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Saccos in Kenya are ripe for disruption

The growth trajectory gained by deposit-taking Savings and Credit Cooperatives (SACCOs) in 2017 was according to key financial growth parameters appealing. With total assets increasing to Ksh 442.27 billion in 2017, it reflected a growth rate of 12.4 percent from the previous year. The total loans shot to Ksh 331.2 billion reflecting a hike of 11.29 percent from 2016; while deposits grew to Ksh 305.3 billion reflecting a growth rate of 12 percent from the previous year. Unlike in the banking sector, this growth has happened with very little technological interventions, but......

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General Overview of Dashboards & Scorecard

Dashboards and Scorecards are common tools used in business intelligence for supporting performance management. They are usually used for similar purposes and can be used at the same time but their functionalities differ. When choosing a dashboard or scorecard, one should consider the purpose of use, types of data to be monitored, and the focus on long term and strategic versus more immediate goals. Use of visualization and key metrics in both tools are common thus confusing some people on their similarities but they aim to do different functions A data dashboard is an......

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Data Automation: Reducing Human Error

No one is perfect- and even the most seasoned employee can inadvertently invert a number on a spreadsheet. It happens to the best of us. If you or someone on your team is manually transcribing data, typographical mistakes are going to happen. Regardless as to whether your company is involved in biotech, manufacturing or IT, data entry errors can cost your organization time, money and resources. If you work in a commercial industry, data entry errors can lead to overfilled or underfilled orders. If you work in the health care industry, the......

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The Value of Historical Reporting

Companies always want to do better, and managers are constantly looking for ways to streamline processes and increase efficiency. Yet, if you’re not tracking where you’ve been, it can be hard to set goals in terms of where you’d like your team to go. Historical data The phrase “historical data” isn’t that hard to define. Put simply, it’s a collection of data that outlines past circumstances and events.  These types of reports can tell you how your sales team was performing during the market crash of 2008. It can tell you how......

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Using Real-Time Analytics in a Manufacturing Environment

If you’ve stumbled across our blog you probably know that data can be an invaluable tool that, when used properly, can help streamline business processes and increase efficiency. You may have also heard that using real-time analytics can be a great way to help operationally. We’re here to tell you that the rumors are true. Overall equipment effectiveness (OEE) In a manufacturing environment, overall equipment effectiveness is of the utmost importance. How valuable would it be if you knew, in real time, that a piece of equipment is in the very early......

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BI: Traditional Reporting vs Interactive Dashboards

In the very changing world of data, most business are still struggling to manage it. If you can’t manage your data, it’s impossible to evaluate. If your office is living in the world of .xls spreadsheets and SQL, finding a way to marry the pair make your data management infinitely easier. A dashboard for your office When you’re in your car, your dashboard tells you a lot. You’ll know how much gas you have, when you need to get your next oil change, how fast you’re driving, your average miles per gallon......

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Using Text Analytics to Analyze Customer Feedback

If your company is using open-ended survey questions in an effort to maintain a competitive edge, you may be surprised to learn there are ways that you can manage your unstructured data in such a way that it will allow your company to maximize its business value. While most everyone agrees that open-ended questions allow companies to better understand their customers’ experience, analyzing those insights, and coming up with the “why” behind the responses can be a challenge. If you can imagine collecting five thousand client surveys and then trying to categorize......

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Machine Learning for Predictive Analysis

Most everyone will agree that big data is a virtual untapped resource of intelligence that can both help support business decisions in addition to enhancing operations.  As data continues to change and diversify, businesses are beginning to understand the value of embracing predictive analytics. If you’re not familiar with what predictive analytics is, we’ll take a minute to explain it. First, you should start by knowing that predictive analytics and machine learning are not the same thing. Yes, they do overlap in some cases, but we’ll get into that later. Ultimately, predictive......

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Business Intelligence and the Internet of Things

If you’re wondering if your organization could benefit from the use of business intelligence and data analytics, you’ve come to the right place. For this blog post, we wanted to address business intelligence and the Internet of Things (IoT), and how the use of real-time data analytics using IOT devices can help your company enhance its profitability. Yes, terms like “big data analytics” and “the Internet of Things” are hot and trendy buzz words among technology analysts and researchers, but it’s worth noting that when you put the science behind these types......

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How to Use Data Analytics to Increase Your Small Business ROI

Every business wants to maximize profits, but if you’re not using data analytics as a means of helping to boost your ROI, you should be. Business leaders throughout the globe agree that sales teams need to evolve if they want to remain competitive. And while managers agree that investing money in things like sales training and technology are important, because they understand the importance of responding to artificial intelligence and automation, they may not realize that they should also be evaluating existing data sets. The bottom line is simple- when data analytics......

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