Category: Applications
Detailed applications that make use of Advanata.
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Smarter Inventory Management with Advanata
Advanata redefines inventory management by taking a customer-driven approach that allows for easy usage by a non-specialist, quick addition of custom inventory goals, and incorporation of inventory structure. A detailed example is given for a garage that wants to balance profits and lead times along with descriptions for other applications.
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The Secret Recipe for Smarter Pricing
Advanata provides an optimal solution to the problem faced by businesses needing to change prices while maintaining other subjective goals. A detailed example is given for a restaurant that wants to change menu prices in order to increase profits while maintaining customer loyalty. Other applications are also briefly mentioned.
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How to Design Better Products with Advanata
Advanata is a flexible analytical tool for product design, enabling anyone to create products and services tailored to their specific goals. By employing analytics, users can identify problems, set goals, and determine actionable product features without needing extensive technical expertise. This approach is applicable across various products and services.
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Three Steps to Success with Advanata
Practical analytics problems can often be solved in three simple steps, focusing on reframing research into business issues. Analysts refine parameters for effective solutions using data, while Advanata’s AI optimizes outcomes for immediate action. The approach simplifies complex challenges, making analytics accessible and impactful. This demonstrated in a marketing budget example.
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KPI Theater Needs a Final Curtain
KPIs are often misused, diverting attention from complex problems to simpler, measurable ones, leading to detrimental outcomes. They should be indicators, not targets, with real goals aligned to customer business needs. Properly defined objectives are essential for effective analytics, making sure actions focus on meaningful results rather than misleading metrics.
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Cut Complexity with the Inductive Approach
Traditional analytics often struggles with speed and cost due to excessive data focus and insufficient use of domain knowledge. Advanata employs an Inductive approach that leverages this knowledge to define business problems and thus craft actionable solutions, aligning with customer needs for better outcomes and efficiency.
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Business Problems: What are they?
Business problems deliver the optimal actions a customer needs to reach their goals without any excess data or analysis. Most real-world problems are in fact of this type. Business problems are a structured form of analytic problems with the additional identification of goals, options and resources.
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Data Effectiveness: What is it exactly?
Let’s start from the very beginning. Who, What, Where, When, Why, and How are the basic questions for analyzing any problem. Things get far more interesting when we combine these basic questions! Combining Who and What allows for comprehensive Identification. Combining Where and When allows for describing Location. Going one step further, we can combine
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Can Advanata increase your profits?
Advanta enables businesses to maximize profits, minimize inventory, and achieve specific sales targets efficiently. Regardless of the business activity, Advanta provides clear and straightforward support to help attain objectives and enhance overall performance.
Advanata 