Data Engineering

Is Azure Infrastructure as a Service The Future of Cloud Computing?

Microsoft Azure is one of the top three cloud computing platforms used by various business organizations. Here, we’ll discuss the basics, use cases, benefits, and examples of Azure infrastructure being the future of cloud computing. Microsoft Azure is a popular cloud platform with an extensive ecosystem of tools, technologies, applications, storages, frameworks, etc., useful for diverse requirements. It is among the top three cloud solutions in the global market. According to statistics, Azure’s market share reached 24% in 2024, and the customer base grew by 14.2% from 2023. Since its launch in 2010, Azure has been a tough competitor. Azure, AWS (Amazon Web Services), and Google Cloud continue to be the top three cloud platforms for SaaS, PaaS, and IaaS solutions. The 2024 Azure Market Report states that Azure has 350,000 customers for cloud computing services. Azure infrastructure as a service (IaaS) can streamline business processes across all verticals and reduce the pressure of maintaining and upgrading the systems on-premises. But what are Azure infrastructure services? Where do data engineering services come into the picture? How can Azure IaaS help a business? Let’s find out in this blog. What is IaaS on Azure? Infrastructure as a service (IaaS) is a cloud computing service where the entire IT infrastructure (storage, networking, backup, applications, virtual machines, etc.) is hosted on a remote cloud server. It allows businesses to save money through the pay-on-demand pricing model. Businesses can reduce the expenses of maintaining the data silos in each department and upgrading the hardware periodically. With IaaS, organizations also gain access to real-time insights and can quickly embrace advanced technologies. Azure infrastructure as a service encourages flexibility, scalability, and reliability of the IT system in an enterprise. From a startup to an established enterprise, any business can invest in Azure IaaS and build a robust cloud-based IT infrastructure. Existing setups can be migrated to the cloud, or a new infrastructure can be built and deployed on the Azure cloud. This depends on various factors like business requirements, timeline, budget, legacy systems, long-term objectives, etc. Testing, implementation, integration, storage, data backup and recovery, web app development, etc., are a part of the services. Since it is a complex process, most organizations prefer collaborating with certified Microsoft Azure partners to handle the task. This ensures complete access to the tools and apps in the Microsoft marketplace and the necessary expertise to keep things running seamlessly. A certified partner has the necessary experience and skills to customize Azure cloud infrastructure to suit the business needs. What is Azure Data Engineering? Data engineering is the process of designing, building, and maintaining data systems to collect, store, and analyze large datasets and derive meaningful real-time insights. It combines many responsibilities and the core part of the data-driven model. Azure data engineering services are provided by certified data engineers who offer end-to-end support in managing data and data systems on the cloud. An Azure data engineer will integrate, transform, and consolidate data from multiple sources to make it possible to derive insights. From building data pipelines to handling structured, semi-structured, and unstructured data in large quantities and helping stakeholders understand the analytical reports, a data engineer has much to do. Data engineering companies also offer Azure IaaS solutions and help businesses build the data warehouse/ data lake on the cloud platform. The experts create the necessary system connections to make the insights accessible to employees through customized dashboards. This helps in making proactive data-driven decisions. Benefits of Azure Infrastructure as a Service (IaaS) Enhanced Data Security and Encryption Azure infrastructure encryption offers built-in security features and capabilities to keep the business data and systems safe from unauthorized access. It also helps organizations adhere to data privacy regulations based on geographical location and industry standards. With Azure, businesses can reduce the risk of cyber threats and protect user data. Centralized and Cloud-Based Infrastructure Maintaining individual IT systems with data scattered throughout the enterprise is not only cost-intensive but also stressful. This reduces data quality and can result in outdated or incorrect insights. With Azure infrastructure as a service, organizations can build a unified and centralized IT infrastructure that anyone in the enterprise can access. It is a simplified and efficient way to run the business processes. Fewer Hardware Maintenance Costs Maintaining legacy systems can be a costly exercise for businesses as they become outdated over the years and will no longer be compatible with new technologies. Organizations have to periodically invest in new hardware and pay for maintenance services to make sure they can access the latest tools in the market and gain a competitive edge. By switching over to Azure infrastructure as a service, most business hardware can be eliminated. Employees access the virtual machines from their devices and can work remotely. Streamlined Operations One of the biggest advantages of data engineering services and IaaS is automation. Instead of wasting time and resources on manually performing repetitive actions, businesses can automate even complex tasks. This reduces the workload on employees and minimizes the risk of human error. Additionally, the workflows are streamlined into an order that maximizes efficiency without compromising quality or control. Remote and Restricted Access Remote working has become a norm in recent times. Employees have to have access to business systems, data, tools, and dashboards irrespective of their location. At the same time, people without authorization (hackers, scammers, etc.) should not be allowed to gain control over the business processes. Azure IaaS balances these two aspects with ease. It encourages remote collaboration between teams but also provides restricted access to confidential data. Standardized Applications Azure infrastructure as a service encourages the standardization of business processes and applications by developing a unified platform to manage all tasks and systems. Furthermore, the third-party apps and tools belong to the Microsoft ecosystem and follow the same standards. This results in improving consistency in performing day-to-day activities and achieving the desired results every time. Flexibility and Scalability Another benefit of Azure infra developer is the flexibility it offers to businesses. The

From ETL to ELT: Evolving Data Integration Practices

What it really took for us to transform from ETL(Extract, Transform, and Load) to ELT(Extract, Load, Transform). This article covers the foundational and evolving data integration practices among enterprises. Introduction Businesses are generating data at an accelerated pace now; there’s no stopping it, and there never will be. Consider a large retail chain trying to keep track of customer preferences, a manufacturing firm managing procurement data, or a financial institution handling client information—all in real time. The challenge? Making sense of this massive amount of data from multiple sources quickly enough to make informed decisions in a given duration, be it a project deadline, a product launch, or a client collaboration. Traditional data processing methods, like Extract, Transform, and Load (ETL), are struggling to keep up with the volume, velocity, and variety of today’s data bulk. But there’s something new and advanced in town—one that’s transforming how businesses approach data integration: Enter ELT (Extract, Load, Transform). Seems like just a word shift, but this orientation leads to a higher impact for any enterprise out there- Yes, yours too! Visiting the Past – What’s ETL? To simplify, ETL or Extract Transform Load is a data integration process that involves extracting data from various sources, transforming it into a suitable format(arranging it), and loading it into a target data warehouse or data hub. As the name suggests, it involves: Extract: This phase involves retrieving data from disparate sources such as databases, flat files, or APIs. Transform: Data is cleaned, standardized, aggregated, and manipulated to meet business requirements. This includes data cleansing, formatting, calculations, and data enrichment. Load: The transformed data is transferred into the target system, often a data warehouse, for analysis and reporting. ETL processes are critical for building data warehouses and enabling business intelligence and advanced analytics capabilities. What’s New – Defining ELT! ELT is a data integration process where raw data is extracted from various sources and loaded into a data lake or data warehouse without immediate transformation(that’s done later). The data is transformed only when needed for specific analysis or reporting. As the name suggests, it involves: Extract: Data is pulled from disparate sources. Load: Raw data is stored in a data lake or data warehouse in its original format. Transform: Data is transformed and processed as needed for specific queries or reports. This approach uses cloud computing and big data technologies to handle large volumes of data efficiently and at the right time. ELT is often associated with cloud-based data warehousing and big data analytics platforms. The Shift from ETL to ELT: Evolving Data Integration The shift from ETL to ELT represents more than just a change in process—it’s a fundamental shift in how businesses handle their data. Data analytics companies understand that the future is digital, and staying a step ahead requires not just adapting to new technologies, but leading the way. Our mission is to help businesses like yours use the power of data, ensuring that every data point contributes to your business sustainability. For decades, ETL has been the front face of data integration. As explained above, the process involves extracting data from various sources, transforming it into a suitable format, and then loading it into a data warehouse or other system for analysis. While ETL has served us well, it comes with significant limitations. Real-World Applications of ELT It’s quite surprising to see the quick change in process and the prioritisation of activities, with ELT making a difference in every industry. It suits workflows, adapting to the types of activities involved, and enhancing overall efficiency. Retail A global retail chain uses ELT to process massive amounts of transactional data daily. By loading data first, they can quickly analyze purchasing patterns and optimize inventory in near real-time. Finance In the financial sector, ELT enables institutions to load raw transaction data into a data lake and then perform complex risk assessments and fraud detection, ensuring compliance with changing regulations. Healthcare Healthcare organizations use ELT to handle patient records, lab results, and treatment data. This allows for more timely insights into patient care and operational efficiency. As Ankush Sharma, CEO of DataToBiz, mentions, “We’re not just in the business of delivering solutions—we’re in the business of building futures. With the shift to ELT, we’re enabling our clients to turn every data point into a strategic advantage, without a hefty investment. Overcoming Challenges in ELT Implementation While ELT offers many benefits, it also presents challenges such as ensuring data quality, maintaining security, and managing performance. Poor data quality can lead to inaccurate insights sometimes while loading raw data into a central repository before transformation can raise security concerns. To overcome these hurdles, it’s important to implement strong data governance, enforce security protocols, partner with analytics firms, and optimize your data architecture. In the meantime, trends like data virtualization, AI-powered pipelines, and cloud-native platforms will continue to shape the future. The Future of Data Integration Practices: Beyond ELT Data transformation technologies are never at rest! As data integration continues to evolve, new trends are emerging that promise to further transform the landscape: Data Virtualization This approach allows businesses to access and query data from multiple sources without the need to move or replicate it. AI-Backed Data Pipelines AI is increasingly being used to automate data integration processes, making them more efficient and less prone to error. Cloud-Native Data Platforms As more businesses move to the cloud, the demand for platforms designed specifically for cloud environments will continue to grow. Conclusion The shift from ETL to ELT marks an evolution in how businesses approach data integration. Using this new model, companies can achieve greater agility, scalability, and cost-efficiency—all while aligning with the broader trends shaping the future of data. All we can help with is guiding you through this transformation, helping you turn every data point into a strategic asset. Ready to explore how ELT can sustain your digital future? Let’s start the conversation. Fact checked by –Akansha Rani ~ Content Creator & Copy Writer

A Comprehensive Guide to Revenue Cycle Analytics- All You Need to Know

Revenue cycle analytics is the process of analyzing the revenue cycle data to derive actionable insights for decision-making. Here, we’ll discuss the role of data analytics in revenue cycle management and how it can help a business generate more revenue and become successful. Revenue is one of the core factors a business should consider. After all, how long can an establishment function if it doesn’t generate income while incurring expenditure? Many organizations have processes set for revenue cycle management to determine their finances and returns. Reports show that the revenue cycle management market is expected to touch $1.209 trillion by 2030. Additionally, statistics show that the global big data market is expected to reach $90 billion by 2025 and $103 billion by 2027. Almost every industry is investing in big data analytics and business intelligence tools to derive real-time insights and streamline its businesses. But what is a revenue cycle? What role does revenue cycle analytics play in an organization? How can a business effectively use business analytics and big data to derive advanced analytical insights from revenue cycles? Let’s find out in this blog! What is Revenue Cycle Analytics? Revenue cycle analytics is the process of analyzing the revenue streams of your business to identify weak areas and find suitable solutions to address them. The aim is to effectively increase the business income and optimize the entire revenue generation process by relying on meaningful insights derived from analyzing large amounts of business data. You can use several data points and parameters to track, measure, and analyze the revenue cycle in your organization. What is a Revenue Cycle Analyst? A revenue cycle analyst is the person who is responsible for optimizing the revenue cycle in your business. Their responsibilities include the following: The analyst has to determine and track various revenue cycle metrics, share the reports with decision-makers, offer actionable recommendations, and assist the top management in making efficient and proactive decisions to boost business revenue. Typically, businesses look for data analysts with experience in the finance and accounting industries, as well as economics and statistics. What is the Revenue Cycle Process? A revenue cycle contains multiple recurring steps necessary to complete an accounting process to record the revenue generated by the business. This involves tracking transactions like sales, returns, claims, offers, etc. Revenue cycle assessment helps establish financial stability in your business and find more ways for growth. It can boost your revenue and profits by evaluating various business processes and offering insights about how to increase overall efficiency. It also has a role in enhancing customer satisfaction with your business. The revenue cycle process starts with the order placed by a customer and ends when the payment is received. It repeats for every order by every customer. The following are the elements found in the revenue cycle process: Why Use Data Analytics in Revenue Analysis? Revenue analysis is done by the finance and accounting department to help your business make correct investment decisions. However, traditional methods are time-consuming and have certain limitations. By using data analytics, you can take advantage of the latest technology to streamline and automate the analysis of revenue. This saves time and provides real-time insights to decision-makers in different departments and all verticals. Reduce Costs One of the main reasons for using data analytics for revenue management is the cost. Every business wants to cut costs and find ways to generate more returns from the investment. Analytics derives insights by analyzing large datasets in a quick time. It can provide reports about which areas to work on and how to plug the leaks to prevent revenue drain. Enhance Revenue While reducing costs is vital, increasing your revenue is equally important. Wouldn’t it be beneficial if you could find more revenue sources for your business? This can lead to greater profits. Revenue cycle analytics can identify ways to generate more revenue. Moreover, the analytics run continuously, allowing you to regularly improve your financial position. Improve Cash Flow When you analyze historical data using advanced tools, you can uncover trends/patterns and correlations that cannot be detected through traditional methods. This provides a clearer picture of the cash inflow and outflow channels. You can forecast the requirements in advance and plan accordingly to prevent last-minute roadblocks. Determine the Price How do you set the pricing for your products and services? Many factors come into the picture, like competitors’ rates, industry standards, your investments, time taken, resources consumed, quality, etc., by using data analytics to manage the revenue cycle, you can accurately price your offerings and bring more flexibility and transparency to the entire process. Streamline Internal Processes Revenue cycle analytics is not limited to making financial decisions. It can also help streamline other internal processes to increase overall efficiency and performance. For example, automation is a great investment choice and gives high returns. It can be implemented in all departments to save time and allow employees to focus on the core aspects of the job. Prevent Revenue Leaks Revenue leaks are a concern for many businesses. Missed payments, extra charges, fines, dues, double orders, cancelations, etc., can drain your revenue over time. While the payments may be small, they add up and can impact your revenue. Revenue cycle management analytics helps identify such leaks and can plug them into by automating workflows. Risk Mitigation Financial decisions are always considered a risk. Additionally, fraudulent transactions, false claims, and other issues can lead to losses. By analyzing revenue cycles using data analytics and business intelligence tools, you can find effective means to minimize such risks. Moreover, by partnering with reputed managed analytics service providers, you can ensure you comply with the industry and regional standards/ regulations. How Can Big Data Analytics be Used in the Revenue Cycle? Big data analytics in the revenue cycle can help your business in many ways. Streamline Claims The insurance and healthcare industries often deal with claims which are complicated, confusing, and stressful. The procedure can be simplified and streamlined through data analytics

Top 9 Boutique Consulting Firms To Watch In 2024

Here are the top nine boutique consulting firms to watch in 2024, with their unique abilities to offer specialized and tailored consulting services across various industries. With the global business ecosystem growing at a rapid pace, demand for customized agile, quick, and highly specialized consultancy services is growing. Amid the huge players in the consulting industry, there is a new group of innovators rising in prominence: boutique consulting companies. These small, agile firms are creating specializations and shaping industries by tackling unique challenges that giants like traditional firms might miss. Smaller consulting firms, usually distinguished by their specialized experience and personal service to clients, are becoming increasingly important in an industry that demands specialization and custom solutions. In contrast to their larger counterparts, these firms provide a personal approach, with experts from the top involved in every project, making sure that every client’s requirements are met with a high degree of precision and imagination. In a time when businesses face ever-more complex challenges, from sustainability integration to digital or cloud transformation, the requirement for small-scale management consulting firms as well as small-scale strategy consulting firms becomes crucial. Boutique strategy consulting firms often work in areas like startup consulting, data analytics boutique, data analytics boutique hotel reservations, boutique retail consulting, and boutique supply chain consulting. Boutique consulting firms usually have high-quality talent who can quickly innovate and adapt offering cutting-edge solutions that are not restricted by the limitations of bigger, more bureaucratic organizations but are open to small businesses, mid-sized firms, and startups too. Top 9 Boutique Consulting Firms to Watch in 2024 Focusing on specific sectors and offering multiple solutions, data intelligence, and startup companies like these are rising in popularity. Their flexibility, expertise, and creative approaches allow them to tackle specific issues efficiently. These are the 9 best boutique consulting firms to keep an eye on in 2024: 1. DataToBiz DataToBiz, a data intelligence startup company based in India, specializes in harnessing the potential of AI as well as big data to offer powerful insights for businesses. Their method involves a thorough analysis of massive datasets to provide useful recommendations that support data-centric decision-making. The company supports diverse industries(especially mid-sized and startup organizations), enabling their clients to deploy new models and efficiently employ boutique analytics and Artificial intelligence technologies. Their method not only increases operational efficiency but also allows businesses the ability to be leaders in competitive markets by utilizing data as an asset strategic to them. DataToBiz is among the most effective boutique data analytics companies in the market. Ratings on Clutch: 4.8 Service Lines(As mentioned on Clutch) 2. Clarkston Consulting Clarkston Consulting, based in Durham, North Carolina, offers technology and business advice mostly for the consumer products, retail, and life sciences sectors. The company is dedicated to forming strong teams internally by providing extensive development and training programs. Clarkston’s strategic consulting as well as project management and system integration services help clients to innovate and stay competitive within their respective markets. Ratings on Clutch: 5.0 Service Lines(As mentioned on Clutch) 3. Eagle Hill Consulting Eagle Hill Consulting, located in Seattle, offers individualized consultancy services for public services, financial services, and life sciences. It is known for its community-focused approach, Eagle Hill tackles significant initiatives, including strategic communication when it comes to mergers and organizational changes. Their customized solutions and extensive understanding of the industry help clients through difficult changes and strategic choices. Ratings on Glassdoor: 4.1 Service Lines(As mentioned on Clutch) 4. Insight Sourcing Insight Sourcing from Atlanta is well-known for its experience in strategic procurement and sourcing. It is a firm that focuses on the private equity sector and Fortune 1000 companies, helping clients improve their procurement procedures to achieve significant cost savings. Their track record of increasing the efficiency of supply chain processes has earned them the distinction of being among the fastest-growing private companies in America which is a testimony to their innovative methods and the significant contribution they make to the operations of their clients. Ratings on Glassdoor: 4.7 Service Lines(As mentioned on Clutch) 5. Darby Consulting Darby Consulting, located in Houston, specializes in IT consulting that focuses on portfolio management and project management, design of systems, and implementation of software/hardware. The company helps clients in the government, energy, and education industries to improve their IT operations while ensuring that projects are executed effectively and within budget. Darby’s customized solutions help clients plan and manage difficult IT projects, decreasing delays and increasing the time to complete them. Ratings on Glassdoor: 4.7 Service Lines(As mentioned on Clutch) 6. Ignyte Group The Ignyte Group in Washington, D.C., integrates management consulting and digital experience design. It offers extensive solutions for branding, digital transformation as well as digital marketing and analytics. Their unique approach is tailored to an extensive client base that spans the legal, healthcare, government, and financial services by transforming the way the brands communicate with clients with advanced digital tools. Ratings on Glassdoor: 4.4 Service Lines(As mentioned on Clutch) 7. ClearView Healthcare Partners ClearView Healthcare Partners located in Newton, Massachusetts, focuses exclusively on the Life Sciences field and provides data and strategic consultation to pharmaceutical, biotechnology, and medical device businesses. ClearView helps clients navigate the complex world of product planning analysis, market analysis, as well as pricing and marketing strategies. Their dedication to developing their internal leadership ensures that their experts are prepared to provide insightful and strategic suggestions that help clients achieve desired results. Ratings on Glassdoor: 3.4 Service Lines(As mentioned on Clutch) 8. The Bridgespan Group The Bridgespan Group in Boston collaborates closely with non-profits, philanthropists, and other NGOs to maximize the impact of their philanthropic efforts by providing strategic advice and training for leadership. The organization helps clients in developing and implementing effective strategies to help improve the efficiency of multimillion-dollar charitable efforts. With a team of former academics and experts from the industry, Bridgespan uniquely combines rigorous analytical methods with profound sector knowledge to create massive social transformation. Ratings on Glassdoor: 4.1 Service Lines(As mentioned on Clutch) 9. Putnam

Guide 101- Choosing the Right Supply Chain Analytics Partner

The increasing complexity of supply chains in today’s world makes it even more necessary to adopt data-driven models for efficient decision-making. Here, we’ll discuss the role of a supply chain analytics partner and how to choose the right one for your business. The supply chain is one of the top priorities for a business. Disruptions can not only affect your supply chain but also lead to loss of revenue and diminished customer satisfaction. It’s 2024, and the right time to revamp your supply chain using data analytics, artificial intelligence, and automation. According to a PwC survey in 2023, almost 86% of businesses agreed that investing in technology is necessary to handle supply chain risks. Moreover, a report by Deloitte shows that around 70% of emissions come from the supply chain. This can be tackled by making your supply chain sustainable and transparent through digitalization and technology adoption. Using analytics can strengthen your supply chain management processes. Businesses can work with a reliable supply chain analytics partner to overcome the challenges and achieve long-term goals. But how would you identify and select the right supply chain partner? What sets the best apart from the rest? How should you choose the right partner to digitally transform your supply chain? Let’s find out in this blog. What are the 4 Types of Supply Chain Analytics? Supply chain analytics is the process of collecting, storing, and analyzing large datasets to derive meaningful and actionable insights. These insights are presented as data visualizations through graphical reports and used to make faster and better decisions. When you choose a supply chain analytics partner, make sure they offer the following analytical solutions. Descriptive Analytics Descriptive analytics involves KPIs (key performance indicators) and historical data to describe the various supply chain events of the past. Predictive Analytics Predictive analytics for the supply chain is where real-time data is collected from different sources and analyzed to determine the possible future outcomes, trends, customer demands, etc., that will affect the business. Prescriptive Analytics Prescriptive analytics plays a vital role in decision-making as it provides insights into the areas for improvement and the best way forward to tackle a situation while minimizing risk. Cognitive Analytics Cognitive analytics and diagnostic analytics are similar in a way. Both deal with determining the root cause of a problem and finding a comprehensive and long-term solution for it. It helps take appropriate steps to resolve supply chain challenges. What to Look for in a Supply Chain Analytics Partner The right supply chain analytics partner can handle the various processes from end to end and offer continuous support to enhance your supply chain across all levels. The service provider should take care of everything from strategy formation to deploying analytical models and creating adequate supply chain risk management policies. So, what are the criteria for a supply chain partner? How do you identify the best analytical company to become your long-term partner? Here’s how. Types of Services A supply chain analytics partner has to take up many roles and responsibilities. It has to provide a robust strategy to digitally transform the supply chain. It should help identify issues in planning and designing a reliable analytics model to integrate with the existing business systems. The partner should also set up custom supply chain dashboards to deliver on-demand analytics and insights in real-time. Similarly, it should offer embedded analytics and business intelligence visualizations based on your requirements. Most importantly, you should have the flexibility to choose the services you want – consulting, end-to-end, customized, or rapid analytics as per your needs. Access to Technology Technology is another essential aspect to consider when choosing a supply chain analytics partner. For example, IoT (Internet of Things) devices and RFID tags can make your supply chain more efficient. Does the company offer artificial intelligence and machine learning-based analytical models? Can the service provider use AI to automate your supply chain tasks? Does it have the necessary tools to deploy transportation management systems (TMS) for real-time tracking and alerts? Can you invest in robotics for warehouse management? Domain and Industry Expertise An increase in demand for supply chain analytics has led to more companies offering similar services. However, not every company has a team of expert analytics, AI engineers, and data scientists to cater to your diverse and complex requirements. The supply chain analytics partner should have the necessary expertise in using the latest technology as well as understanding the minute aspects of the supply chain industry. Additionally, the company should have good knowledge about your niche. This will ensure that the company knows your competitors, challenges, market trends, opportunities, risks, customers, etc., to create solutions that align these aspects with your business goals. Experience and Project Portfolio The supply chain analytics partner should have the necessary experience in delivering complex supply chain projects to different clients. Ask for their project portfolio to determine if the company can handle your specifications. For example, the analytics partner should help you achieve your business goals like supply chain cost reduction, inventory optimization, increased sales and revenue, minimized losses, and enhanced customer satisfaction. An ABI research study predicts that over 4 million robots will be used in around 50,000 warehouses around the globe by 2025. So, if you want to use robots in your warehouse, your supply chain analytics partner should help you set up the necessary automation and workflows. Communication and Transparency Another essential aspect to consider is how well the supply chain analytics company can communicate and interact with your teams. Is it easy to approach the analytics working on your project? Do they send regular updates? Do they explain the concepts in simple terms and answer your questions satisfactorily? Are they transparent about what they offer and what they don’t? Do you have a clear idea about the pricing? Have you had to pay for hidden charges at the last minute? A worthy supply chain partner will keep things simple and uncomplicated. You will know the pricing and services offered in advance. There will be little to no confusion. Maintenance and Support Your supply chain already has numerous vendors,

Guide 101 – Choosing the Right Manufacturing Analytics Solutions Partner

Every manufacturer can harness the full potential of business data by implementing data-driven models for decision-making. Here, we’ll discuss the need for data analytics in manufacturing and the factors to consider when choosing the right manufacturing analytics solutions partner. Manufacturing analytics is the process of using operational and supply chain data, advanced technologies, and statistics to identify patterns and trends, forecast future demand, and derive meaningful insights for day-to-day decision-making. According to GII Global Information, the big data analytics in the manufacturing industry market size is expected to be $8.93 billion in 2024 and predicted to grow at a CAGR (compound annual growth rate) of 21.60% to touch $23.72 billion by 2029. The same report mentions a McKinsey study, which showed that a data-driven business is twenty-three times more likely to attract clients and nineteen times more likely to be profitable than its competitors that don’t use analytics. A recent report by Deloitte suggested that 86% of the respondents (manufacturing executives) believe that smart solutions will drive competitiveness in the coming five years. In such instances, an enterprise from the sector needs to invest in manufacturing analytics solutions and participate in Industry 4.0. This is best achieved by partnering with an analytical solution provider and digitally transforming the business processes under expert guidance. But how would you identify and select the right supply chain partner? In this blog, we’ll discuss the guide to choosing the right manufacturing analytics solutions partner and the role of analytics in the industry. Choosing the Right Manufacturing Analytics Solutions Partner Digital transformation in manufacturing is a continuous and long-term process that requires regular monitoring to adopt the latest technologies and achieve the expected results. A manufacturing analytics solutions partner provides end-to-end services to build, develop, implement, customize, integrate, and maintain the data models. However, not all service providers are suitable for your business. Choosing the right analytics partner is crucial to be successful in your business. Here are a few factors to consider when hiring a manufacturing analytics solutions partner in the industry. Experience in Data Analytics and AI The increasing demand for data analytics has resulted in many new service providers entering the market. However, individual experience is necessary when building AI and ML analytical models for a manufacturing enterprise. Enquire the details about the team members’ experience in the field before hiring a manufacturing analytics solutions partner. Knowledge and Expertise in Industrial Processes Another important aspect to consider is whether the company has knowledge of your industry (manufacturing) and niche based on the products you produce. This is to ensure that the manufacturing analytics solutions partner understands the industry-wide practices, international regulations, etc. when customizing the analytical models and setting up the dashboards. Timely Delivery and Project Completion Manufacturing analytics implementation is a time-consuming process. The service provider has to build data pipelines, streamline workflows, automate processes, customize dashboards, and set up third-party integrations. However, you want a partner who can complete the project as per the agreed-upon schedule and deliver the insights to your employees. Compatibility in Vision and Execution Compatibility in vision is another important factor. The service provider may have the necessary experience and technology but if they cannot understand your business vision or don’t align with your processes, it can create clashes and discord between teams. Choose a manufacturing analytics solutions partner who is flexible enough to accommodate your requirements and encourage better collaborations. End-to-End Tailor-made Solutions Does the company offer a complete scale of solutions to tackle end-to-end changes in your business processes? Partnering with an end-to-end service provider will help ensure that the entire project will be handled by a single company. You don’t have to work simultaneously with different analytical and AI teams to transform your manufacturing processes digitally. Furthermore, you can have your own manufacturing analytics platform developed by the company. Agility, Flexibility, and Scalability Flexibility and scalability are necessary for enterprises to thrive in the ever-changing market conditions. That means your service-providing partner should be equally flexible and scalable to accommodate your dynamic requirements. This will empower you to take proactive measures to grab more opportunities. Meaningful and Accurate Real-Time Insights Real-time insights help make quick decisions. However, the insights have to be accurate to minimize the risk of incorrect decisions. The analytics service provider should prepare your data and improve its quality to provide meaningful insights. Partner with a manufacturing analytics solutions partner who also takes care of data engineering and management. Long-Term Maintenance and Support Cloud-based manufacturing analytics are a part of digitally transforming your enterprise. The insights and data visualizations can be accessed by your employees through the personalized dashboards. However, the systems need regular monitoring and periodic updates to work without glitches. Choose a service provider who can become a long-term maintenance and support partner. Pricing and Transparency Finally, the pricing models offered by the company should also be considered. A reliable manufacturing analytics solutions partner will be transparent about the prices and state the additional costs upfront. Moreover, you should have the freedom to choose a pricing model based on your project specifications. How Data Analytics is Used in the Manufacturing Industry Data analytics in the manufacturing industry combines smart manufacturing solutions like data engineering, IoT (Internet of Things) devices, predictive analytics, big data analytics, data visualization, machine learning, edge computing, automation, etc., to enable smarter, agile, and scalable factories with greater productivity. So, what insights you can provide with analytics to the manufacturing industry? Here are a few: Production Management The insights from manufacturing analytics can help your factory teams adjust production quantities in real time based on the stock left in the warehouse, the stock at the factory unit, and the market demand for the product. Additionally, you can identify the root cause for low quality in products, product failures, etc. Industrial IoT (IIoT) analytics helps with production and quality management. Supply Chain Management The supply chain is crucial for a manufacturing company. In times when disruptions can lead to major losses, it is essential to streamline the various elements of the supply chain and eliminate unwanted steps. Be it order management, supplier management, demand forecasting, setting up early warning

Managing Supply Chain- In-house Team v/s Analytics Platform

Data is the cornerstone of every business and an important decision-making tool, especially to streamline the supply chain. Here, we’ll discuss the need for supply chain analytics and whether you should opt for an in-house team or pay for an analytical platform. The supply chain is vital for a manufacturing business and affects brand visibility and customer experience. Managing the supply chain is essential to streamlining your business operations and taking the products to customers at the right time. However, enterprises can no longer rely on outdated technologies and methods to handle modern-day problems. For example that’s well known, the COVID-19 pandemic led to severe supply chain disruptions around the globe. Such challenges can be overcome by adopting data-driven strategies and solutions to effectively manage the supply chain. Many businesses ask the same question – is business analytics good for supply chain management? Yes! Absolutely. In fact, supply chain analytics is a perfect solution to clear the various roadblocks that affect your success in competitive markets. A McKinsey report shows that an average supply chain has been digitalized by 43%. It indicates that many enterprises are quickly adopting analytics and business intelligence solutions to digitally transform their supply chains and make data-driven decisions. Similarly, the global supply chain analytics market is expected to touch $9925.25 million by 2027. So, how should you implement supply chain analytics in your business? What is the best way to increase supply chain efficiency? Does the in-house analytics team have an advantage over using an analytical platform? Let’s find out in this blog. What is the Role of Data Analytics in Supply Chain Management? Data analytics is a crucial part of supply chain management and has a diverse role. It helps optimize procurement, inventory, production, logistics, and costs. Supply chain analytics unlocks the potential of your raw business data to seamlessly navigate the complexities of supply chains. By analyzing the supply chain data, you can predict future demand, determine production quantities, and proactively address disruptions to minimize losses. It is helpful for the following: You can achieve your goals by building an in-house supply chain management team that uses data analytics and business intelligence to make data-driven decisions and contingency plans. How to Improve Supply Chain Efficiency – In-house Team v/s Analytics Platform When following proven strategies to improve supply chain efficiency using analytics, you should choose between an analytics platform and an in-house team. While the cost of a supply chain analytics platform is convenient, you will get higher ROI in the long term by working with expert partners. For example, when you invest in an in-house team, you can work with experienced service providers with access to the latest technologies. You can benefit more from the end-to-end solutions offered by the staffing and managed service providers. They take care of building the model, deploying it, and integrating it with your existing systems, along with long-term maintenance, support, and upgrades. Create a Supply Chain Strategy Have a strategy in place before you make changes to your business processes. Create a comprehensive supply chain management strategy to determine the core areas for improvement. This gives you a better understanding to choose the analytics team and platform and the best method to adopt the data-driven models and digitalization tools in your business. Invest in Supply Chain Analytics Team Experts are in high demand because they know how to get the job done and deliver the expected results despite the challenges. Even if you plan to customize a supply chain analytics platform and embed the dashboards, you need an in-house team to streamline the process and train your employees to use the insights. It is easier when you partner with a service provider to hire a team that will work with your business for as long as you want. Build Good Relationships with Suppliers Suppliers are a key element of your supply chain. Maintaining a good relationship with them will ensure better prices, fewer delays, and exceptional service. The supplier will be willing to the extra mile when you have a strong relationship with them. However, it is equally important to choose the right supplier before you strengthen your relationship. Analytics help in identifying worthy suppliers to add to your network. Streamline and Automate the Process An advantage of in-house analytics is the ease of customizing the systems and automating the processes. The experts can make the necessary changes to accommodate third-party integrations that can increase efficiency, reduce the risk of errors, and handle supply chain velocity at any given time. Be it invoicing, labeling, shipping, or order processing, various tasks can be automated using artificial intelligence tools. Expand the Supply Chain Visibility Increasing transparency and visibility can make your supply chains more efficient. It allows you to make accurate and proactive decisions based on reliable and real-time data insights. For example, you can ask the production team to increase or decrease production based on the inventory levels and market demand. This helps avoid stockouts and eliminates the chances of paying additional carrying costs due to logistics issues. Adopt the Right Technology Technology is necessary to simultaneously handle numerous processes. However, choosing the right technology is essential to achieve your goals. What kind of inventory management software do you need? What features should the supply chain management software provide? Are the various tools compatible with your databases? Do you want to invest in multiple tools from different vendors or rely on an in-house team that builds the necessary data pipelines to streamline the workflows? Implement Sustainable Practices Sustainability is the theme of the season. Governments and customers are looking at promoting businesses with sustainable and green practices. How can you minimize your carbon footprint and implement sustainable supply chain practices in your business? Here, you will benefit from the expertise of an in-house team that works on your project and understands your business requirements. Continuous Monitoring and Improvements Improving your supply chain efficiency is not a one-time process. It requires continuous monitoring to identify weak areas and make the necessary changes. The expert team can set up automated monitoring to

Supply Chain Blind Spots Exposed: How Analytics Can Help?

The pervasive nature of supply chain blind spots has a significant impact on companies, estimated to cost billions annually. The challenges in identifying and addressing these blind spots, including data silos and global supply chain complexity have a far-reaching impact. Supply Chain Analytics analytics play a pivotal role in mitigating risks and optimizing supply chain performance. Analytics solutions can enhance decision-making and operational efficiency in real-life supply chain scenarios. Hidden obstacles often hide beneath the surface in the world of supply chain management, threatening to disrupt operations and drain resources. These challenges, often referred to as supply chain blind spots, are estimated to cost companies billions of dollars annually. According to a report by Capgemini, over the past three years, approximately 75% of organizations have encountered challenges such as facility closures, disruptions in the supply chain, employee absences, and the transition to remote work. However, fewer than 20% of organizations believe they possess the necessary capabilities to effectively manage and address the repercussions of these transformations. Fortunately, advancements in analytics offer hope in navigating this treacherous terrain. By harnessing the power of data-driven insights, organizations can illuminate the darkest corners of their supply chains, identifying vulnerabilities before they escalate into a full-blown crisis. From predictive analytics for risk mitigation to real-time monitoring for enhanced visibility, analytics holds the key to fortifying supply chain resilience in an increasingly uncertain world. Understanding Supply Chain Blind Spots Supply chain blind spots often stem from a combination of systemic inefficiencies, inadequate oversight, and unforeseen disruptions, and pose significant challenges to organizations of all sizes and industries. At their core, these blind spots represent areas where visibility is compromised, making it difficult for stakeholders to anticipate and mitigate potential risks effectively. One of the primary culprits behind these blind spots is the inherent complexity of modern supply chains, which encompass multiple tiers of suppliers, intricate logistics networks, and fluctuating market dynamics. As supply chains become increasingly globalized and interconnected, the potential for blind spots to emerge and propagate grows exponentially. Types of Supply Chain Blind Spots Supply chain blind spots manifest in various forms, each presenting unique challenges and risks to organizations’ operational efficiency and resilience. By understanding the different types of blind spots that can plague supply chains, businesses can develop targeted strategies to mitigate vulnerabilities and enhance overall performance. Operational Blind Spots Operational blind spots often arise from suboptimal inventory management practices, production inefficiencies, and unreliable supplier relationships. For example, a lack of real-time visibility into inventory levels can lead to stockouts or excess inventory, resulting in lost sales or increased carrying costs. Similarly, production scheduling blind spots, such as bottlenecks or capacity constraints, can disrupt workflow and delay order fulfillment, eroding customer satisfaction and loyalty. Financial Blind Spots Financial blind spots refer to hidden costs, inefficiencies, and risks embedded within supply chain operations that can negatively impact organization’s bottom line. Examples of financial blind spots include unexpected cost overruns, hidden expenses related to transportation or warehousing, and inefficient resource allocation. Without a clear understanding of these financial blind spots, organizations may struggle to optimize their cost structures, maintain profitability, and allocate resources effectively across their supply chains. Regulatory and Compliance Blind Spots Regulatory and compliance blind spots stem from organizations’ failure to adhere to legal requirements, industry standards, and ethical guidelines governing their operations. Failure to comply with regulations related to product safety, environmental sustainability, and labor practices can result in costly fines, legal disputes, and reputational damage. Moreover, regulatory blind spots can arise from a lack of visibility into supplier practices and upstream activities, making it difficult for organizations to ensure compliance throughout their supply chains. Challenges in Identifying Supply Chain Blind Spots Identifying supply chain blind spots is a critical endeavor for businesses seeking to enhance operational efficiency and mitigate risks. However, several challenges often impede organizations’ ability to identify and address these hidden vulnerabilities effectively. Data Silos and Fragmentation In many organizations, critical supply chain data resides in siloed databases, legacy software applications, and manual spreadsheets, making it difficult to aggregate and analyze information comprehensively. Without a unified view of supply chain operations, organizations may struggle to identify patterns, trends, and anomalies that could indicate potential blind spots. Lack of Real-Time Visibility Traditional supply chain management approaches rely on batch processing and periodic reporting, which may result in delays in detecting and responding to emerging issues. Without timely access to critical data and insights, organizations risk being blindsided by disruptions and inefficiencies that can impact customer service levels and bottom-line performance. Complexity in Global Supply Chains As supply chains expand across geographic regions and involve multiple stakeholders, the risk of disruptions and uncertainties escalates. Cultural differences, regulatory requirements, and geopolitical dynamics further exacerbate the complexity, making it challenging for organizations to gain a comprehensive understanding of potential blind spots and their implications. Human Error and Bias Decision-makers may overlook or discount certain data points, rely on intuition over data-driven insights, or fall victim to confirmation bias, thereby overlooking potential risks and vulnerabilities. Moreover, the sheer volume of data generated by modern supply chains can overwhelm human analysts, making it difficult to discern meaningful patterns and trends amidst the noise. Role of Analytics in Identifying and Addressing Blind Spots By leveraging advanced data analytics techniques, organizations can gain deeper insights into their supply chain dynamics, identify hidden vulnerabilities, and proactively address emerging risks. Data-Driven Decision-Making Analytics empowers organizations to make informed, data-driven decisions by extracting actionable insights from vast volumes of supply chain data. By analyzing historical performance metrics, market trends, and customer behavior patterns, organizations can identify areas of inefficiency, pinpoint root causes of supply chain disruptions, and develop targeted strategies for improvement. Predictive Analytics for Risk Mitigation Predictive analytics enables organizations to anticipate and mitigate supply chain risks before they escalate. By leveraging statistical algorithms, machine learning models, and simulation techniques, organizations can forecast demand fluctuations, identify potential bottlenecks, and proactively manage inventory levels to minimize stockouts and excess inventory costs. Real-Time Monitoring and Alerts Real-time monitoring

Data Warehousing in Finance – 5 Ways a Data Warehouse Can Improve Your Financial Forecasting

This blog covers basic information about what exactly data warehousing in finance is and the top 5 ways a data warehouse/storage can improve your financial forecasting and reporting! A data warehouse is a centralized storage that allows you to collect, track, and analyze critical data points over time to run your financial operations efficiently and make sound decisions. When you have a large amount of financial data to manage, process, and analyze, it requires effective and fluid processes that use dependable data transfer services to help you enhance your operations. Data warehousing can be extremely helpful in situations like these. What is a Data Warehouse? A Data warehouse is a data management system that stores huge amounts of data for future processing and analysis. Consider it a big storage where trucks (i.e., source data) release their data. The data is then sorted into rows and rows of well-organized shelves that make it easy to find the exact information you’re looking for later. One of the primary advantages of data warehousing is that it provides a comprehensive view of an organization’s financial health. Businesses can make better decisions about where to allocate their resources if they have access to all essential data in one place. The main aim of data warehousing is to create a collection of historical data. This data can be utilized to discover patterns and trends, allowing organizations to make more informed decisions about future operations. This makes obtaining data for powerful insights and other Business Intelligence (BI) uses simple. A data warehouse is a critical component of business intelligence. That broad word refers to the information architecture that modern businesses utilize to track past successes and failures and impact future decisions. Key Takeaways: Why is Data Warehousing Important in Finance? Data warehousing is vital in the financial sector due to the vast volume of data being handled and analyzed. Financial institutions create a large amount of data from their day-to-day operations, which can be tremendously valuable if used properly. Data warehousing can help businesses in the financial sector in several ways: Data Warehouse Use Cases in Finance Listed below are some of the applications for employing Data warehousing in finance industry: Customer Data Management: Be it manufacturing, retail, or other industries, companies must evaluate consumer data to improve service quality and develop long-term client relationships. A data warehouse assists them in understanding customer behavior and developing personas by collecting data from various sources and facilitating relevant analytics. It enables them to better manage sales and marketing efforts and find cross-sell opportunities. Pattern Discovery: To gain accurate insights, financial services companies must constantly analyze crucial success and failure indicators. To understand how well the business’s financial health is, it must track customer deposits, loans, needed reserves, and other factors. They also need to evaluate patterns over time, and a data warehouse makes both current and historical data available in one location. Accurate data analysis can also help uncover fraud. Minimize risks: Data warehousing in Finance for eCommerce, retail, travel, or other industries automates the risk management process while monitoring the risks that various entities, such as investors and competitors, may pose. It also protects data by not disclosing comprehensive information and limiting employee access to specific roles. 5 Ways a Data Warehouse Can Improve Your Financial Forecasting 1. Improved overall efficiency Several businesses collect huge volumes of data from various sources (including price, customer information, purchase trends, vendor information, and so on). The enormous amount of information might be overpowering, rendering it all useless. Storing this data across numerous platforms is costly. A data warehouse solves this problem by bringing order to chaos. It saves and organizes data in a centralized repository, allowing businesses to identify and extract possible benefits using appropriate business intelligence tools. Data warehousing in Finance makes it easier for business users to: Financial big data warehouses also help businesses save money on data management by consolidating data into a single location rather than maintaining it across various platforms and paying multiple vendors. 2. Time management and prompt decision-making Effective decision-making frequently requires input from a variety of people within an organization, such as financial analytics, marketing teams, management, and others, as well as data from many sources. Previously, decision-makers had to cross-check numerous data banks across multiple platforms, which frequently required assistance from technical support. Simply obtaining this information would be a time-consuming, labor-intensive procedure. However, data warehouses combine data from many sources into a single, easily accessible repository, making business-critical information available. When finance data companies need to make quick, effective choices, all relevant parties may quickly access the data in one location. Numerous businesses may easily and quickly detect significant business trends and intelligence using AI-powered algorithms, allowing them to make more profitable decisions. 3. Data quality management Nowadays, businesses generate data at a quick pace. Data must be managed to ensure that it is current, accurate, and in the format needed by analytics platforms. Managing data quality can be time-consuming, especially when information is scattered across multiple platforms. However, merging data into a data warehouse system makes data cleansing simple and cost-effective. You may compare data from numerous sources, eliminate errors or duplicates, and guarantee that your data is reliable and consistent. Furthermore, most data warehouse technologies feature sanitization algorithms that automate the process, eliminating the need for costly data quality management programs. 4. Improved data security In the face of cybersecurity threats, securing business-critical data has become a demanding task for all modern enterprises. This is especially true for firms that handle sensitive or proprietary data, such as banks and pharmaceutical industries. Storing data in a single, centralized location makes it easier to protect than monitoring and managing various data banks and platforms. Many data warehouse technologies incorporate capabilities that improve data security both inside and outside of the business. Users can build user groups to control permissions and data access for specific individuals/departments within an organization. Data warehousing in Finance frequently utilizes encryption techniques to secure data at

The Strategic Role of Hotel Data Analytics in the Hospitality Industry

Recently, as more sectors have come to understand the value of data analytics, we have seen an increase in its adoption. In this regard, the hotel industry is not excluded. Through hotel data analytics, hotels and hotels, and hospitality businesses can gain knowledge of client behavior, preferences, and patterns that allow them to personalize their offerings, improve service quality, increase operational efficiency, and optimize income. According to the HotelTech Report, 77% of hoteliers view data analytics as a priority. Increasing guest loyalty and enhancing guest experience are the main objectives for hotel data analytics. Other tech-enabled requirements involve data security, multichannel reservation support, and physical safety development. Data Analytics in the Hospitality Industry Data Analytics is the process of gathering, evaluating, and applying data to make decisions that will benefit the operations and financial success of hotels, restaurants, and other hospitality-related businesses. A large amount of data is produced by the hotel sector from a variety of sources, such as reservation and transaction histories, social media, loyalty programs, and customer reviews. Predictive modeling, machine learning, artificial intelligence, and other data analytics approaches can assist companies in generating insightful conclusions from this data for better operations and customer satisfaction. For instance, hotel data analytics can be used, to spot trends in bookings and to maximize personnel, inventory, and room pricing. Restaurants may increase menu options and customize patron experiences by analyzing data on client preferences, dining behaviors, and comments. Key performance indicators including revenue per available room (RevPAR), customer satisfaction, and loyalty can all be tracked and measured by businesses leveraging hotel data analytics. Through this research, companies may learn more about the demographics that make up their target market and customize offerings that will ultimately increase customer retention and brand loyalty. They can also find areas for cost savings and measure their performance in comparison to peers by spotting patterns and trends in massive data sets. Advantages of Hotel Data Analytics in the Hospitality Industry Utilizing data has become increasingly valuable for numerous businesses as an outcome of technological advancements. This digital treasure trove can also help the hospitality industry. A few of the advantages of managed analytics in the hospitality industry are listed below. The following key performance indicators (KPIs) must be used to assess the efficacy of hotel revenue management analytics: Hotel Revenue Management Hotel Revenue management experts find opportunities to market their services to the right customer through the right marketing channel at a reasonable price by utilizing a variety of hotel revenue management tools and approaches. Experts keep an eagle eye on several metrics to evaluate a property’s competitiveness in comparison to its competitors. Furthermore, many data types, including historical occupancy rates, current reservations, and key performance indicators, can help boost revenue management. One of the hotel departments that uses the most data, aside from accounting, is hotel revenue management. Revenue managers use internal data, such as historical performance and business on the books, and data from the outside, such as consumer demand and competitor activity, to inform choices about pricing, stock controls, advertisements, and projections of demand. Customer Opinions Managing a successful hotel successfully requires prioritizing the needs of your customers while deciding which services to provide. Check visitor information to learn about their preferences, habits, and characteristics. By using this data, you may improve customer experience, personalize your products and services, and develop more focused marketing campaigns. The more information you can use to explain guest profiles, the more likely you are to be successful in the long run. Optimization of Marketing Campaigns With the correct customer data at your fingertips, you can now focus your marketing efforts on reaching every stage of the buyer’s journey. A better understanding of the most effective channels and methods allows you to modify spending in a way that maximizes return on marketing investment. Identification of Fraud Hoteliers need to be mindful of the risks related to fraud and data breaches because they operate in a sector that handles vast volumes of sensitive data. You can review transactions and identify any acts of fraud using hotel data analytics. Enhance security and reduce the possibility of fraud safeguards both your visitors and your business’s image. When it comes to spotting odd spending habits and mismatches in financial transactions, data can be a big help in recognizing these situations appropriately. Analysis of Customer Feedback Customer feedback and reputation management provide insight into your hotel’s performance. Utilize them to identify service gaps and, if you can, identify areas for improvement. Customer feedback analysis can assist in addressing issues and providing appropriate responses. You can ensure a consistent visitor experience and prioritize changes with the help of the data produced by your reputation management. Estimating the Need for Maintenance When it comes to predicting equipment lifespan and doing routine maintenance, data analytics is surprisingly useful. Preventive repairs reduce downtime for every machine or facility that may encounter problems. The likelihood of receiving complaints from guests decreases with increased hotel maintenance frequency. For example, Sensors, indicators, and meters that record data on equipment temperature, vibrations, noises, and other elements important for predictive maintenance analysis. Automation of the Supply Chain The supply of products for restaurants, laundry services, cleaning supplies, bedding, towels, and sheets is important for the hotel industry. Controlling distribution procedures, supplier relationships, and inventory levels are necessary. You can now prevent running out of supplies, particularly during times when demand is high. From making data-driven ordering decisions to providing real-time inventory reporting, everything is achievable. Regardless of the number of customers in the hotel, you can make sure everything is operating smoothly. Predicting Another area where hotel data analytics is beneficial to hoteliers is forecasting. Make use of analytical reports to learn more about inventory management, personnel requirements, and demand. It can assist cut expenses and maximize planning when it comes to long-term strategic decisions, which can ultimately improve your hotel’s bottom line. Your revenue manager will have the necessary resources to provide the appropriate services at the right moment