • Find new customers.
  • Increase customer retention.
  • Improve customer service.
  • Better manage marketing efforts.
  • Track social media interaction.
  • Predict sales trends.

2. Data helps you see performance: Data helps to find the reason for under performance. Tracking and reviewing data from business processes helps you pinpoint performance breakdowns so you can better understand each part of the process and know which steps need to be optimized and which are performing well.

3. Data helps you improve processes: Data helps you understand and improve business processes so you can reduce wasted money and time.

4. Data helps you understand consumers and the market

How to Get Data for Business

1. By transacting with customers: This helps when you know details about a customer, like:

  • What they purchased.
  • How much they purchased.
  • When they made their purchase.
  • What promotions or coupons got them to buy.
  • How they paid for their purchase.

2. Online Marketing Analytics: When customers visit your stores website,Google Analytics should be able to give you demographic data on each visitor. This information can help guide how you prepare marketing campaigns, and which aspects of the site get the most attention.

3. Third-Party Promos.

4. Customer Reward Programs: Create a rewards program for your customers. Rewards programs will boost your overall sales by encouraging repeat shopping.

5. Use of tools or software apps to get info from your customers

 

Types of Data That are Important for Business

  1. Customer data: is any and all information that can be associated with a customer
  2. Internal financial data: used to gauge a company’s ability to generate revenue and profit
  3. Transactional Data: is information that documents an exchange, agreement or transfer that occurs between organizations and/or individuals
  4. Dark Data: Dark data is digital information that is not being used and lies dormant in some form.
  5. Machine data: is data that is generated by machines without human involvement.

At LocationForms we provide you with effective and timely means of receiving all kinds of information remotely from anywhere in the world.

LocationForms is a mobile and webapp base platform designed specifically to gather location based information from the public. Information received through this platform is presented in an easily analyzable format and of maximum security with no external access. Click here to know all about LocationForms.

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Use of LocationForms in a Nation’s Public Sector – Nigeria as Case Study

Posted by on Jun 22, 2016 in LocationForms usecases
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LocationForms can help a Nigerian Government Ministries to be more efficient, this efficiency gotten through the use of LocationForms can help the government save Billions yearly.  Some of the Natural use cases of LocationForms across Federal Ministries and parastatals include but not limited to the following

  • Monitoring and Evaluation of Projects
  • Real-time remote reporting of Field Workers
  • Asset management and Verification
  • Collecting and collating data for purposes of planning and financing.
  • Replacement of all Paper forms
  • Remote Verification
  • Information Surveys
  • National Data Repository
  • Registrations
  • Citizen Contact center
  • Verification Exercise
  • Visitors Management for Heads of Ministries and Political Office Holders.

(more…)

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About Locationforms mobile applications

Posted by on Apr 29, 2016 in LocationForms App
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Locationforms mobile applications  is specifically designed with the aim of providing convenience in filling and accessing various forms. To fully explore the benefits and uses of locationforms, it is advisable you have the mobile app downloaded on your phone. Some benefit of having the mobile app on your phone include (but not limited to the below): (more…)

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What is Location Forms

Posted by on Apr 29, 2016 in LocationForms
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What is LocationForm all About

LocationForms is a mobile and web app base platform designed specifically to gather location based information from the public. LocationForms provide an effective and timely means of receiving all kinds of information remotely from anywhere in the world. Information received through this platform is presented in an easily analyzable format. Information gathered is of maximum security with no external access.

(more…)

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