Category: Pressrelease

healthcare analytics

Weekly Round-Up: A Storyboard on Healthcare Analytics and its Importance in a Fast-Changing World

LONDON: Quantzig, a leading analytics services provider, has announced the release of their new storyboard on the growing importance of healthcare analytics. These downloadable resources explain how healthcare analytics have helped healthcare players to reduce inefficiencies, minimize cost, and forecast future healthcare plans.

Today the healthcare industry is facing the heat of skyrocketing cost of care. Companies in the healthcare sector are trying to address the critical challenges by enhancing data sharing across the value chain. This is the reason why they are looking to leverage healthcare analytics solutions to improve business operations, patient experience, and healthcare outcomes. Analytics in healthcare can help companies to build multidimensional predictive models, enhance healthcare outcomes, and reduce the cost of care.

Quantzig’s analytics solutions have helped companies in the healthcare sector including medical devices, pharma, diagnostics, and healthcare delivery to gain actionable insights into patient care, mitigate risks, medical cost management, and improve payment accuracy. Below, we have summarized some of Quantzig’s free resources that highlight ways in which healthcare analytics have solutions helped healthcare businesses to gain a competitive market advantage.

Digitization has empowered healthcare businesses to gauge the impact of analytics on patient experience and outcomes. Wondering how?  Get in touch with us right now!

#1. How is healthcare analytics transforming the healthcare sector? Do you think maximizing profit by reducing healthcare costs is a herculean task? If yes, then it is time for you to leverage healthcare analytics solutions. Healthcare analytics can help businesses to implement a new model of payment on the basis of performance. Here the healthcare providers can receive the value determined by outcomes. Also, customized analytics tools and real-time dashboards can help in scrutinizing the supply chain to optimize healthcare service and patient care.

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Are you wondering how to optimize healthcare service and maintenance operations? Analytics in healthcare and real-time dashboard can help. Request a free proposal to know more about our healthcare analytics solutions.

#2. Learn how healthcare analytics can modernize the patient journey?  Today healthcare companies may question the value of improving patient experience amidst multiple priorities. But with analytics in healthcare, it seems to be a simpler task. Healthcare analytics can also help map the patient’s journey and assist healthcare companies in bridging gaps that result in leakages in the patient experience.

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Maximizing sales and marketing insights that can be obtained out of every patient interaction is a tough nut to crack and we understand that. Our healthcare analytics solutions provide best-in-class frameworks to assist healthcare organizations in enhancing patient care and outcomes. Request a free demo for more insights.

#3. Customer lifetime value models hold the solution to rising consumerism in the healthcare sector: Customer lifetime value models have always been of great importance for the retail sector, but these models have the potential to solve critical challenges in the healthcare sector too. You must be wondering how? Healthcare analytics by leveraging customer lifetime value models can help companies to enhance their relationship with patients and can lead to more compassionate patient experience.

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pricing strategies

Weekly Round-Up: A Storyboard on the Benefits of Pricing Strategies and Infrastructure

LONDON: Quantzig, a leading pricing analytics services provider, has announced the release of their new storyboard on pricing strategies and infrastructure. These stories explain how robust pricing strategies and rigid pricing infrastructure can help companies to manage profitability and brand image.

Today businesses are facing critical challenges like monitoring competitors pricing strategies in real-time, determining fluctuations in demand and identifying pricing triggers while trying to sustain their profitability. Solid pricing strategies and infrastructure can help companies to optimize pricing, promotion and discounting strategies. Also, it can guide companies in identifying new sales opportunities, increase profit margins and drive conversions.

Quantzig’s analytics solutions have helped leading companies to make data-driven decisions and boost profitability. Below, we have summarized some of Quantzig’s free resources for this week and have also highlighted ways in which robust pricing strategies and infrastructure has helped businesses to excel in the competitive marketplace.

Are you finding it difficult to understand how pricing analytics solutions can help your business to reduce price gaps, optimize prices and discounts, devise effective pricing strategies and benchmark prices against the products of your competitors?  Get in touch with us right now!

#1. Why is pricing analytics important for your business? Pricing is a crucial component when it comes to product positioning and branding. Don’t you agree? This is the reason why robust pricing strategies have become the need of the hour for businesses today to stay competitive and ahead of the curve. Pricing analytics solutions can help companies make careful decisions on the margins to be reserved on particular products in relation to the competition. Also, pricing analytics empowers the companies to avoid costly mistakes by running advanced scenario modeling and identifies the potential impact of the change in price on the overall profitability and demand.

Are you wondering how to devise effective pricing strategies for your business? Request a free proposal to check out our portfolio of pricing analytics solutions.

#2. How can pricing automation help you achieve pricing mastery? Is the science of pricing strategies underdeveloped for your business? If yes, then you must give a thought to optimize your pricing strategies and this is where pricing automation can come to rescue. Pricing automation acts as a silver bullet to push your organization from the initial level of the pricing maturity scale to the level where your organization will be able to achieve pricing mastery.

Analyzing the feasibility of pricing analytics for any business is a daunting task. Our analytics solutions provide best-in-class frameworks for multi-dimensional data aggregation and price points optimization. Request a free demo for more insights.

#3. What are the benefits of next-generation price optimization? Are you wondering what is new era price optimization? New era price optimization covers entire stages of a product’s lifecycle in an integrated way right from the base price, promotions, TPR to markdowns. This helps in avoiding conflicts in pricing and forecasting demand accurately to maximize ROI. Next generation price optimization has huge benefits like ease of use, reveals the reasoning behind price recommendation and much more which helps in improving overall pricing strategies of the business.

demand forecasting models

Weekly Round-Up: A Storyboard on The Benefits of Demand Forecasting Analytics

LONDON: Quantzig, a leading analytics services provider, has announced the release of their latest storyboard on the benefits of demand forecasting models and how it can help businesses identify new opportunities for revenue generation and cost reduction. With the growth of organizations globally, operations are becoming increasingly complex, leading to reduced visibility. Consequently, to remain competitive in the immensely aggressive and stressful global environment, there is a need for organizations to increase their operational efficiency across the supply chain.

Demand forecasting models can help companies in enhancing their supply chain visibility, demand forecasting methods, logistics optimization, and consequently enhance overall merchandising capabilities. Also, it can help businesses optimize their networks for improved efficiency and effective supply management.

Are you finding it difficult to have accurate inventory forecasting, achieve operational excellence in several activities, ranging from raw material procurement to order fulfillment? Get in touch with our experts now to know how our analytics solutions can help.

Quantzig’s demand forecasting models have helped more than 55 Fortune 500 companies to make data-driven decisions and tackle supply chain challenges and also offer them insights on people, processes, assets, and the entire value chain to facilitate quicker decisions for global supply chain management. Below, we have rounded up some of Quantzig’s recent success stories for this week and have also highlighted ways in which demand forecasting models have helped companies to predict needs of the customer and develop valuable and effective products and strategic plans to meet them.

#1: Demand forecasting models enabled to recapture 15% of the lost market share and increased revenue by USD 67 millionAccurate forecasting of the inventory and demand is a daunting task. Don’t you agree?  One of Quantzig’s clients faced the same problem. They approached Quantzig to leverage its expertise in offering supply chain analytics to identify different KPIs and devise robust demand forecasting models and improve inventory management efficiently. Consequently, our demand forecasting models proved very helpful for the client in gaining back 15% of lost share market in 10 months and increased revenue by USD 67 million.

Demand forecasting and inventory management delivers USD 67 million in revenues for switchgear manufacturer

#2: Insider tips to improve demand forecasting methods unveiled: Players in almost every industry are often posed with tough questions like how much of certain products or services to stock, which brand will perform the best, what is going to be the busiest time of the year. There are a few things that are easier to predict while some are very difficult. This is where demand forecasting models help. Therefore, it is advisable for businesses to use demand forecasting models to improve their business operations. You must go through some of the most useful insider tips to enhance your demand forecasting methods.

Insider Tips to Improve Your Demand Forecasting

#3: Demand forecasting models boosted service levels by 25%: This is one of the most significant success stories of Quantzig, where the client managed to determine their lead times and stock replenishment levels. This boosted their service levels by 25%. Moreover, demand forecasting models also helped the company to manage demand planning and levels and improve the overall customer service and experience.

25% improved service levels achieved by leading consumer goods manufacturer through demand forecasting and inventory management model implementation

#4: Demand forecasting models enhanced demand forecast accuracy by over 90%: Is the inability to meet the demand jeopardizing your company’s market position? If yes, then you must be going wrong somewhere in forecasting the demand of your customers which is very crucial to improve the efficiency of your operation and ROI. This is evident in Quantzig’s latest success story, where demand forecasting models helped the client to gain high accuracy in supply and demand predictions over time.

#5: Demand forecasting models optimized cash flow and minimized inventory costs: Quantzig’s demand forecasting models helped the client to align sales and marketing efforts to lower holding costs and increase turnover rates. Additionally, the unique demand planning and demand forecasting methods helped in optimizing inventory and foresee market trends effectively. Furthermore, the effective demand forecasting methods proved to be very helpful in predicting customer demands and save on warehouse and transportation costs.

Minimizing Inventory Costs and Optimizing Cash Flow for a Retail Industry Client – Quantzig’s Demand Forecasting Engagement

Are you wondering how to establish an effective demand management process, improve order fulfillment ratios, and boost operational efficiency to facilitate quick time-to-market? Request a free now!

#6: Demand forecasting models facilitated end-to-end visibility on supply chain journey: Improving end-to-end supply chain visibility and achieving high customer satisfaction during order fulfillment may sound scary. But you need not fear if you have effective demand forecasting models in place. A leading firm in the distilled spirits manufacturing sector was dealing with the same issue but experienced a great change in the demand and supply chain by leveraging Quantzig’s demand forecasting models. These models helped them to identify the areas of optimization to ensure greater product delivery and re-strategize their sourcing locations by examining the effect of supplier location and transit times on the design-to-market time of a product.

Supply Chain Analytics Helps A Distilled Spirits Manufacturing Major Improved Their Demand Forecasting Efficiency

#7: Demand forecasting models augmented conversion rates significantly: Are you wondering how to develop a hybrid supply and demand forecasting strategy to precisely predict demand? Demand forecasting models can help as it helped one of Quantzig’s clients. Demand forecasting models have the potential to enhance customer knowledge resulting in increased conversion rates. Additionally, these models are beneficial in inventory forecasting, predicting closed-loop marketing outcomes leading to better demand management.  

Quantzig’s Supply and Demand Forecasting Engagement Helped a Renowned Pharmaceutical Industry Client Precisely Predict the Demand for Pharmaceutical Products in the Australian Market

#8: Leveraging demand forecasting models to boost profit margins: Do you really think developing demand forecasting models is a mystery? If yes, then you must go through our latest success story where Quantzig’s demand forecasting models boosted the client’s profit margins significantly. With demand forecasting models, it is easy to become customer-centric through tailored services. Furthermore, proper demand planning and demand management are very helpful when it comes to critical decision making by harnessing consumer demand.

#9: What are the most important steps to successful demand forecasting? Demand forecasting methods are the keys to estimate the probable demand in the future for a product or a service accurately. These methods can be very effective and helpful for organizations in managing risk, dealing with competitors and government laws. But to get optimum results from your demand forecasting techniques, it is important that you follow a few important steps.

Four Vital Steps to Successful Demand Forecasting

#10: Demand forecasting models revamped forecast ability by 80%: Are you too facing the challenges by the regulatory laws, dynamic nature of customer expectations, market dynamics, and the ongoing technological advancements? If yes, then you are not alone as every industry player today facing the same issue. But demand forecasting models may hold the key to success. These models can evaluate the forecasting methods adopted by the peers and implement the best forecasting technique to avoid adverse impacts on their bottom line.

Demand Forecasting Helps a Healthcare Logistics Company Enhance their Demand Forecasting Ability by 80% – A Supply Chain Analytics Case Study by Quantzig

We understand the challenges companies face in demand management, network optimization, and inventory optimization. Our analytics solutions provide best-in-class frameworks to analyze spend data, improve category management practices, and consolidate the supplier base to increase contract compliance and reduce operational costs. Request a free demo to gain more insights.

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salesforce analytics

Weekly Round-Up: A Storyboard on the Benefits of Salesforce Analytics

LONDON: Quantzig, a leading analytics services provider, has announced the release of their latest storyboard on the benefits of salesforce analytics and how it can help businesses identify new opportunities for revenue generation and cost reduction.

Salesforce analytics solutions with data integration and transformation tools, data modeling and data analysis techniques can help companies reduce operational costs and enhance customer service processes thereby improving sales efficiencies and revenue margins.

Quantzig’s salesforce analytics solutions have helped more than 55 Fortune 500 companies to make data-driven decisions and improve their sales strategies. Below, we have summarized some of Quantzig’s recent success stories for this week and have also highlighted ways in which salesforce analytics solutions have helped companies to effectively streamline sales data and understand their sales performance and improve ROI.

Quantzig’s salesforce analytics solutions are designed to address challenges faced by sales teams across industries, helping them deliver outstanding performance. Got any questions? Contact us, we’ll put you on the right path.

#1: Salesforce analytics solutions enhanced sales and customer-centricity significantly: Reducing operational costs and improving customer service processes are two challenging tasks for any business. Are you facing the same issue? Salesforce analytics can be the answer to your problem as it answered a similar problem faced by one of Quantzig’s clients. The client approached Quantzig to leverage its expertise in offering analytics solutions and improved their data management approach to facilitate quick access to all the sales data they needed.

Salesforce Analytics: Boosting Sales and Customer-Centricity in the Telecom Sector

#2: Salesforce analytics solutions improved profit margins by 5x: Most businesses find it challenging to enhance their sales and channel management strategies. Do you fall into the same category? No need to worry if you have proper salesforce analytics solutions in place. Salesforce analytics can help companies to develop salesforce reports which can act as a perfect guide to boost sales, improve per capita sales volume, and reduce costs with a long-term goal of triplicating the distributor’s profitability.

Developing a Salesforce Analytics Roadmap to Improve Profitability in the Low Calorie Foods Segment

#3: Salesforce analytics solutions boosted ROI from 1% to 3.5%: This success story is a classic example of how Quantzig’s sales force analytics solutions helped a client to visualize their ROI robustly through a map view at various levels. Also, Salesforce analytics offered them actionable insights into their current and past ROI to estimate their future profit. This further helped them to track their revenue closely across different levels and realized an increase in ROI from 1% to 3.5%.

Salesforce Analytics Helps A Leading Pharmaceutical Industry Client Increase ROI From 1% to 3.5%

Quantzig’s salesforce analytics solutions are designed to address challenges faced by sales teams across industries, helping them deliver outstanding performance. Got any questions? Contact us, we’ll put you on the right path.

#4: How to sharpen your sales force effectiveness through salesforce analytics solutions? Are you wondering what are the factors that make sales force effectiveness successful? Salesforce analytics can help you do so by targeting specific strategy areas to augment – conducting honest program evaluations, developing specific improvement programs, and tracking progress regularly through real-time Salesforce dashboard.

Sharpen Your Company’s Salesforce Effectiveness in 4 Simple Ways

#5: Salesforce analytics solutions revamped sales performance and sales force management: Improving communication with customers, understanding their needs and delivering the same on time are crucial factors for the success of any business. Salesforce analytics has the potential to reshape your business module into a more customer-centric business strategy. Furthermore, this can help in uncovering new and better opportunities in the competitive market thereby improving the sales performance and profit margin.

Success Story of a Leading Telco Company Achieving Improved Sales Performance with the Aid of Quantzig’s Salesforce Analytics Solution

#6: Salesforce analytics solutions redesigned the sales forecast model thereby improving the decision-making process: Optimizing business expansion and purchase plans are premium goals of all businesses. Salesforce analytics is the secret sauce here. It can help companies build sales forecast model to manage a variety of business functions including demand and supply discrepancies. Additionally, this model has the potential to predict actual sales with maximum accuracy. 

#7: Salesforce analytics solutions maximized revenue potential and restored brand loyalty: Do you really think building predictive models to assess customer attrition levels is a hard nut to crack? If yes, then you must go through our latest success story that reveals how Quantzig’s salesforce analytics solutions improved a client’s business functions by building predictive models and shortened the time-to-market for the services rendered. Furthermore, a salesforce dashboard is very helpful in effectively profiling profitable customers and their requirements. This, in turn, can improve brand loyalty and revenue potential of the business.

Promoting Brand Loyalty for a Renowned Banking Sector Client with Salesforce Analytics

#8: Salesforce analytics solutions curtailed additional costs and facilitated better sales forecast management: Is additional cost hindering your business growth? If yes, then you must be going wrong somewhere in understanding your sales force’s performance and assessing the additional time taken by them as it is important for any business to attain success. This is evident in Quantzig’s latest success story, where leveraging salesforce analytics solutions helped the client to improve the performance of the current sales team and identify the potential opportunities and allocate resources wisely.

#9: How can salesforce analytics help you improve sales and get the most of your salesforce? While many organizations today are using analytics to understand their customers better, they are often ignoring other areas that could benefit from a similar investigation. It is crucial to assess what tactics the salesforce is using, and examine factors such as deals, messaging, and other forms of customer interaction. Analytics helps in taking a detailed look at this data and makes it possible to predict what strategic approaches will be successful and under what circumstances.

How to use analytics to improve sales and get the most out of your salesforce

#10: Leveraging Salesforce dashboard to gain a panoramic view of customer demands across various segments: Quantzig’s salesforce analytics solutions proved very beneficial for one of the healthcare services provider in identifying the performance indicators and key metrics of organizational growth. The effective salesforce dashboard created by the analytics experts at Quantzig enhanced the visibility of real-time data; thereby, improving speed and agility that is needed to refine business functions and boost results.

Did this success story motivate you to leverage salesforce analytics solutions? If yes, what are you waiting for schedule a FREE demo right away!

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big data visualization

Weekly Round-Up: A Storyboard on the Benefits of Big Data Visualization

LONDON: Quantzig, a leading analytics services provider, has announced the release of their latest storyboard on the benefits of big data visualization and how it can help businesses churn the large chunks of big data and harness the information lying beneath it. 

By utilizing big data visualization tools, companies can anticipate the available data to trace outliers, trends, patterns and interact with it to make informed decisions. The need for big data visualization tools can be inferred from the fact that the global business Intelligence and analytics software market is expected to grow significantly by 2019.

Quantzig’s analytics solutions have helped more than 55 Fortune 500 companies to make data-driven decisions and boost their revenue. Below, we have rounded up some of Quantzig’s recent success stories for this week and have also highlighted ways in which big data visualization have helped companies to speed up the process of comprehending large and complex data.

Leverage Quantzig’s optimized data analytics solutions that are designed to address your analytics requirements, reduce costs, and deliver outstanding performance. Get in touch with us today!

#1: Big data visualization facilitated robust risk management strategies: Making informed decisions, improving competitive position in the market are challenging tasks for businesses. Are you finding it difficult too? Not anymore. Big data visualization holds the solution to this. By utilizing big data visualization tools companies can manage storage and integration of big data. Furthermore, this can offer actionable insights into competitors’ strategy and help in devising robust risk management strategies.

Quantzig’s Big Data Analytics Helps A Pharmaceutical Industry Client Devise Robust Risk Management Strategies

#2: How will virtual reality transform big data visualization?  Although there are layers of technological capabilities that companies have been using to seek meaningful outcomes from the available data, the use of virtual reality in transforming big data visualization is a relatively new concept. The large amounts of data generated by organizations can be understood only through a series of data analytics steps, and effective data visualization plays a vital role in enhancing this strategy.

How Will Virtual Reality Transform Big Data Visualization?

#3: Big data visualization improved customer engagements significantly: Are you wondering how to address customer challenges and demands? Data visualization of heterogeneous data can help as it helped one of Quantzig’s clients who was facing the same issue. The client approached Quantzig to leverage its expertise in providing big data visualization solution. Quantzig’s visual analytics solution offered unparalleled visibility into heterogeneous data and enhanced customer engagement by innovating their products and analyzing their journey.

Big Data Analytics Helps a Leading Gaming Industry Client to Improve Customer Engagements

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#4: Big data visualization boosted operational efficiency and on-time delivery: Analyzing real-time information in every step of the production process is not an easy task for businesses. Don’t you agree? This is where big data visualization comes to the rescue. By using big data visualization tools companies can gather actionable insights from various sources, which include social media, business transactions, and information from machine-to-machine or sensor data. Additionally, it can help in aligning business strategies and objectives and identifying industry trends and consumer buying patterns.

#5: Big data visualization enhanced product launch planning and decision making: Creating real-time data repository and reporting system is an essential component for any business for data-driven decision making. This is where big data visualization comes into the picture. It has the potential to assist in analyzing various data sources and setting up data mapping and normalization methodologies which results in better decision making and effective business planning.

Global pharma company improves product launch planning through real-time big data analytics reporting

#6: Big data visualization and master data management reduced the cost of ownership and skyrocketed profit margins: This is one of the most significant success stories of Quantzig, where the client managed to gain strategic insights into the entire manufacturing operations through real-time cost analysis dashboard. This helped them in reducing the cost of ownership and improving profit margins by 10%. Moreover, visual analytics also helped the company to seek instant feedback and pro-actively solve problems before they arise.

Global pharma company improves product launch planning through real-time big data analytics reporting

With the help of Quantzig’s predictive analytics solutions, a lot of businesses are taking improved decisions for better and profitable orders. Are you interested in our data analytics solutions? Request a FREE proposal now!

#7: Realizing savings of $12 million in 12 months with big data visualization: Do you really think consolidating large volume of data and obtaining real-time insights is a humongous task? If yes, then you must go through our latest success story where Quantzig’s big data visualization tools and predictive analytics solution helped the client to save $12 million in 12 months. With big data visualization tools, it becomes easy to gain meaningful insights for process automation and optimization. Furthermore, this helps in enhancing process coordination, determining operation requirements, planning procurement, production operations, and labor utilization which results in significant savings.

Big data analytics saves USD 12 million for industrial equipment manufacturer

#8: Big data visualization revamped decision making by predicting future network scenarios: Are your data analytics models hindering informed decision making? If yes, then you must be going wrong somewhere in assessing a plethora of data. This is clearly evident in Quantzig’s latest success story where the client was dealing with the same issue. But by utilizing big data visualization tools and predictive analytics solutions, the client was able to realize a great improvement in its decision-making process. Furthermore, these solutions paved the way for quick verification of the results of the analysis with different input parameters and make accurate predictions.

Big Data Analytics Reduces Transport Network Congestion

#9: How to create a synergy between big data visualization and human intuition? The rise in machine learning and computational power has driven the growth of big data visualization. As a result, the trend of adopting big data visualization among organizations for decision making is on the rise. However, still, many companies rely on human intuition and experience for better and effective decision making. But businesses need to realize that combining the power of big data with human intuition can unlock immense possibilities.

Creating a Synergy Between Big Data Analytics and Human Intuition

#10: Big data visualization transformed the business ecosystem: Business forecast might sound complex, but you need not worry if you have proper big data visualization tools in place. A leading financial services firm was dealing with similar predicament but experienced a significant change in their business outcome by leveraging Quantzig’s data visualization solutions. These solutions helped them to discern patterns in the extracted datasets. This enhanced transparency of the risk management process. Additionally, it helped in analyzing assets and a better understanding of idiosyncratic risk factors.

Data Visualization Best Practices | A Success Story on How it Turned Out to be a Wise Investment for a Financial Services Firm

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big data solutions

Weekly Round-Up: A Storyboard on The Benefits of Big Data Solutions

LONDON: Quantzig, a leading analytics services provider, has announced the release of their latest storyboard on the benefits of big data solutions and how it can help businesses derive actionable insights from huge and complex data sets.  With the availability of an enormous volume of data, it has become a daunting task for businesses to quickly identify, fairly evaluate, and continuously drive market excellence.

By leveraging big data solutions, companies can improve decision making and gain the ability to direct, optimize, and automate decisions, on demand, to achieve desired business goals. By applying big data technologies, businesses can make informed business decisions, while ensuring information privacy and security.

Quantzig’s analytics solutions have helped more than 55 Fortune 500 companies to make data-driven decisions and augment growth. Below, we have rounded up some of Quantzig’s recent success stories for this week and have also highlighted ways in which big data solutions have helped companies to drive business growth by delivering data integration and data management.

Are you finding it difficult to curate, process, and analyze the huge data sets available? Get in touch with our experts to check out how our big data solutions can help you.

#1: Identified and combated fraudulent activities by leveraging big data solutions: The unexpected surge in datasets, though a game changer, has become a major roadblock for many big players. Are you facing the same problem? Don’t worry, our big data solutions can help you just like how it helped one of our clients facing the same issue. By leveraging big data solutions, companies can capture massive datasets prudently and can analyze them to derive actionable insights. Also, big data solutions can help companies to develop a robust big data management system and can prevent fraudulent activities, which in turn, can lead to the growth of ROI.

How Quantzig’s Big Data Analytics Services Help Combat Fraud in the Telecom Sector

#2: How are big data solutions revolutionizing supply chain efficiency? Are you tired of supply chain waste and inefficiency? No more, as big data solutions are here to help you out. Big data technologies have the potential to help companies gain better insights into the ability to track and monitor supply chain activities in real time. Also, big data applications can help in analyzing market trends and suggest optimum inventory levels at various locations. Furthermore, big data analytics has made the collection, tracking, and timely delivery all possible through data.

5 Ways Big Data and Analytics is Revolutionizing the Food Industry

#3: Big data solutions improved decision making and offered actionable insights into day to day business activities: Adapting to evolving consumer expectations and increasing demand for transparency is one of the biggest challenges businesses facing today. Don’t you agree? This is where big data solutions come to rescue. By using big data applications, companies can sharpen their analytic skills and familiarize themselves with the complexities associated with the distribution networks and massive volume of structured and unstructured data. Big data analytics can be linked directly to the decision-making process to deliver the value for improved business performance.

How a Food Industry Player Benefitted from Infusing Big Data Insights into their Decision Making Process

#4: What are the common mistakes businesses must avoid while developing a big data management strategy? A proper, rigid, and reliable analysis enables you to make fact-based and rational decisions, but if mistaken, big data analytics can lead you astray and you might end up suffering a huge loss. So, you must avoid making some common mistakes such as going too rigid in processes and products, relying on the same KPIs always and many more. Therefore, data scientists need to utilize big data solutions properly as these solutions act as a pair of glasses that helps them see the actual reality of a business’ performance.

3 Common Mistakes to Avoid in Big Data Analytics

#5: Big data solutions enhanced the performance of business campaigns: Do you really think tracking demographics and consumption patterns of the end-users is a difficult task? If yes, then you must go through our latest success story where Quantzig’s big data solutions simplified huge volume of campaign data and translated the extracted data into intuitive reports and real-time dashboards that quickly conveyed the status of the ongoing campaigns. Furthermore, this improved the client’s business outcome and customer satisfaction.

Improving Campaign Performance with the Help of Big Data Analytics – A Case Study on the Media Industry

Empower Your Business with Analytics

For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Our analytics solutions can empower your business and real-time decision making. Request a free proposal now!

#6: Big data solutions increased periodical margins and visibility into manufacturing data: Understanding the best performing products, product families and geographic regions is not an easy task for businesses. But big data solutions can help in dealing with such issues efficiently. This is clearly evident in our latest success story where the client was facing the same challenge and approached Quantzig to leverage its expertise in providing big data services. Quantzig’s big data solutions offered unparalleled visibility into manufacturing data which in turn improved periodical margins significantly.

Quantzig’s Big Data Analytics Helps a Leading Car Battery Manufacturer Blend Data with Inventory and Order Backlog Data-Sets to Increase Periodical Margins

#7: What are the top big data use cases for modern businesses to zoom ahead? Organizations today have access to huge volumes of datasets, but it wouldn’t help them unless they decipher the method to draw insights from them. . Analyzing the benefits of big data is not as simple as putting all the data in a single place. Therefore, organizations should essentially take time to identify and crystallize the true benefits of big data for their business such as the use of big data for personalization of services, detecting fraud, log analytics and much more.

4 Huge Big Data Use Cases for Modern Businesses to Zoom Ahead

#8: Big data solutions helped to identify and explore the new area of investments: Are you facing difficulty in identifying new areas of investments for your business? If yes, then you must be going wrong somewhere in analyzing the unstructured data and curtailing wastage of your resources. Quantzig solved one of its client’s similar issue by offering its big data solutions that proved beneficial in effectively analyzing the unstructured data and uncovering the lucrative areas of investment in the marketplace. Furthermore, this paved the way for establishing optimal utilization management (UM) process.

Big Data Analytics Helps a Leading Health Insurance Company to Establish an Optimal UM Process and Identify New Investment Areas

#9: Big data solutions boosted customer satisfaction, retention rate, and reduced churn rates: Customer satisfaction and their loyalty can be a cause of concern for businesses, but you need not to fear if you have proper big data solutions in place. A leading probiotics food manufacturer was dealing with the same issue but experienced a great change in their overall customer experience by leveraging Quantzig’s big data services.  These solutions helped them to anticipate the future behavior of their customers and segment them accordingly in order of their importance. Additionally, it assisted in offering personalized product and services to the customers, which further aided them to efficiently calculate risks.

Big Data Analytics for a Leading Probiotic Foods Manufacturer: A Quantzig Case Study

#10: Why big data solutions have become a pre-requisite for every business? Today technology has made data one of the most crucial assets for companies. It is one of the important keys that can improve the competitive advantage of one business significantly. In fact, if you are searching for ways to empower the productivity of your business, then maximizing the amount of data being analyzed is one of the most important success strategies.  Therefore, it has become a prerequisite for businesses to leverage big data solutions in order to meet customer expectations and effectively manage the influx of data.

Top 3 Reasons Why Every Business Needs a Big Data Analytics Strategy

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customer analytics solutions

Weekly Round-Up: A Storyboard on The Benefits of Customer Analytics Solutions

LONDON: Quantzig, a leading analytics services provider, has announced the release of their latest storyboard on the benefits of customer analytics solutions and how it can help businesses in making precise recommendations based on customers’ purchase propensity.  In the rapidly changing market scenario, customers are more empowered and connected than ever as they have access to information anytime, anywhere. This makes it essential for businesses to predict and analyze customer behavior to stay ahead in the competition.

By leveraging customer analytics solutions, companies can gain a better understanding of customers’ lifestyle preferences and buying habits. Doing customer analysis can help companies in precise predictions of future buying behaviors. Furthermore, this can aid in delivering relevant offers that retain rather than alienate customers. This drives continuous business excellence.

Customer analytics is the key to increase customer loyalty, response rates, and ultimately, ROI by communicating with the right customers with relevant offers.

Quantzig’s analytics solutions have helped more than 55 Fortune 500 companies to glean customer insight to improve revenues and drive sales through growth, acquisition, and retention. Below, we have rounded up some of Quantzig’s recent success stories for this week and have also highlighted ways in which customer analytics solutions have helped businesses to identify and curate high-value customers to develop marketing strategies and initiatives to maximize ROI.

#1. Customer analytics solutions reduced customer churn rate by 40%: Identifying and retaining profitable customers groups is a daunting task for every business. Are you facing the same? Customer analytics solutions can help as it helped one of Quantzig’s clients. It can help companies to quantitatively identify customers with the highest potential for retention. This, in turn, can improve the decision-making process.

Data to Dollars: How Quantzig’s Customer Analytics Solution Helped Improve a Company’s Bottom Line

#2. How customer analytics can help B2B companies? Companies that use customer analytics systematically outpace their competitors in terms of profits almost twice as often as companies that do not. Customer analytics solutions have the potential to unveil the actions of the customers and make them easier to understand for B2B business leaders.

#3. Customer analytics solutions enhanced customer satisfaction by 5x: Today customers are empowered and well informed and businesses struggle a lot in offering complete customer satisfaction. Are you finding it difficult too? If yes, then you must go through our latest success story where the client was facing the same issue and approached Quantzig to leverage its customer analytics solutions. This proved to be very helpful in exploiting customer data for actionable insights and paved a way for the development of right approaches that resulted in increasing customer experience and satisfaction by 5x.

US Banking Services Provider Witnessed a 5x Increase in Customer Satisfaction – Quantzig’s Customer Analytics Engagement

#4. How is customer analytics a kingpin for businesses? Customer analytics solutions are the golden keys that can be very beneficial for companies in knowing their customers better and at a more granular level. By gaining insights from customer analysis, companies can do effective customer segmentation and can understand customer lifecycle and predict customer behavior in a much better way.

Is Customer Analytics the New Kingpin for Banking Services Companies?

#5. Customer analytics solutions paved the way for targeted customer retention strategies: Offering personalized services to customers is a real challenge in today’s competitive landscape. Don’t you agree? But leveraging customer analytics solutions can make a difference. This is clearly evident in Quantzig’s latest success story where the client managed to analyze and ascertain customer views and preferences for the lifestyle brand. Furthermore, this proved to be helpful in developing targeted customer retention strategies.

Enhancing Customer Loyalty for a Leading Lifestyle Brand – A Customer Analytics Case Study

#6. Which customer analytics tools can boost your business growth significantly? Identifying high-value customers, and proactively interacting with them in the best manner possible are the two most essential components behind the success of any business in today’s competitive environment. But how to do that. Customer analytics tools are the keys. But for optimum results it is important that you use appropriate customer analysis tool otherwise the insight drawn may lack accuracy.

Top Customer Analytics Tools That Every Manager Must Consider

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For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Our analytics solutions can empower your business and real-time decision making.

#7. Customer analytics solutions improved profit by 60% and customer retention rates by 5%: If you are looking for ways to calculate customer lifetime value then customer analytics solutions can certainly help. Customer analytics solutions can help companies to develop a precise customer lifetime value model which can help in boosting customer experience. Furthermore, it can balance out the business plan and counterpoise the unavoidable cost factors that form an inexorable part of a business.

How a Digital Advertising Agency Improved Customer Retention Rates by 5% – A Customer Analytics Case Study by Quantzig

#8. Customer analytics solutions enabled effective implementation of customer segmentation models: Personalized customer experience is a proven methodology for businesses to improve sales and customer retention, but this is difficult to achieve without the implementation of appropriate customer segmentation models. This is where leveraging customer analytics solutions can help.  By identifying and analyzing customer present and future buying decisions, companies can effectively segregate their customers and implement the marketing strategies for obtaining maximum profit.

Customer Segmentation in the Gluten Free Diet Foods Segment: A Customer Analytics Case Study by Quantzig

#9. Customer analytics solutions uncovered market infill opportunities: Deriving meaningful insights from vast customer datasets is one of the most onerous tasks for the businesses to perform. We understand the challenge involved and helped one of our clients facing the same problem. Customer analytics solutions can assist companies in expanding beyond their traditional market segments and unveil market infill opportunities in segments which were considered to be saturated previously.

How a Leading Food Retail Player Uncovered Market Infill Opportunities Using Quantzig’s Customer Analytics

#10. Customer analytics solutions saved over us$ 20 million in sales opportunities: Strategic customer analytics solutions can empower businesses to decrease attrition. Wonder how? By precisely predicting customers that are most likely to churn and then developing the right proactive campaigns to retain them. One of Quantzig’s clients adopted the same approach and developed an interactive dashboard that enabled constant monitoring of customer churn rates and the success of customer retention campaigns.

Customer Analytics Engagement: How A Leading Heavy Equipment Manufacturer Saved Over US$ 20 Million In Sales Opportunities Via Prevention of Customer Churn

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predictive modeling

Weekly Round-up: A Storyboard on the Benefits of Predictive modeling Techniques

LONDON: Quantzig, a leading analytics services provider, has announced the release of their latest storyboard on predictive modeling techniques and how it can help businesses in proactive decision making and pre-emptive planning.  With the availability of data in enormous volumes, it has become quite difficult for businesses to rapidly identify, objectively evaluate, and confidently pursue new market opportunities.

By using predictive modeling techniques, companies can enhance decision making and gain the ability to optimize, direct, and automate decisions, on demand, to achieve defined business goals. By applying predictive analytics models, businesses can not only better manage the present, but can also improve the probability of success in the future. In doing so, such companies become predictive enterprises.

The goal of predictive modeling techniques is to turn data into information and information into insights.

Quantzig’s analytics solutions have helped more than 55 Fortune 500 companies to make data-driven decisions and augment revenues. Below, we have rounded up some of Quantzig’s recent success stories for this week and have also highlighted ways in which predictive modeling techniques have helped businesses to become market leaders.

#1: Predictive modeling techniques improved 85% accuracy in demand forecasting: Providing seamless customer experience and complete customer satisfaction is a challenging task for any business. Don’t you agree? But predictive modeling techniques can help as it helped one of Quantzig’s clients. By utilizing predictive modeling techniques, companies can conduct analysis on historical information on sales, products, and inventory levels. Furthermore, it can reduce irregularities and streamline order management, resulting in better demand forecasting.

85% accuracy in demand forecasting achieved by a leading computer hardware manufacturer through predictive modeling techniques

#2: Predictive modeling techniques precisely forecasted the roll-out of a new initiative: Predictive analytics models are the best way to improve business operations and predict future trends. This is clearly evident in Quantzig’s latest success story, where the client managed to make accurate predictions about the success and failure points of their new initiative. Moreover, it enabled optimal budget allocation.  

Leveraging Predictive Analytics to Forecast the Roll-out of a New Initiative for a Leading Grocery Retail Chain

#3: How can clustering algorithms uncover relations between invisible variants? If you are looking to upsell your products, this predictive modeling technique can certainly help. Clustering algorithms use data mining techniques to find out the relation between different invisible variants. Furthermore, this helps businesses to obtain desired outcomes.

Top 3 Predictive Modeling Techniques That You Must Know

#4: Predictive modeling techniques optimized inventory management: Optimizing inventory for better customer service is very essential for the success of any business. By leveraging predictive modeling solutions, companies can build better inventory and can discover capabilities to drive continuous market excellence. Furthermore, predictive modeling techniques can be successfully implemented, either independently or in tandem, to offer actionable insights into the performance of the inventory.

Improved inventory management achieved by a leading oil and gas company through predictive modeling techniques

#5: How predictive modeling techniques can boost business outcomes? : Changing customer dynamics poses critical challenges before businesses such as managing customer demands. Don’t you feel the same? This is where predictive analytics plays the role of a savior. By leveraging predictive analytics solutions and utilizing predictive modeling techniques, companies can deal with a humongous set of data, which can aid decision-making.

3 Ways Predictive Analytics Solutions Can Help Businesses Derive Successful Outcomes

#6: Utilizing predictive modeling techniques to boost customer retention dramatically: Managing the huge amount of customer data is not an easy task for businesses and we understand that. This success story is an excellent example of that as one of our clients faced the same issue and approached Quantzig to leverage its expertise in offering predictive analytics solutions to reduce customer churn rate.  Also, our predictive modeling techniques proved beneficial for the client in integrating traditional and digital data sources to correlate the data and identify potential churners.

Telecom company improves customer retention through predictive churn model

#7: Why you can’t afford to ignore predictive modeling techniques?  No matter which industry you are in, retail, transport, or healthcare, you cannot ignore the importance of predictive modeling. It helps you to gain a comprehensive understanding of the market trends, customer behavior, or competitor’s approach. Furthermore, by utilizing predictive analytics models, companies can easily track the volatility of different categories, brands, and products. This can result in better business outcomes.

Is Predictive Analytics All Set to Drive Success in the Transportation Industry?

#8: Predictive modeling models identified inefficiencies and improved ROI: Analyzing customer lifecycles to devise better marketing strategies and improve customer service is one of the common issues that every business faces, so don’t be surprised if you are facing the same challenge. If you have a proper predictive modeling technique in place, you have nothing to worry about. A leading firm in the healthcare industry was facing the same issue but witnessed a great change in their approach to risk assessment after leveraging Quantzig’s predictive modeling solutions. Moreover, it reduced inefficiencies drastically and improved their ROI.

#9: Predictive modeling techniques enhanced fraud detection and customer satisfaction: For some businesses, anticipating fraud risk is a herculean task. This impacts their customer service  and the customer ends up having a bad experience. So, for such companies, utilizing predictive modeling techniques is a necessity as these techniques can help anticipate potential suspicious claims and fraud risks.

Claims predictive analysis delivers reduction in frauds and enhanced customer satisfaction for insurance company

#10: How can predictive modeling increase accuracy and improve efficiency of marketing strategies?: Accuracy in forecasting the impact of several factors on the business outcomes is essential if you want your business to grow. Predictive models, in this context, hold the key to success. These models have the potential to assess and predict the performance of different components and their tentative impact on the future of the business. Furthermore, this can allow companies to make smarter decisions and exit declining markets.

How Healthcare Industry is Leveraging Predictive Analytics to Improve Patient Outcome

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analytics in marketing

Weekly Round-up: A Storyboard on the Benefits of Analytics in Marketing

LONDON: Quantzig, a leading pricing analytics services provider, has announced the release of their new storyboard on analytics in marketing and how it can help companies optimize marketing campaigns and make better business decisions that improve ROI. In today’s competitive market landscape, companies are facing a plethora of challenges such as increasing sales, retaining customers, and maximizing profitability. Without improving marketing outcomes, it has become very difficult for companies to sustain profitability. Therefore, companies need to integrate data across all marketing channels and consolidate it into a common marketing view that provides invaluable guidance in driving marketing efforts forward. This is where making use of analytics in marketing can help.

Marketing without analytics is like driving with your eyes closed.

By employing analytics in marketing, companies can measure the effectiveness of various marketing channels and understand the impact of the change in their marketing strategies. They can also gain accurate insights into the ROI of their marketing efforts. Quantzig’s analytics solutions have helped more than 55 Fortune 500 companies to make data-driven decisions and amplify revenues. Below, we have rounded up some of Quantzig’s recent success stories for this week and have also highlighted ways in which taking the help of analytics in marketing has helped businesses to stay ahead of the curve.

#1: Analytics in marketing optimized marketing spend: Are increasing complexities in operational support services worrying you? Don’t get worked-up, you are not alone! One of Quantzig’s clients faced the same business problem. To deal with the problem, they approached Quantzig to leverage its expertise in offering solutions for analytics in marketing to analyze the market data and effectively manage their marketing investments, optimize marketing spend, and improve ROI. Also, our marketing analytics proved very helpful in managing the service categories and address potential threats in the market.

Quantzig’s Marketing Analytics Solutions Helped a Telecom Industry Firm to Refine their Marketing Campaigns and Optimize Marketing Spend

#2: Leveraging marketing analytics solutions to re-prioritize product offerings: Are you struggling to access or integrate customer data and preferences? If so, you must go through our latest success story, where Quantzig’s marketing analytics solutions enhanced the client’s product offerings by penetrating new market segments. With the help of analytics in marketing, it is easy to devise robust business models and stay relevant in the entertainment industry space.

Marketing Analytics for a Smart TV Manufacturer Helps Re-Prioritize Product Offerings

#3: What do you need to keep in mind while dealing with marketing analytics?Businesses can no longer rely on intuition for making marketing decisions and are, therefore, leveraging marketing analytics solutions. However, they need to follow a few steps while leveraging marketing analytics solutions like data collection and segregation, choosing the right analytics visualization techniques, utilizing marketing analytics tools featuring machine learning and AI, and personalizing campaigns.

Things to Keep in Mind While Dealing with Marketing Analytics

#4: Analytics in marketing paved way for unique customer experiences: Personalized customer experiences form a very important part of marketing. Don’t you agree? With the changing consumers’ behavior, organizations have felt the need to embrace technologies to meet the ever-growing array of demands over the past few years. But delivering maximum value at each customer touch point is the challenge that every business faces. Quantzig’s client was facing the same issue  and tackled it by leveraging our marketing analytics solutions. The use of analytics in marketing proved beneficial in devising predictive models using a blend of variables.

Creating Unique Customer Experiences with Marketing Analytics for a CPG Industry Client

#5: Analytics in marketing personalized customer engagements: Are you wondering how to improve customer engagements? Using analytics in marketing can help! By leveraging our marketing analytics solutions, one a company was able to deliver maximum value at each customer touch point by mapping analytics to specific stages in the customer’s journey. Furthermore, this enhanced resilience, operational efficiency, and performance resulting in better ROI.

Ready to empower your business with analytics?

We are the analytics partner you have been looking for! Take a look at our solutions portfolio and see for yourself why we are the preferred analytics solutions provider for 55+ Fortune 500 companies.

pricing analytics solutions

Weekly Round-up: A Storyboard on the Benefits of Pricing Analytics Solutions

LONDON: Quantzig, a leading pricing analytics services provider, has announced the release of their new storyboard on pricing analytics solutions and how it can help companies boost their profit margins.  With the shrinking product life cycles, customers have become more demanding and sophisticated. One wrong pricing move can cost businesses huge sums in terms of revenues. Moreover, determining demand fluctuations, monitoring competitors pricing in real-time, and identifying pricing triggers are some of the critical challenges that businesses of today face while trying to sustain their profitability.

Strategic pricing analytics solutions can help companies to create optimized pricing, discounting, and promotion strategies. It can also help companies to realize sales opportunities and drive conversions.

By leveraging pricing analytics solutions, companies can minimize price gaps, optimize discounts and prices, and benchmark prices against those of their competitors to maximize both sales and profit margins.

Quantzig’s analytics solutions have helped more than 55 Fortune 500 companies to make data-driven decisions and boost revenues. Below, we have rounded up some of Quantzig’s recent success stories for this week and have also highlighted ways in which strategic pricing analytics solutions have helped businesses to become market leaders.

#1: Realizing profits of over US$ 3 million with pricing analytics: Accurate evaluation of the impact of pricing and promotions decisions is a daunting task. Don’t you agree?  One of Quantzig’s clients faced the same problem. They approached Quantzig to leverage its expertise in offering pricing analytics solutions to identify new ways of driving profits. Also, our pricing analytics solutions proved very helpful for the client in unveiling both short and long-term pricing improvement opportunities. Our strategic pricing analytics solutions helped them uncover factors that were driving sales.

Alcoholic Beverages Pricing Analytics – A Quantzig Case Study

#2: Why is snubbing pricing analytics a huge mistake?: Strategic pricing is one of the best ways in which industrial and consumer products companies can maximize their profits. So, ignoring strategic pricing analytics is not at all recommended for business leaders. Recent research shows that pricing analytics solutions and price management initiatives can boost a company’s margins by 2-7%, in a span of 12 months. Companies must, therefore, unlock the full potential of pricing analytics solutions to build a sustainable profit model.

5 Reasons Why Snubbing Pricing Analytics is a Grave Mistake

#3: Pricing analytics improved the sales performance by 7%: This is one of the most significant success stories of Quantzig, where the client managed to gain strategic insights into price optimization across the entire product portfolio. This improved the sales performance by 7%. Moreover, price analytics solutions also helped the company to simulate scenarios and estimate how price changes will impact overall profitability and SKUs.

How a Wine and Spirits Manufacturer Improved Their Sales Performance by More Than 7% with the Help of Pricing Analytics

#4: Why does your company need pricing analytics?: With the use of pricing analytics solutions, it becomes easy for any company to save millions of dollars since they help in forecasting and measuring deviations against actual results to keep everything systematic. Also, strategic pricing analytics solutions help companies to closely monitor the market and anticipate the effect of promotional campaigns or price changes. Quantzig’s price analysis solutions offer accurate insights on pricing and help in identifying pricing opportunities by realigning discounts and highlighting unprofitable accounts.

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Wondering whether you should be leveraging pricing analytics solutions for your business?

Check out our complete portfolio of analytics solutions and choose what suits your business requirements. Request a free proposal today!

#5: Leveraging predictive pricing models to boost profit margins: Do you really think developing predictive pricing models is a mystery? If yes, then you must go through our latest success story where Quantzig’s predictive pricing models boosted the client’s profit margins significantly. With predictive pricing models, it is easy gaining insights into the actual profitability of the products. Furthermore, pricing analytics solutions are very helpful when it comes to critical decision making by adjusting product portfolio with respect to state or local tax, price, supply chain, and production costs.

Quantzig’s Pricing Analytics Engagement Helps a Leading Frozen Food Manufacturer adopt a predictive pricing strategy and boost profit margin

#6: Pricing analytics improved sell-through by more than 10%: Sell-through shooting up by 10%? Don’t you think that is significant for any business? Pricing analytics solutions have made it possible for one of Quantzig’s client by providing them assistance in identifying the financial impact of existing markdown practices and mitigate the negative impact on margins. Additionally, pricing analytics solutions proved beneficial in capturing lost margins and reducing the tendency to impulsively offer steep markdowns.

Pharmaceutical Drugs Pricing Analytics – A Quantzig Success Study

#7: Strategic pricing analytics helped in understanding competitors’ pricing structure: Is your pricing strategy hindering growth? If yes, then you must be going wrong somewhere in analyzing your competitors’ pricing strategy as compared to yours as it is very crucial for any business to attain success. This is evident in Quantzig’s latest success story, where strategic pricing techniques helped the client to gain actionable insights into the pricing techniques of the competitors. Furthermore, pricing analytics solutions paved the way to better segment target customers, boost the efficiency of their networks, and drive profitability.

Pricing Analytics Engagement: How a Healthcare Retail Client Assessed the Impact of Price Differentials on The Overall Market Share

#8: Pricing analytics solutions aided in profiling potential customer segments: Quantzig’s pricing analytics solutions helped the client to increase their focus on realigning their marketing mix to improve their overall profitability. Additionally, the unique price analysis techniques helped in identifying various ways to robustly position products against the competitors and examine the level of profitability across niche target segments. Furthermore, the effective pricing analytics solutions helped in gaining insights into the internal and external factors affecting the profitability of the industry at a granular level.

Consumer Goods Company Leverages Pricing Analytics Solution to Profile Potential Customer Segments

#9: Pricing analytics assisted in devising a better pricing structure: Customer profiling might sound scary, but you need not fear if you have strategic pricing analytics solutions in place. A leading firm in the telecom industry was dealing with the same issue but experienced a great change in their pricing structure by leveraging Quantzig’s strategic pricing analytics solutions. These solutions helped them to segment their customers properly and identify price points to devise a better pricing structure. Additionally, it made forecasting customer churn much easier and they were able to channelize marketing efforts in a much better way to improve their ROI.

Pricing Analytics Helps a Leading Telecommunication Provider Devise a Better Pricing Structure for the Services

#10: Pricing analytics solution helped to build a strategic pricing framework: Are you wondering how price points can trick your customers into making a purchase? Pricing analytics solutions can help as it helped one of the Quantzig’s clients.  Pricing analytics can assist companies in gaining stock value, making discounts count, and increasing the overall business rating.  Also, pricing analytics solutions have the ability to understand fluctuations in commodity prices and shifts in competitors and developing an overarching strategic pricing framework. This framework can furthermore help in identifying the target customers and gaining actionable insights into the products that are aligned with the cultural identity of the customers.

Pricing Analytics Study Helps a Food and Beverage Company Build a Strategic Pricing Framework

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