Business Forecast Using Data Science

Recent figures show that the UK data science market was worth £1.1 billion in 2018; a figure which is set to grow even further in the near future. Data analysis is now present in many aspects of everyday life, and even more so in business. It is now an essential part of any good business forecast and is used to plan business strategies, analyse sales figures or manage a CRM.

Basing a business forecast on data science helps the business better anticipate and plan events. Optimising resources available and using demographic data to better understand the current state of play is a major part of any business forecast. This data aims at helping managers and business owners understand the challenges that lay ahead so they can cope with them better.

At Edge Analytics, we use all the tools at our disposal and knowledge of data science to provide businesses with an analytical model that will suit them best. For that purpose, we will use Quest, a resource optimisation tool designed to help solve problems which relate to service utilisation. Using this method will enable us to help you better plan for the challenges which lay ahead. Such an analysis can, for example, be used to determine which customers to target or whether new or not to open a new store.

Get in touch with our business forecast experts now and get the help you need in making use of data science to manage your business.