Posts Tagged "Business Intelligence"

WHY DATA-MINING IS IMPORTANT

Data, , , ,

Despite the fact that data-mining is a newcomer to the business field today, nobody can deny its importance in making businesses grow. In this article, we will provide our readers with a detailed definition of data mining. We will also talk about its uses of and its influence.

1/DEFINITION:

To make it simple, data-mining is all about gathering and digging data. Then, you need to analyze it in order to get relevant and useful information. Data miners of course use business intelligence solutions instead of the old tools and software to track and analyze the huge amount of structured and unstructured data. 

2/HOW DOES IT WORK:

The Business intelligence solutions provide relevant and continuous ETL (extract-transform-Load) data processing to help organizations and businesses warehouse data smoothly. In fact, after finishing the mining process, business owners and decision makers will be provided with useful reports of summarized data. Before data-mining came to save us, these reports needed a high level of expertise.

3/BIG DATA:

As modern businesses rely on a massive amount of data today, they should check it and analyze it whenever they need useful information. This is how the term “Big Data” was created. Indeed, business owners, leaders and organizations use data-mining systems in order to get helpful data that is manipulable and flexible, so they can make better decisions.

4/THE USES OF DATA-MINING:

We can rely on business intelligence solutions in many fields. In fact, data that comes from sales, consumer behavior, market trends, categorizations, etc, needs to be treated for many specific industries. In addition, data-mining has an extremely important role on other fields such as biomedical research and educational organizations.

5/CONTACT US:

Our experienced team and data-mining department can be the reason for your success. Click here to know more about history and achievements! What are you waiting for? Seize the opportunity and contact us now!


DATE: Aug 1, 2019
AUTHOR: StepsTeam

The Water Industry Embraces Data for More Efficiency

Artificial Intelligence, Business, Data, Uncategorized, , , ,

The water industry adapts data for more efficiency. In fact, the world is witnessing another crisis: water scarcity. Indeed, several conflicts over water resources are marking new headlines. This situation increases the worries of scientists. Even authors such as Steven Solomon expressed their fear in bold words. They incite the stakeholders of the water industry to take serious measures to tackle this threat.

1/ What Do Reports Say ?

Following the 2016 report from the UNEP-hosted International Resource Panel, the demand on water supply will significantly grow by 40 % in 2030. Therfore, these alarming figures will even put more pressure on water utility providers. They should invest double efforts to provide the precious water. We talk about doubling our water consumption in the last century. The increasing demand on water resources is only getting issues more complicated. Thus, the water industry should change and evolve to meet the expectations of the increasing number of customers. The organizations that manage water supplies around the world are facing critical issues.  The water scarcity is chief among them.

2/ How Can Data Analytics Save Water ?

Shortage in water supply will negatively affect food chains. It can even bring about lingering economic crises. Consequently, it will hinder economic growth. To put an end to this critical problem, water utilities companies are increasingly resorting to digital platforms and data analytics. Using data mining techniques, they can detect water leakages and improve the use of water resources. According to the latest statistics issued by the World Bank, the world loses about 25-35% of water due to leaks and bursts. The annual value of this non-revenue water (water produced and lost by utilities) is equal to $14 billion. But how can data science alter this situation?

3/ How Do We Operate ?

With the assistance of our business partners, STEPS orchestrated IT solutions to use and interpret data. Using data intelligence services, we manage the extraction and distribution of water resources to customers. Our data analysts orchestrate business insights to bring about new measures to tackle water losses. We can also predict different leaks in distinct locations. Thanks to data mining services, STEPS and its worldwide partners are working to raise awareness about water consumption. We provide data solutions to guarantee a better management of water.

4/ Does Data Science Helps to Detect Leaks?

We gather information about your business. During the next phase, we allow the technical teams to intervene on the site. By this, we can prevent water frauds and leakages. The software provided relevant data like the start time of a leak and when it was fixed, based on real-time information. This situation will bring about more focused investments based on types and frequency of problems in each zone. Data analytics , with its precise predicative analysis, is really changing the face of the water industry.

5/ Want to Profit from this Innovatory Process?

Steps has already worked with more than 167 clients over the world on reducing Non Revenue Water. Thanks to precise data analytics, we worked to detect current frauds and optimize water management. We enable business stakeholders to elaborate faster and more effective responses. Learn more about our activities on steps.tn 


DATE: Oct 26, 2018
AUTHOR: StepsTeam