Benefits and Use of Analytics for Insurance

The world in which we live is a volatile world, a fact that doesn’t bode well for the insurance industry whose greatest ally is “certainty”. Analytics, however, can somehow fill the gap. In this regard, BI reporting tools such as data visualization software are extremely useful.

Advanced analytics for insurance allows all stakeholders in the industry to identify new growth opportunities and risk factors as soon as they take shape. Insurance companies such as yours can benefit from analytics in two ways.

  • Protect your enterprise.
  • Optimize your business’s growth.

Three important things to remember

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List of Visualizations and Chart Engines

The internet is quickly filling up with wonderful visualizations and this is because of greater awareness that "Visuals are better than spreadsheets" for conveying the story.

This couldn't be possible without the innumerable Charting engines made available by the dedication of open source developers.

Checkout the wonderful and interesting list of charts and engines that were submitted to Hacker News

Read more at http://www.infocaptor.com/dashboard/big-list-of-visualizations-and-chart-engines

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Reporting and Dashboard Automation for Marketing

Marketing Reporting and Dashboard Automation

For anyone who works in the marketing sector, customer satisfaction and company progress are of utmost importance.

In the past, entrepreneurs lived by the adage “The customer is always right.” Even then, the satisfaction of customers was the gauge of company owners as to what products or services they would cater. But with technology automating almost every task today, these satisfaction indicators are further expounded and interpreted through analytics and data reports.

Reporting and Dashboard Automation in-a-Nutshell

In analytics, there is a systematic collection and analysis of data taken from several departments, usually interpreted to form a summative assessment of an office, performance, product, or service, or to help companies to develop their plans and achieve their goals. Basically, it’s all about numbers, but these data are relevant to a given office unit.

However, this task of collection and interpretation is a breeze because of reporting and dashboard automation for marketing. What can be done and encoded in days can be accomplished in a matter of minutes, provided the system used is up-to-date.

Read more at http://www.infocaptor.com/dashboard/reporting-and-dashboard-automation-for-marketing

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How to make dashboard using PostgreSQL database

PostgreSQL is a powerful, open source object-relational database system. It has more than 15 years of active development and a proven architecture that has earned it a strong reputation for reliability, data integrity, and correctness. It runs on all major operating systems, including Linux, UNIX (AIX, BSD, HP-UX, SGI IRIX, macOS, Solaris, Tru64), and Windows.

Are you using PostgreSQL for your data marts or data-warehouse? If so, build your Free PostgreSQL performance dashboard software.

Read more at http://www.infocaptor.com/ice-database-connect-dashboard-to-postgresql-sql

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Benefits of Dashboards for Sales and Profit

A dashboard works by connecting with your business systems, including your email system, customer relationship management (CRM) system, accounting software, and website analytics program, among others.
dashboard pulls all these data into one place so you won’t need to log into several systems. It allows all business owners to better manage their business and consequently increase sales and profits.

Using a wrong kind of dashboard approach such as making dashboards in Excel, using charting engines and wrting it from scratch or desktop only dashboard software can give you cheap results but in the long run, these are throw away techniques

Using the right BI Tools can transform both your enjoyment and success in running your own business. In more specific terms, the right dashboard will provide you these 6 key benefits:

Read more at http://www.infocaptor.com/dashboard/how-can-bi-tools-like-dashboards-help-with-sales-and-profit

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Importance of Dashboards and Data visualization for Energy and Utility

Time-and-again, analytics has been useful in people’s lives, whether it’s in higher education, marketing, the health sector, or in energy and utility services. The last one, however, is still in a major upheaval because of the introduction of the latest technologies to measure utility and provide more accurate energy readings. But if used properly, the data from analytics can prove to be reliable sources of insights for the proposal of new energy utilization schemes and gaps in the supply and demand chain.

The benefits and use of analytics for energy and utility do not entirely differ from those in the marketing, higher education, and public health service. Data taken from the analytics reveal a lot about consumer behavior, which is then an important facet in businesses and public service.

For example, energy-providing companies can pool together the data from surveys and smart devices to define how consumers use energy, and how much energy should cost in a specific area.

Instead of hiring manpower to do this analysis for your company, you may rely on an employee or two to encode or track the data. The rest is for the automated system to process.

Read more at http://www.infocaptor.com/dashboard/benefits-of-dashboards-and-data-visualization-for-energy-and-utility

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Benefits of Dashboards for Healthcare

Data backing is extremely important; measurable, accurate metrics more so. In industries, such as healthcare, metrics allow for better strategy formulation and implementation.

Although it is not as easy to convert users of so-called tried and tested management methods, there is a chance of effecting change when increasing costs and decreasing revenues enter the picture.

These days, data is not as difficult to obtain. And when you are running a healthcare business, this is not something you can just turn your back on.

Health costs are always on the rise, leading to the entry of service providers offering to provide healthcare services at a fraction of the price. This then, makes the competition for consumers fiercer every day.

Thus, it is essential to have measurable data for everything from patient spending, operational costs, profits and losses, and the like. These are what KPI performance dashboards for healthcare aim to provide.

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Importance of Analytics for Higher Education

More institutions are now taking advantage of Analytical Dashboard Software, whether it be in the form of Excel Dashboard Software or Online Dashboards using some kind of SAAS service - study plans are developed based on data taken from students. Because of Analytics, courses have been tailor-made for classes, and one class is unique from another. Analytics also provide a gauge for academicians to rate their institutions and themselves, using it as a tool for improvement and solutions-based programs.

The Role of Analytics in Higher Education

In a study for ECAR 2012, various words and themes emerged to define analytics. These are classroom use, prediction, automatic data, Google, course distribution, data mining, and metrics. Synthesizing these terms, analytics is defined as the process of gathering and interpreting data to address, give light to, or answer a strategic question.

Read more at http://www.infocaptor.com/dashboard/benefits-and-use-of-analytics-for-higher-education

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Using Visualization to Increase Engagement and User Experience

If you give public presentations involving numbers and data, you already understand the underlying principle of dashboard visualization.

You don't illustrate your speaking with slides full of bare numbers, do you? You compile those numbers into charts or graphs to make them easily comprehensible to your audience.

The same principle explains why dashboards are so effective, utilizing visualization to increase ease of use and engagement for the user.

Whether you are presenting to a board of directors or introducing a client to the potential of your marketing campaign, visualization is key to reaching your target audience.

Here's how you can put that visualization to best use.

Read more at http://www.infocaptor.com/dashboard/how-to-use-visualization-to-increase-engagement-and-user-experience

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