The Most Popular Business Analysis Techniques

The Most Popular Business Analysis Techniques

1. Who/what are our best (customers / salespeople / products)?

2. When is the best time to contact past customers?

3. Where are the opportunities for improvement?

4. How can we retain more customers?

5. Where are our best potential clients?

1500 Leads

Of course, Analytics can tell you.

BUT WHICH ANALYTICS?Â

THERE ARE MANY BUSINESS ANALYSIS TECHNIQUES OUT THERE.

THE CORRECT DECISION OF THE BUSINESS ANALYSIS TECHNIQUE IS MORE IMPORTANT.

So here's a selection of our most successful business analysis techniques.

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1

CONTROL CHARTS

2

BAR CHARTS

3

PIE CHARTS

4

TIMELINE CHARTS

5

GEO CHARTS

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0

1

2

3

4

5

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CONTROL CHARTS PROCESS-BEHAVIOR CHARTS

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30

20

The control chart is to evaluate the impact of your process improvement efforts.

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0

Jan

Feb

Mar

Apr

May

ELEMENTS OF CONTROL CHART Upper control line

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Upper warning line

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Target Lower warning line

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Lower control line

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0

Jan

Feb

Mar

Apr

My

CONTROL CHART BENEFITS If you are monitoring an ongoing process of your new product, control charts would be very helpful.

Prove whether your process is stable and consistent over time.

Communicate the achievement of your process during a particular period of time.

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BAR CHARTS

COMPARISONS BETWEEN CATEGORIES OF DATA 40

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0

2012

2013

2014

2015

2016

CLUSTERED BARS

Creating clusters are useful when you need to compare subcategories within and across categories.

STACKED BARS

Stacking bars are useful when you need to compare subcategories within categories & categories with each other.

BAR CHART BENEFITS

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40

It's simple to compare the set of business data between different groups at a glance.

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0

The relationship of the data between the x and y axis is easy to analyze.

They are useful for presenting trends or changes over time.

Jan

Feb

Mar

Apr

May

PIE CHARTS

CIRCULAR STATISTICAL GRAPHIC Email Marketing 15%

This is a circular chart divided into wedge-like sectors, illustrating proportion.

Twitter 12%

Website Visits

Organic 32%

Facebook 17%

Google 25%

PIE CHART BENEFITS A circular chart presents data as a simple and easyto-understand picture.

Pie charts are used for displaying percentage.

Allow visualization and check for the reasonableness or accuracy of the estimate.

They’re easy to create and understand.

TIMELINE CHARTS A timeline is a chart that represents how a set of assets are used over time.Â

Website Visits

TIMELINE CHART BENEFITS A timeline chart helps you in easily visualize of related business tasks.

It shows that you know what you’re doing.

Using timeline charts, crucial business information is made quickly scalable: Who in the group will finish the task When they’re going to finish it by How that particular task relates to the project as a whole

GEO CHARTS

A Geo chart is a map of a country or region with areas identified in different ways like region mode, marker mode, text mode and more.

Website Visits

GEO CHART BENEFITS They are easy to create, maintain and understand Geo charts can only plot high-level geographic details.

Maps can show both values and divisions with different colors to make your analyze simple.

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