EWAY Innovations

Google Trends shows that over the past five years, demand in Predictive & Prescriptive Analytics  has steadily risen. Business intelligence and predictive analytics, commonly referred to as advanced analytics, are becoming more and more associated. Are the two related, and if so, what benefits can firms expect from combining their business intelligence and predictive analytics efforts? Let's start with the definition of predictive analytics and then look for answers to this and many other questions. Predictive analytics: What is it? Many businesses utilise predictive analytics, an important analytical technique, to assess risk, estimate future market trends, and determine when maintenance is necessary. To find patterns and identify patterns, data scientists take past data as their foundation and employ a variety of regression models as well as machine learning approaches. Predictive analytics' primary objective is to make future predictions that are highly ...

Anything from hotels to data centres, to transportation and hospitality. Almost all industries rely on IT resources. It would not be feasible to execute their operations or activities without IT resources. Therefore, a firm must have robust IT asset management. In order to preserve IT assets and track them, it is necessary to use IT asset management software. In addition to this, it offers a number of features, which we shall outline below. However, not every industry can use every function of IT asset management software. However, depending on your sector, you will undoubtedly find capabilities in the software that are helpful. As a result, the best asset management  software  must contain the important components of an IT asset management programme. Preventative maintenance Comprehensive capabilities to efficiently track and manage assets are provided by asset management software that is coupled with a powerful asset management module. Planning for mainten...

  Are you looking to get the most out of Microsoft 365? Look no further! In this blog, we will share some of the best tips and tricks for using this powerful office software suite. From utilizing the cloud storage and collaboration features to exploring the different applications and their capabilities, we will provide you with the knowledge and tools you need to make the most of your Microsoft 365 subscription. So, let's dive in and explore all that Microsoft 365 has to offer! Take advantage of the cloud storage and collaboration features. With Office 365, you can store your documents in the cloud and access them from anywhere with an internet connection. This makes it easy to share your documents with others and collaborate on projects in real-time. Simply upload your documents to the cloud, share the link with your collaborators, and start working together seamlessly.  No more emailing back and forth with attachments or losing track of the latest version o...

  Enterprise resource planning (ERP) systems are used by businesses to manage and integrate various functions and processes, including supply chain management. ERP Solution creates a system is a centralized platform that stores and processes data from various departments, such as finance, sales, and operations. By integrating these functions into a single system, businesses can streamline processes and improve efficiency. Supply chain management is the process of coordinating the flow of goods and services from the supplier to the customer. It involves the management of raw materials, inventory, transportation, and distribution. A well-managed supply chain can improve a company’s competitiveness, reduce costs, and increase customer satisfaction. There are many ways to streamline processes and optimize the use of an ERP system. Some common approaches include: Identifying and analyzing current business processes to identify bottlenecks and inefficiencies Redesigning proce...

  Businesses are being inundated with a tonne of data every day, so it is crucial that they are able to make sense of it all. This is where BI is useful. BI is simply a group of tools, frameworks, and procedures that assist turn unprocessed data into useful information that businesses may use to make choices. Business organisational decisions are directly impacted by BI. BI encourages fact-based decision-making by utilising carefully computed historical data.   Business intelligence applications  assist with data analysis and the production of presentations, dashboards, infographics, charts, and summaries. Business analytics versus business intelligence It's common to describe business intelligence as being focused with the diagnostic and descriptive levels of analysis. In other words, BI aims to answer questions about what has already occurred, how things are now, and how the patterns in the metrics that are being seen come to be. Predictive and prescriptive analytics, o...

Depending on their unique circumstances and industry, several firms will engage in a business intelligence (BI) system for a variety of reasons. Businesses in today's world are under ongoing pressure to adapt to the most latest improvements in their industry.   Business intelligence  (BI) systems, which enable organisations to more efficiently gather, analyse, and manage data, have been developed as a result of this pressure. An extensive range of tools and capabilities made available by purchasing a business intelligence system enables more individuals to examine data, make choices, and enhance operations. Here are a few characteristics you should demand in any   Business intelligence  solution you examine, regardless of your preferences and regardless of the specifics of your intended use. Mobile BI Accessing data and conducting analysis on smartphones and tablets is referred to as mobile business intelligence. Access to KPIs, measurements, and dashboards while on ...