Descriptive Analytics
Do you know what's going on with your business?
If your analytics capabilities are falling short, it’s likely due to one of the following common obstacles:
You cannot visualize your data in real time and make the right decisions.
You do not understand the historical evolution of a product or service and its process over time.
You do not know and understand KPIs measurement factors that reveal the state of your business.
DAECO's analytical descriptive model allows you to resolve these obstacles
Descriptive analytics is an important component of performance analysis so that managers can make informed strategic business decisions based on historical data.
The five Stages in our
Descriptive Analytical Model
Decide the business metrics you plan on using
These should reflect key business goals of each group or of the company overall.
Examples of metrics used in this stage could include year-over-year pricing changes, month-over-month sales growth, the number of users, or the total revenue per subscriber.
Collect the necessary data
We need to identify any types of data that may help improve the understanding of the critical metric.
Locate the data you need to produce the desired metrics.
Prepare the data
Data must be treated to ensure its quality and reliability. If the data comes from different sources or applications extracting, combining and preparing area vital steps to ensure the analysis accuracy.
Analyze the data
We use a wild range of techniques for analyze the data:
Present the data
Visualize your data through dashboards using state-of-the-art BI tools. Displaying metrics in charts and other graphic representations can more efficiently communicate their impact to a wider audience.
Descriptive analytics uses a full range of data to give an accurate picture of what has happened in a business and how that differs from other comparable periods.
It is the most basic and common type of analytics that companies use, summarizes and highlights patterns in current and historical data.
We can help you make sense of vast amounts of historical data.
With DAECO's descriptive analysis model you can:
- Improve insight and understanding of complex situations in your operational processes.
- Compare your business performance with competitors or across product lines.
- Simplify communication between your data.
- Motivate your teams to reach new goals.
Help all members of the company make more informed decisions that guide the business in the right direction.
- Easily identify operational processes and business areas for improvement.
