Scribd Logo
Upload

Welcome to Scribd!

  • 37 views

    Analytics Summit 1 Key Learnings

    Uploaded by

    Sounak De
    1) HR analytics helps organizations make better decisions by analyzing employee data in real-time. It can match CVs to jobs, reduce errors, and recommend training. Analytics in FMCG focuses on sales, marketing, demand prediction, and reducing packaging waste. 2) Analytics provides insights from customer feedback and can help with product authentication using blockchain. Emerging technologies like AI, machine learning, IoT, and wearables are being used across many industries. 3) ERP systems like SAP and RAMCO allow companies to enter project and financial data and customize dashboards for real-time insights. Cloud computing reduces costs while improving agility, infrastructure support, data backup, and collaboration compared to traditional on-pre

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Analytics Summit 1 Key Learnings

    Uploaded by

    Sounak De
    37 views2 pages
    1) HR analytics helps organizations make better decisions by analyzing employee data in real-time. It can match CVs to jobs, reduce errors, and recommend training. Analytics in FMCG focuses on sales, marketing, demand prediction, and reducing packaging waste. 2) Analytics provides insights from customer feedback and can help with product authentication using blockchain. Emerging technologies like AI, machine learning, IoT, and wearables are being used across many industries. 3) ERP systems like SAP and RAMCO allow companies to enter project and financial data and customize dashboards for real-time insights. Cloud computing reduces costs while improving agility, infrastructure support, data backup, and collaboration compared to traditional on-pre

    Original Title

    ANALYTICS SUMMIT 1 KEY LEARNINGS

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1) HR analytics helps organizations make better decisions by analyzing employee data in real-time. It can match CVs to jobs, reduce errors, and recommend training. Analytics in FMCG focuses on sales, marketing, demand prediction, and reducing packaging waste. 2) Analytics provides insights from customer feedback and can help with product authentication using blockchain. Emerging technologies like AI, machine learning, IoT, and wearables are being used across many industries. 3) ERP systems like SAP and RAMCO allow companies to enter project and financial data and customize dashboards for real-time insights. Cloud computing reduces costs while improving agility, infrastructure support, data backup, and collaboration compared to traditional on-pre

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    37 views2 pages

    Analytics Summit 1 Key Learnings

    Uploaded by

    Sounak De
    1) HR analytics helps organizations make better decisions by analyzing employee data in real-time. It can match CVs to jobs, reduce errors, and recommend training. Analytics in FMCG focuses on sales, marketing, demand prediction, and reducing packaging waste. 2) Analytics provides insights from customer feedback and can help with product authentication using blockchain. Emerging technologies like AI, machine learning, IoT, and wearables are being used across many industries. 3) ERP systems like SAP and RAMCO allow companies to enter project and financial data and customize dashboards for real-time insights. Cloud computing reduces costs while improving agility, infrastructure support, data backup, and collaboration compared to traditional on-pre

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    ANALYTICS SUMMIT 1.

    0
    KEY LEARNINGS:
    1) HR ANALYTICS: In market customer is the king and in the process data is the king.
    Analytics is all about analyzing the data and getting insights from it. Getting
    information from data is very crucial. Dependency on cloud technology is wholly
    dependent on data analytics. In future dependency on data is huge. Expenditure on
    data analytics is going to be 20-30% in the upcoming future. HR Analytics is the base
    of everything. The systems are more informative, it automatically what skills are
    required. Chatbot, AI is helping employees to solve their basic problems instead of
    going to HR executive. HR Analytics helps to match the CVs directly with the offered
    job roles. Not only that data, it helps to reduce human errors and helps in better
    decision making. HR Analytics helps to get the real time data, where my employees
    are today and helps to handle my employees; their daily queries, knowledge
    sharing, employee welfare- everything can be done using HR Analytics tools. HR
    Analytics helps in studying the past history of the employee experience and helps in
    recommending the right kind of knowledge sessions that he/she needs to attend to
    enrich his/her knowledge.
    2) Analytics in FMCG is more about sales and marketing. It helps in analyzing the
    demand of the customers using data. Analytics helps in analyzing the packaging and
    product labelling by analyzing how much leakage is occurring and how many
    products are returned. Analytics helps in reducing plastics and moving to alternative
    packaging material. Predicting demand is very crucial in FMCG sector. Analytics
    helps in analyzing the demand from supply chain operations. The market share and
    distribution data are married to understand the demand; and all this is based on
    analytics. Blockchain can be used in product assurance (quality of products) in the
    FMCG sector.
    3) Analytics helps in the getting insights from the feedback given by customer; helps to
    get an overview on customer satisfaction. Blockchain technology helps in GI-tagging
    of the products which helps to get the customer’s attention.
    4) AI and MACHINE LEARNING is the current trend of IT industry. IoT is the
    interconnection of smart devices. Netflix, Amazon Prime are nothing but using
    analytics in the form of AI. The next thing is wearable technology like smart
    watches. Another current trend is big data. Blockchain is the super safe way to store
    data. We should know how blockchain works and why is it safe. Cloud technology
    also helps in smoothening of the process. Natural language processing, like Alexa
    understanding our language, facial recognition has become the current trend.
    Genomics include cell technology; covid vaccines are making the headlines.
    Quantum computing helps to do the work in a faster pace. Lead management and
    Six Sigma accompanied with change management will help us in ease of doing
    business and advancement of our economy.
    5) Analytics helps in the privacy of data. Data is money, you loose data you lose
    money. Big Data can be described in terms of complexity, volume and speed. To
    analyze those data you need to know Spark, Adobe etc.

    6) ERP: Enterprise Resource Planning. SAP, RAMCO are some of the ERPs. Companies
    can feed in their software data and there you go! First make a project charter (type
    in the objective, how I make B/S, P&L and how I make profit. Then I need to feed
    this charter into the ERP. You can customize in the software. Secondly, train the
    personnel how to use it, how to make the dashboards; you need to implement it.
    7) ADVANTAGES OF CLOUD COMPUTING: Traditional system is physically putting the
    CAPEX putting in place the server, however in cloud computing you can cut down
    the cost. Secondly cloud computing makes the business processes agile and they
    also support infrastructure. Hosting documents and storing documents and data in
    cloud helps in saving data from calamities; especially used by banks. It also
    promotes collaboration; teams can work on projects from anywhere and anytime.

    You might also like