You Can No Longer Ignore Data Analytics

What do you mean by Data Analytics?

Data Analytics refers to the process of collecting, organizing, interpreting and extracting the useful insights from the raw facts and figures in the huge amounts of data generated by a business on a daily basis. The main responsibility of the data analyst is to translate the burgeoning data into useful perceptions and then into valuable information, assisting the organizations to make smart decisions based on data instead of relying on instincts.

How important is Data Analytics?

In today’s world, accumulation and storage of the massive amount of data streaming into an organization’s databases has become a concern. Volumes have increased to millions and millions of gigabytes. Companies have moved far from just directories, datasheets, and documents.

But at the end of the day, it is almost impossible to analyze and interpret all this data. This data includes not only text but videos, photos, sound recordings and sensor data.

The data streaming into an organization’s data warehouses is increasing at an exponential pace and is expected to grow by up to 50 zettabytes by 2020. A zettabyte is over 931 million gigabytes! Each and every action we do online leaves a digital trace. Every single action we make when we go online such as online shopping, chatting with the friends through social media applications or using GPS equipped smartphones generates data which businesses mine for information. We basically leave digital footprints with every action we take digitally involving the use of the internet.

The amount of data generated is growing rapidly and this requires the use of advanced technology and tools specifically designed for the analysis and interpretation of this enormous amount of data. This is where data analytics come to the rescue. The thorough and in-depth analysis of this “Big Data” requires the use of data analytics software such as Python, SAS, R and Hadoop which were developed specifically for handling Big Data.

Data analysis using these tools with mathematical and statistical algorithms will further assist an organization with developing good decision-making processes and allow it to respond to customer queries rapidly, resulting in an increase in goodwill for the organization. The high accuracy in Big Data analysis also ultimately helps the organizations to increase profits and lower costs.

Developing new products based on ongoing market trends can be done only when Big Data is accurately and precisely analyzed. Customer satisfaction matters a great deal if a business wants to be successful and popular with its target audience. The market trends and customer preferences must be analyzed properly and specifically so as to develop products which are trendy and acceptable to the target audience. The data findings may even assist companies in taking advantage of new market revenue opportunities and ultimately improve customer satisfaction, thereby enhancing the operating efficiency and profitability of the company.

6 Things to Consider When Sourcing a Printed Circuit Board Manufacturer

A printed circuit board is a basic part of many electronic devices. The design of the boards can vary from the simple to detailed units to match the intended use. However, it is essential to find the reliable manufacturers to ensure a high-quality board is built and able to last for the long-term.

Let’s take a look at a few of the most important things to consider:

Latest technologies

The reliable manufacturers will make use of the latest technologies that are able to work with the modern devices. There are still many manufacturers that continue to use obsolete or old software, but this isn’t likely to give the desired results if creating a high-end product.

Flexible design options

The ability to provide customization in the process of creating the printed circuit board is certain to be a very appealing quality. Any manufacturer that is able to help in this area will be very efficient at creating the bespoke service to match the specific needs.

Production time

It is very important to use a manufacturer that is able to offer timely delivery. Any delays or lags in the build process can lead to lost orders, penalties or other issues that can impact the finances. Make sure to check the typical delivery time before making a commitment.

Services offered

The types of services offered are likely to vary between the many different manufacturers. However, a useful service that should be included is the ability to fix faults. So, if faults are detected in the boards after delivery, they can be repaired in a fast and efficient manner.

Prototype options

A further useful point is to find a manufacturer that has an in-development department that can help create the initial prototypes. They should also have the option to use the various types of boards, such as the solid, anti-vibration and flexible. The flexible boards make it a lot easier to create the bespoke design. For instance, they are a practical option when it is necessary to have complete control over the thickness or shape of the electronic devices.

Check reputation

One of the most basic steps to take to shortlist the best options is to check the reputation of the different manufacturers. This is achieved by checking online reviews or testimonials or simply to source personal referrals. Any company with a strong reputation is certain to have the skill and know-how to produce the high-quality products.