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The multiple benefits of using CRM solution, to manage and analyse customer interactions

The multiple benefits of using CRM

One of the benefits of CRM for businesses is the ability to reduce costs and conserve resources. Because automation and centralization are key to the operation of a CRM system, these features can save companies time and money on information management, while freeing up skilled sales, marketing, and support staff for higher-value work.

When you consider all the benefits, there is no doubt that using a CRM can significantly improve any business process. Even better, with each improvement, your customer satisfaction increases, resulting in more new leads and customers. Good CRM functionality can also reduce costs, waste, and complaints (although you may initially see some increases from hearing about things that would have been hidden without a CRM).

CRM is a valuable tool for managing all relationships around your organisation

Customer Relationship Management (CRM) is a combination of practices, strategies, and techniques that companies use to manage and analyze customer interactions and data throughout the customer lifecycle. The goal is to improve customer service relationships, support customer retention and drive revenue growth. CRM systems collect customer data through various channels or touchpoints between customers and a company, including company websites, phone calls, live chat, direct mail, marketing materials, and social media. CRM systems can also provide customer-facing employees with detailed information about customers’ personal information, purchasing history, purchasing preferences and concerns.

Customer Relationship Management (CRM) shows principles, practices, and guidelines. As a result, the organization continues to evolve in its communication with customers. Furthermore, the entire relationship includes direct interaction with the customer. This is why CRM is important for both B2B and B2C companies. For example, sales and service-related processes should be linked to analysis of customer trends and behavior. Ultimately, CRM in the enterprise improves the overall customer experience and performance.

The importance of ongoing CRM maintenance

Finally, don’t underestimate the amount of data your CRM project can generate. Make sure you can expand your system as needed. Carefully consider the data you collect and store to ensure you only keep the information you need. Comply with relevant data protection laws and comply with the General Data Protection Regulation (GDPR).

More Data means high-quality Prediction !

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Are tokenized assets the securities of tomorrow? How securities can be tokenized

Tokenized securities can offer new benefits

Tokenized securities provide a new wrapper for known assets to expand markets and improve liquidity. For regulators, this is less a new product than a new distribution channel that is easier to approve.

Companies, investment banks, asset managers, funds, stock exchanges and investment platforms are already benefiting from the possibilities offered by tokenization. The benefits are many: faster processes through digitization, reduced costs and more efficient intermediaries, and global portability. Be one of the pioneers in your industry and take advantage of it today!

Tokenization also has the potential to transform markets, open investment to a wider range of global investors, and foster innovation in new products. It is because of their digital nature that security tokens can represent not only ownership of traditional assets such as publicly traded stocks or bonds, but also traditionally illiquid assets such as private placements, real estate or art.

Securities can be tokenized

Keep in mind that some decentralized exchanges do not trade tokenized stocks. Instead, they trade in something called a “synthetic asset” or “synthesizer.” These are tokens designed to mirror the performance of other assets. But they are not directly related to actual stocks like token stocks.

Another problem is lack of liquidity. Liquidators only guarantee that they will buy the asset if they get a good price and can resell the tokenized asset on the secondary market. In crypto markets, these liquidations can be fully automated. There are still no trading venues that provide sufficient liquidity for digital securities.

In recent years, financial institutions have devoted significant resources to technology projects aimed at turning securities into tokenized assets. A tokenized asset is a digital representation of value or ownership.

Tokenized securities are not legal securities

The SEC claims that all tokenized securities must be registered. Tokenized shares issued without registration are considered illegal. In the past, the agency has taken legal action against Paragon and AirFox tokens for noncompliance.

The bottom line is this: while there may still be some legal grey areas in cryptocurrency regulation in general, this is not the case for tokenized stocks. According to the SEC, these tokens should be regulated like regular stocks. Exchanges that offer trading services for these tokens will likely be subject to the same regulations as traditional broker-dealers.

Tokens issued by companies in lieu of shares have the same properties and functions and are therefore securities. This means they must comply with registration and submission requirements. This has led to a Security Token Offering (STO), which is more or less the same as an Initial Coin Offering (ICO), with the additional caveat that the entity issuing the token acknowledges that the token represents equity, and therefore securities.

Consider tokenization when evaluating a business opportunity.

The first thing you need to do is decide what you want to tag. It is best to choose an asset that already has a significant market because you know the price range and can price the coin correctly. If your property is not very popular and it is difficult to appraise it yourself, consider requesting an appraisal from an accounting firm.
In the traditional financial world, investment barriers can be very high. Think about the amount of investment required to buy a property or art. Through tokenization, we can lower the minimum investment threshold, allowing even small retail investors to diversify their portfolios and gain access to exclusive markets that were previously only available to large investors and far beyond their reach.
The answer to “Is tokenization the future” depends largely on the question of trust. Trust issues are common in tokenization. It is important to note that the creator of the token cannot act as a regulated financial institution. As such, the security of an asset is unlikely to be documented, limiting its effectiveness in court.
Tokenize assets by issuing digital tokens.
If you want to know how to tokenize assets, you first need to understand the role of smart contracts in converting real assets into digital assets. Digital tokens backed by underlying assets are managed and executed using smart contracts. The terms of the agreement between the parties are inserted into lines of code that already exist on the blockchain network, making the smart contract a self-enforcing and self-enforcing contract.
One of the biggest doubts surrounding you right now has to be the definition of asset tokenization. Asset tokenization is basically the process of representing real tradable assets on a blockchain network as tokens. This type of token, also known as a “security token,” is generated through a security token offering or STO (a variation of an initial coin offering). Security tokens can represent financial instruments, tangible assets and intellectual property.
Our goal is to provide a tool to create new pathways and flows in the marketplace by using tokenization as a bridge between real assets and digital business opportunities. We have powerful technology and streamlined processes, so our clients don’t have to worry about how transactions work or the security of transactions, they only need to think about earning passive profits and real performance associated with tokens – Digitization and Tokenization of World Wealth .

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CRM for Startups and why is essential to adapt and organise all processes accordingly

Organise all your startup processes into CRM

Avoid using manual processes. Manual data entries take up too much time and are prone to human error. The best part about CRM systems is that they not only store data in one place but also break down reports into minute details. Therefore, there is an increased scope for accurate data analysis and reporting.

Create custom dashboards and reports or select from one of the pre-made templates to save you time. Preview those reports in real-time, visualize your CRM data any way you’d like, and share reports with ease by sending individual reports to your team members’ email addresses, or automate your reporting emails so they’re sent daily, weekly, or monthly.

Look at where your lead and customer details are currently living. Many startups default to a spreadsheet or a simple sales pipeline template to track leads, prospects and customers. Perhaps you also keep your call notes in a separate digital notes app.

Benefits of using CRM for Startups

The best CRM for startups is one that helps you build relationships with your customers, track their interactions with the company and record every interaction as it happens. It should also offer easy access and reporting features so that you can keep track of everything.

Startups don’t need a CRM to survive, but it’s an enormously helpful tool that allows startups to maximize their resources so they can actually make room for growth. Because if your team is lost in a sea of disorganized data or weighed down with time-consuming manual tasks, they’re not exactly in the best position to take on even more customers.

Startups have a long list of challenges to overcome. One of the most strenuous of these is building and maintaining customer relationships. If you are struggling with the same, investing in the best CRM for startups might just be the right thing for you.

How to adapt and organise all your startup processes into CRM

For this purpose, a CRM should become a multi-faceted solution that fosters productive lead interactions and measures data throughout the customer lifecycle. It should have a well-organized database that gathers, keeps, and analyzes data about every client. A well-designed custom CRM would also combine operational, analytical, collaborative, or strategic features as well as sales, marketing, and customer care modules.

If you were to ask our team how to develop a CRM software that fits your company just right, we would suggest you start with planning. During the preoperational stage, you’ve got to get a clear vision of what your organization wants inside the custom CRM, what challenges it will solve, and who is going to use it. To drive these conclusions, you’ve got to define the core business objectives you would like to meet with the CRM. For instance, you would like to increase annual sales by 25% or automate the workflows within the sales team to let them communicate with more leads. Such well-defined goals will enable the developers to design detailed project specifications and select the appropriate technology stack. At this stage, you will need to define what CRM type you want to have and what modules you would like to include.

A CRM strategy must include plans for systems and data integration. In order to ensure all your teams work with the same customer information, you must integrate your platforms and software. Data needs to flow from different sources into your CRM platform. For example, if your marketing efforts are completely separated from the rest of the data, or incomplete data is transferred into the CRM system, no one has a robust view of the customer without toggling back and forth between screens. Proper integration and data flow makes your software run smoothly and keeps all your data up to date.

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Blockchain fundamentals and why it‘s disruptive for all industries

What is blockchain?

Blockchain is a method of storing data that makes it difficult or impossible to update, hack, or defraud the system. A blockchain is simply a digital ledger of transactions that is replicated and distributed across the blockchain’s complete network of computer systems.

A blockchain is a distributed database or ledger that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.

Blockchain technology is a decentralized, distributed ledger that stores the record of ownership of digital assets. Any data stored on blockchain is unable to be modified, making the technology a legitimate disruptor for industries like payments, cybersecurity and healthcare. Discover more on what it is, how it’s used and its history.

What are the benefits of blockchain technology?

Blockchains solutions with their decentralized approach can leverage smart contracts and enable members of the system to contract service outcomes and automate contract conclusion. A new member can signal her genuineness and participate in market transactions without incurring information asymmetry. For voting systems, blockchain technology can digitalize it, decrease voter tampering, and possibly improve voter participation. Furthermore, blockchain solutions offer numerous opportunities in the healthcare industry, such as sharing patient data among clinics and research institutes. Blockchain technology can address current concerns regarding security by leveraging cryptography, decentralization, and consensus mechanisms. With an universal exchangeable format, healthcare professionals and institutions can easily access sensitive data without putting it at risk.

A blockchain could serve as a public ledger for a massive number of devices, which would no longer need a central hub to mediate communication between them. The devices would be able to communicate with one another autonomously to manage software updates, bugs, or energy management. It can provide secure transactions, reduce compliance costs, and speed up data transfer processing. Blockchain technology can help contract management and audit the origin of a product.

How can blockchain be used in industry?

Blockchain isn’t only used for financial transactions. Due to its secure and transparent nature, the technology is versatile to needs beyond one area of expertise. Industries covering energy, logistics, education and more are utilizing the benefits of blockchain every day.

As companies use blockchain to drive greater transparency and veracity across the digital information ecosystem, they’re boosting awareness of the technology in sectors ranging from infrastructure to public policy. Blockchain technology has been used brilliantly in the banking industry. Financial institutions were unable to handle the additional demand following demonetization, stressing the necessity for a centralized specialist to handle financial transactions.

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Finanțare PNRR: Ghidul pentru Digitalizarea IMMurilor, lansat spre consultare publică

Beneficiari eligibil: întreprinderi, societăți reglementate de Legea societăților nr. 31/1990, republicată, cu modificările și completările ulterioare, care se încadrează în categoria de IMM și au sediul social în România.

Activitățile sprijinite în cadrul investiției/operațiunii:

  • achiziții de hardware TIC;
  • achiziții de echipamente pentru automatizări și robotică destinate fluxurilor tehnologice, integrate cu soluții digitale;
  • dezvoltarea și/sau adaptarea aplicațiilor software/licențelor, inclusiv soluțiile de automatizare software de tip RPA, respectiv Robotic Process Automation;
  • achiziții de tehnologii blockchain;
  • achiziții de sisteme de inteligență artificială, machine learning, augmented reality, virtual reality;
  • achiziționare website de prezentare;
  • achiziția de servicii de tip cloud și IoT;
  • instruirea personalului care va utiliza echipamentele TIC;
  • consultanță/analiză pentru identificarea soluțiilor tehnice de care au nevoie IMM-urile etc.

Buget apel: alocarea pentru acest apel, corespunzătoare secțiunii deschise este de 347,5 milioane euro.

Categorii de cheltuieli eligibile în cadrul acestui apel de proiecte, sunt:

  1. cheltuieli aferente achiziționării de servicii de consultanță pentru elaborarea proiectului;
  2. cheltuieli pentru managementul proiectului;
  3. cheltuieli cu servicii de consultanta/analiza pentru identificarea soluțiilor tehnice de care are nevoie IMM-ul, cu condiția ca soluțiile tehnice identificate și descrise în documentația tehnică realizată, să facă obiectul investițiilor din cadrul proiectului aferent cererii de finanțare;
  4. cheltuieli aferente achiziționării de hardware TIC,  de echipamente pentru automatizări și robotică integrate cu soluții digitale și a altor dispozitive și echipamente aferente, inclusiv pentru E-commerce, IoT (Internet of Things), tehnologii blockchain etc., precum și cheltuieli de instalare, configurare și punere in funcțiune;
  5. cheltuieli aferente realizării rețelei LAN/WiFi;
  6. cheltuieli aferente achiziționării și/sau dezvoltării și/sau adaptării aplicațiilor/licențelor software, cheltuieli pentru configurarea și implementarea bazelor de date, migrarea și integrarea diverselor structuri de date existente, pentru gestiune financiară, gestiunea furnizorilor, resurse umane, logistică, cheltuieli pentru implementarea RPA (Robotic Process Automation), ERP (Enterprise Resource Planning), CRM (Customer Relationship Mangement), pentru sisteme IoT (Internet of Things) și AI (Artificial Intelligence), tehnologii blockchain, soluții E-Commerce etc. și  integrarea acestora in BTP (Business Technology Platform), acolo unde este cazul;
  7. cheltuieli aferente achiziționării unui website de prezentare a companiei;
  8. cheltuieli aferente achiziționării/închirierii pe perioada de implementare și durabilitate a proiectului, a unui nume de domeniu nou;
  9. cheltuieli cu servicii de trecere a arhivelor din analog/dosare/hârtie în digital indexabil;
  10. cheltuieli aferente achizițiilor de servicii de tip Cloud Computing pe perioada de implementare și durabilitate a proiectului;
  11. cheltuieli aferente achiziționării de servicii pentru consolidarea securitatii cibernetice aplicabile pentru software/găzduire/rețele, pe perioada de implementare și durabilitate a proiectului;
  12. cheltuieli cu serviciile de auditare tehnică (IT și DNSH);
  13. cheltuieli cu instruirea personalului care va utiliza echipamentele TIC (cheltuială obligatorie în procent de maxim 10% din valoarea finanțată).

Pentru detalii ne puteți contacta completând formularul de aici. 

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Best Assets to Tokenise on blockchain, best marketing strategies for Assets Tokenisation

There are a number of assets that could be tokenized on the blockchain.

Nonetheless, many corporations are eager to participate in this lucrative market, and billions of dollars in assets have already been “tokenized”. We appear to be only scraping the surface of what might become one of the decade’s most important enterprises. Furthermore, trillions of dollars in real-world assets can be tokenized, and there aren’t many reasons not to do so if clear regulatory requirements are in place.

Effectively, any valuable asset (tangible or not; real or financial instrument) can be tokenized. The resulting digital asset can be considered a coin (or cryptocurrency, which serves as mediums of payment) or a token (digital representation of a tradable asset or utility).

Since investors will be acquiring tokens representing a proportional part of a given asset, they can interact with these tokens by acquiring more from other token owners or selling them to third parties. We are using ERC20 tokens which allow the investors to withdraw their tokens from the platform, and store them in their personal wallets, or use them to interact in other platforms or markets. Our goal is to provide endless possibilities to our investors, so please review the “Blockchain technology and asset tokenization” section to learn about technology and the ERC20 token.

Assets can be monetized through marketing strategies.

Asset tokenization can create new business and social models, such as share ownership of the property itself or of the rights belonging to it. For example, different people owning tokens of a house located on the beach, can now decide when a token owner can go and stay in said house. This is a disruption in the business model, since several people own the same house, or the rights associated with it. Therefore, they can establish when they can use it for themselves or make a profit if they decide to rent the house at times when no token owner is using it, or because they have simply decided that it is better to have a return by renting the house in a continuous way. This example also serves as an example as to how it creates a new social model since one same asset is shared by various individuals who might not share any connection between them except owning tokens of the same house. We are used to owning something only by ourselves, and we must pay for it in its entirety. With asset tokenization a shared economy is built, where just by owning a part, we can still enjoy benefits that a full ownership can provide such as the possibility of using the assets or obtaining profits that come from them.

Asset tokenization of real estate assets is very much alike to taking a private business public. An investor can acquire tokens of a property and become an owner of the tokenized property in the proportion of tokens acquired from all the tokens available. By acquiring these tokens, the investor will have a right to the property’s profits, which will then be distributed to all token owners on a pro-rata basis. For instance, if you own 1% of a tokenized property, you will receive 1% of the property’s profits on a periodic basis.

In its purest definition, an asset is a valuable resource owned by someone or something which represents a good (e.g., land, patent) or contractual agreement (e.g., financial instruments, such as cash, stocks, equity, bonds or derivatives), and which can be used as means of exchange or investment.

Assets can be traded on secondary markets.

How will assets be traded in secondary markets? To ensure the trading of security tokens only on regulated marketplaces, a set of regulations is needed. We are looking at procedures to guide ownership, private valuations, AML/KYC, investors, etc. Also, these requirements can significantly vary from jurisdiction to jurisdiction.

The situation of the art market is a good entry point into the issue of investing in and exchanging of non-bankable assets. Art collections are notoriously illiquid and the sale of a work of art on the market is generally 100% (although there are cases of shared ownership collections). Associating a piece of art with securities or tokens (e.g. issuing tokens at 0.01% of the artwork value) makes it possible to reduce the investment ticket at will. Importantly, small ticket size is a sine qua non condition for the emergence of a liquid market for collectors and investors that does not require the sale of the entire asset. The different solutions available to the market participants are then:

Businesses can find a listing on Securitize Markets, following the issuance process. The Securitize Markets give you a primary marketplace as well as the flexibility for secondary trading. Investors could easily purchase and sell newly generated digital securities. Most important of all, Securitize is easily the most popular asset tokenization platform with the accreditation of SEC and FINRA.

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Fintech platforms, digital banking systems and investor management modules

The term Fintech (Financial Technology) refers to software and other modern technologies used by businesses that provide automated and improved financial services. The fast and innovative progresses such as Mobile Payments changed the way we manage our finances. Tech-savvy customers, especially millenials expect money transfer, lending, loan management and investing to be effortless, secure and scalable, ideally without the assistance of a person or the visit of a bank.

Fintech platforms

Creating these types of products isn’t easy. It requires technical fidelity and knowledge about customer experience. If you want to compare your product idea to the market, use our list to do so. If you want to create a similar product, check banking software development services that suit your needs.

To be considered as such, digital banking platforms must offer services solely online, as opposed to online components of a standard offer. These solutions heavily rely on process automation, web- and mobile-based services. They also utilize artificial intelligence (AI) and other various forms of support to recognize customers and process-related data.

Digital banking platforms offer possibilities that are the same for everyone, but after logging in, highly personalized. It’s because Big Data and other forms of analytics are used to determine what the user is interested in, what his capabilities are, and what solutions might suit him or her the best.

For example, Investor dashboards are web based dashboards that allow investment managers to publish intraday or daily holdings, cash and instrument transactions, valuations, performance measures and mandate variance to their clients within a company defined layout. Clients are able to amend / reorganise the layout to suit their preferences, providing a personalised form for data consumption.

In-depth details here.

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CRM, ERP, Project management, Document Management, Secure Blockchain infrastructure

Blockchain is a digital, decentralized, and encrypted database that is best known as the underlying technology for cryptocurrency. However, many other applications of blockchain have been discovered, such as cyber security, government systems, and healthcare. Essentially, blockchain has many uses that are still being discovered. Blockchain is a new way of managing data that is increasing in popularity among businesses and governments.

The most important feature of a blockchain is its decentralization- every unit of data is stored on every node on the network simultaneously and cannot be changed or deleted. This makes it very hard to corrupt or delete data from a blockchain. Additionally, since blockchain is encrypted, all data stored on it is inaccessible without the proper security keys. This means that private blockchains are more secure than public ones. It also means that blockchain is more secure than other IT infrastructure like virtual computers.

Blockchain has a lot of potential in the fields of finance and banking. Many banks are using blockchain to transfer money internationally at a faster rate and with greater security. Furthermore, companies can use blockchain to store and manage their financial records. This saves time and money by reducing the amount of paper documents required to run their business. Furthermore, there are several ways to transfer funds with greater security when using blockchain in this way.

Many businesses are exploring how to apply blockchain technology to various industries. The food industry is particularly excited about the possibilities- it can use the technology to track food from farm to table in an effort to prevent product contamination and adulteration. Other industries exploring how to use blockchain include health care, supply chains, property ownership, and marketing campaigns. Essentially, blockchain infrastructure is a growing field with many possibilities that we have yet to explore in depth.

Currently, many businesses are finding great uses for blockchain technology in cybersecurity and other industries. Providing transparency and security to transactions will revolutionize how governments and businesses operate in the future. Private blockchains are more secure than public ones. The main advantage of using a private blockchain compared to a public one is accessibility and security- anyone with permission can access the data on a private blockchain whereas only authorized individuals can access data on a public one. Since data cannot be accessed without the correct keys, private blockchains are inherently more secure than public blockchains because they’re inaccessible without the correct keys.

Blockchain is more secure than other IT infrastructure like cyber security or cloud storage. – Blockchain provides greater levels of security compared to cyber-security programs or cloud storage since it’s both accessible and secure by design. – Blockchain provides transparency and security through decentralized storage of information- making it an ideal solution for any type of data storage. As far as we know right now, there’s still so much potential when it comes down to how we can apply this technology in different ways; it’s something we’ve only just begun exploring properly. We have yet to discover all the uses for this revolutionary technology that has revolutionized our way of thinking over the past few years.

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Tokenised Real Estate Projects, the benefits of fractional investments platforms

Real estate investments are a lucrative career choice for many people. However, the market is dominated by long-term loans that few people choose to take up. Tokenized real estate innovations allow anyone to make money off rental properties with minimal effort. Plus, investors gain access to a wider range of real estate options through the platform. They also gain access to security deposits that help manage risk during negotiations.

Most real estate investment transactions involve long-term loans. This limits the number of potential investors in this field. Fortunately, tokenized platforms allow anyone to invest in real estate without hassle. Investors can purchase fractions of real estate without committing wholeheartedly to any of them. This allows for a higher return on investment without limiting their choices. Additionally, fractional investments make it easy for investors to diversify their portfolios. Real estate is a lucrative market choice for many reasons when compared to other investments.

Investors can also choose from a wider range of available real estate property options through tokenised platforms. These allow for easy and quick property purchases and sales. All of the properties available through these platforms are prime real estate locations in major metropolitan areas. This makes it easy for experienced and knowledgeable investors to find profitable properties quickly. Plus, it eliminates the need for long sales processes when selling properties. This allows developers and real estate agents more time to find buyers for their properties and increase their profits.

Many new investors fail to fully understand the risks involved in real estate investments. Tokenized security deposits help manage risk during negotiations with landlords and property owners. These deposits help newbies identify problematic areas in an apartment building’s interior before purchasing it outright. Tenants who live in the building can also request extra deposit money from landlords before leasing property in problematic areas. This helps newbies identify problems before buying property in those areas.

Real estate is an expensive asset class that many people would love to invest in. The current market is dominated by long-term loans that few people choose to take up. Tokenized platforms allow anyone to make money off rental properties with minimal effort, thanks to fractional investments and property options. Tenants and landlords can also request extra deposit money from newbies when leasing property inside problematic areas. This helps newbies mitigate risk when leasing property inside problematic areas. Fractional investments are a great way for anyone to make money off real estate!

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Brain AI using Big-data, Analytics, Prediction, Artificial Intelligence & Machine Learning for Actionable Results

Data analytics is a method for analyzing data to produce knowledge and understanding. It’s becoming increasingly important in today’s world where information is constantly changing. Data analytics is used in many sectors and is quickly becoming a universal skill. Analyzing data helps us make sense of it, formulate plans based on that information and ultimately help us live better lives.

Data analytics is a process involving the analysis, synthesis, organization, classification, interpretation and interpretation of data to produce predetermined results. In the past decade, data analytics has become more popular thanks to the advancement in technology and data storage. The use of data analytics is becoming more important in almost every field. This includes business, education, government and health sectors. For example, businesses analyze the performance of their systems based on the data they collect. Education uses data analytics to measure the academic performance of their students. Government uses it to plan resources based on their needs and health organizations use it to plan treatments for patients with diseases.

There are many different types of data analytics- including statistical analysis, machine learning and natural language processing among others. Each has its own uses- statistical analysis is used to create databases while machine learning aims to train computers using artificial intelligence. Language processing is used to analyze text or speech for meaning and natural language processing looks for natural language patterns in structured data. Basically, there’s no shortage of innovative ways to use data analytics in the future.

Data analytics has become so popular that most people have heard of it before actually knowing what it is. Data analysts are now a sought-after profession due to the high demand for their skills. The number of jobs for data analysts increased by 26 percent from 2010-2016 in the US according to the Bureau of Labor Statistics (BLS). Other countries have similar job growth rates for their equivalent jobs. This includes Canada with 17 percent job growth from 2010-2016 and China with 18 percent growth over the same period. In the future, job growth rates for data analysts will likely increase as more organizations attempt to understand how people are using new technologies effectively.

Data analytics is quickly becoming a skill that everyone needs in order to function in today’s world. It’s becoming increasingly important in sectors such as business, education, government and health as more people seek ways to make sense of ever-expanding data sets. There are many ways to perform data analytics; Everyone needs at least some understanding of how to analyze data using various methods in order to succeed in the field.