ANALYTICS SUMMIT 1.

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KEY LEARNINGS:
1) HR ANALYTICS: In market customer is the king and in the process data is the king.
Analytics is all about analyzing the data and getting insights from it. Getting
information from data is very crucial. Dependency on cloud technology is wholly
dependent on data analytics. In future dependency on data is huge. Expenditure on
data analytics is going to be 20-30% in the upcoming future. HR Analytics is the base
of everything. The systems are more informative, it automatically what skills are
required. Chatbot, AI is helping employees to solve their basic problems instead of
going to HR executive. HR Analytics helps to match the CVs directly with the offered
job roles. Not only that data, it helps to reduce human errors and helps in better
decision making. HR Analytics helps to get the real time data, where my employees
are today and helps to handle my employees; their daily queries, knowledge
sharing, employee welfare- everything can be done using HR Analytics tools. HR
Analytics helps in studying the past history of the employee experience and helps in
recommending the right kind of knowledge sessions that he/she needs to attend to
enrich his/her knowledge.
2) Analytics in FMCG is more about sales and marketing. It helps in analyzing the
demand of the customers using data. Analytics helps in analyzing the packaging and
product labelling by analyzing how much leakage is occurring and how many
products are returned. Analytics helps in reducing plastics and moving to alternative
packaging material. Predicting demand is very crucial in FMCG sector. Analytics
helps in analyzing the demand from supply chain operations. The market share and
distribution data are married to understand the demand; and all this is based on
analytics. Blockchain can be used in product assurance (quality of products) in the
FMCG sector.
3) Analytics helps in the getting insights from the feedback given by customer; helps to
get an overview on customer satisfaction. Blockchain technology helps in GI-tagging
of the products which helps to get the customer’s attention.
4) AI and MACHINE LEARNING is the current trend of IT industry. IoT is the
interconnection of smart devices. Netflix, Amazon Prime are nothing but using
analytics in the form of AI. The next thing is wearable technology like smart
watches. Another current trend is big data. Blockchain is the super safe way to store
data. We should know how blockchain works and why is it safe. Cloud technology
also helps in smoothening of the process. Natural language processing, like Alexa
understanding our language, facial recognition has become the current trend.
Genomics include cell technology; covid vaccines are making the headlines.
Quantum computing helps to do the work in a faster pace. Lead management and
Six Sigma accompanied with change management will help us in ease of doing
business and advancement of our economy.
5) Analytics helps in the privacy of data. Data is money, you loose data you lose
money. Big Data can be described in terms of complexity, volume and speed. To
analyze those data you need to know Spark, Adobe etc.

6) ERP: Enterprise Resource Planning. SAP, RAMCO are some of the ERPs. Companies
can feed in their software data and there you go! First make a project charter (type
in the objective, how I make B/S, P&L and how I make profit. Then I need to feed
this charter into the ERP. You can customize in the software. Secondly, train the
personnel how to use it, how to make the dashboards; you need to implement it.
7) ADVANTAGES OF CLOUD COMPUTING: Traditional system is physically putting the
CAPEX putting in place the server, however in cloud computing you can cut down
the cost. Secondly cloud computing makes the business processes agile and they
also support infrastructure. Hosting documents and storing documents and data in
cloud helps in saving data from calamities; especially used by banks. It also
promotes collaboration; teams can work on projects from anywhere and anytime.