Category Archives for "Analytics Tools"

Jan 20

Important Metrics for Analytics Managers

By ganpati | Analytics Tools

Key Performance Indicators (KPI’s) are the vital navigation instruments used by managers and leaders to understand whether they are on course to success or not. The right set of KPI’s will shine light on performance and highlight areas that need attention. Without the right KPI’s managers have no handle on the business, a bit like a pilot without the controls.

The problem with easily available technologies to store data is that most companies collect and report a vast amount of everything that is easy to capture and measure. As a consequence their managers end up drowning in data while thirsting for insights.

The organizations should have clear objectives and strategic directions in identifying the right KPIs for their businesses. Remember, navigation instruments are only useful if we know where we want to go. Therefore, first define the strategy and then closely link KPIs to the objectives.

The KPI’s that are most critical for any business are those that: measure financial performance, help understanding the customers, gauge market size and marketing efforts, measure operational performance, helps to understand employees and their performance and measure environmental and social sustainability performance.

Based on your area of interest you may consider focusing on a subset of these KPI’s. Nevertheless, when you grow your responsibilities as a manager and the importance of analytics grows within the organization more and more KPI’s become important to track and their interplay becomes important.

Nov 03

Insurance Tech Rising: 135+ Insurance Startups Across P2P, Life, Commercial & More in One Chart

By ganpati | Analytics Tools

In November 2015, we released the first Periodic Table of Insurance Tech highlighting key players in the insurance tech space you need to know, including startups, VCs, corporate investors, and accelerators. But the market has grown immensely since, as startups across pet insurance, small business insurance, new sharing economy frameworks, and more attract venture capital investment.

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Nov 03

Some examples of HR analytics applications

By ganpati | Analytics Tools

This QA first appeared in Data Science Briefings, the DataMiningApps newsletter as a “Free Tweet Consulting Experience” — where we answer a data science or analytics question of 140 characters maximum. Also want to submit your question? Just Tweet us @DataMiningApps. Want to remain anonymous? Then send us a direct message and we’ll keep all your details private. Subscribe now for free if you want to be the first to receive our articles and stay up to data on data science news, or follow us @DataMiningApps.

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